Your Personal Economy vs. the National Economy
I am in a state of transition in my political views about economic issues. For many years, most of what I wrote and said about national economic matters would have put me squarely in the “fiscal conservative” category. But some of that is changing. I wonder if it is changing for other baby boomers?
And I am willing to pay for it.
This is the biggest change for me. If the government decides that fixing Social Security means eliminating the income limit on Social Security payroll taxes, I can accept that, even though it will cost me more. If Medicare taxes need to increase, I can accept that as well.
Five years ago I would not have said that.
I am also supportive of those aspects of Obamacare that will provide more affordable options for older Americans who have chronic illnesses but may be too young for Medicare.
Today – and at our ages – there seems to be greater interplay between our personal economy and the national economy. I am more focused on the personal economy side of the equation.
Some might label my evolving attitude “selfishness.” I can accept that label. I admit to being increasingly concerned about healthcare for my “self” and my wife’s “self.” I don’t apologize for it. It’s not as though we haven’t spent many years supporting others through the substantial payroll taxes that we have paid.
When it comes time to vote, I will vote for people who also care about my personal economy. This could mean changes and burdens for younger generations. They will adjust. Unlike many of us, they will have time to adjust. My hope is that our government might shrink in other areas so that economic burdens on future generations will be minimized.
Actually, I believe that when it comes to the voting booth, most people pull the “personal economy” levers more often than they do “national economy.” The younger voters want lower taxes above all. Older voters want their support systems preserved. It’s all understandably selfish, at least a little.
Has your attitude about your personal economy vs. national economy also evolved?
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