The Wisdom of Beck: The "Pension Pyramid"

[sKiTzo]

Pensions are paid out in lieu of increased wages during the persons period of working. If you or other people were not going to get a pension they would generally ask for increased wages to compensate for the lost benifits. It is not coming out of current workers wages, but out of the companies revenues and ultimately potential shareholder returns

A most brilliant comeback. A high 5 goes out to the esteemed Lord Tammerlain for not talking out of his anal cavity!

 

[sKiTzo]

That was kind of the idea or ideal a long time ago but that hasn't been true for a long time. Out of control pensions and benefits was one of the big reasons why GM failed. Autoworkers were getting fantastic salaries with large pensions and premium insurance policies on top of that. People and especially unions became very, very selfish when they finally got the power back in the 60's and 70's and tried their best to cash in. None of these people were concerned about future generations of workers. I know this because I used to be in a union and it is amazing how short sighted and ingnorant union leaders were. They don't care about anybody else. Government workers and their benefits are way out of wack with the average worker these days. The same kind of bankruptcy is being set up there too.

Sounds like you're reeeeeaaaachin'! Go sit in the penalty box.

 

[sKiTzo]

You used the words "wisdom" and "Beck" in the same sentence. I still cannot stop laughing over you doing that.

That's funny. You used the word "I" in the same sentence with "wisdom and Beck".

 

[KevinKohler]

It took me 10 seconds to dig up the quote. It took me less time than that to know that I don't have an issue with firemen and policemen having benefits. It took me even less time to laugh at the though of people calling Beck "wise".

Address the issue. That they should have benefits is not on the table...what IS on the table is the sustainability of those benefits, as they currently exist.


Debate, or be gone. Shouldn't a so called "mod" know this?

 

[KevinKohler]

I have been, and I have managed to not be nearly as condescending and insulting as others(you) have been. I have pointed out your double standard on the issue, and pointed out that there is nothing wrong with paying people what they earned. Just because you don't like what I wrote does not mean I am not part of the discussion. You don't determine what the discussion should be any more than I do.

Fine, Maggie has a double standard. You win.



Now.


How do you plan on making the current public employee pension plans sustainable, so that I, the average middle class, 60+ hours a week working stiff, can afford to keep my home, because it'll be ME they look to to bail these retirement plans out, by raising MY mill rate.

 

[KevinKohler]

And then again, maybe not. Maybe you are failing in logic. Maybe picking once expense, and not even the largest, and saying it will bankrupt the city is foolish.

Then right a memo to the Mayor of NYC, and let him know about his foolishness. HE'S the one that said that, not Grim.

 

[KevinKohler]

So I am seeing a recurring theme, in all of these so called class warfare threads, lol. And that is, the workers, or, the employees...want to have an equal cut as the employer. Look at unions, look at pro union people, look at just about anyone with a socialist lean. They want the employees to have equal, or close to equal say, on the means of production as the employer, or owner. They want the employees to have ownership.

This same idea is being applied, right here, right now. Only, in this case, due to public jobs being tax funded, the employers are, well...anyone who is not a public employee. Why is it that public sector workers deserve a better deal than the people paying them? That is, why should they be able to opt out of a deal FORCED on all the rest of us, on penalty of imprisonment, in favor of a deal much much much better, a deal who's funding seems inevitably to fall on the employer's (tax payers) shoulders to pay? How else can such a deal be sustainable, if not by forcing tax payers to fund it? Why should tax payers be forced to pay 9 bucks for every single dollar a public employee pays in, to their retirement fund?

Can anyone answer that?

 

[makmugens]

Ughh...As much as I hate to agree with Glenn Beck I would have to agree with him hear. Pension and Social Security are an area of considerable concern today that will become a problem of considerable proportion in the future. It is a massive burden on our countries federal income.

I think the problem is that, on the surface, it seems like such a good thing helping everyone out.

Damn you, Beck. You made me gag.

 

[Aberration]

A most brilliant comeback. A high 5 goes out to the esteemed Lord Tammerlain for not talking out of his anal cavity!

I thought it prudent to point out that this thread was almost 2 years in the dirt before the above reply was made.