... And right now the most dangerous zombie is probably the claim that rising life expectancy justifies a rise in both the Social Security retirement age and the age of eligibility for Medicare. Even some Democrats — including, according to reports, the president — have seemed susceptible to this argument. But it’s a cruel, foolish idea — cruel in the case of Social Security, foolish in the case of Medicare — and we shouldn’t let it eat our brains. ...
By PAUL KRUGMAN
Published: November 15, 2012
Raising the age requirements for Social Security and Medicare would be a cruel blow to many seniors who are low income and suffer with chronic health conditions. Such an idea should not even be considered. Yes it was considered in places like Greece where the retirement age was 50 in some cases but our retirement age is already high. I believe the highest in the whole industrialized world. Plenty of countries have longer life expectancies then the US. When it comes to those living in poverty and low income, life expectancy is significantly shorter then the average. A better solution is getting rid of the tax cap so high income earners pay the full rate on all their earnings and raising Medicare taxes a full percent or two, right now the Medicare tax is far to low to be sustainable. Yes that will mean the younger generations will have to contribute more to take care of the seniors today and so they themselves will have access to those same benefits in the future. That is what we should do in a civil society take care of the young, old, and disabled who are unable to fully take care of themselves. It has been that way since the beginning of humanity, we are not in this world alone we are all in this world together.