As Boomers retire, the number of workers per retiree declines. If Social Security and Medicare are not significantly privatized, fewer and fewer workers will be paying higher and higher payroll taxes into Social Security and Medicare while more and more people will be living off these socialized entitlement programs. The Boomers will be 'endured' to the politicians protecting these entitlements. |
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As the Boomers try to sell off trillions of dollars of stocks, the overtaxed X generation won't have trillions to buy up the Boomer's nest egg at the expected price! Boomer nest eggs will plummet in value! Many Boomers will end up on entitlement welfare because of the market distortions created by the tax burden necessary to support the entitlement welfare programs. |
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The result will be a failing US economy, with higher taxes to fund entitlements to help those suffering because of the failure to properly reform and privatize the Social Security and Medicare entitlement program. Higher taxes will only increase unemployment, lower the value dollar, cause more suffering and make things worse and worse.... |
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US Corporations struggle as the value of their stock falls. They can't get funding to remain competitive in a world market where many other nations have lively economies driven by privatized pension investments. Many move their operations out of the US to join the vibrant economic river created by a privatized social security in most other nations in the world. |
