General Discussion
In reply to the discussion: Ezra Klein: Why rich guys want to raise the retirement age [View all]The Wizard
(12,536 posts)Blankfein's nuts so hard they end up touching his tonsils.
It's all about cheap labor. When people retire they create a job opening. High unemployment creates downward pressure on the job market causing labor to accept less for services rendered and thus increasing the bottom line profits which get translated into upper management bonuses.
I see guillotines and head baskets and scaffolds in Wall Street's future. And believe me, once the heads are rolling the execs will be begging the working class, "Take my money, please."
Unless the wealthy elites start spreading the wealth the consequences will be unfathomable.
Anyone who can position themselves to retire early should do so. They don't sell time at the corner store. Once it's gone..........