The Far-Reaching Effects of the Generational Wealth Gap

Reader Comments
Back to article

For every four salaried people working 50 hours per week or more... There is one person without a job... One person not paying into the Social Security system.
It is far less expensive to hire four part time workers and let the government subsidize their food and healthcare, than it is to own just one slave.

Ivan T of CO 2:39AM May 02, 2013

Take social security, for example.... if you live for 4 years or so while collecting, you get back everything you Ever put into the social security system.... and all the rest is gravy after that. The boomers put up with the formula ok in the past because there weren't too many retired and draining us of earned income. Now, there are way too many boomers reaching ss age and the younger workers can't sustain the transfer of wealth from young to old. Simple as that. Yet, none of the politicians Except Ron Paul will even mention the problem because the AARP will destroy any politician who proposes to fix or adjust the formula for fairness.
Older folks, boomers like me, will do well to show fairness rather than greed.
This is what is meant by "entitlements" keeping us from balancing the budget.. this sort of overspending arrangement we have in the social security system.
Ron Paul for President 2012~

John of NY 8:52AM April 08, 2012