I'm retired so that's not the question for me, though I had that question when I hit 62. The question was answered for me when the pregnant lady offered me her seat on the subway. The following week I put in my papers.
The real question is should we retire bad ideas or just let them fester, to knock the life if not the joy in all of us. Deficits are a bad idea, lets retire that one. We live in a deficit world, I don't know many people who bought their homes out right. What would the car industry be like if it wasn't for deficit financing? So lets retire deficit financing is a bad idea.
Let's retire the idea that austerity helps a country pay it's bills. Anybody with any common sense will tell you that taking money away from the people will make them unable to pay there (tax) bills. It also leads to rebellion.
Let's retire the idea raising the retirement age, social security age and medicare age are good ideas. ( See the austerity argument).
One can only guess what life expectancy will be in the future. We can plan that it will go up slightly with a modest increase in taxes. The fact of the matter there might be a great leap in science and the life expectancy will be to 150 or for that matter global temperature change(global warming to some of you) will bring about early death, or for that matter a beguine disease will turn deadly. Lets not think of these economic game changes and just retire the idea that all tax increases are bad for the economy.
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