Saturday, October 16, 2010

A Mandatory Retirement Age ?

While the tenor of the elite led debate is towards an increased retirement age, in fact it probably would make more sense to lower the age one could receive full Social Security and Medicare. This could even go along with a mandatory retirement age. In doing so, positions would be freed up for the younger generation whose unemployment is often decried, but little done about. In general, older people usually want to retire and enjoy the life they have left, while young people should be working during their healthiest years. We are instead left with a deeply inefficient economic system based around a nebulous version of puritanism.

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