Wednesday, October 20, 2010
Work until you drop dead
So now Britain is following France's lead in raising the retirement age. As this might look great from a bean counters' perspective of "saving the system" in reality it won't. The money saved on this scheme will only be lost in two ways. First there are many professions that actually require physical labor. Labor that puts a strain on ones body. I can personally attest to that. To assume that someone in their late 60s could continue swinging a sledge hammer or wield a 90 lb. jack hammer is just silly. But raising the age of retirement presents a two fold problem. You'll have workers who are unemployable and employers unwilling to hire them. The worker will not be able to attain retirement age and if you've known anyone in these professions they're lucky to make it to their early 60s before becoming worn out or disabled. So while the bean counters think that workers that age would still be adding taxes to the federal coffers to support the system, these workers would in fact be taking from the system. They'd be too young to retire, too old to seek retraining (what employer would want to hire somebody in their 60s and nearing retirement?) and probably starting to develop health problems that come with age. They would become a drag on society and the health care system. I'm seeing a lot of this right now with the retirement age at an average of 66. Pop down to the unemployment office and I'd bet most of the people in line are over 50. And these people are slowly running out of unemployment.
To those who somehow think that the money in the Social Security fund is tax payer dollars I have some news for them. It was my money that was put in there for me when I retire. It's not some "entitlement" program that's doled out by the goodness of Uncle Sam. So just keep your grubby republican hands off it!
So I guess the newest mantra for them is hurry up and die so we don't have to pay your retirement or health care.