Ken Langone: Paul Krugman Wrong, We're Stealing From Young

[@AISlopForHumans]

This dude speaks the truth. Thank you.

[@drakekoefoed1642]

Some young people say the people who are collecting social security are living off their tax money. In the first place, it is actually forced savings, and they are living off their own. If there is not enough, look at how congress has borrowed that money for other things. If they borrow it and the loan comes due, you cannot blame the involuntary lender for that. More importantly, these people resent older people for being able to live after they are no longer able to work. Yet they type their resentments on computers designed by retired people, powered by the electric grids retired people built and delivered on the highways and bridges retired people built while they enjoy an education retired people paid for which they got in schools retired people built on textbooks written by retired people. Their food comes from farms built by retired people along with the equipment that frees the young from the harsh life retired people lived building it all. They post their email and twitter rants on internet, where a system of computers relays messages around the world. They wear clothes made with minimal amounts of labor on complex automatic machinery and have machines to wash clothes, dishes, and their ungrateful backsides, all made by retired people, in a country that would not be here but for the sacrifices of retired people and their comrades who did not live to retire.

[@unclestinky6388]

Congress has not borrowed money from SS for other things. SS is not, nor ever was, like a pension fund. The excess money from SS taxes has always gone into the general fund and the general fund issues non-marketable bonds back to the SS trust fund. That is the way it has always worked. To quote, " There is no cash in the Social Security trust fund, and there never has been any."

[@boweevil6442]

Uncle Stinky When congress spent money on things other than the welfare of retirees who were forced to pay into the system it failed it duty to those people .

[@abc-jq4hi]

1. Retired people didn't pay in enough. 2. Retirees typically receive more money from Social Security and Medicare than they paid in. 3. Young people currently paying income & pay roll taxes to fund these entitlement programs didn't vote the congresses in over the last 40 years. 4. We also didn't vote for borrowing money from any fund for other things. 5. Retired people didn't pay for millennial's college, the average student loan debt is $28,650. This is why young people aren't getting married, buying homes, or having children until they are well into their 30s. 6. in 1945 there were 42 workers paying for every 1 beneficiary of S.S. and in 2018 there were only 2.8 workers paying for every 1 beneficiary. 7. The United States has a current debt of 22 Trillion dollars, in addition to 16.8 Trillion & 42.3 Trillion in unfunded future obligations towards S.S. and Medicare respectively.

[@janetmack7269]

Defence Budget

[@larry1824]

Guys who wear white shirts can't possibly be scumbag criminals 😅😅😅😅😅

[@JohnDoe-zj6xf]

Didn't understand what he was saying? Can anyone explain in simple terms.

[@lydiabrownse1535]

Well, sugar and unhealthy, nonessential junk foods should be more expensive to help people make healthier choices

[@winomaster]

When people talk about austerity, they seldom think in terms of unwinding the various levels of corruption in our economy. Trump needs to think in terms of unwinding all the agriculture subsidies, the oil depletion allowance, etc and then unwinding all the Federal worker retirement boondogles, the teachers union, the state workers that have sweetheart deals. We need to rationalize everything.

[@danielarturo3623]

more relevant than ever

[@eddieleo2170]

He pays full time Home Depot workers 1800 a month. Great Guy! A real man of the people!

[@dmur612]

Eddie Leo I gotta ask you Eddie. If you owned a business selling lumber and hardware that required customer service personnel to point in the direction of the isle that lumber or nails, a skill that can be taught/ learned inside of a month that didn’t require any college qualifications. and all of your competitors were paying their people in the same positions $10-12/Hour, would you still pay them a $15-20/Hour or a “living wage” just because they thought they deserved it? Please think about this before you answer...

[@meetMr7]

Yes I would.

[@eddieleo2170]

I thought about it. My first assistant made 20/yr back in 83. She was 21. I was a junior exec at a major entertainment company. She had full benefits on hire and a pension plan vested in 5 years. We never heard of these part-time, half-in jobs either. Thanks for your reply. I appreciate hearing your opinion. I hope you will think my position over too. Happy Holidays Mr Murray.

[@dmur612]

meetMr7 Then you would not be in business very long. In fact, with all due respect, it may well be the reason you don’t own such a business. The great thing about capitalism is how the system tirelessly forces maximum efficiency, which drives the cost of products down while simultaneously driving the quality and functionality up. Which benefits the provider AND consumer. The problem with capitalism is that it requires ALL competing parties involved to work HARDER AND SMARTER than others to retain their competitive position. In other words, most capitalists love benefits of capitalism but hate the effort needed to achieve those benefits..

[@ricksanchez243]

David Murray - Just because a skill can be learned quickly is NOT reason enough to decide the pay level of a certain job. The fact that you ask such a foolish question without including all the other factors shows why you have never owned a successful business yourself. Lower turn over rate, less defects, better customer service, more efficient employees, better morale etc are just some of the cost factors for a business when considering pay. Many companies such as Costco who pays workers much more than their competition exemplifies that paying workers less does not simply equate to higher profits.

[@vanpage9573]

Thank you. No one in your generation stands up for us, we deeply and truly appreciate your words. We all know very well who/what/where the problems reside, however, no one will let us stand, let us speak, let us get elected, let us prosecute those responsible, let us assemble, nor let us protect constitutional rights. Thank you so much.

[@garyburns8040]

Still relevant today

[@Vtgyvuvyvrcevrv]

Lucid and Brilliant!

[@blkstamp]

His comments are fair, however his conclusion of us being in trouble may be a little of

[@megustavophoto]

He didn’t even address the Krugman quote lol he totally deflected. He just basically said “well he doesn’t own a business and govt has to pay for stuff with taxes.. deficit spending is bad because it just is.. like going on a diet” LOL what a joke.

[@matthewrutters6842]

🤡. You keynsians are boot-lickers.

[@mgsp88]

He is not a dude !

[@BRuane-pw6xq]

This guy sells toilets and is a fucking expert but a Nobel Prize winning Economist is wrong ?

[@chatreesuwannoi9352]

career BIr get. Max back been home Us LA.upper Ail

[@jorgegomez524]

he surely can speak by himself

[@sail1999]

He's got the weight analogy backwards. I wonder what other thing he's got backwards. Capitalism isn't perfect, there's a lot that can be improved.

[@ib5760]

sail1999 Like what? What are your solutions?

[@abc-jq4hi]

"You consume less calories than you burn and you lose weight. You consume more calories than you burn and you gain weight." How did we have that wrong? You're an idiot.

[@chatreesuwannoi9352]

From CCUD ZZFW4H GoPAN Been Back FBD2

[@Revolution-tl5wo]

Bahahahahahahahahahaaaa!!! Ok Boomer.

[@SawChaser]

You mean Krugman? He is a boomer. Langone is silent generation.

[@kustomz2001]

Capitalism is dead, get with the program.

[@gayninja4823]

kustomz2001,,,yeah especially if the program is communism,then we can kill a 100 million people as long as it's all those on wellfare,,, you knobhead you've obviously got all the answers.!??.!

there can't be capitalism with a central controlled bank... its socialism.

[@domman1077]

You’re actually an idiot if you think we live in a capitalist society