Re: Why don't Millennials want to work?
Posted by:
Baby Boomer leeches
()
Date: June 21, 2016 03:12PM
The average baby boomer, receives Medicare and SSI benefits way more than they ever contributed. The excesses, are taken from the young.
Obama ignored the Simpson Bolles Commission report to raise retirement age. You fucking boomers living too long - sorry to say. And you are getting free medical care on us hardworking millennials.Why didnt you save any money? Stop golfing and drinking on our dime you bloated pigs!
Shut up and die already!
That's why I freelance blog from Starbucks -- so I can get payments via Paypal and avoid FICA.
Check this article out for facts:
Sorry, Seniors, You Didn't Pay for (All of) That
FORBES:
Chris Conover
I explode myths that pervade health policy debates.
Opinions expressed by Forbes Contributors are their own.
The AARP—formerly known as the American Association of Retired Persons—is shamelessly (and irresponsibly) trying to convince seniors to run to their members of Congress to prevent cuts to Medicare. Why? Because “we worked hard for those benefits; we earned them.”
Would that this were true! Reality is that promises to Medicare recipients vastly exceed the payroll taxes to be collected from those receiving them to the tune of $105 trillion!
Talking about trillions, tens of trillions, or hundreds of trillions of dollars makes most people’s eyes glaze over. It’s simpler to talk about individual Medicare recipients. Fortunately, researchers at the Urban Institute have done these difficult calculations and produced some eye-opening numbers. They have calculated the lifetime payroll taxes and lifetime benefits for both Social Security and Medicare, showing that the AARP claim that seniors have “earned” their Medicare is less than a half truth at best.
The reality is that a male earning an average wage over his lifetime will receive from Medicare lifetime benefits in retirement that amount to $180,000.[1] Lifetime Medicare taxes for this average male would have amounted to only $61,000. Thus, over a lifetime, such an individual would have “earned” through payroll taxes only about one-third of their Medicare benefits. For a female earning the average wage, the situation faces even great discrepancy. Because she will live longer, her lifetime benefits will amount to $207,000 even though she will have paid in the identical amount of payroll taxes over a lifetime. In short, she will collect $146,000 more in benefits than the taxes she paid into the Medicare trust fund.