General Discussion
In reply to the discussion: Why shouldn't Social Security age be raised for future generations? [View all]dawg
(10,777 posts)on a real per-capita basis. We don't feel it in our daily lives because so much of the additional wealth has been allowed to pool at the top, but we are a very rich society that is fully capable of funding our modest retirement and health benefits without placing an undue hardship on anyone.
Prior generations were able to benefit from a rapidly growing population. We no longer have that advantage, and anyone with an ounce of foresight could have predicted that fifty years ago. But allowing seniors to retire with a modicum of dignity and health security is something we can still afford to do. We may have to tap additional revenue streams to continue to fund these programs, but we can do so easily.
Or perhaps it is more important to maintain the free world's lowest tax burden on the wealthy?
Personally, I'm not willing to allow seniors to suffer so I can afford a Lexus instead of a Honda.