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Public Pensions are Another Form of Theft

Matthew5 Wrote: Jul 21, 2012 6:08 PM
I pay towards my pension...I pay 9 percent a check and my employer only pays 3 percent. That is why I tell people not to lump all of us together. We are not Union and we don't like the union where I live.
rhanson Wrote: Jul 22, 2012 7:07 AM
The word for people who have two brains to rub together is crazy!
rhanson Wrote: Jul 22, 2012 7:06 AM
The constitution gives people the right to form groups for the redress of greivences. If you don't like our constitution why don't you move to some country where people don't have these rights. A union is a group of people who have formed a organization to seek redress of their greivences.
Torr Wrote: Jul 21, 2012 7:01 PM
Amen! Even though the unions i had to deal with didn't have "collective bargaining rights" (which NO public union should ever have, for reasons that should be blatantly obvious to anyone with two brains to rub together) most of us HATED the imposition they represented on productivity and the freedom to innovate, create and accomplish.

There is a dirty secret about state entitlements that liberals don’t want you to know. The collection of a state pension increases the chances that a pensioner will live in poverty. That’s because money put aside for state-guaranteed benefits can not be safely invested at rates that provide for more than a modest retirement unless the state subsidizes retirement benefits through taxes or if retirement savings are invested in riskier, higher yielding investments. Since governments are loath to raise taxes to subsidize a riskless retirement, benefits are eventually reduced. It works that way in London and Moscow as well as Madison...

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