Get there happy a$$es out of the house...I hear Wal-Mart is hiring...
Hey, my Mom is 73 and she works 3 to 4 days a week at Walmart. She retired at 65 and was so bored, so she went back to work about 3 years ago and loves the extra money too.
oops
there = their...
hurry to post...
A simple proposal:
If people work longer, the government (fed and state) gets income taxes on their wages. Thats "found" money there only if people choose to work longer rather than retire.
So...why not use that money to induce people to work longer? In other words do something like say --hey, if you keep working and are willing to accept only half of your soc. security while you are working, we will not require you to pay income tax up to $60,000 of earned income.
That could go a ways towards balancing social security. The government is no worse off because otherwise people would retire, not earn wages, and not pay the tax anyway. Social security has less money coming out of it. People feel better about it because it is their choice.rather than some forced raising of retirement age or reduction in benefits.
Thoughts?