Resolved: to help them to stay competitive in the global marketplace, we need to lower their taxes:
A business group of top executives on Wednesday proposed reforms to Social Security and Medicare that would raise the enrollment age for both programs to 70 but not raise Social Security taxes paid by upper-income Americans.The Business Roundtable, which represents more than 200 chief executives from some of the largest U.S. corporations, also urged Congress to add a "premium support" mechanism to Medicare, peg Social Security cost-of-living adjustments to a lower inflation gauge and raise Medicare charges for wealthier beneficiaries.
Considering that consigning the not-quite-elderly to early retirement has become baked into the corporate business model, a few additional years of sickness and impoverishment shouldn't make things much worse for them. Adversity builds character, whiners!
Outrageous? Yep. Offensive? Perhaps. But when we get good and ready to discuss entitlement reform, let's make sure all the stakeholders have a seat at the table. Meanwhile, I'm gonna be busy shopping around for the best one-way fare to Montevideo.
---Baron V
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