A "buy-out" is not a benefit. It is a way to lower the number of recipients so that the overall burden to younger generations is reduced. This "buy-out" certainly won't be enough to replace projected benefits but must be large enough to entice sufficient numbers of boomers to partake to accomplish the end goal of lowering overall cost. Part of this enticement involves the knowledge that benefits will be redefined for all of those opting to remain in the system. Some boomers will opt to take the buyout, others will choose to remain. In both cases, cost will be reduced for those in the workforce. In both cases, Boomers have had to take a reduction in what was promised them. How can you possibly describe this as the boomers ripping younger generations off?
"So who gets left holding the bag? Young folks. Everyone who’s not a boomer. I congratulate you on managing to shaft everyone, while still guaranteeing that Boomers get every dime of social security."
I just pointed out to you that those boomers who opt out get ZERO social security. That's certainly not "every dime". In addition, those boomers who remain in the system will have to accept whatever social security benefits result from it's restructuring, certainly less than they were expecting, and once again, not "every dime". They are thus holding their part of this "bag" you speak of. You seem to want them to hold it entirely. It's a shit bag to be sure, but everyone has a part to play in getting rid of it, not just the boomers. They are getting to choose between two less shitty bags while one of your bags actually has candy in it.
"Those in it now would have your system - those entering into it would be exempt."
Won't work. Those at the youngest end still will need THEIR benefits for a forty year period after THEY stop working. This "die-off" time has to be financed by someone.
“This “die-off” time has to be financed by someone.”
Let it be boomers. We don’t have the money collectively, to pay for it. You can confiscate all you like, but the more you confiscate, the less people will pay.
Chickens. Coming. Home. To. Roost.
“You seem to want them to hold it entirely.”
Not so. I gave you your exact plan while exempting those 18 and younger frome every paying the system. This means people like me pay to support all the boomers, and when it comes to ‘our turn’, that there’s simply no one left to pay.
I’m very willing to take the hit - but only for a plan that ends the theft. For this plan that not only exempts boomers from paying into the system, and denies us the same choice? Terrible. Without ending the actual transfer? Even worse.