My brother retired from Goodyear many years ago. He was always in a group that they called the Top 10 Supervisors Club. He was good at what he did. But, after he retired he found out that Goodyear did not keep their promises of his retirement and how much they were putting in a retirement system for him. He got royally screwed. They once again closed the Goodyear plan in Gadsden, Alabama, about 30 miles from my home. The jobs went to MEXICO!!! where they are paying like $7.00 an hour and no retirement, which would have been crap anyway. My brother is now 82 years old and had only one retirement, his 401k plan and Social Security. He got screwed out of the rest by the Goodyear now-closed Gadsden plant.
Pretty much describes Corporate America.
I am not a lib, but I learned very early: Don’t trust corporations; they are not people. They are “things.”
I am a capitalist—but not because I worked for someone else. I worked for myself.
The absolute worst invention of the 20th century was the 401(k). It turned mutual fund managers into some of the most powerful people in the world. And it turned corporations into puppets of wall street analysts.