RE: Raising the Retirement Age

[Michael Jones <powderfinger99@yahoo.com>]

<<<
Why not boost it to 69 or
70, effective in the years 2040 and beyond.
>>>

It's quite ironic that under a private system with accounts
holding real assets, longevity is desirable! The longer the
accounts are held, the more the account grows through the magic
of compounding.

Why would you force new workers to pay the high payroll tax for
perhaps 50 years, only to reduce the benefit at the end. 50 years
of compounding would make even a minimum wage worker rich.

Michael