Saturday, January 19, 2013
Corporate America Wants To Make It Harder For You To Retire
Following in the footsteps of CEOs who've organized the "Fix the Debt" campaign, which promotes raising the retirement age for Social Security, another corporate front group – the Business Roundtable – is calling for the same thing. They want to raise the retirement age for Social Security up to 70 years. Of course, just like "Fix the Debt", the Business Roundtable is made up of wealthy CEO,s who have little use for Social Security anyway – and will do just fine on their multi-million dollar nest eggs when they retire. But, fearing that they might see their taxes go up if the payroll tax cap was lifted to make Social Security more solvent, these executives would rather see Americans laying bricks until they're seventy-years-old. And for the record, this argument that Americans are living longer is bunk. While the wealthy who work non-physical jobs – like banksters – are indeed living longer – the working people in physical jobs have seen very few gains in average life expectancy. It's up to Democrats in Congress to protect Social Security – a program they created.
at 1/19/2013 10:00:00 PM