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View Diary: A Baby Boomer on Social Security (75 comments)

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  •  I thought I was pretty clear but either (0+ / 0-)

    I could improve upon my wording or you need to slow down and not presume what I'm saying.

    For starters, I provided  a link to what "Generational Accounting" is.  It's less than 10 paragraphs long, is fairly easy to understand as a concept and will take a couple of minutes to digest.  If you are serious about engaging me in a dialogue I would ask that you at least read the link that answers the question that you posed to me.

    For a more in depth discussion and some numbers, I guess we would have to read the books that the authors wrote on "Generational Accounting".

    Secondly, AFAIK, my generation does support SS.  We want it for our grandparents, our parents, for us and for our kids.  If you have some proof that we are against SS I would like it if you posted it here because I haven't seen any polls that say young people are against SS.  I have seen that we used to think that SS won't be around for our generation but that's because when we hear that SS will go bankrupt we don't realize that the system can still pay 75 pecent of promised benefits.

    Finally, the aim is not so much about assigning blame but it's a plea to let's examine the question.  To help start that type of dialogue, are any of my facts below wrong?

    The older you are the lower your FICA tax rate was.
    The older you are the lower the retirement age was.
    The younger you are the more likely that you will not be paid your full promised benefits.
    If those facts are correct, is it likely that the SS system is tilted to favor some generations over others?  If so, by how much?  I know that if my generation were benefitting at the expense of either my parents generation or my kids generation, I would favor reforming the system to make it more fair to them.  If my parents generation is benefitting at the expense of my kids or my generation, I would want that to be addressed as well.

    What I don't particularly understand is why one generation should benefit at the expense of others.  If that is not the case, then my point is moot.  But if we did the analysis and find generational inequities don't we have an obligation to correct them?

    So what's the harm in finding out the answer?

    We cannot solve our problems with the same thinking we used when we created them. Albert Einstein

    by theotherside on Thu Mar 28, 2013 at 07:23:41 AM PDT

    [ Parent ]

    •  If (0+ / 0-)
      If those facts are correct, is it likely that the SS system is tilted to favor some generations over others?  If so, by how much? .............. If my parents generation is benefitting at the expense of my kids or my generation, I would want that to be addressed as well.
      Old NY saying:  If the queen had balls, she'd be king.  

      IMO, too many "if's" to make an informed judgement.  On the other hand, an opinion can be formed with a million "if's".  

      My opinion is Social Security is the least of your generation's problems.  It is, however, the lowest hanging fruit that can be reached to rile up one generation towards another.  

      What I don't particularly understand is why one generation should benefit at the expense of others.

      Something we agree on.  

      If that is not the case, then my point is moot.  But if we did the analysis and find generational inequities don't we have an obligation to correct them?
      A misunderstanding, perhaps.  

      I thought  you were stating, with certainty, there were generational inequities.  

      The problem was you didn't prove the case.  

      Of course we have an obligation to correct inequities.  My suggestion is roll back  the Reagan tax cuts before we start talking about Social Security.  

      If you want to start with inequities, start there.  

      We're all in this together.  We  need to address the fundamental unfairness of the tax code, the runaway military spending, and the destruction of the social safety net.  Social Security is NOT the problem.  

      •  We are in this together. (1+ / 0-)
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        BroadwayBaby1

        I'm a data driven guy and the SS Trustees report, as Roger alluded to, doesn't, AFAIK, calculate the affect from one cohort to another.  That's why I cited the three facts that would lead me to believe there likely are generational inequities but since there isn't data (besides Generational Accounting) I had to call it a gut reaction.

        But you are right that there are too many unknowns and that is why I would like the data to be developed and I would hope that reformers and defenders of SS would both call for a look into this issue.

        We cannot solve our problems with the same thinking we used when we created them. Albert Einstein

        by theotherside on Thu Mar 28, 2013 at 09:14:33 AM PDT

        [ Parent ]

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