Goldman Sachs CEO Lloyd Blankfein, reportedly worth roughly 450 million dollars, thinks the retirement age needs to be raised. He thinks you should work until you’re, oh, I don’t know, maybe 70 or so?
You can take this opinion, if you’ll pardon the pun, to the bank because Blankfein says he’s a man who’s just ” doing God’s work “, though it seems doubtful he’s working on behalf of any of the Greek gods, given Goldman Sachs role in the financial collapse of Greece.
In fact, it seems more likely that Blankfein is simply the man in the saddle on top of what Rollingstone’s Matt Taibbi called, “ a great vampire squid wrapped around the face of humanity.” Consider this paragraph from Taibbi’s piece:
The bank’s unprecedented reach and power have enabled it to turn all of America into a giant pump-and-dump scam, manipulating whole economic sectors for years at a time, moving the dice game as this or that market collapses, and all the time gorging itself on the unseen costs that are breaking families everywhere — high gas prices, rising consumer credit rates, half-eaten pension funds, mass layoffs, future taxes to pay off bailouts. All that money that you’re losing, it’s going somewhere, and in both a literal and a figurative sense, Goldman Sachs is where it’s going: The bank is a huge, highly sophisticated engine for converting the useful, deployed wealth of society into the least useful, most wasteful and insoluble substance on Earth — pure profit for rich individuals.
I guess now we know why Lloyd Blankfein wants us to work longer.
Been there, done(doing)that. Retiring at 62, even younger especially if a physical age, is not feasible in my experiences.
Blankfein is an idiot, inexperienced, or far worse, irrelevant.
Only upper income people are living longer. When will this lie be called out in the media? Oh that’s right. The media is very invested in lying about SS and Medicare. After all, the boots they lick are usually attached to a soulless fascist like Blankfein.
Lloyd and his posse strike again!
http://www.huffingtonpost.com/2012/11/25/deficit-reduction-council-fiscal-cliff_n_2185585.html
What’s wrong with taking a look at the arbitrary retirement age of 65? So if ol’ FDR and the boys had set it at age 55 back in the day, are you saying we couldn’t even lay a finger on increasing that age? Right there is the problem with an entitlement society.
FMSN,
You’re absolutely right, 65 is arbitrary. Let’s lower it to 62, mandatory.