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Author: JLC Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: Clinton Retirement Plan Date: 10/11/2007 11:40 AM
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It would, however, require abandoning fiction and returning to looking at SS as what it was designed to be--welfare to keep old people without private resources from starving in the streets, but just barely.

SS was designed to have a forced retirement at 65. During the depression you had numerous young men standing around unemployed. What do you get when you mix boredom and youth? Riots and revolution. Force all the old geezers to retire but promise them and income. Think about it, retirement was NOT a social norm until the invention of SS, it is a 20th century invention. People worked till they couldn't do anything anymore or died. Then the family took care of them.

JLC
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