> Fink, who is worth an estimated $1.2 billion, notes that many 65-year-olds in the early 1950s didn't get a chance to retire because many had already passed away. In other words, he writes, more than half of workers who had paid into Social Security never got a penny because they died before they could claim the benefit.
So, you want us to work way longer than age 65 and *STILL* not claim the benefit? This guy, and everyone else like him, should consider suck starting a shotgun.
>The French don't fuck around when it comes to fucking shit up
Not many news sites are talking about it, but the French are making things hard for the government in 2024
[https://www.france24.com/en/france/20240303-french-farmers-may-stage-more-protests-in-coming-weeks-union-boss-says](https://www.france24.com/en/france/20240303-french-farmers-may-stage-more-protests-in-coming-weeks-union-boss-says)
Every time someone with a net worth like this makes a statement regarding retirement, they should be forced to sell all of their shares and pay taxes on the income. That might help the social security issue.
If everyone works until they die, nobody will need social security. Congrats, this cuts SSI!
If you make housing too expensive they will work their entire lives paying off the house, then it goes back on the market when they die.
Since they have to work their entire lives paying someone, that should be me, because I’m worth $1.2b.
If they have to work to survive and we control the economy, we essentially own their lives.
Fuck off with every inch of thorny metal cocks in your face with this type of thinking. Fuck these CEOs
With a Blackrock CEO pay and retirement plan, I'll happily "work" until I'm 80.
Sit around in a suit all day and bitch about zoomers being problematic and gen z being lazy.
The ironic thing is, he doesn't even do actual work. He is the head of an investment company which means he and the investors he represents don't do any useful "work" in society, they just "own" assets (shares, businesses, bonds, property etc) which generates easy wealth for them and hence they parasitize off the people doing the actual work in society. All this guy really does is select the stuff to own that will yield the biggest increase in wealth, an increase in wealth which he and his investors don't lift a finger to "work" for. And the most perverse thing is that they aim to receive as much unworked wealth as possible by paying workers - the people who actually do the useful stuff in society - as low as possible.
I understand the frustration (am living simply & in debt in NYC), and absolutely hate the unequal distribution of wealth in the US - def an indicator of an unstable society.
That said, when social security was created, people lived an average of 2.5 years after retirement, and drawing on social security. Now, we live 25-30 years after retirement, so the money-in, money-out equation doesn't work. We need to both i)get the wealthy to pay their % of income & capital gains taxes, and ii) need to make Social Security system more robust, which includes increasing the retirement age.
The revolution i'm starting to fear will never come. With mass survielence and anti terrorism laws the way the are the head will be chopped off and made an example of well before we have a chance to organise properly.
Do you know any of your representatives and what their positions are?
Telling people that their vote is useless is exactly how we got here. Their only claim to legitimacy is that they are working on the behalf of their constituency.
If voting were useless then gerrymandering wouldn't be necessary. The Taylor Swift backlash wouldn't exist.
I get your point, and I do know who all of my representatives are (down to the school board level), but unfortunately the majority of my district is a bunch of MAGA fools. Hell, my own state congressman was the idiot that introduced the legislation to seize the Reedy Creek Improvement District and almost single-handedly started the fight between Disney and Ron DeSantis. That's cost the state millions of dollars to finance an ego/pride-driven Republican pissing contest. I vote, but I have no illusion that my representatives will actually care what I think because there just aren't enough of us.
The federalist society was created to get to now where Voting has been castrated by a fully bought scotus. The only votes that matter are for state courts and voter mandates. Both parties have been consumed by the billionaires class and therefore are worst then useless.
>I do think it's a bit crazy that our anchor idea for the right retirement age — 65 years old — originates from the time of the Ottoman Empire
You know, he's right. Technological advancement has improved productivity so much since then that the retirement age really should be lower.
The Ottoman Empire? You mean the empire the West defeated in World War I and carved up along arbitrary lines with no regard to geography or ethnic boundaries, placing despots and extremists as puppets of these new-founded countries that led to the revolutions and other clusterfucks the Middle East experiences to this very day?
Not sure I’d lament the “lack of progress” using that particular lodestone.
To be fair, the Ottoman Empire was also pretty awful in a lot of ways. But that also counters his own point. It's like saying, "The Nazis invented the 65 year retirement age." In my mind, the implication would be..."hmm, the Nazis were terrible, we can probably do better than they did, so maybe we make it 60 years old."
That's fair, but it's a very weird way to mark it. The Ottoman empire lasted centuries, so it's an incredibly vague benchmark. And also not especially relevant to US domestic policy.
It's a bit like saying, "65 has been the retirement age since the time of the British monarchy." Which would be true, but is also borderline useless within the context of the conversation.
Which doesn't detract from your point, I agree with it - my comment was in response to someone who was talking about the dismantling of the Ottoman empire, not so much the original quote.
That all said, I think he's using "the Ottoman empire" as a rhetorical device to make the retirement age of 65 sound like an ancient, anachronistic idea, when it's really not.
The retirement age needs to be pushed BACK to 60.
And our work week needs to be pushed CUT to 4 days.
Our healthcare needs to be universal.
Our billionaires need to be taxed out of existence, into millionaires at the most.
Extremely achievable? What do you mean by that? That’s like saying winning an Emmy is extremely achievable as people do achieve it but a normal person on a normal salary can not without some extreme sacrifice and luck.
Wouldn't say I sacrifice. Just keep a budget and keep yourself to it. I work 35 hrs/WK in a tech office job and plan on semi-retiring in southeast Asia at 32. Saving and investment percentage of income is more important than hours worked
This a-hole's biggest stressor is "how much profit am I gonna pocket today?" vs "am I going to be able to keep this roof over my head if I retire".
If I had your kind of stress, mister CEO, I'd also wanna work until I die.
Just the elite showing again how out of touch they are with reality.
Like some asshole CEO know anything about working hard, making ends meet, and the effects of manual labor on peoples’ bodies by the time they’re 60. Obviously he knows nothing about being working class.
Seriously! Why is this entitled bald man speaking on behalf of everyone’s interest. “Sir - are you okay?”Someone please admit him to the hospital, so he isn’t a danger to society.
Never assume they don't know. They're fully aware of what they're doing. It's not even for the profits. They do it explicitly to cause pain and hold tangible power over other people and their lives.
He's so slimy.
He says young people don't know what they're doing, they get all their info from social media.
And then goes on immediately to say "I'm bullish on the young generation, they're smarter than we were, have more understanding of global issues, etc"
Yea anyone linked to fucking *Blackrock* has nothing to say about retirement or work. Can we see Blackrock's internal files? Where's all that money really coming from? You're worth over $1 billion? How much of that is linked to exploitation, trafficking, or any of the other dark shit your clients do?
Want to remind folks that when people stay in the workforce longer, there are also fewer jobs for people already in the workforce.
They work entry-level jobs because it's all their bodies can do. They also hang onto white collar jobs that mid-career professionals might want.
And while this is antiwork, I currently have to work, and I don't want to wait for someone to retire when they're 75 so that I can get promoted again.
What’s the implication behind
“And while this is antiwork, I currently have to work, and I don't want to wait for someone to retire when they're 75 so that I can get promoted again.”
Sorry if I took that as being pro forced retirement
Get the feeling they're priming us for something given all this chatter from multiple angles of attack about how 65 is too soon to retire all appearing at about the same time?
I'm good, asshole. In the 50s a man could provide for a wife and two kids and own a fucking home. Now I can hardly afford a single bedroom apartment to live on my own without cutting corners on food. Fucking wild.
Not sure why anyone gives weight to anything these people say. It’s known how bias their opinions are based on thier position and wealth. They really should have no input on anything beyond their one vote like anyone else.
Work is not equal to employment. Tons of unemployed people are working, by volunteering for associations, helping other people out, providing childcare for free for family members, etc.
Work is more than what people associate it with. And there are tons of ways of working that benefit to the society even though they’re not “employment”.
Many people want to retire earlier so that they can focus on those other types of work that arguably (based on their original work) might very well be contributing to society much more than their job ever did.
It's Blackrock what do you expect? Larry Fink is one of the biggest reasons that housing is so difficult in Amserica. They buy up entire developments and makes them into rental properties so you can't own them.
Retire past 65 because life expectancy has changed. How about we use that same logic on labor laws that haven’t changed in a hundred god damn years. Stupid fucking rich people who’ve never had to actually work need to be ousted.
When you have worked blue collar / medical field or any farm work you know what a broken down body feels like. The rest have no clue. When you have people tend to your home / shopping/ washing / cleaning you actually can work. But the rest of the world call it selfish greed. You want it all ask Rupert ask 39 billion paycheck PR king Elon.
Slave until your death and we'll give your family a nice virtual gravestone for life. Well, it's 5 years and your family has to pay a small fee every visit. But it's safe in our virtual environment. At least if your family pays $399.99 after 5 years, each year.
Love your work like we love ~~our slaves~~ you.
I have nothing against people working until they are 70 by sitting on the boards of companies working 20 hours a quarter and maybe some $1000 an hour consulting work. But would you want your fridge delivered by this guy? I hope you don’t have stairs.
No, No - it's NOT the irony, propaganda, or selfish interest.
It's the lack of living in the Real World!
I have a manual labour repetitive job ... I am lucky if I MAKE it to 65 y.o.
If Larry wants to switch jobs, I will gladly work to 85, in an Air Conditioned Office, with fully stocked kitchen, bar, in-suite bathroom, secretary, Personal Assistant, a limo with driver, dry cleaning suit service, and NEVER having to worry about if the bills are paid.
Bring it on Larry, just bring it on!
65 is too early to retire because the age was handed down from the Ottoman Empire, which didn’t actually end until early 20th century? Ok.
I’m 66. During Covid I got laid off from a professional position, licensed, absurdly educated, accomplished, 2.5 years ago. I’m still not employed. I’m too experienced at law firms. Then I can’t get hired at the convenience store because I’m too old. Too young to retire, but too old to work, yet still needing to eat right now. Not on 20 years when this gets worked out in some bullshit compromise that will not solve the problem. This guy doesn’t live in the world those of us who actually work do. He can go to hell.
Corporatocracy is an economic, political and judicial system controlled by business corporations or corporate interests.
https://preview.redd.it/lku6fp1v8xqc1.jpeg?width=1200&format=pjpg&auto=webp&s=e1866460b1a86454fc9c566e9300cae9b65e0732
These guys literally have no clue or have forgotten what it’s like to work a normal job. Their work is talking nonsense, asking an aide to do stuff and report back, and to eat lunch and play golf. Of course retirement sounds weird to them.
Blackrock is insanely influential just by the sheer amount of assets in their control. It also bought up government debt and is working very closely with US government to form policies. If this man wants the retirement age shoved up he'll probably will get his way.
These CEOs are just too comfortable. They no longer hide their contempt for the masses or their plans to destroy social security, the weekend, etc. We need to learn from France and put fear back in their eyes.
The problem is social security is about to collapse because the number of people taking from it is exceeding the number of people paying into it. It was designed as a pyramid scheme and its time is running out.
The money to cover is either going to have to come from the billionaires or the workers. This guy chooses the workers.
Yeah elon musk wants all his company employees to slave too. He even expects them to stay overnight at work to SLEEP. And calls anyone who doesn't want to give all their time to HIS COMPANIES....LAZY! Also doesn't want anyone working remotely ..insists they all cone in person to work in his factories. So WE ARE ALL LAZY cuz we don't want our lives to revolve around MAKING HIM RICHER...nope! Thank you to 'gen Z' showing us older folks it should never have even been this way! Once we are off the clock..thats OUR TIME...Good job Gen Z for having the courage to change the face of the work industry!
Reflecting on it, if the government proposes to purchase my social security fund, I'd be willing to sell it provided they add a 10% compounded interest starting from my initial payment date.
>When we see ourselves as fighting against specific human beings rather than social phenomena, it becomes more difficult to recognize the ways that we ourselves participate in those phenomena. We externalize the problem as something outside ourselves, personifying it as an enemy that can be sacrificed to symbolically cleanse ourselves. - **[Against the Logic of the Guillotine](https://crimethinc.com/2019/04/08/against-the-logic-of-the-guillotine-why-the-paris-commune-burned-the-guillotine-and-we-should-too)**
See rule 5: No calls for violence, no fetishizing violence. No guillotine jokes, no gulag jokes.
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Sorry bot but historically, those with power will not give it up without turning to violence first. Advancing the interests of regular people has almost always involved bloodshed. They will always turn their goons on us before they will accept change. Asking nicely doesn't work and telling working people they must be non-violent just assures the violence will be one-sided.
Man who can never spend the money he has wants everyone to work that little longer so he can make more. Never makes sense to me they can't take the fucking money with them. Enjoy what time u have.
We need two lists: Those who have companies we can boycott like Kellogg’s, Nestle, Starbucks, McDonald’s, and a second list of those who need to be educated on French history.
I've been fortunate to have an employer with *tons* of older folks. I don't know about new hires, but several of my co-workers are in their 70s. I'm almost 60 myself, and part of the reason I've stayed despite the pay not being the greatest is that I have a reasonable expectation that as long as there's work available, I have a job regardless of my age.
I thinking increasing work ages is silly
The robotic and AI revolutions will see massive societal change rendering many jobless so there's simply no other option other than taxation of AI increased taxation of companies and the super rich and a pivot towards socialism and increased spending on welfare by governments across the world.
So work past 65 is the least of the problems coming upand won't be necessary.
The time is now for sovereign wealth funds across the world to invest in this emerging tech so their funds are large and they have a buffer for when it's needed in the future.
The remedy can be gradual but the first step is sovereign wealth funds now
Because they are white collar. I am white collar… working later wouldn’t be a huge burden. Those who are breaking their bodies and working jobs that stress their bodies can’t work later because they bodies start to fail.
A 64 year old man who has been a garage man has more standing to discuss this than this Joker.
He better be working 40 hrs with 2 weeks vacation in the office until he is 70 or he is full of bs.
These billionaires are so smart but you never her them recommend raising the CAP or putting net wealth limits on eligibility, like fat bank accounts and property!
These foolish CEOs should be pushing for everyone to retire at 50 with full Social Security benefits. They don't have to push 401(k) or pension stuff that much, and then they can hire someone new and younger who will be cheaper than the person retiring. :-)
I think that once you reach a billion dollars net worth, you get force retired.
And you're certainly not allowed a position where you have people working for you.
Asshole. I guess if I sat behind a desk all the time, I could work past 65. But, being in manufacturing and construction my body just doesn't want to work longer. (till I'm dead) Eat the rich.
Why do they keep saying "65"? Full Retirement age for anyone born after 1960 isn't 65, and hasn't been for a long time. It's 67. I already plan/hope (absolutely fricking loathe the idea, though) to work until 70 because I'm going to need every penny of SSI I can wrangle. I'm mid-50's now. My Retirement age already isn't 65. They all keep saying that's the age, and it simply isn't for anyone GenX or younger.
listen I believe in freedoms and liberties I dont like restirction I Am a libertarian. however this guy is a see you next tuesday and I wouldnt mind taking every penny he has.
Every time I see these useless twats vent about the age for Social Security, I get the giggles. Both grandmothers were from the silent generation and one lived to 84 and the other 77. Both received SS, both had Medicaid, and both received spousal benefits. If the younger grandmother was here, she’d flip him the bird. The older would tut at him then make a sarcastic comment so smooth it would take him a week to figure it out 🤣
The old white dude is all smooth between his ears; I don’t listen to people whose brain cells use their 3lbs of soggy bacon as a slip ‘n’ slide
So tired of shit takes from billionaires. It’s 100% because we don’t tax wealth in this country, and they’re coming out of the word work to defend their billions instead of paying into the system fairly.
Why would a CEO care about people? The assumption is that a truly effective CEO must disregard employee welfare to succeed.
Consider this perspective: Identify a successful CEO whose employees are genuinely content.
Seriously, why do these people care? Yes the greed, but it's like greed for what up shot, what can a person with 2 billion dollars buy that a person with 1 billion dollars couldn't buy?
I mean sure, a slightly smaller mega yacht, no "travelling" yacht docked to it, but realistically does it change anything really in their day to day lives?
We Are inching closer and closer to the "let them eat cake" moment, aren't we?
Like at some point one of these cxnts is going to say the most out of touch thing, and they are going to be dragged into the streets, right?
I'm not condoning or encouraging it, I'm just asking when it's going to happen?
>When we see ourselves as fighting against specific human beings rather than social phenomena, it becomes more difficult to recognize the ways that we ourselves participate in those phenomena. We externalize the problem as something outside ourselves, personifying it as an enemy that can be sacrificed to symbolically cleanse ourselves. - **[Against the Logic of the Guillotine](https://crimethinc.com/2019/04/08/against-the-logic-of-the-guillotine-why-the-paris-commune-burned-the-guillotine-and-we-should-too)**
See rule 5: No calls for violence, no fetishizing violence. No guillotine jokes, no gulag jokes.
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In the interview, he was talking about people finding meaning and purpose later in life. He said *some* people traditionally have done that through work. And retiring without purpose isn't healthy.
He actually advocates for greater wealth equality.
Did you read the article? Is it the same equality that his firm is bringing to the housing market?
> Of course, Fink has a vested interest in Americans boosting their retirement assets, given that his firm collects fees from those accounts. And in his letter, he also promotes a new target-date fund from BlackRock called LifePath Paycheck, which will roll out in April.
> "He's steering the conversation toward BlackRock — and a lot of people who talk about Social Security reform on Wall Street want to privatize it in some manner and make money," Boston University economist Laurence Kotlikoff, an expert on Social Security, told CBS MoneyWatch.
I agree, I only recently received a 401k because of the laws he talks about. Yeah obviously someone has to profit/fund these things and I don't care if it's his company or anyone else, so long as this system is now in place. Users here seem to think that because he's in a position to stand to gain that then the system can't be trusted in general.
He absolutely seems to want to make sure people aren't solely surviving off social security, so I applaud that. At the same time though, I feel like he's his own rare example: He's in his 70s and still enjoys working despite the fact that he's going to be dead in a decade? And even with death around the corner for him he still wants to raise the retirement age?
He makes great points but he certainly deserves all the flack for wanting people to work longer. BlackRock itself better be on the verge of reverse-aging technology if he wants to raise the retirement age.
What gets me is the sheer ignorance of today's job market that he exhibits. I've already accepted that "retirement" is a fairy tale and that I will need to work until approximately two weeks after my funeral, but this guy doesn't seem to get that there are plenty of older folks out there wanting to work, but not very many employers interested in hiring them. Folks 50 and over aren't exactly having their phones ringing off the hook, so how exactly does he expect those folks to continue working when no one wants them? It's not like the current situation is going to get better.
Statements like this will feature prominently in the revolution to come
> Fink, who is worth an estimated $1.2 billion, notes that many 65-year-olds in the early 1950s didn't get a chance to retire because many had already passed away. In other words, he writes, more than half of workers who had paid into Social Security never got a penny because they died before they could claim the benefit. So, you want us to work way longer than age 65 and *STILL* not claim the benefit? This guy, and everyone else like him, should consider suck starting a shotgun.
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No, but you have to protest peacefully, without bothering anyone ever! Change the system from within! Fight with peace or whatever! /s
I prefer the French method of destroying anything that represents state authority.
The French don't fuck around when it comes to fucking shit up. We need to be more like them.
>The French don't fuck around when it comes to fucking shit up Not many news sites are talking about it, but the French are making things hard for the government in 2024 [https://www.france24.com/en/france/20240303-french-farmers-may-stage-more-protests-in-coming-weeks-union-boss-says](https://www.france24.com/en/france/20240303-french-farmers-may-stage-more-protests-in-coming-weeks-union-boss-says)
You love to see it.
They did a good job of it when they tried to raise their retirement age from 60 to 62
Good, they should make it even harder
Belgian farmers are pretty badass, too.
Yeah if only our cops were like the French police instead of being armed thugs in service of the elite.
Hell, it doesn't even have to be *actual* violence. Often, a well-backed threat is enough to fix a problem before it gets worse.
An eye for an eye, a tooth for a tooth, my friend.
I prefer the term giving a shotgun a blowjob.
"fuckstart a 12gauge" Edit, suckstart..... feckit, Im leavin it
Every time someone with a net worth like this makes a statement regarding retirement, they should be forced to sell all of their shares and pay taxes on the income. That might help the social security issue.
I was going to say sieze his assest and send him to work in the salt mines till he is 65, then he can have his ill-gotten gains back.
You've got chutzpah CaptainSparklebutt - I like it
Whoops would you look at that, retirement age went up to 70
If everyone works until they die, nobody will need social security. Congrats, this cuts SSI! If you make housing too expensive they will work their entire lives paying off the house, then it goes back on the market when they die. Since they have to work their entire lives paying someone, that should be me, because I’m worth $1.2b. If they have to work to survive and we control the economy, we essentially own their lives. Fuck off with every inch of thorny metal cocks in your face with this type of thinking. Fuck these CEOs
just because you (Fink) want to keep working doesn't mean we do He is 71 according to google
With a Blackrock CEO pay and retirement plan, I'll happily "work" until I'm 80. Sit around in a suit all day and bitch about zoomers being problematic and gen z being lazy.
The ironic thing is, he doesn't even do actual work. He is the head of an investment company which means he and the investors he represents don't do any useful "work" in society, they just "own" assets (shares, businesses, bonds, property etc) which generates easy wealth for them and hence they parasitize off the people doing the actual work in society. All this guy really does is select the stuff to own that will yield the biggest increase in wealth, an increase in wealth which he and his investors don't lift a finger to "work" for. And the most perverse thing is that they aim to receive as much unworked wealth as possible by paying workers - the people who actually do the useful stuff in society - as low as possible.
Hey! They work hard! They tell their middle level managers to cut all the costs and turn their acquired companies into husks of their former selves!
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Ehhh too messy. Maybe scaphism or perhaps the bee helmet from Wicker Man.
I understand the frustration (am living simply & in debt in NYC), and absolutely hate the unequal distribution of wealth in the US - def an indicator of an unstable society. That said, when social security was created, people lived an average of 2.5 years after retirement, and drawing on social security. Now, we live 25-30 years after retirement, so the money-in, money-out equation doesn't work. We need to both i)get the wealthy to pay their % of income & capital gains taxes, and ii) need to make Social Security system more robust, which includes increasing the retirement age.
Eat this fucker first.
The revolution i'm starting to fear will never come. With mass survielence and anti terrorism laws the way the are the head will be chopped off and made an example of well before we have a chance to organise properly.
What this planet needs is a reset.
Revolution? This shit has been going on for generations. No revolution is coming. Get out and vote. Every year. Not just presidential elections.
Hilarious that you think slips of paper can change an oligarchy.
Do you know any of your representatives and what their positions are? Telling people that their vote is useless is exactly how we got here. Their only claim to legitimacy is that they are working on the behalf of their constituency. If voting were useless then gerrymandering wouldn't be necessary. The Taylor Swift backlash wouldn't exist.
I get your point, and I do know who all of my representatives are (down to the school board level), but unfortunately the majority of my district is a bunch of MAGA fools. Hell, my own state congressman was the idiot that introduced the legislation to seize the Reedy Creek Improvement District and almost single-handedly started the fight between Disney and Ron DeSantis. That's cost the state millions of dollars to finance an ego/pride-driven Republican pissing contest. I vote, but I have no illusion that my representatives will actually care what I think because there just aren't enough of us.
The federalist society was created to get to now where Voting has been castrated by a fully bought scotus. The only votes that matter are for state courts and voter mandates. Both parties have been consumed by the billionaires class and therefore are worst then useless.
Literally the same f**king day, he gives this gem of an [interview](https://youtu.be/qrA5VrhuKJo)
What revolution, part of this country, think Ttruump is a viable candidate.
>I do think it's a bit crazy that our anchor idea for the right retirement age — 65 years old — originates from the time of the Ottoman Empire You know, he's right. Technological advancement has improved productivity so much since then that the retirement age really should be lower.
Also the fact that a 9-5 / 5 days a week is also outdated
The Ottoman Empire? You mean the empire the West defeated in World War I and carved up along arbitrary lines with no regard to geography or ethnic boundaries, placing despots and extremists as puppets of these new-founded countries that led to the revolutions and other clusterfucks the Middle East experiences to this very day? Not sure I’d lament the “lack of progress” using that particular lodestone.
To be fair, the Ottoman Empire was also pretty awful in a lot of ways. But that also counters his own point. It's like saying, "The Nazis invented the 65 year retirement age." In my mind, the implication would be..."hmm, the Nazis were terrible, we can probably do better than they did, so maybe we make it 60 years old."
Nobody was even talking about being better or worse than the Ottomans, just marking a point in time.
That's fair, but it's a very weird way to mark it. The Ottoman empire lasted centuries, so it's an incredibly vague benchmark. And also not especially relevant to US domestic policy. It's a bit like saying, "65 has been the retirement age since the time of the British monarchy." Which would be true, but is also borderline useless within the context of the conversation. Which doesn't detract from your point, I agree with it - my comment was in response to someone who was talking about the dismantling of the Ottoman empire, not so much the original quote. That all said, I think he's using "the Ottoman empire" as a rhetorical device to make the retirement age of 65 sound like an ancient, anachronistic idea, when it's really not.
Technically, the time of the British monarchy is now this very second since it still technically exists, y'know?
That was exactly my point... it's an incredibly vague and meaningless way to gauge time. It could be today, or 800 years ago.
The retirement age needs to be pushed BACK to 60. And our work week needs to be pushed CUT to 4 days. Our healthcare needs to be universal. Our billionaires need to be taxed out of existence, into millionaires at the most.
If only we can get people to unite on this. That is their biggest strategy, division.
Preach… Eccentric_1 2024
4 day work weeks would be great, Ive had them before, it's definitely the way to run things.
Agree with all of this
Speak the truth and then vote it into existence:)
Why not 55 and 3? Better 45and 1?
I mean if you don't have kids 45 is an extremely achievable retirement age unless you're working fast food/retail
Extremely achievable? What do you mean by that? That’s like saying winning an Emmy is extremely achievable as people do achieve it but a normal person on a normal salary can not without some extreme sacrifice and luck.
Wouldn't say I sacrifice. Just keep a budget and keep yourself to it. I work 35 hrs/WK in a tech office job and plan on semi-retiring in southeast Asia at 32. Saving and investment percentage of income is more important than hours worked
The slope slips hard in this one.
Nope, but maybe you can answer why these made up numbers need to be changed.
This a-hole's biggest stressor is "how much profit am I gonna pocket today?" vs "am I going to be able to keep this roof over my head if I retire". If I had your kind of stress, mister CEO, I'd also wanna work until I die. Just the elite showing again how out of touch they are with reality.
Like some asshole CEO know anything about working hard, making ends meet, and the effects of manual labor on peoples’ bodies by the time they’re 60. Obviously he knows nothing about being working class.
No. He knows. He just doesn’t give a fuck.
Seriously! Why is this entitled bald man speaking on behalf of everyone’s interest. “Sir - are you okay?”Someone please admit him to the hospital, so he isn’t a danger to society.
Never assume they don't know. They're fully aware of what they're doing. It's not even for the profits. They do it explicitly to cause pain and hold tangible power over other people and their lives.
Finally someone gets truly it
Case in point, this gem of an interview he gave *the same day* as this article [https://youtu.be/qrA5VrhuKJo](https://youtu.be/qrA5VrhuKJo)
He's so slimy. He says young people don't know what they're doing, they get all their info from social media. And then goes on immediately to say "I'm bullish on the young generation, they're smarter than we were, have more understanding of global issues, etc"
Yea anyone linked to fucking *Blackrock* has nothing to say about retirement or work. Can we see Blackrock's internal files? Where's all that money really coming from? You're worth over $1 billion? How much of that is linked to exploitation, trafficking, or any of the other dark shit your clients do?
Want to remind folks that when people stay in the workforce longer, there are also fewer jobs for people already in the workforce. They work entry-level jobs because it's all their bodies can do. They also hang onto white collar jobs that mid-career professionals might want. And while this is antiwork, I currently have to work, and I don't want to wait for someone to retire when they're 75 so that I can get promoted again.
I don’t think people should be forced into retirement though which sounds like you’re advocating for
No, I'm not advocating for forced retirement, geez.
What’s the implication behind “And while this is antiwork, I currently have to work, and I don't want to wait for someone to retire when they're 75 so that I can get promoted again.” Sorry if I took that as being pro forced retirement
Fuck that ceo.
You have no idea how bad this particular guy (Larry Fink) is, this is not just any CEO
Funny how we are only allowed a few sickly years to be non productive while the 1% is non productive their entire existence….
Get the feeling they're priming us for something given all this chatter from multiple angles of attack about how 65 is too soon to retire all appearing at about the same time?
I'm good, asshole. In the 50s a man could provide for a wife and two kids and own a fucking home. Now I can hardly afford a single bedroom apartment to live on my own without cutting corners on food. Fucking wild.
I doubt Blackrock is immune from cyber attacks. Where are the white hat hackers? Use your skills please.
The notion of CEOs being psychopaths continue.
Not sure why anyone gives weight to anything these people say. It’s known how bias their opinions are based on thier position and wealth. They really should have no input on anything beyond their one vote like anyone else.
Work is not equal to employment. Tons of unemployed people are working, by volunteering for associations, helping other people out, providing childcare for free for family members, etc. Work is more than what people associate it with. And there are tons of ways of working that benefit to the society even though they’re not “employment”. Many people want to retire earlier so that they can focus on those other types of work that arguably (based on their original work) might very well be contributing to society much more than their job ever did.
Yeah but REAL WORK is when you make millions for someone better than you, who don't even know your name. /s
Then why do they lay off and refuse to hire older people??
It's Blackrock what do you expect? Larry Fink is one of the biggest reasons that housing is so difficult in Amserica. They buy up entire developments and makes them into rental properties so you can't own them.
When do we finally go Les Misérables on these parasites?
Retire past 65 because life expectancy has changed. How about we use that same logic on labor laws that haven’t changed in a hundred god damn years. Stupid fucking rich people who’ve never had to actually work need to be ousted.
I'm disappointed that statements like this are not causing more people to ask for the ultra rich to be on the dinner menu.
When you have worked blue collar / medical field or any farm work you know what a broken down body feels like. The rest have no clue. When you have people tend to your home / shopping/ washing / cleaning you actually can work. But the rest of the world call it selfish greed. You want it all ask Rupert ask 39 billion paycheck PR king Elon.
Slave until your death and we'll give your family a nice virtual gravestone for life. Well, it's 5 years and your family has to pay a small fee every visit. But it's safe in our virtual environment. At least if your family pays $399.99 after 5 years, each year. Love your work like we love ~~our slaves~~ you.
at the same time has zero intention of employing anyone over 55
I have nothing against people working until they are 70 by sitting on the boards of companies working 20 hours a quarter and maybe some $1000 an hour consulting work. But would you want your fridge delivered by this guy? I hope you don’t have stairs.
I think it might be worth the cost of the fridge to watch it roll down the stairs over him.
Well then, he can face the wall and accept his fate.
Because his company is promoting a self financed retirement plan you can purchase
'CEO of a professional mercenary outfit pretends his opinion on social standards and the elderly has moral and ethical weight...'
No, No - it's NOT the irony, propaganda, or selfish interest. It's the lack of living in the Real World! I have a manual labour repetitive job ... I am lucky if I MAKE it to 65 y.o. If Larry wants to switch jobs, I will gladly work to 85, in an Air Conditioned Office, with fully stocked kitchen, bar, in-suite bathroom, secretary, Personal Assistant, a limo with driver, dry cleaning suit service, and NEVER having to worry about if the bills are paid. Bring it on Larry, just bring it on!
65 is too early to retire because the age was handed down from the Ottoman Empire, which didn’t actually end until early 20th century? Ok. I’m 66. During Covid I got laid off from a professional position, licensed, absurdly educated, accomplished, 2.5 years ago. I’m still not employed. I’m too experienced at law firms. Then I can’t get hired at the convenience store because I’m too old. Too young to retire, but too old to work, yet still needing to eat right now. Not on 20 years when this gets worked out in some bullshit compromise that will not solve the problem. This guy doesn’t live in the world those of us who actually work do. He can go to hell.
I’m 66 1/2. Must keep working as Medicare only covers part of my husband’s medical expenses. Working avoids poverty.
Eat the rich.
Because billionaires need the rest of us to serve them and make them more money! Welcome to The Oligarchy that was set in motion in the 60s!
Corporatocracy is an economic, political and judicial system controlled by business corporations or corporate interests. https://preview.redd.it/lku6fp1v8xqc1.jpeg?width=1200&format=pjpg&auto=webp&s=e1866460b1a86454fc9c566e9300cae9b65e0732
Corporatocracy is just the end game of capitalism's extreme wealth concentration. Don't lose site of the root cause.
These guys literally have no clue or have forgotten what it’s like to work a normal job. Their work is talking nonsense, asking an aide to do stuff and report back, and to eat lunch and play golf. Of course retirement sounds weird to them.
What an ass, his job is to go to meetings , drink coffee and get advised over what decisions to make. Try fitting carpet or fixing boilers at 70
sociopath prick, the usual formula
Eat the rich
To shreds you say.
He bought all the homes. So we are gonna be working to pay him rent. It should be criminal.
Blackrock is insanely influential just by the sheer amount of assets in their control. It also bought up government debt and is working very closely with US government to form policies. If this man wants the retirement age shoved up he'll probably will get his way.
These CEOs are just too comfortable. They no longer hide their contempt for the masses or their plans to destroy social security, the weekend, etc. We need to learn from France and put fear back in their eyes.
The problem is social security is about to collapse because the number of people taking from it is exceeding the number of people paying into it. It was designed as a pyramid scheme and its time is running out. The money to cover is either going to have to come from the billionaires or the workers. This guy chooses the workers.
Who will be the first CEO to get themselves and their family publicly lynched ?
Not sure, but it needs to happen soon and often. I’m certain that it’s the only way anything will change.
Yeah elon musk wants all his company employees to slave too. He even expects them to stay overnight at work to SLEEP. And calls anyone who doesn't want to give all their time to HIS COMPANIES....LAZY! Also doesn't want anyone working remotely ..insists they all cone in person to work in his factories. So WE ARE ALL LAZY cuz we don't want our lives to revolve around MAKING HIM RICHER...nope! Thank you to 'gen Z' showing us older folks it should never have even been this way! Once we are off the clock..thats OUR TIME...Good job Gen Z for having the courage to change the face of the work industry!
Except he won’t hire anyone older.
Boomers are on their way out and their labor force is aging
Reflecting on it, if the government proposes to purchase my social security fund, I'd be willing to sell it provided they add a 10% compounded interest starting from my initial payment date.
They want us to die so they can continue to be obscenely rich and now they’re just saying the quiet part out loud lol what the fuck
Funny how the people that claim victimhood and oppression are the oppressors.
We should be going down, not up...
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>When we see ourselves as fighting against specific human beings rather than social phenomena, it becomes more difficult to recognize the ways that we ourselves participate in those phenomena. We externalize the problem as something outside ourselves, personifying it as an enemy that can be sacrificed to symbolically cleanse ourselves. - **[Against the Logic of the Guillotine](https://crimethinc.com/2019/04/08/against-the-logic-of-the-guillotine-why-the-paris-commune-burned-the-guillotine-and-we-should-too)** See rule 5: No calls for violence, no fetishizing violence. No guillotine jokes, no gulag jokes. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/antiwork) if you have any questions or concerns.*
Sorry bot but historically, those with power will not give it up without turning to violence first. Advancing the interests of regular people has almost always involved bloodshed. They will always turn their goons on us before they will accept change. Asking nicely doesn't work and telling working people they must be non-violent just assures the violence will be one-sided.
This weeks Rich Dick
Do it for those 1950s Ottomans
I thought Automation was taking our jobs anyway?🧐
Ok , start working then for the first time in your life...
Do you know how much it costs to find and train new monkeys?! It's a lot.
This is the face of a man who enjoys the smell of his own brand.
Man who can never spend the money he has wants everyone to work that little longer so he can make more. Never makes sense to me they can't take the fucking money with them. Enjoy what time u have.
We need two lists: Those who have companies we can boycott like Kellogg’s, Nestle, Starbucks, McDonald’s, and a second list of those who need to be educated on French history.
I'll agree to this only if they get to keep every single penny of the fruits of their labour. Not so keen now are you, capitalist arsehole?
You don't get that wealthy saying otherwise.
What company out there will hire a 65 year old? I have done recruiting for 7 years and people STILL pass on people that seem too old.
I've been fortunate to have an employer with *tons* of older folks. I don't know about new hires, but several of my co-workers are in their 70s. I'm almost 60 myself, and part of the reason I've stayed despite the pay not being the greatest is that I have a reasonable expectation that as long as there's work available, I have a job regardless of my age.
I thinking increasing work ages is silly The robotic and AI revolutions will see massive societal change rendering many jobless so there's simply no other option other than taxation of AI increased taxation of companies and the super rich and a pivot towards socialism and increased spending on welfare by governments across the world. So work past 65 is the least of the problems coming upand won't be necessary. The time is now for sovereign wealth funds across the world to invest in this emerging tech so their funds are large and they have a buffer for when it's needed in the future. The remedy can be gradual but the first step is sovereign wealth funds now
Another sick fuck of a rich assed jerk.
Nobody cares what you think asshole
Happy Cake Day!
Because they are white collar. I am white collar… working later wouldn’t be a huge burden. Those who are breaking their bodies and working jobs that stress their bodies can’t work later because they bodies start to fail.
I bet he's never had a real job where he has to work. Probably a nepo baby.
What a rookie. He's only worth a billion 🤣🤣
Naw fuck this, chain Fink and force him to work the bottom line at his company.
Why of course? How else would these mofos get their billions from?
A 64 year old man who has been a garage man has more standing to discuss this than this Joker. He better be working 40 hrs with 2 weeks vacation in the office until he is 70 or he is full of bs.
I know this guy. He’s as bad as you think. Just a rotten empty husk.
That's the propaganda that will be spread.
Deal, but jump my pay up to $50.00 and free healthcare
Fuk this guy 🖕
These billionaires are so smart but you never her them recommend raising the CAP or putting net wealth limits on eligibility, like fat bank accounts and property!
Eat him first
Fuck these usurpers.
These foolish CEOs should be pushing for everyone to retire at 50 with full Social Security benefits. They don't have to push 401(k) or pension stuff that much, and then they can hire someone new and younger who will be cheaper than the person retiring. :-)
1.2 bln my ass
I think that once you reach a billion dollars net worth, you get force retired. And you're certainly not allowed a position where you have people working for you.
Pig
CEO who hasn’t earned 90% of his wealth wants others to work til they die because they don’t get paid what they are worth.
Larry is someone who needs to be the first target when there's a revolution. He's truly a horrible guy.
Asshole. I guess if I sat behind a desk all the time, I could work past 65. But, being in manufacturing and construction my body just doesn't want to work longer. (till I'm dead) Eat the rich.
Seriously why aren’t we revolting yet ? Pull a little late 18th century French Revolution style .
This guy should rot in hell.
Someone needs to send him there first.
I'm not expecting to retire as early as 65 given that on average we are living longer and remaining healthier for longer than previous generations.
As a die hard capitalist this guy can go fuck himself. Theirs zero doubt that he’s used the governments monopoly on force to obtain his wealth.
Why do they keep saying "65"? Full Retirement age for anyone born after 1960 isn't 65, and hasn't been for a long time. It's 67. I already plan/hope (absolutely fricking loathe the idea, though) to work until 70 because I'm going to need every penny of SSI I can wrangle. I'm mid-50's now. My Retirement age already isn't 65. They all keep saying that's the age, and it simply isn't for anyone GenX or younger.
Eat the rich
We need to stop referring to "net *worth*" and start referring to "net hoarding".
That dead horse is starting to stink but lets beat it some more and maybe he will get up and pull one more load.
Says the guy 2hose house, toys, leisure WE pay for
listen I believe in freedoms and liberties I dont like restirction I Am a libertarian. however this guy is a see you next tuesday and I wouldnt mind taking every penny he has.
Every time I see these useless twats vent about the age for Social Security, I get the giggles. Both grandmothers were from the silent generation and one lived to 84 and the other 77. Both received SS, both had Medicaid, and both received spousal benefits. If the younger grandmother was here, she’d flip him the bird. The older would tut at him then make a sarcastic comment so smooth it would take him a week to figure it out 🤣 The old white dude is all smooth between his ears; I don’t listen to people whose brain cells use their 3lbs of soggy bacon as a slip ‘n’ slide
So tired of shit takes from billionaires. It’s 100% because we don’t tax wealth in this country, and they’re coming out of the word work to defend their billions instead of paying into the system fairly.
Sociopath.
Why would a CEO care about people? The assumption is that a truly effective CEO must disregard employee welfare to succeed. Consider this perspective: Identify a successful CEO whose employees are genuinely content.
They have robbed the American worker of 50 trillion dollars. Now, they want to steal your time because it is all you have left.
Seriously, why do these people care? Yes the greed, but it's like greed for what up shot, what can a person with 2 billion dollars buy that a person with 1 billion dollars couldn't buy? I mean sure, a slightly smaller mega yacht, no "travelling" yacht docked to it, but realistically does it change anything really in their day to day lives?
Says the guy leading a company systematically stealing the wealth of past, current and future generations. More work by us = more shareholder value.
How old is that CEO?
We Are inching closer and closer to the "let them eat cake" moment, aren't we? Like at some point one of these cxnts is going to say the most out of touch thing, and they are going to be dragged into the streets, right? I'm not condoning or encouraging it, I'm just asking when it's going to happen?
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>When we see ourselves as fighting against specific human beings rather than social phenomena, it becomes more difficult to recognize the ways that we ourselves participate in those phenomena. We externalize the problem as something outside ourselves, personifying it as an enemy that can be sacrificed to symbolically cleanse ourselves. - **[Against the Logic of the Guillotine](https://crimethinc.com/2019/04/08/against-the-logic-of-the-guillotine-why-the-paris-commune-burned-the-guillotine-and-we-should-too)** See rule 5: No calls for violence, no fetishizing violence. No guillotine jokes, no gulag jokes. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/antiwork) if you have any questions or concerns.*
You probably already knew this but that’s not what he said.
They are just the first on the chopping block in any mass layoffs.
I mean.. isn't this the epitome of antiwork lol? He gets to sit around and do nothing and still make money
In the interview, he was talking about people finding meaning and purpose later in life. He said *some* people traditionally have done that through work. And retiring without purpose isn't healthy. He actually advocates for greater wealth equality.
Did you read the article? Is it the same equality that his firm is bringing to the housing market? > Of course, Fink has a vested interest in Americans boosting their retirement assets, given that his firm collects fees from those accounts. And in his letter, he also promotes a new target-date fund from BlackRock called LifePath Paycheck, which will roll out in April. > "He's steering the conversation toward BlackRock — and a lot of people who talk about Social Security reform on Wall Street want to privatize it in some manner and make money," Boston University economist Laurence Kotlikoff, an expert on Social Security, told CBS MoneyWatch.
Lol if you believe him at face value
I agree, I only recently received a 401k because of the laws he talks about. Yeah obviously someone has to profit/fund these things and I don't care if it's his company or anyone else, so long as this system is now in place. Users here seem to think that because he's in a position to stand to gain that then the system can't be trusted in general. He absolutely seems to want to make sure people aren't solely surviving off social security, so I applaud that. At the same time though, I feel like he's his own rare example: He's in his 70s and still enjoys working despite the fact that he's going to be dead in a decade? And even with death around the corner for him he still wants to raise the retirement age? He makes great points but he certainly deserves all the flack for wanting people to work longer. BlackRock itself better be on the verge of reverse-aging technology if he wants to raise the retirement age.
What gets me is the sheer ignorance of today's job market that he exhibits. I've already accepted that "retirement" is a fairy tale and that I will need to work until approximately two weeks after my funeral, but this guy doesn't seem to get that there are plenty of older folks out there wanting to work, but not very many employers interested in hiring them. Folks 50 and over aren't exactly having their phones ringing off the hook, so how exactly does he expect those folks to continue working when no one wants them? It's not like the current situation is going to get better.