I’m not cheating anybody out of anything. As has been said, “They trusted the gov’t” and it was the gov’t that cheated them. (The gov’t also cheated future citizens of the municipality by promising pay down the road under a totally different administration).
...And pensions are not part of wages. I’m all for giving current employees a HIGHER wage if that’s what they deserve from their willing employers in the community. But I’m against signing up future generations for paying pensions for folks that work for me now.
Just my take on it. I’m paying these retirees and they never worked for me. They worked for someone 40 years ago who presumed on me to pay pensions in the next century.
I’m paying these retirees and they never worked for me. They worked for someone 40 years ago who presumed on me to pay pensions in the next century.
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Well said doctor.
sounds like the theory behind reparations.
‘you owe us!’