What I wouldn’t do to be a fly on the wall of Kevin Drum’s house when he reads this:
With the help of groups like AARP, the elderly have learned to fight for the right to retire earlier and get bigger benefits than the previous generation – all financed by making succeeding generations pay higher taxes than they ever did themselves.
The result is a system that burdens the young and creates perverse incentives for people to retire when they’re still middle-aged. Once you’ve worked 35 years, more work often yields only a tiny increase in your benefits (sometimes none at all), but you still have to keep paying the onerous Social Security tax, which has more than doubled over the last half century.
If the elderly were willing to work longer, there would be lower taxes on everyone and fewer struggling young families. There would be more national wealth and tax revenue available to help the needy, including people no longer able to work as well as the many elderly below the poverty line because they get so little Social Security.
I mean, I would pay cash money to watch his reaction.