"History is a wonderful thing, if only it was true"

Monday, July 06, 2009

More on demographics

Brief, lighter piece on demographics and longer working lives.
Good ideas for helping the problems with "entitlements"

Work longer when you are productive, pay taxes rather than draw Social Security.
Tweak with provisions for rewarding work.

New Age Thinker - Forbes.com:

"In 1900 men enjoyed an average of two years of retirement. Shoven isn't going so far as to suggest a return to a retirement that measly, but the number of golden years will have to stop increasing. Just as we index the value of a government pension payment for inflation (a practice that began in the 1970s), Shoven wants us to index age for improved health when calculating timetables for Social Security eligibility and retirement account withdrawals. He also wants to throw in tax breaks as sweeteners for the hardworking."

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