A Boring Dystopia

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BlackRock CEO Larry Fink said America could dodge a ‘retirement crisis’ by encouraging people to work longer (news.yahoo.com)

submitted 2 days ago by FlashMobOfOne@lemmy.world to c/aboringdystopia@lemmy.world

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BlackRock CEO Larry Fink caused quite a stir when he suggested America could dodge its looming “retirement crisis” by encouraging people to continue working past age 65.

The billionaire, who chairs the world's largest asset management firm, kicked off his 2024 annual letter to shareholders by telling his readers it is “time to rethink retirement.”

He raised the point that more Americans are retiring and their retirements are increasing by length. This, he claims, is having a “massive impact on the country’s retirement system” — specifically the nation’s Social Security coffers, which are quickly running out of money.

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[–] jubilationtcornpone@sh.itjust.works 76 points 2 days ago (1 children)

You know what Congress could do instead if they weren't fucking morons? Eliminate the cap on social security taxes. Viola! Crisis averted.

[–] ArgumentativeMonotheist@lemmy.world 32 points 2 days ago (1 children)

Morons or enemies to their fellow men?

[–] jubilationtcornpone@sh.itjust.works 18 points 2 days ago (1 children)

Porque no los dos?

[–] ArgumentativeMonotheist@lemmy.world 13 points 2 days ago

They're intelligent enough to know that doing shit like this will be to their gain in this world, but not mature enough not to do it (nor do they believe in God and the Day of Judgment). They're not morons, drooling over themselves and thinking 1+1=shoe, they're just bad people. It's an important distinction to make, and the following questions are "who isn't a bad person in the American government?" and "why does my society seem to be okay-enough with all of this?"