tnt said:Eriul said:I love the millennial v. baby boomer argument. People lump individuals into these stereotypes based on age or occupation and it's ridiculous.
I consider myself a millennial.
I don't favor "communism" but I am very much in favor of more socialized systems such as secondary education or healthcare. This thought process is EXTREMELY common in my age group. The argument of "you just want things for free!" is bullshit. The same person who says that goes and picks up their Social Security check every month. Also socialized education has proven to be much more successful in other countries in many aspects including quality of education.
and no I am not just begging for hand outs. I do quite well for myself financially.
You missed one important point there. Social security isn't free (nor is medicare) its paid for (and then some) by the folks drawing it. The average worker pays $722,000 into Social Security and Medicare and can be expected to take out $966,000 in benefits. Had they put the same amount into regular investments their yield would be roughly double. The assets in the Social Security trust fund are invested in Treasury bonds, notes and bills. while safe have pretty low yield. Interestingly 1.5 TRILLION of that trust fund is a contingent liability having been used as "student loans" to pay for millinnials college education (most who never graduated and 12% who default...........
Yah, except people don't pay for their own SS. They are paying for the older generations SS. So those of us paying into it now will likely not see any part of it.