FOUR MORE YEARS

[Urbane Guerrilla]

"Pay Their Fair Share" is codespeak -- obfuscation if you'd rather -- for "legalize stealing it." It's an unsustainable shame. It will come to a bad end. Like as not, it will kill your pension as it does.

[richlevy]

Originally Posted by Urbane Guerrilla

"Pay Their Fair Share" is codespeak -- obfuscation if you'd rather -- for "legalize stealing it." It's an unsustainable shame. It will come to a bad end. Like as not, it will kill your pension as it does.

And the wealthy are so good at protecting pensions as it is. One theme has emerged over the past few decades, and that is leveraged buy outs where companies like Bain loot companies and this guy, leaving behind underfunded pension plans. The result is that a government agency has to take up the slack.

http://en.wikipedia.org/wiki/Pension...ty_Corporation

During fiscal year 2010, the PBGC paid $5.6 billion in benefits to participants of failed pension plans. That year, 147 pension plans failed, and the PBGC's deficit increased 4.5 percent to $23 billion. The PBGC has a total of $102.5 billion in obligations and $79.5 billion in assets.[3]

[SamIam]

Originally Posted by Urbane Guerrilla

"Pay Their Fair Share" is codespeak -- obfuscation if you'd rather -- for "legalize stealing it." It's an unsustainable shame. It will come to a bad end. Like as not, it will kill your pension as it does.

I count the days until you decide to grace the Cellar with one of your pithy comments again. It's always interesting to hear from one of the primodial ooze contingent.

So, if I understand you correctly, if the upper 2% in wealth have to pay taxes at the same rate as they did during the Clinton era, they will retaliate by cannibalizing the pensions of everyone else in the country.

I hate to be the one to inform you of this, but corporations and businesses are doing this already. At the same time, people like the head of Goldman Sachs are trying to raise the age to 70 at which people can apply for Social Security. Given that sort of attitude, I doubt if him and his buddies are in favor of seeing anyone get any sort of retirement fund to see them through their final years.

If you're so damned worried about your retirement fund, how do you think it would fare under a Republican administration which is opposed to any kind of government regulation in regard to pension funds or anything else some CEO might get it in his head to do?

As far as corporate America is concerned, businesses should be allowed to solve the retirement thing by just taking all its employees over age 60 and dropping them out a window on the 44th floor of corporate headquarters. Helps with the bottom line, you know?

[Trilby]

Originally Posted by SamIam

It's always interesting to hear from one of the primodial ooze contingent.

that's a great line, Sam.

it's going in the book.

[Stormieweather]

Kill your pension?

You mean like Hostess, who took it's employees self-funded pension fund and spent it? While the executives gave themselves insane pay increases and bonuses? Fair like that?

Pensions

Executive pay/bonuses