Re:IBM to Acquire the Weather Company
by ryandrake on Wednesday October 28, 2015 @03:15PM
(#10466609)
Getting a bit off topic, but when we find that people's 401(k) plans are not enough to retire on, we're not going to see more elderly poverty. The elderly vote. We're going to see young taxpayers making up the difference. The move from mentions to self-directed retirement plans is essentially a wealth transfer from future workers to current corporations.
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Re:IBM to Acquire the Weather Company
by mikeyouse on Wednesday October 28, 2015 @05:33PM
(#10467588)
I think that seems optimistic. The elderly do vote, but they consistently vote for people who cut their benefits... Every single budget negotiation results in cuts to medicare and social security, which by definition are cutting benefits to the elderly.
I think you're right on a macro level, the tax burden is being shifted to the younger and less politically active, but based on actual legislative action, it seems defense and social issues are more important to the elderly than retirement benefits.