I am a late baby boomer. I have already decided in my mind that many of the ‘benefits’ of a progressive society won't be there as promised. And I have anticipated, that even the retirement accounts of IRAs and 401K will be taken away in a last ditch effort of appeasement to the old and the young.
How shall we say it...the young are waking up to realize they are being fleeced and boomer's will find themselves looted in the progressive system.
I do not begrudge the elders of the now and yet...I do not support the idea that a promise is a promise. The morally correct thing is to find a way to end the system. Perhaps persons born after 1970 or 1965 are no longer eligible to receive benefits. Contributions will still need to be made, but it is the promise to stop this lunacy to the younger generation that is the reward. The program should realize a wind down and extinction in 20 years. I am willing to make that sacrifice to restore the 'dream of America,' to the generations behind me. I realize we cannot do both.
The problem is that the "conservative base" prefers to cuddle with the Republican Party, and I know of few (if any) young'uns who trust the Republican Party, especially after the Party's behavior of the past decade.
Shucks, I myself don't trust the Republican Party after Bush and a Republican Congress went on a spending orgy!
even the retirement accounts of IRAs and 401K
Unlike many of my counterparts, I have begun saving. If Fedzilla openly confiscates what savings I have, I will strongly consider defaulting on debts I owe to Fedzilla (and am currently repaying) and possibly leaving the U.S. for good - after all, much of the developed world is aging and there is a dearth of STEM workers, which means that other countries with better-managed economies will begin (if they haven't done so already) to start poaching talent.
I do not support the idea that a promise is a promise.
In order for a promise to be a promise, it has to be voluntary. Otherwise, it's nothing more than extortion and stealing. And no, neither the unborn nor infants are capable of making promises.
Perhaps persons born after 1970 or 1965 are no longer eligible to receive benefits. Contributions will still need to be made, but it is the promise to stop this lunacy to the younger generation that is the reward.
"Actually, a government bureau is the nearest thing to eternal life we'll ever see on this earth."
When Social Security dies, it will be because the program - bloated and heavily in the red - collapses because the arrival of new victims slows to a crawl and the program finds itself unable to tax its current victims at a rate higher than 100 percent. Of course, Fedzilla could ramp up the printing presses, but that might trigger a hyperinflation and bring the entire system down.