<snip>..sorry it was becoming too long to quote
How the fuck do you write so much ?
Not complaining as I post like a mofo but not with the precise writing that you try to do.
I tend to write like James Joyce just let it rip.
Stream of consciousness style.
I have a USA based theory of why the gov does these games with interest.
I base it on the Long Island railroad retirement system.
see below:
My step dad is 90 years old.
He worked for the Long Island Railroad from the age of 22 to 52
he has been in retirement for 38 years. 8 years longer than he worked.
his son my stepbrother is 60
he got a job in 1984 or 1985 with the long Island railroad he was 22 or 23.
He retired at 55 he is on pension for 7 years.
his son is 25 he is working at the Long Island railroad for 3 years.
The model above does not work cannot work if every family in the USA was setup the way they are it all falls apart.
So the feds play pendulum with war ,interest rates ,unemployment . In an effort to keep it all from imploding.
Now I would argue it has not fully imploded since 1929-1939 which they fixed with WWII.
I am hoping they avoid the next full implosion better than they did back then.
We will have a much better idea by 2024 Nov just how fucked the USA will be.
You are definitely on to something here.
Soc sec is 20 tril "in the hole", yet more than 50% seniors depend on it and they paid into it...calling it a "benefit' is a bit disingenuous.
I have no idea how they will "fix" this.
At least soc sec has COLA, many regular pensions don't have it, so payment streams slowly dwindle (in value).
Peeps would have to think hard how to finance their potential longevity and bitcoin should be a big part of that.
For those who are interested, here is something about some US states attitude toward educators:
1. You cannot bargain for salary/benefits increase through work stoppage (by law).
2. You cannot pay into social security. Instead, you are obligated to pay to a pension fund, which does not provide COLA (cost of living adjustment).
3. Once you get that pension, you are being deducted half of the pension yearly amount from your soc sec (called WEP). Some complicated rules might make it less expensive, but you need to clock more than 30 years outside to be free of the WEP.
For some, it probably wipes out their social security entirely.
4. My state is 49th in both salary and benefits for educators, but see point#1. It's not that i complain about the situation, it's the fact that, unless you leave education altogether, you cannot change your situation and once you logged 5 years in education, you cannot prevent that value subtraction.
You can ask: why bother to work in education?
My personal answer is:
For most part, I didn't, but my work career is coming to a close (I hope to decide this on my own, though), so it does not matter much, I am just commenting on the situation.
In addition: my IRAs and bitcoin would, hopefully, provide the bulk of the future cash flows.
