Why shouldn't Social Security age be raised for future generations?

[tech3149]

62. I am gobsmacked that you could start such an asinine thread.

There is no way raising the retirement age will do any good for anyone. SS is funded by your earnings while you work, raise the cap to match the rise in income and inflation. Hell, pull the cap and let billionaires kick in their 15% If we did that we might be able to cut the contribution rate in half and still be better off.
Here's another idea, apply FDIC contributions to dividend payments. Why should income from investment be any different from labor?
Here's another aspect to the situation. If you raise the retirement age you keep more people in the labor force. What is the effect of that? Reduced wages for all.
I'm a tired old fart but very skilled in my trade. I quit working back in 2002 by choice. I was burned out and couldn't continue do deal with the business mentality that pervades every industry. I loved the work I did and it broke my heart to leave my customers in a lurch.
Today I'm 59 and even though I have worked to maintain my skills there is about a 10% chance that someone would hire me were I was looking for a job.
Whatever I do for an income from now on will be with my own business or in the underground economy.
A more effective plan would be to reduce the retirement age. People like me could use our skills to mentor and train our youngers in the skills that we spent decades to develop. That pittance of a SS payment would allow me to offer my time in training programs for even more hours that I regularly worked.
Do us all a favor and think a bit more seriously about subjects you want to discuss.