Retirement: A third have less than $1,000 put away

Bonestorm said:
I don't know what the fuck you're talking about, SF.
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I would say he is alluding to the Social Security scheme; where people are compelled to contribute to their retirement pensions, and the government spends their contributions on whatever they please.

Then when it is time to collect on the pension, the government has to fleece other compelled participants in the Ponzi scheme.
 
Bonestorm said:
I don't know what the fuck you're talking about, SF.
Click to expand...

I would say he is alluding to the Social Security scheme; where people are compelled to contribute to their retirement pensions, and the government spends their contributions on whatever they please.

Then when it is time to collect on the pension, the government has to fleece other compelled participants in the Ponzi scheme.
 
Superfreak said:
Where do think the pension money comes from? It is a part of their compensation package. So instead of giving them the option of using the 401k, you instead take the money from salary and use towards a pension.
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I choked on the "forcefully" part. It was a weird word choice, usually reserved for people bitching about taxes and such. And, yes, I think the government should incentivize firms using defined benefit pensions as opposed to defined contribution 401ks.
 
Taft2016 said:
I would say he is alluding to the Social Security scheme; where people are compelled to contribute to their retirement pensions, and the government spends their contributions on whatever they please.

Then when it is time to collect on the pension, the government has to fleece other compelled participants in the Ponzi scheme.
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A tip, my good man: let other people explain what they mean.
 
Bonestorm said:
I choked on the "forcefully" part. It was a weird word choice, usually reserved for people bitching about taxes and such. And, yes, I think the government should incentivize firms using defined benefit pensions as opposed to defined contribution 401ks.
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I am not surprised you didn't realize that is how a pension system works.

So you see the continued failures of pensions and you think the government should incentivize more companies to use them... great plan.
 
Dung, how do you see defined pensions working in today's more global fast paced environment where workers tend to stay for far shorter periods of time with one company than previous generations?
 
cawacko said:
Dung, how do you see defined pensions working in today's more global fast paced environment where workers tend to stay for far shorter periods of time with one company than previous generations?
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transferable pensions.

or an extended SS program
 
the wealthy interests make more profits in a boom and bust economy.

they like things all fucked up for the little guy.

Its the republican plan
 
cawacko said:
Dung, how do you see defined pensions working in today's more global fast paced environment where workers tend to stay for far shorter periods of time with one company than previous generations?
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It's a problem but there are solutions, including cash out provisions and the like. But it's not like traditional defined-benefit pensions are coming back any time soon so it's rather academic.
 
Truth Detector said:
Thats a fascinating claim considering the fact that we have seen the highest deficits in our nations history while the stock market has hit all time irrational record highs with no end in sight.

How does that fit into your pretty simple equation, dunce?

I'm also amused that you think there is a connection between what happens on Wallstreet, and job creation.
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That's the best.
 
evince said:
dear lying sack of shit.


You and your ideas have already failed this country twice in one lifetime.

when will you face you back failed ideas?
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again retard... the downturn of the markets began in 2000... CLINTON was president at the time

again retard... the second downturn was in large part due to Glass Steagall being repealed... Clinton was the President that repealed it.
 
Truth Detector said:
I am all eyes to see you tie Wallstreet market movements to job creation. Go for it.

:thisisgettinggood:
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The 1990's are on the line. Oh - look! It's a conference line, and the 1980's have joined as well.

Mid-way through the call, we can switch to how inextricably linked Wall Street is to jobs, and get 2008 on the line.

I mean - it's preposterous to even suggest that Wall St. & Main St. aren't vitally connected. I don't know how stupid or ill-informed you'd have to be to even allege that.
 
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