Look how big this generation is, by some mythological standard. Do you realize that about half of the Baby Boomers are still working? And their paychecks are being siphoned away to pay for retirees living large and college students also living large? Neither generation feels obligated to forego tax deductions on second or third homes, or repay a college loan that's bigger than my mortgage? Boomers can't pay for their own kids' education, but are footing the bill for millions of others. The Baby Boomers born after 1950 will not be able to retire comfortably on their savings because too many people demand a piece of the pie and never pay a dime in.
hear hear
I'm not the one who voted for this nonsense. I would vote for a vastly different way of life--one that gives me complete control over my own money. We are nowhere near retiring, but because of the way the law is written, we are fast approaching a time when we will have to take manditory minimum withdrawals so we can be taxed on our savings? And did you know that people who work full time past age 65 are forced out of private insurance plans and forced onto Medicare? We are nowhere near that age, but because the early half of our generation is selfish and expects to be handed an easy life on a platter, the younger boomers will be forced to work will past age 70. That works pretty well for people who have expensive educations and have desk jobs, but not so much for people like me who didn't have an inheritance and make a living by working hard.
Like I said before, I have never lived a single day without the government reaching into my home and checkbook to take away most of what I have.
