I think people are going to get rid of Social Security at some point. I own my apartment in Manhattan, but my family is very lucky in that we had an extremely motivated seller in a very underappreciated area, and that I have a good job. The traditional paths to adulthood have been broken by NIMBYs and a complete lack of investment in infrastructure after it was good enough for the Boomers.
Something is going to happen - you can't pull the ladder behind you, keep everyone you don't like out of your neighborhood, and reduce mobility to protect your assets without serious backlash.
>I think people are going to get rid of Social Security at some point.
The propaganda output of 1%'er think tanks has been consistently stating that it's an unaffordable luxury that will bankrupt the nation for 30 odd years.
They have several ulterior motives for saying this. It's not just that they want to free up money for tax cuts -- stripping people of social security benefits also makes them more dependent upon employers, which employers really like.
Wall Street would like to see that multi-trillion dollar pot of money privatized so that they can manage it and cream off fees.
These groups are the ones pushing for social security "reform". They tried pretty hard under Bush (who was willing) and pretty hard under Obama (likewise). Still no dice though - too many votes to be lost still.
Something is going to happen - you can't pull the ladder behind you, keep everyone you don't like out of your neighborhood, and reduce mobility to protect your assets without serious backlash.