this post was submitted on 23 Sep 2025
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A Boring Dystopia

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BlackRock CEO Larry Fink caused quite a stir when he suggested America could dodge its looming “retirement crisis” by encouraging people to continue working past age 65.

The billionaire, who chairs the world's largest asset management firm, kicked off his 2024 annual letter to shareholders by telling his readers it is “time to rethink retirement.”

He raised the point that more Americans are retiring and their retirements are increasing by length. This, he claims, is having a “massive impact on the country’s retirement system” — specifically the nation’s Social Security coffers, which are quickly running out of money.

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[–] jubilationtcornpone@sh.itjust.works 78 points 3 weeks ago (1 children)

You know what Congress could do instead if they weren't fucking morons? Eliminate the cap on social security taxes. Viola! Crisis averted.

[–] ArgumentativeMonotheist@lemmy.world 34 points 3 weeks ago (1 children)

Morons or enemies to their fellow men?

[–] jubilationtcornpone@sh.itjust.works 19 points 3 weeks ago (1 children)

They're intelligent enough to know that doing shit like this will be to their gain in this world, but not mature enough not to do it (nor do they believe in God and the Day of Judgment). They're not morons, drooling over themselves and thinking 1+1=shoe, they're just bad people. It's an important distinction to make, and the following questions are "who isn't a bad person in the American government?" and "why does my society seem to be okay-enough with all of this?"

[–] joekar1990@lemmy.world 58 points 3 weeks ago (1 children)

The same Larry fink who helped pioneer mortgage backed securities that helped crash the market in 2008?

[–] j5906@feddit.org 20 points 3 weeks ago (1 children)
[–] Zier@fedia.io 52 points 3 weeks ago

Remove the income cap and make the wealthy pay into the system like should always have been doing. This is a made up crisis created by the wealthy.

[–] Rooskie91@discuss.online 42 points 3 weeks ago

How bout we tax his fortune and work less?

[–] makyo@lemmy.world 39 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

With all the productivity gains in the last 50 years we should be working shorter work weeks and retire earlier.

That this discussion is even happening just goes to show how the rich have pulled the wool over our eyes.

[–] droans@midwest.social 7 points 3 weeks ago

That's stupid, that could cut the stock market by a percent or two!

What kind of motion would rather have a better life instead of seeing numbers arbitrarily go up?!

[–] AA5B@lemmy.world 26 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

encouraging people to continue working past age 65.

We already made this adjustment to social security: retirement age is 67. This is just an excuse to pay less to people who are forced to retire for health or job reasons

Speaking as someone who probably can’t afford to retire, I expect my “retirement age” to be whenever ageism catches up so I can no longer get a job

[–] HubertManne@piefed.social 6 points 3 weeks ago (1 children)

I might already be there. Figured it would be till im physically unable to work but who knew jobs would just not be there. Man I was way to optimistic.

[–] shalafi@lemmy.world 2 points 3 weeks ago (1 children)

Might be there as well. Through my 40s I scored two solid sysadmin roles, now I can't score an interview.

[–] partial_accumen@lemmy.world 1 points 3 weeks ago

I don't see many pure sysadmin roles listed anymore. Companies seem to want to squish two or more roles together so we have DevOps roles or SREs.

[–] A_norny_mousse@feddit.org 24 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

TAX. THE. RICH.

Failing that, laugh their silly propositions out of the room.

I don't even know this guy but I want to slap him for his stupid arrogance. You really think we don't see what you're doing there?

[–] some_designer_dude@lemmy.world 4 points 3 weeks ago

I want so much more than to slap billionaires…

[–] SuiXi3D@fedia.io 23 points 3 weeks ago

Bruh, they already are, and they still can't afford rent.

[–] Shotgun_Alice@lemmy.world 19 points 3 weeks ago

So let’s take advice form a billionaire who should choose to retire at any time. I really can’t wait for the class wars to start. I’m tired of this culture war.

[–] avidamoeba@lemmy.ca 19 points 3 weeks ago* (last edited 3 weeks ago)

How bout use the increase in worker productivity to provide for the retired population over the last 50 years? We'll take the remainder for a new welfare state too.

[–] Asafum@feddit.nl 18 points 3 weeks ago

"encourage"

"Work or starve. Your choice."

[–] HootinNHollerin@lemmy.dbzer0.com 18 points 3 weeks ago* (last edited 3 weeks ago)

Throw him in a cage with a large hamster wheel and live stream it while viewers yell through speakers for him to fuckin keep working. Now thats a black mirror episode idea which wouldn’t air, but it would be a fuckin hit

[–] anachronist@midwest.social 14 points 3 weeks ago
[–] DarkAri@lemmy.blahaj.zone 14 points 3 weeks ago

Or you could stop printing trillions of dollars to give to corporations and let people have a sub 40 hour work week so they have kids who aren't economic migrants.

[–] webp@mander.xyz 10 points 3 weeks ago (1 children)

When the average american's lifespan is falling? 🤣

[–] Mouselemming@sh.itjust.works 4 points 3 weeks ago

Hey that's gonna be another savings, let's keep that up! Postponing COVID shots until you're 75 should help with that!

[–] Randomgal@lemmy.ca 8 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

Dont need to pay retirees if the condition for retirement is death. Easy money. Capitalism works.

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[–] commiunism@lemmy.dbzer0.com 7 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

That's what most countries are doing rn, with Denmark or some other """"nordic socialist"""" country recently pushing retirement age to 70 and others talking about it or slowly pushing the age forward as well

[–] DarkAri@lemmy.blahaj.zone 8 points 3 weeks ago (1 children)

It's a giant scam to force people to pay into a retirement that they are going to die before they see. There is like a thousand other ways to fix retirement like, get rid of prescription drug laws and the excessive parents and copyright system.

I know you meant "patents," but filial responsibility laws need to go, too. Adult children should not be expected to foot the bill for their aging parents' inflated medical bills.

[–] AA5B@lemmy.world 3 points 3 weeks ago

Does the us have the safety net programs in place to support that? The social welfare systems supporting a longer healthspan and lifespan?

[–] Kolanaki@pawb.social 5 points 3 weeks ago

"Just work until you die."

[–] Ging@anarchist.nexus 5 points 3 weeks ago (1 children)
[–] Hobbes_Dent@lemmy.world 9 points 3 weeks ago

Betcha it would go over just fine in the USA.

All those jokes about white flags and yet France can actually protest. Or wants to.

[–] l_isqof@lemmy.world 4 points 3 weeks ago (1 children)

He's the CEO, he can just keep working himself until he dies. They run companies by themselves anyway...

[–] this@sh.itjust.works 3 points 3 weeks ago

They certainly get paid like they do

[–] hark@lemmy.world 3 points 3 weeks ago

This asshole should retire from life.

[–] SoftestSapphic@lemmy.world 3 points 3 weeks ago

Someone angry at the NFL should visit their offices

[–] bagsy@lemmy.world 3 points 3 weeks ago

I've got a couple ideas for Larry Fink.....

[–] ODuffer@lemmy.world 2 points 3 weeks ago* (last edited 3 weeks ago)

The UK is moving to 70... The State Pension Age Is Set To Rise To 70 - Meaning Millions In The UK May Have To Work Longer Before Retiring https://share.google/HGtYnhv1hEwIATIN8

[–] jaybone@lemmy.zip 2 points 3 weeks ago (1 children)

Young people are blaming “boomers” (because they don’t know what that actually means)

[–] Flocklesscrow@lemmy.zip 5 points 3 weeks ago (1 children)

Boomers explicitly ushered this reality into existence. The young people are correct.

[–] ShieldsUp@startrek.website 1 points 3 weeks ago (1 children)

The young people will be the new boomer scapegoat soon enough. The latest generations are not immune to propaganda and corruption from politics.

[–] Flocklesscrow@lemmy.zip 5 points 3 weeks ago (2 children)

What scapegoat? The enmity heaped at the feet of Boomers is absolutely deserved.

They voted in the worst people, they took advantage of every social opportunity only to immediately pull up those same ladders behind them, they have collectively had an outsized influence on global politics and economy for 50+ years, and they are still, to this very day, hoarding resources while perched upon corporate and political ladders as implacable barriers to young, fresh leadership. They have collectively defaulted to obsessively focusing on their own material needs and wants, while stripping the futures from a minimum of Millennial (Y) and Z generations. Anecdotally, they are the least empathetic and most gullible of rubes- defiant in their ignorance and arrogant in the face of overwhelming facts.

Obviously not every Boomer is an awful person, but as a cohort they are the worst generation in modern history.

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[–] LemmyKnowsBest@lemmy.world 2 points 3 weeks ago

I'm pretty sure the current retirement age is set at 72. Right?

For far too many people that means work until death. Likelihood of expiring before retirement age.

[–] F_State@midwest.social 1 points 2 weeks ago

They'd be no retirement crisis if the government paid back all the money it borrowed from Social Security. Or if a steady stream of Immigrants came to our country.

[–] EndlessNightmare@reddthat.com 1 points 2 weeks ago

How does technological unemployment (e.g. AI replacing jobs) factor into this?

[–] F_State@midwest.social 1 points 2 weeks ago

They'd be no retirement crisis if the government paid back all the money it borrowed from Social Security. Or if a steady stream of Immigrants came to our country.

[–] F_State@midwest.social 1 points 2 weeks ago

They'd be no retirement crisis if the government paid back all the money it borrowed from Social Security. Or if a steady stream of Immigrants came to our country.

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