Social security is going to die at some point. It's on a slow march there, and I don't see it lasting another 40 years.
When it dies that suffering is going to happen regardless, so I'm in favor of it happening sooner, where it may end up being beneficial to millenials in the long run who are being screwed by having to pay into supporting the baby boomers in a system they'll likely never see the benefits of themselves.
Also boohoo, the 50+ year olds aren't getting their retirement packages? Most millenials don't have jobs that include a retirement package of any kind. Only 30% of millennials contribute to a 401k, and way fewer have employment with some kind of pension.
Again, if this is going to mostly harm the baby boomers I'm ok with it.
First of all, it is too late to " hurt the baby boomers" as they are already in retirement, so if your motivation is revenge, that isn't going to happen. IT will however, completely destroy the millennials, generation X , and Zoomers. As I linked above, I already pointed out that Gen x and Millennials have no savings or any ability to save. The extreme poverty and people dying in the streets I was referring to WAS the millennial and Gen X, the baby boomers are already collecting their $2k a month from social security and are fine. Generation X was harmed by the baby boomers actions as much as millennials are, just millenilas have just a little bit more time to do something about it. Gen X is just going to be crushed regardless because they were denied the ability to save + the ability to own a home by the baby boomers in addition to the time needed to prepare.
Baby Boomers 1946 and 1964 = Already receiving social security and are fine.
Generation X 1965 and 1980 = Completely screwed
Millennials 1981–1996 =Completely Screwed
Zoomers 1996- =Completely Screwed
We are just hurting all the people the Baby Boomers already hurt even worse by letting it fail because Gen X and Millennials have ALREADY been paying in their entire lives thus far and then the government will still legally owe them the money but will not have it to pay them when they are owed. Currently, it is all the savings Gen X and Millenials even have right now at all.