Republicans Want to Raise Retirement Age to 70

Regular Member Posts : 7317 Join date : 2014-07-29

1-24-2023

Republicans Want to Raise Retirement Age to 70
as Life Expectancy Is Falling.

In a time when life expectancy in the U.S. is declining for the first time in decades and Americans can expect on average to enjoy even fewer years of retirement, Republicans are considering a radical plan to shrink the retirement window.

House Republicans have been working out the details of their deeply unpopular plan to cut Social Security and Medicare in order to deepen poverty and shackle people to the labor force further into old age.

The party is considering a proposal to raise the retirement age for Social Security to 70, per The Washington Post, which means that workers and retirees would have to work an additional 3 to 4 years to receive full benefit.
This proposal would mostly affect younger workers who have not yet started to receive benefits from the program.

Under this proposal, Americans could expect to be able to enjoy retirement for only about six years, if the most recent life expectancy estimates hold: In 2021, the average life expectancy in the U.S. dropped to 76 years and one month.

It is also already harder to retire in the U.S. than in other countries, as older Americans have a higher poverty rate than those in other wealthy countries;
by contrast, over a million people in France are striking to protest the government’s proposal to raise the retirement age from 62 to 64 to qualify for a full government pension.

Regular Member Posts : 7317 Join date : 2014-07-29

1-24-2023

Ron Johnson Thinks Solution to “Labor Shortage”
Is to Get Retirees Working Again.

The Wisconsin senator described the idea as an “innovative” way to grow the workforce..

During a town hall meeting last week, Sen. Ron Johnson (R-Wisconsin) told listeners that coaxing retired Americans back to work with tax incentives could be an “innovative” way to deal with so-called “labor shortages.”

Johnson is currently seeking a third Senate term in this year’s midterm races despite promising to retire after two terms.
According to The Wisconsin State Journal,
he has proposed the idea for seniors to reenter the workforce numerous times over the past few months, and reiterated the call during a recent event in Neenah, Wisconsin, claiming it could be a solution for businesses that are struggling to hire and retain workers.

“We could encourage seniors to get back in the workforce, those who are able to, by just saying,
‘We’re not going to charge you payroll tax.
You’re not paying it now. Come back into the workforce, and we’ll waive the payroll tax,'”
Johnson said during the town hall.

Economists largely agree that providing better working conditions and higher incomes to workers is the best way to address the issue —
not coaxing seniors back to the workforce by telling them they can return to work without paying income taxes.

Untaxed payroll wages would reduce payments to Social Security and Medicare, programs that millions of retirees in the U.S. depend on to stay afloat.

Who else is going to keep the country running? The woke generation of college students who were never taught basic math because "it's racist"? Oh sure they can tell you all about gender studies and evil white people but run a business? Maybe if the business dyes your hair green and drills holes in your earlobes but anything more complicated than that forget it!

Idiocracy will be here soon. Ow! My balls!

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