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To: Tolerance Sucks Rocks
This isn't about capitalism. It's about pension funds. P-E-N-S-I-O-N F-U-N-D-S.

What do you think pension funds are? Cradle-to-the-grave socialism?

Chickens are coming home to roost, that's all.

25 posted on 06/24/2006 10:56:49 AM PDT by Extremely Extreme Extremist
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To: Extremely Extreme Extremist
What do you think pension funds are? Cradle-to-the-grave socialism?

I always thought pension funds were part of the total compensation package – a postponed paycheck.
62 posted on 06/24/2006 3:29:34 PM PDT by R. Scott (Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink)
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To: Extremely Extreme Extremist
What do you think pension funds are? Cradle-to-the-grave socialism?

Chickens are coming home to roost, that's all.

I don't think they're cradle-to-grave socialism. At the percentage rates they're paid out to rank-and-file workers, they shouldn't be considered as such.

If I were running a company, I wouldn't even have pensions. Assets that don't go into pensions are thus available for expanding the company, seeking out new markets, hiring needed employees, etc.

I'd have a good 401(k) or other savings plan that any worker or CEO could contribute to with whatever amount he saw fit. I'd also lobby for lower individual and corporate taxes so that the rank-and-file could afford to contribute to these plans. Socialist Insecurity will not be enough in the future, I'm sure.

If my company did do pensions, however, you can rest assured that I wouldn't indulge in screwing over the rank-and-file workers so that I could enrich my own retirement with impunity. So there.

85 posted on 06/25/2006 10:12:39 AM PDT by Tolerance Sucks Rocks (One flag--American. One language--English. One allegiance--to America!)
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