Corey
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- Mar 7, 2002
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As long as a person is working they will pay SS taxes, so raising the retirement age will add to the stream of money going in. Also, those near the end of their working careers are paying more in SS taxes because their pay is higher than those entering the workforce.
While true, this doesn't address my point about the impact on the job market and wage deflation.
Is the current retirement age targeted? No, it is not, and wasn't when the retirement age was raised from 65 to 67. I can understand making exceptions for certain types of work as long as it can be kept under control. It hasn't been in Europe. Early retirement at 50 for high stress jobs like pastry chef is absurd.
It seems we agree in large part on targetting retirement ages though I disagree about the absurdity in 50 being the early retirement age for pastry chefs in Europe (early being the operative component). It's harder work than you might be thinking (e.g., making buttercream flowers), requiring the chefs to be on their feet for the whole time (like nurses).
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