Dan Minette wrote: > The alternative is to tax workers more and more each year to give to > the retirees. Given the fact people are living longer now and are > also living active lives longer now, and have more expensive medical > procedures considered standard, we will soon be talking about elderly > benefits reaching 10% of GDP....unless modifications are done. > Remember, you and I are looking at _being_ the elderly in 15-20 > years, while we are looking at our children's generation and the > generation after that being taxed for our lifestyle. At what level > do we say, if I want more money, then I'll consult a day a week or so.
I'm not disagreeing with you and Erik, but I think Nick is also correct. It seems to me that the "Cost Of Being Old" is rising dramatically, and the main causes are due to the rising health costs that are effecting everyone. We have discussed this a bit in the past. The cost of health care and medicine is rising beyond the ability of our society to pay. Businesses and government are having a hard time affording health insurance for employees. Employees are finding that their insurance covers less and less. I think the real key to reigning in Social Security and Medicare costs is controlling health care costs. It may be that we are coming to a point where we have to decide between economic security for the old, young and infirm, or free market medical and pharmaceutical business practices. xponent Equity Maru rob _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
