Black Rock CEO, Larry Fink (JEW) states 65 year retirement is "crazy"

[Maestro]

Fink, who is worth an estimated $1.2 billion, notes that many 65-year-olds in the early 1950s didn't get a chance to retire because many had already passed away. In other words, he writes, more than half of workers who had paid into Social Security never got a penny because they died before they could claim the benefit.

so, he's basically hoping that we die before we can take out our SS?

thats almost comic book level villainy

because they can do math and realize it isnt sustainable.

Anyone that thinks we can keep doing this is retarded. its not possible

Okay then, abolish the program, and give me my phuckin' money back.

[Maestro]

He’s still working at 71 though

Charlie Munger was worth billions and worked up until his death at 99 lol

Warren Buffett is like 93 and still working, he’s worth $140billion

yes, they're still "working" but lets not pretend they're stocking shelves in a grocery store or moving inventory around in a warehouse. Their work day involves sitting in front of a computer and having Zoom calls.

He's expecting ditch diggers and roofers to work until they're 65. Thats disgusting.

[BigBallsMcgee]

Okay then, abolish the program, and give me my phuckin' money back.

they dont have your money. it did not go into some account waiting for you. It was paid out to people collecting now.

[Maestro]

they dont have your money. it did not go into some account waiting for you. It was paid out to people collecting now.

I'm aware

so should we just accept that the federal government stole money from us?

[BigBallsMcgee]

I'm aware

so should we just accept that the federal government stole money from us?

No, you should say ' I'm aware this chit isnt sustainable so lets change course before I lose more money I'll never see', instead of complaining when people like this CEO brings up what we all already know.

[Destor]

yes, they're still "working" but lets not pretend they're stocking shelves in a grocery store or moving inventory around in a warehouse. Their work day involves sitting in front of a computer and having Zoom calls.

He's expecting ditch diggers and roofers to work until they're 65. Thats disgusting.

Those are jobs for the young brah. I work in heavy industrial construction, the goal for people in the trades should be getting off the tools and more into foreman / general foreman / superintendent / management roles as they get older.

I bet the majority of early retirement fukkers are doing office jobs much like these dudes. And they make more money, probably blabber on the internet about WFH or doing 8hrs of actual work per week, and then they want to check out of the workforce early.

[theraskal]

These fools are absolutely not “working”.

Their money is working for them. An option the other 8B people on this planet do not have.

****ing lol at rich people working.

*clapping* well said sir

[TimeTravelerBro]

Retiring overseas crew

By the time millennials retire it will be 70+

[300Lane1]

No, you should say ' I'm aware this chit isnt sustainable so lets change course before I lose more money I'll never see', instead of complaining when people like this CEO brings up what we all already know.

The solution is to reduce SS payments for everyone and that doesn't get anyone elected or re-elected.

[BigBallsMcgee]

The solution is to reduce SS payments for everyone and that doesn't get anyone elected or re-elected.

this thread isnt about an election. there are people getting mad that the rich white man dared even acknowledge reality about the issue. thats the problem.

And no, reducing payments wouldnt solve anything because at a certain point its not even worth it. brb getting your $200 month SS check that wont even pay for gas. whats the point.

The whole thing needs to be blown up.

[BullittEV]

blackrock in itself should be regulated especially in the housing market, but lol @ people hating someone calling out the chitty social security scam installed in the 1930's (by non-jews) because jew man bad. Srsly, how is this not some weird parallel to leftists and Trump.. lol

You cant make this chit up.

Imagine a world without Jews

It's easy if you try

So you are for Social Security? youre not even a US citizen? Lmao

Be honest, did you actually read what the tunnel rat said?

[xeron]

Yep agreed, retirement is for those on the brink of death. So stop taxing me for it.

[ParsleyTea]

That issue has been discussed for as long as I can remember. The GOP even recently brought up the idea of updating SS and our medical system and Biden and the Democrats are roasting them for it. Some conservative writers are doing similar, saying it was a dumb election losing type suggestion.

That's one of the problem with government social retirement programs. It is not realistically possible to modify them as doing so is political poison.

Probably the best bet is to find cures for medical problems. I'm laughing about that though as I doubt researchers, government or otherwise, will be looking to lower Medicare medical costs.

[Gainzzz]

blackrock in itself should be regulated especially in the housing market, but lol @ people hating someone calling out the chitty social security scam installed in the 1930's (by non-jews) because jew man bad. Srsly, how is this not some weird parallel to leftists and Trump.. lol

So you are for Social Security? youre not even a US citizen? Lmao

Be honest, did you actually read what the tunnel rat said?

You're too stupid to see what's happening

AS USUAL

[Dave22reborn]

One out of three people born today, will live to be 100, what do you think is gonna happen?

[TugOfPeace]

They want to increase retirement age for upstanding citizens yet do nothing about poor people abusing welfare.

[Redundanteater]

He is correct that people are now living FAR longer than when the "retirement age" was set, resulting in a much greater burden to support. The problem is people's health and abilities diverge greatly the older you get. You might have one 70 year old ready for the nursing home while another might have many productive years left to contribute.

[Dave22reborn]

yes, they're still "working" but lets not pretend they're stocking shelves in a grocery store or moving inventory around in a warehouse. Their work day involves sitting in front of a computer and having Zoom calls.

He's expecting ditch diggers and roofers to work until they're 65. Thats disgusting.

Okay, you think thst ditch diggers or roofers are good with money?

[2011change]

Fellow JIDF employees in this thread (Dave22reborn and Rabbi BullitEV)

LOL

[SuperHercules]

At least he's not white

[BullittEV]

You're too stupid to see what's happening

AS USUAL

Are you for or against social security in its current form?

I am not a fan of Fink at all but I can separate my emotions from his words- SS is fukked and older people will be forced to work for longer. Why cant you get past his religion?

If you had said something of substance in the first place we could have skipped this part. Srs.

That issue has been discussed for as long as I can remember. The GOP even recently brought up the idea of updating SS and our medical system and Biden and the Democrats are roasting them for it. Some conservative writers are doing similar, saying it was a dumb election losing type suggestion.

That's one of the problem with government social retirement programs. It is not realistically possible to modify them as doing so is political poison.

Probably the best bet is to find cures for medical problems. I'm laughing about that though as I doubt researchers, government or otherwise, will be looking to lower Medicare medical costs.

We can figure something out. We at least need an initiative on it to submit proposals.

At least he's not white

Dont worry, I'm sure he is when it benefits him.

[ThatGuy950]

blackrock in itself should be regulated especially in the housing market, but lol @ people hating someone calling out the chitty social security scam installed in the 1930's (by non-jews) because jew man bad. Srsly, how is this not some weird parallel to leftists and Trump.. lol



So you are for Social Security? youre not even a US citizen? Lmao

Be honest, did you actually read what the tunnel rat said?

It’s the greatest government heist of all time, better than Covid even

[WiseOldApe]

That guy has his own agenda, but fuk if i'll be sitting around at home doing nothing at 65 without at least having some type of business or consultant work.

[128]

It's over, once the WEF avatar says it then it's going trickle down to politicians.

[Maestro]

Okay, you think thst ditch diggers or roofers are good with money?

Probably not. If you're a ditch digger in your later years you're probably not that good with money....or you went to jail, and simply don't qualify for anything other than back breaking tradie labor.

I think people often forget that the preceding generation before the Silent Generation had a 90% Elderly poverty rate. That is one of the reasons SS was created in the first place.

so should we turn into China and just let old people die for the sake of the economy?

[uneducated]

The elites are warming people up to the idea of cutting social security and pensions in order to fund the new cold war.

[300Lane1]

this thread isnt about an election. there are people getting mad that the rich white man dared even acknowledge reality about the issue. thats the problem.

And no, reducing payments wouldnt solve anything because at a certain point its not even worth it. brb getting your $200 month SS check that wont even pay for gas. whats the point.

The whole thing needs to be blown up.

Bro, the average person collecting Social Security at 67 is $1,505 with a max of nearly $4,000. That's a LOT more than $200 by the way and that is supposed to be a supplement to retirement, not all of your retirement.

[BigBallsMcgee]

Bro, the average person collecting Social Security at 67 is $1,505 with a max of nearly $4,000. That's a LOT more than $200 by the way and that is supposed to be a supplement to retirement, not all of your retirement.

yea I picked $200 randomly not literally. But to cut it meaningfully, it would become worthless. Just gut the whole thing and start over.

[frankdtank20]

Half of people are going to continue retiring at 62 and get partial benefits, whether they can truly afford to or not. Somebody dial up Wuhan so they can get SARS3 going.

[300Lane1]

yea I picked $200 randomly not literally. But to cut it meaningfully, it would become worthless. Just gut the whole thing and start over.

I agree with you in that it should be cut completely, but that's never going to happen. A small cut in benefits is what WILL happen at some point though.