BlackRock CEO Larry Fink caused quite a stir when he suggested America could dodge its looming “retirement crisis” by encouraging people to continue working past age 65.
The billionaire, who chairs the world’s largest asset management firm, kicked off his 2024 annual letter to shareholders by telling his readers it is “time to rethink retirement.”
He raised the point that more Americans are retiring and their retirements are increasing by length. This, he claims, is having a “massive impact on the country’s retirement system” — specifically the nation’s Social Security coffers, which are quickly running out of money.
How does technological unemployment (e.g. AI replacing jobs) factor into this?
They’d be no retirement crisis if the government paid back all the money it borrowed from Social Security. Or if a steady stream of Immigrants came to our country.
They’d be no retirement crisis if the government paid back all the money it borrowed from Social Security. Or if a steady stream of Immigrants came to our country.
They’d be no retirement crisis if the government paid back all the money it borrowed from Social Security. Or if a steady stream of Immigrants came to our country.
They’d be no retirement crisis if the government paid back all the money it borrowed from Social Security. Or if a steady stream of Immigrants came to our country.
Dont need to pay retirees if the condition for retirement is death. Easy money. Capitalism works.
Do? Or don’t?
I’ve got a couple ideas for Larry Fink…
Someone angry at the NFL should visit their offices
This asshole should retire from life.
I’m pretty sure the current retirement age is set at 72. Right?
For far too many people that means work until death. Likelihood of expiring before retirement age.
You know what Congress could do instead if they weren’t fucking morons? Eliminate the cap on social security taxes. Viola! Crisis averted.
Morons or enemies to their fellow men?
Porque no los dos?
They’re intelligent enough to know that doing shit like this will be to their gain in this world, but not mature enough not to do it (nor do they believe in God and the Day of Judgment). They’re not morons, drooling over themselves and thinking 1+1=shoe, they’re just bad people. It’s an important distinction to make, and the following questions are “who isn’t a bad person in the American government?” and “why does my society seem to be okay-enough with all of this?”
The same Larry fink who helped pioneer mortgage backed securities that helped crash the market in 2008?
Why isnt he in prison?
$$$
Remove the income cap and make the wealthy pay into the system like should always have been doing. This is a made up crisis created by the wealthy.
How bout we tax his fortune and work less?
With all the productivity gains in the last 50 years we should be working shorter work weeks and retire earlier.
That this discussion is even happening just goes to show how the rich have pulled the wool over our eyes.
That’s stupid, that could cut the stock market by a percent or two!
What kind of motion would rather have a better life instead of seeing numbers arbitrarily go up?!
