this post was submitted on 23 Sep 2025
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A Boring Dystopia

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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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[–] DarkAri@lemmy.blahaj.zone 14 points 1 day ago

Or you could stop printing trillions of dollars to give to corporations and let people have a sub 40 hour work week so they have kids who aren't economic migrants.

[–] makyo@lemmy.world 37 points 2 days ago* (last edited 2 days ago) (1 children)

With all the productivity gains in the last 50 years we should be working shorter work weeks and retire earlier.

That this discussion is even happening just goes to show how the rich have pulled the wool over our eyes.

[–] droans@midwest.social 6 points 2 days ago

That's stupid, that could cut the stock market by a percent or two!

What kind of motion would rather have a better life instead of seeing numbers arbitrarily go up?!

[–] AA5B@lemmy.world 23 points 2 days ago* (last edited 2 days ago) (1 children)

encouraging people to continue working past age 65.

We already made this adjustment to social security: retirement age is 67. This is just an excuse to pay less to people who are forced to retire for health or job reasons

Speaking as someone who probably can’t afford to retire, I expect my “retirement age” to be whenever ageism catches up so I can no longer get a job

[–] HubertManne@piefed.social 6 points 1 day ago (1 children)

I might already be there. Figured it would be till im physically unable to work but who knew jobs would just not be there. Man I was way to optimistic.

[–] shalafi@lemmy.world 2 points 1 day ago (1 children)

Might be there as well. Through my 40s I scored two solid sysadmin roles, now I can't score an interview.

[–] partial_accumen@lemmy.world 1 points 2 hours ago

I don't see many pure sysadmin roles listed anymore. Companies seem to want to squish two or more roles together so we have DevOps roles or SREs.

[–] 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)

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?"

[–] Zier@fedia.io 50 points 2 days ago

Remove the income cap and make the wealthy pay into the system like should always have been doing. This is a made up crisis created by the wealthy.

[–] joekar1990@lemmy.world 56 points 2 days ago (1 children)

The same Larry fink who helped pioneer mortgage backed securities that helped crash the market in 2008?

[–] j5906@feddit.org 19 points 2 days ago (1 children)
[–] Randomgal@lemmy.ca 8 points 1 day ago* (last edited 1 day ago) (1 children)

Dont need to pay retirees if the condition for retirement is death. Easy money. Capitalism works.

[–] LemmyKnowsBest@lemmy.world 1 points 1 day ago

Do? Or don't?

[–] Shotgun_Alice@lemmy.world 18 points 2 days ago

So let’s take advice form a billionaire who should choose to retire at any time. I really can’t wait for the class wars to start. I’m tired of this culture war.

[–] bagsy@lemmy.world 3 points 1 day ago

I've got a couple ideas for Larry Fink.....

[–] LemmyKnowsBest@lemmy.world 3 points 1 day ago

I'm pretty sure the current retirement age is set at 72. Right?

For far too many people that means work until death. Likelihood of expiring before retirement age.

[–] hark@lemmy.world 2 points 1 day ago

This asshole should retire from life.

[–] Rooskie91@discuss.online 39 points 2 days ago

How bout we tax his fortune and work less?

[–] A_norny_mousse@feddit.org 22 points 2 days ago* (last edited 2 days ago) (1 children)

TAX. THE. RICH.

Failing that, laugh their silly propositions out of the room.

I don't even know this guy but I want to slap him for his stupid arrogance. You really think we don't see what you're doing there?

I want so much more than to slap billionaires…

[–] SuiXi3D@fedia.io 23 points 2 days ago

Bruh, they already are, and they still can't afford rent.

[–] SoftestSapphic@lemmy.world 3 points 1 day ago

Someone angry at the NFL should visit their offices

[–] avidamoeba@lemmy.ca 18 points 2 days ago* (last edited 2 days ago)

How bout use the increase in worker productivity to provide for the retired population over the last 50 years? We'll take the remainder for a new welfare state too.

[–] HootinNHollerin@lemmy.dbzer0.com 18 points 2 days ago* (last edited 2 days ago)

Throw him in a cage with a large hamster wheel and live stream it while viewers yell through speakers for him to fuckin keep working. Now thats a black mirror episode idea which wouldn’t air, but it would be a fuckin hit

[–] Asafum@feddit.nl 18 points 2 days ago

"encourage"

"Work or starve. Your choice."

[–] anachronist@midwest.social 13 points 2 days ago
[–] commiunism@lemmy.dbzer0.com 6 points 2 days ago* (last edited 2 days ago) (2 children)

That's what most countries are doing rn, with Denmark or some other """"nordic socialist"""" country recently pushing retirement age to 70 and others talking about it or slowly pushing the age forward as well

[–] DarkAri@lemmy.blahaj.zone 8 points 1 day ago (1 children)

It's a giant scam to force people to pay into a retirement that they are going to die before they see. There is like a thousand other ways to fix retirement like, get rid of prescription drug laws and the excessive parents and copyright system.

I know you meant "patents," but filial responsibility laws need to go, too. Adult children should not be expected to foot the bill for their aging parents' inflated medical bills.

[–] AA5B@lemmy.world 3 points 2 days ago

Does the us have the safety net programs in place to support that? The social welfare systems supporting a longer healthspan and lifespan?

[–] webp@mander.xyz 10 points 2 days ago (1 children)

When the average american's lifespan is falling? 🤣

[–] Mouselemming@sh.itjust.works 4 points 2 days ago

Hey that's gonna be another savings, let's keep that up! Postponing COVID shots until you're 75 should help with that!

[–] Kolanaki@pawb.social 5 points 2 days ago

"Just work until you die."

[–] l_isqof@lemmy.world 4 points 2 days ago (1 children)

He's the CEO, he can just keep working himself until he dies. They run companies by themselves anyway...

[–] this@sh.itjust.works 3 points 2 days ago

They certainly get paid like they do

[–] Ging@anarchist.nexus 5 points 2 days ago (1 children)
[–] Hobbes_Dent@lemmy.world 9 points 2 days ago

Betcha it would go over just fine in the USA.

All those jokes about white flags and yet France can actually protest. Or wants to.

[–] jaybone@lemmy.zip 2 points 2 days ago (1 children)

Young people are blaming “boomers” (because they don’t know what that actually means)

[–] Flocklesscrow@lemmy.zip 5 points 2 days ago (1 children)

Boomers explicitly ushered this reality into existence. The young people are correct.

[–] ShieldsUp@startrek.website 1 points 1 day ago (1 children)

The young people will be the new boomer scapegoat soon enough. The latest generations are not immune to propaganda and corruption from politics.

[–] Flocklesscrow@lemmy.zip 5 points 1 day ago (1 children)

What scapegoat? The enmity heaped at the feet of Boomers is absolutely deserved.

They voted in the worst people, they took advantage of every social opportunity only to immediately pull up those same ladders behind them, they have collectively had an outsized influence on global politics and economy for 50+ years, and they are still, to this very day, hoarding resources while perched upon corporate and political ladders as implacable barriers to young, fresh leadership. They have collectively defaulted to obsessively focusing on their own material needs and wants, while stripping the futures from a minimum of Millennial (Y) and Z generations. Anecdotally, they are the least empathetic and most gullible of rubes- defiant in their ignorance and arrogant in the face of overwhelming facts.

Obviously not every Boomer is an awful person, but as a cohort they are the worst generation in modern history.

[–] ShieldsUp@startrek.website 1 points 1 day ago (1 children)

You are ignoring the propaganda and corruption these folks experienced their entire lives, in a time where media was even more tightly controlled than it is now. This generalization and attack on an age group (not mine, I'm millennial) misses the entire point in my opinion. Getting mad at boomers is not in any way helping, especially as it relates to this article. People have been fooled their entire lives and I feel bad for all of us.

[–] Flocklesscrow@lemmy.zip 2 points 1 day ago

They were "Generation Me" before anything else.

I'm not getting mad at Boomers; I'm apportioning blame as I see it merited. Why should they be denied their own culpability?

They could have received college educations for the price of a modest car; most chose to remain ignorant. Even now, Boomers hold pervasive views of intellectual resentment; they sent their own kids off to college, and then refused to listen to an educated word they had to say.

[–] ODuffer@lemmy.world 2 points 2 days ago* (last edited 2 days ago)

The UK is moving to 70... The State Pension Age Is Set To Rise To 70 - Meaning Millions In The UK May Have To Work Longer Before Retiring https://share.google/HGtYnhv1hEwIATIN8