Raising the Retirement Age

has nothing to do with people living longer or about Social Security's "insolvency" and everything to do with the desire by big corporations to do away with it altogether so they no longer have to pay the FICA tax.

The problem is the "Democrat" who is president of the United States is all too willing to push for any type of neoliberal horseshit down on the public. I don't trust him at all to preserve Social Security.

Besides, some of these CEOs belong in prison.

The real source of the problem confronting Social Security and Medicare is not a demographic problem, but a class problem. Vast wealth is being hoarded by the financial aristocracy even as it proclaims there is “no money” for all manner of social programs.

A recent report by the Congressional Budget Office estimates that if the cap on the Social Security tax—which exempts income in excess of $110,000 a year—were eliminated, it would raise three times as much money for social security as raising the retirement age to 70. It would also close the solvency gap of the program for 75 years.

The BRT report underscores the reality that the entire American ruling elite is united in opposition to the idea that everyone has the right to decent health care and a dignified retirement.