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Sir Jacob of Lakeview-Jake
"The Greatest Obstacle to Discovery is not Ignorance -- It is the Illusion of Knowledge" ~ Daniel Boorstin
It was obvious for those who bothered to do the math, that this proposal was not a step ahead ... but
How many people over age 70 are still holding full-time jobs as employees? How many people over the age of 67? I'd wager there are a LOT of people still working at age 67. It's no secret that someone who's been earning $40K most of their life probably doesn't have much pension or savings to add to SS income.
Private industry has often used "early buyouts" to reduce their workforce to save dollars. There may be some virtues in looking at this kind of plan in a modified version.
Those same people who continue to work after age 65, in lower middle-income brackets, have no doubt also deferred consumer purchases which would otherwise be reasonable for them to make.
Since those same people are still vigrous enough to hold a full-time job, one should not "waste" such a mandatory requirement, but rather mobilize these people into volunteer services. Think of how they could assist overwhelmed childrens' services or other parts of our charitable system. Many of them might be very willing to put their efforts into these kinds of charitable services if they were not compelled to hold a full-time job. Even consider that the benefit of their experience could be used as trainers for new employees in their old jobs after their "buyouts".
Such a program would be of temporary nature to solve a temporary problem. The baby boomer generation has been the largest population group throughout their lives. This would open up jobs in lower income levels where the unemployed are most likely to be the ones who would be most likely to need social services to subsist. Better to get these people back to work constructively than have them adapt to relying on social services. The older workers who get the "buyout" have already led working lives and are not likely to "change their spots" after an early-retirement "buyout".
I'm not one who believes in increasing our "entitlement" programs, but this one would be temporary. I've been accused before of having "off-the-wall" ideas, so this one might fit into that category. BTW, since I'm self-employed I do not stand to benefit from such a program .
"Know in your heart that all things are possible. We couldn't conceive of a miracle if none ever happened." -Libby Fudim
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