U.S. business executives call for raising retirement age to 70

Comments (10)
Wetsuits wrote:

“There’s nothing like impending pain to focus the mind, and the conditions the American economy faces are much more serious and sustained than any … experience in my lifetime,” Loveman said.

Especially when you can focus the pain away from yourself and onto someone else. These people are making proposals that give them no pain at all, and put all of it on people not as fortunate as they are. Scum.

Jan 16, 2013 7:13pm EST  --  Report as abuse
Swiss422 wrote:

Er…where does it say anything about raising the retirement age to 70? It just says they want the safety net to start at 70 — but they’ll still boot people out the door at 65. What’s wrong with this picture?

Jan 16, 2013 7:27pm EST  --  Report as abuse
GeneStuart wrote:

And do these titans of industry and beacons the American Way of Life guarantee to employ the aging population to bridge the gap between ages 65 and 70?

Jan 16, 2013 7:38pm EST  --  Report as abuse
akcoins wrote:

All they would have to do is take off the ceiling on SS taxes. As it is now the cap is approx. 100,000. Since you get more back than you put in why have a ceiling? If they did this SS would be solvent for quite a while if not 100s of years.

Jan 16, 2013 8:04pm EST  --  Report as abuse
JohnWayne2 wrote:

Democrats would never go along with raising the retirement age to 70; they would lose too many of their votes. Heck, Congress would have a heck of a time bumping the age by just one year.

In all fairness, there’s something wrong about a few highly-compensated executives suggesting that every working class man and woman work until he/she is dead. At the same time, there’s something wrong about people expecting younger generations to pay all their bills so they can enjoy their “golden years.”

My two cents: You need to bring down the cost of health care. Putting the burdon on other people (higher taxes and/or higher eligibility age) is not the answer. All this does is kick the can down the road.

Jan 16, 2013 8:07pm EST  --  Report as abuse
Swingdaddy wrote:

Why not make it 80 then 90 then 100… It’s just another shakedown on the poor. Why fleece poor people to help poor people who will never receive the help anyway?

Jan 16, 2013 8:19pm EST  --  Report as abuse
KJLuca wrote:

With chronic high unemployment, how would forcing seniors to stay in the labor market for additional years do anything at all to help? Likewise, with high health insurance premiums, how would adding millions of 65-70 year olds to private insurance rolls help to contain these costs?

Jan 16, 2013 9:33pm EST  --  Report as abuse
kcisobderf wrote:

So, what about the rampant age discrimination in tech industries? How are professional people expected to keep working to age 70 when companies are outsourcing and offshoring as fast as possible?

Is there an elderly Walmart greeter gap that must be addressed?

Jan 16, 2013 9:34pm EST  --  Report as abuse
BobRichards1 wrote:

Raising the retirement age to 70 will help but even better, phase these programs out. All they do is create the victim/dependency mentality that is driving this country the way of Europe. 100 years ago, people were responsible for themselves. Any correlation with what made this country great?

Jan 16, 2013 10:15pm EST  --  Report as abuse

With a current life expectancy of 75 for a male in the U.S., that would mean that I would most likely get only 5 years of annuities for 61 years of mandatory investment…if the program even survives that long (yes, I did start working when I was 14). Hmmm…sounds like a GREAT deal to me! The system is already grossly corrupt with politicians thinking it’s an endless “pot-of-gold” that they can dip into anytime they want…why not make it even MORE corrupt?

Fire all the corrupt elitists and start over!

Jan 16, 2013 11:55pm EST  --  Report as abuse
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