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(Think Progress)   Rich Wall Street CEO to old people: "Get back to work, you"   (thinkprogress.org) divider line 196
    More: Dumbass, Wall Street, Scott Pelley, Lloyd Blankfein  
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11893 clicks; posted to Main » on 20 Nov 2012 at 7:56 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-11-20 08:26:58 PM  

super_grass: Now you just have another burden on society


I've been doing my best to be a burden on society even while gainfully employed the last 3 1/2 decades
 
2012-11-20 08:27:54 PM  

super_grass: ghare: fark this asshole. The retirement age WAS raised, back in the 80s, because it ain't like people just noticed the baby boomers.Stop raiding SS and Medicare, fark, LOWER it. Get old people out of the workforce, get new ones in.

Then you'd have people complaining about how grandpa lost his job, and how the company was evil for replacing him with some young hire who cost half as much.

Now you just have another burden on society.


How is letting Grandpa take retirement early making him lose his job?
 
2012-11-20 08:28:54 PM  
"Social Security wasn't devised to be a system that supported you for a 30-year retirement after a 25-year career."
as someone who's looking at another 41 years until retirement I'd like to know where this number came from?
 
2012-11-20 08:30:23 PM  
Let's see: All the old people enter the labor market (calculating new unemployment numbers). HOLY shiat!

/Because Obama asshole rich guy.
 
2012-11-20 08:30:51 PM  
Whenever I hear of someone raising the retirement age, I always got to wonder, will they make a distinction between types of jobs? Jobs that involve brutal, backbreaking labor (coal mining, oil drilling) are going to take a bigger toll on the body than the job of your average cubicle jockey.
 
2012-11-20 08:31:03 PM  
This guy doesn't appreciate the problem. I have no complaint about my retirement. I'm getting a little change from SS, I have accumulated some property, I'm fine. And I AM bored, and piddling around doing handyman jobs and shiat isn't essential - and I'd be happy to re-enter the workplace. But who in their right mind would hire me? Sure, I know my shiat and can do the job - for the 3 years I'll be working. Why the f**k would anybody bother to integrate me into their framework for that brief reward? And anyway - aren't there like a million kids that just got out of college who NEED F**KING JOBS?
Screw you, ass-face poopy-head man.
 
2012-11-20 08:33:07 PM  
Eat the rich..
 
2012-11-20 08:34:07 PM  
Means testing. Nothing. Else. Will. Save. It.
 
2012-11-20 08:34:34 PM  
Because only a handful of years should be spent enjoying the world without slaving away at a job.
 
2012-11-20 08:35:14 PM  

Zeb Hesselgresser: Means testing. Nothing. Else. Will. Save. It.


BZZZZZT! Wrong...Try Again!
 
2012-11-20 08:41:34 PM  

ghare: super_grass: ghare: fark this asshole. The retirement age WAS raised, back in the 80s, because it ain't like people just noticed the baby boomers.Stop raiding SS and Medicare, fark, LOWER it. Get old people out of the workforce, get new ones in.

Then you'd have people complaining about how grandpa lost his job, and how the company was evil for replacing him with some young hire who cost half as much.

Now you just have another burden on society.

How is letting Grandpa take retirement early making him lose his job?


Because grandpa might still want or need it a bit longer so he can save up more money for his retirement? You use the word "let", but in reality it can be "make".
 
2012-11-20 08:43:18 PM  

Silly Jesus: This is now the libtard relationship with the evil rich

Even when they point out basic math and obvious facts, they are evil.

Cry moar, poors.


Yeah, you're a troll, and a waste of one, at that. "Poors"? Wow, big daddy Warbucks, I bet you impress everyone in the Internet these days.

Something tells me that you're still in your 20's, driving an old 'n busted '82 Celica, hanging out with a couple of friends at the gas station each weekend and talking about how you're each going to get out of the shiattown that you live in now, but 0bama is holding you down...

But please, go on about the poors.....
 
2012-11-20 08:43:37 PM  

Zeb Hesselgresser: Means testing. Nothing. Else. Will. Save. It.


Means testing will save very little money - there aren't that many rich people and SS already has a low maximum benefit. Means testing will also make SS more demonizable since not everyone will receive benefits.
 
2012-11-20 08:46:09 PM  

cashdaddy: Silly Jesus: This is now the libtard relationship with the evil rich

Even when they point out basic math and obvious facts, they are evil.

Cry moar, poors.

Yeah, you're a troll, and a waste of one, at that. "Poors"? Wow, big daddy Warbucks, I bet you impress everyone in the Internet these days.

Something tells me that you're still in your 20's, driving an old 'n busted '82 Celica, hanging out with a couple of friends at the gas station each weekend and talking about how you're each going to get out of the shiattown that you live in now, but 0bama is holding you down...

But please, go on about the poors.....


You sound like one of the poors.
 
2012-11-20 08:48:15 PM  

Silly Jesus: cashdaddy: Silly Jesus: This is now the libtard relationship with the evil rich

Even when they point out basic math and obvious facts, they are evil.

Cry moar, poors.

Yeah, you're a troll, and a waste of one, at that. "Poors"? Wow, big daddy Warbucks, I bet you impress everyone in the Internet these days.

Something tells me that you're still in your 20's, driving an old 'n busted '82 Celica, hanging out with a couple of friends at the gas station each weekend and talking about how you're each going to get out of the shiattown that you live in now, but 0bama is holding you down...

But please, go on about the poors.....

You sound like one of the poors.


You sound like you're having trouble starting your Celica this week.
 
2012-11-20 08:51:16 PM  

HindiDiscoMonster: Diogenes: BLANKFEIN: You can look at history of these things, and Social Security wasn't devised to be a system that supported you for a 30-year retirement after a 25-year career

I'm retiring in 5 years and no one told me?

Yeah... I don't think math is his strong point.


Waitadamnminutehere...........I was supposed to retire 10 years ago?

/Talk about missing the memo.........
 
2012-11-20 08:53:45 PM  

cashdaddy: Silly Jesus: cashdaddy: Silly Jesus: This is now the libtard relationship with the evil rich

Even when they point out basic math and obvious facts, they are evil.

Cry moar, poors.

Yeah, you're a troll, and a waste of one, at that. "Poors"? Wow, big daddy Warbucks, I bet you impress everyone in the Internet these days.

Something tells me that you're still in your 20's, driving an old 'n busted '82 Celica, hanging out with a couple of friends at the gas station each weekend and talking about how you're each going to get out of the shiattown that you live in now, but 0bama is holding you down...

But please, go on about the poors.....

You sound like one of the poors.

You sound like you're having trouble starting your Celica this week.


You sound like a middle schooler.
 
2012-11-20 08:53:52 PM  

unyon: He's right. The 65 year retirement age was implemented when average life expectancy was... 69. It seems reasonable that the age move up, in a methodical way, allowing approaching retirees to adjust to the new reality.

Nothing is stopping anyone from putting away bank and retiring whenever you want. For many people, not being able to work past 65 is what will condemn them to a retirement of poverty.


The age has to go up. It's irresponsible of anyone to deny that demographic changes are affecting SS that need to be adjusted for. Life expectancy is higher, and the ratio of working age people/retirees has shrunk and will continue to shrink as the population ages.
 
2012-11-20 08:55:06 PM  

Lionel Mandrake: Diogenes: BLANKFEIN: You can look at history of these things, and Social Security wasn't devised to be a system that supported you for a 30-year retirement after a 25-year career

I'm retiring in 5 years and no one told me?

Apparently the average American goes to work at 40 and lives to be 95.

who knew?


To be fair, the young people who are graduating today may be 40 before they are able to find a job and move out of their parents' house.
 
2012-11-20 08:56:56 PM  

Silly Jesus: cashdaddy: Silly Jesus: This is now the libtard relationship with the evil rich

Even when they point out basic math and obvious facts, they are evil.

Cry moar, poors.

Yeah, you're a troll, and a waste of one, at that. "Poors"? Wow, big daddy Warbucks, I bet you impress everyone in the Internet these days.

Something tells me that you're still in your 20's, driving an old 'n busted '82 Celica, hanging out with a couple of friends at the gas station each weekend and talking about how you're each going to get out of the shiattown that you live in now, but 0bama is holding you down...

But please, go on about the poors.....

You sound like one of the poors.


You sound like you are reminding me why I have you farkied as "Confirmed Troll: Disingenuous Moron who hates the poor"

Always reassuring when the trolls go to their old standby acts.
 
2012-11-20 08:57:11 PM  
The retirement age will need to be increased or else Social Security will go away. It's pretty obvious. Sure, it's not fair, it's caused by factors we have no personal control over. Wah.

I'm planning on not getting one red cent, myself. Anyone under the age of 40 should probably assume retirement will be impossible or delayed well into their 80s.
 
2012-11-20 09:00:08 PM  
People like this guy make me glad that Man is a mortal creature. Because that means sooner later, Lloyd BALD FIEND will one day become worm food.

And on that day, he better pray that he gets buried under tons of concrete and rubble a la Pullman.
 
2012-11-20 09:00:23 PM  

Silverstaff: Silly Jesus: cashdaddy: Silly Jesus: This is now the libtard relationship with the evil rich

Even when they point out basic math and obvious facts, they are evil.

Cry moar, poors.

Yeah, you're a troll, and a waste of one, at that. "Poors"? Wow, big daddy Warbucks, I bet you impress everyone in the Internet these days.

Something tells me that you're still in your 20's, driving an old 'n busted '82 Celica, hanging out with a couple of friends at the gas station each weekend and talking about how you're each going to get out of the shiattown that you live in now, but 0bama is holding you down...

But please, go on about the poors.....

You sound like one of the poors.

You sound like you are reminding me why I have you farkied as "Confirmed Troll: Disingenuous Moron who hates the poor"

Always reassuring when the trolls go to their old standby acts.


Your face is like a butt.
 
kab
2012-11-20 09:01:14 PM  
What's your retirement package look like, Blankfein?

That's what I thought. Choke yourself.
 
2012-11-20 09:01:25 PM  

Testiclaw: Because only a handful of years should be spent enjoying the world without slaving away at a job.


That's college, right?

Just what we need. A finite number of jobs, being fought over by even more people. Companies are reluctant to hire ages 55 and up now, how will they handle 70 year olds applying? Will technology advancement slow, because 68 year olds aren't as familiar with tech - the savvy, computer literate 68 year old is few and far between, and they probably had a grasp of computers since their 40s (i.e. they know more than Facebook for their grandkids' pictures). What will this do for the younger generations.

Maybe we should restructure work expectations. For instance, work physical labor until 40, then desk jobs from 41-retirement.

Wonder what the world will look like when parts of your work force have active dementia, or Alzheimer's.

/my retirement age is 73 - I'll probably die at my desk
 
2012-11-20 09:02:23 PM  

Diogenes: Lionel Mandrake: Diogenes: BLANKFEIN: You can look at history of these things, and Social Security wasn't devised to be a system that supported you for a 30-year retirement after a 25-year career

I'm retiring in 5 years and no one told me?

Apparently the average American goes to work at 40 and lives to be 95.

who knew?

I'm all for privatization of Social Security. One two conditions:

1) I get all my contributions to date refunded, with interest.

2) I get to chose with whom I invest that money (no "government-approved funds only" bullshiat).

I think that's only fair, and is truly privatized.


And then we get to watch the people in large age cohorts all wonder why their investments are tanking just when they need to draw then out. It's almost like selling to get your cash out forces prices down.
 
2012-11-20 09:02:56 PM  

MemeSlave: but are still breeding like rabbits


Cute line, but it is not true if you're talking about the US (the scope of a discussion on US Social Security). The US birth rate dropped below replacement level about half a decade ago. There is the phenomenon of population momentum (basically life expectancy increases continue to increase population for a while), but the home born US population is on a shrinking trajectory.

http://www.lifesitenews.com/news/archive//ldn/2010/apr/10040802
 
2012-11-20 09:03:20 PM  

Silly Jesus: Silverstaff: Silly Jesus: cashdaddy: Silly Jesus: This is now the libtard relationship with the evil rich

Even when they point out basic math and obvious facts, they are evil.

Cry moar, poors.

Yeah, you're a troll, and a waste of one, at that. "Poors"? Wow, big daddy Warbucks, I bet you impress everyone in the Internet these days.

Something tells me that you're still in your 20's, driving an old 'n busted '82 Celica, hanging out with a couple of friends at the gas station each weekend and talking about how you're each going to get out of the shiattown that you live in now, but 0bama is holding you down...

But please, go on about the poors.....

You sound like one of the poors.

You sound like you are reminding me why I have you farkied as "Confirmed Troll: Disingenuous Moron who hates the poor"

Always reassuring when the trolls go to their old standby acts.

Your face is like a butt.


Wait....who's the middle schooler, again?
 
2012-11-20 09:04:23 PM  

squeedle: The retirement age will need to be increased or else Social Security will go away. It's pretty obvious.


Only if you're very stupid. Cut SS benefits by 25% and it is stable for the forseeable future (we're talking over 50 years). That's math as obvious as 2+2=4.
 
2012-11-20 09:04:49 PM  
Why is it that after I read articles like this I get the urge to play a FPS as a sniper?

/impotent first world rage.
 
2012-11-20 09:06:49 PM  

Duck_of_Doom: A finite number of jobs, being fought over by even more people.


Or, you know, people could work less - more leisure time, share the jobs, enjoy life. Isn't it odd how a world where 99% of the shiat work is done by robots is seen as a horrific hell hole rather than the reality of being closer to utopia? Of course, it's blasphemy to suggest that everyone benefit from the incredible wealth produced in such a world rather than literally just a few dozen lucky sods who own the robots.
 
2012-11-20 09:08:02 PM  

cashdaddy: Silly Jesus: Silverstaff: Silly Jesus: cashdaddy: Silly Jesus: This is now the libtard relationship with the evil rich

Even when they point out basic math and obvious facts, they are evil.

Cry moar, poors.

Yeah, you're a troll, and a waste of one, at that. "Poors"? Wow, big daddy Warbucks, I bet you impress everyone in the Internet these days.

Something tells me that you're still in your 20's, driving an old 'n busted '82 Celica, hanging out with a couple of friends at the gas station each weekend and talking about how you're each going to get out of the shiattown that you live in now, but 0bama is holding you down...

But please, go on about the poors.....

You sound like one of the poors.

You sound like you are reminding me why I have you farkied as "Confirmed Troll: Disingenuous Moron who hates the poor"

Always reassuring when the trolls go to their old standby acts.

Your face is like a butt.

Wait....who's the middle schooler, again?


www.anthonyjrapino.com

Me?
 
2012-11-20 09:08:58 PM  
I dunno, is he that wrong? It's not evil to succeed in America and the math seems relatively sound, ya know?

I plan to retire around 55ish, depending on how our retirement savings go and what we feel like doing. About 11 years to go, hopefully. That feels like a fark of a long time but on the other hand, if I had to work another 20 or 25 years from now I'd probably put a bullet in my head. And I really like my job!
 
2012-11-20 09:09:52 PM  
He's right.
 
2012-11-20 09:13:59 PM  
Just print the farking money. Yeah, yeah scary hyper inflation blah blah. Probably not going to happen unless there is a sudden scarcity in supply, which social security payments wouldn't create anywhere near enough demand to do.
 
2012-11-20 09:15:25 PM  

Surpheon: Duck_of_Doom: A finite number of jobs, being fought over by even more people.

Or, you know, people could work less - more leisure time, share the jobs, enjoy life. Isn't it odd how a world where 99% of the shiat work is done by robots is seen as a horrific hell hole rather than the reality of being closer to utopia? Of course, it's blasphemy to suggest that everyone benefit from the incredible wealth produced in such a world rather than literally just a few dozen lucky sods who own the robots.


4 4 40

Four hours a day/four days a week/40 weeks a year.

Fark being alive on this planet and spending the entire time punching the clock for some arbitrary occupation.
 
2012-11-20 09:15:35 PM  
Not everybody has your retirement plan, Lloyd.

dailybail.com
 
2012-11-20 09:16:37 PM  

Debeo Summa Credo: He's right. a kleptocrat


Do you know why there's 2.5 trillion dollars worth of IOUs in the SS Trust Fund?

Because 35 years of tax cuts left gaping holes in budgets that could only be paid by borrowing from SS

I have this comment for Blankfein...
farking pay me back you assholes.
 
2012-11-20 09:17:24 PM  

jgk3: unyon

Smartest
Funniest
2012-11-20 05:01:35 PM
He's right. The 65 year retirement age was implemented when average life expectancy was... 69. It seems reasonable that the age move up, in a methodical way, allowing approaching retirees to adjust to the new reality.

Nothing is stopping anyone from putting away bank and retiring whenever you want. For many people, not being able to work past 65 is what will condemn them to a retirement of poverty.

Actually the average life expectancy when SS was implemented with an effective age of 65 was 61.7 years. In other words, Roosevelt's plan was for most workers to pay into the program and die before they collected anything--that's what made it actuarially sound. The equivalent today would be for the retirement age and SS effective age of about 82. Since that's simply not practical for most jobs, the program will need considerable subsidies by the time most of us on FARK retire.


Actually, if you read that Salon article that was linked above, you'll see that 62 year life expectancy includes a ton of deaths from childhood illnesses - people who neither pay into nor collect from SS and so are irrelevant. Reducing childhood deaths is the source of most of our life expectancy gains.
 
2012-11-20 09:17:36 PM  

Surpheon: Or, you know, people could work less - more leisure time, share the jobs, enjoy life. Isn't it odd how a world where 99% of the shiat work is done by robots is seen as a horrific hell hole rather than the reality of being closer to utopia?


A wonderful, if fanciful notion. Cutting work hours, for an hourly worker, means cutting wages. I'm forseeing a future where everyone in lower tax brackets works multiple part-time jobs. No need for a company to offer benefits, as the workforce is part-time. You can go from one job right to the next, and you would end up working more than 40 hours a week. The added psychological benefit is what you said - the illusion of working less. Why become something white collar, with the horrible hours?

Of course, it's blasphemy to suggest that everyone benefit from the incredible wealth produced in such a world rather than literally just a few dozen lucky sods who own the robots.

You sound like a social person, if you know what I mean.

/agree with you
 
2012-11-20 09:19:09 PM  
Nothing like an article without citations to get farkers started.
 
2012-11-20 09:24:46 PM  

Surpheon: Only if you're very stupid. Cut SS benefits by 25% and it is stable for the forseeable future (we're talking over 50 years). That's math as obvious as 2+2=4.


Are you aware of the fact that some people's benefits are in the neighborhood of $600, 700, 800 per month? A 25% cut would drive them into dumpster diving for dog food. That is, unless you're talking about cuts for people with bigger benefits.
 
2012-11-20 09:26:06 PM  

Surpheon: squeedle: The retirement age will need to be increased or else Social Security will go away. It's pretty obvious.

Only if you're very stupid. Cut SS benefits by 25% and it is stable for the forseeable future (we're talking over 50 years). That's math as obvious as 2+2=4.


Or, remove the cap on contributions, raising it to $1M per year. To pricks like Blankfein that's little more than highway robbery but fark him.
 
2012-11-20 09:30:47 PM  
What the hell is "Social Security?" Oh right, the mandatory retirement program from which I'll never get to benefit. Hey, does anyone know where that "opt out" thing is that ol' Dubya was talking about? Cylindrical filing cabinet you say? Ah...
 
2012-11-20 09:32:05 PM  

ajgeek: What the hell is "Social Security?" Oh right, the mandatory retirement program from which I'll never get to benefit. Hey, does anyone know where that "opt out" thing is that ol' Dubya was talking about? Cylindrical filing cabinet you say? Ah...


You should instead demand hat the 1% pay the god damned 2.5 trillion in IOUs
 
2012-11-20 09:33:14 PM  

Silly Jesus: Even when they point out basic math and obvious facts, they are evil.

Cry moar, poors.


While in principle he's right and we need to either reduce benefits, raise the retirement age, or both... he actually failed on the basic math part of the problem.
 
2012-11-20 09:33:43 PM  

X-boxershorts: ajgeek: What the hell is "Social Security?" Oh right, the mandatory retirement program from which I'll never get to benefit. Hey, does anyone know where that "opt out" thing is that ol' Dubya was talking about? Cylindrical filing cabinet you say? Ah...

You should instead demand hat the 1% pay the god damned 2.5 trillion in IOUs


Good luck with that one. I'm 36 and I probably won't get to retire unless I just off myself at 65 or 70.
 
2012-11-20 09:34:04 PM  

Godscrack: [mgsonline.blogs.com image 500x375]


Are you really this dumb or just trolling? You understand that it's a jew saying this, right?
 
2012-11-20 09:35:02 PM  
Has anyone considered cutting 'defense' spending?
 
2012-11-20 09:35:36 PM  
We need workers to retire to make room for new workers. Not thrilled with 72 y/o nuclear power plant workers and no one on deck to take their place. Extrapolate into all areas of technical expertise. We dont HAVE to have a sophisticated society thats always on the brink of disaster.

Dumbass! 

/ Just a thought. What if moving forward we discover that there will always be more people than jobs. Maybe a new economic model would be in order. One that would have no room Multi Billionaire CEO's that add no value to... well anything.
 
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