Imagine working 40 or 50 years. Working hard. Doing everything right to provide for your family. And your savings is inflated away through no fault of your own.
Jul 7, 2022·edited Jul 7, 2022Liked by SimulationCommander
They are doing this because they are losing the working class vote. Of course, the joke is on them. Not many people in the working class have "pensions" anymore. They rely on social security, 401Ks, and IRAs along with savings. Relatively speaking this move helps no one in the group they need to swing toward them and, at least for me, creates feelings of ill will for two reasons: (1) It reminds me of a time when private employers were good to their employees and offered pensions and didn't send our factory jobs wholesale overseas, and (2) it once again penalizes and ignores the bulk of the middle and working classes, the ones who depend on social security and their own savings and took an active role in making sure they had money during retirement.
Plebs and proles don't need pensions anyway. The Big Guy gets his 10% and the dregs and drones should just work and shop 'til they drop anyway - it's not like they're real people, like the Bidens, the Bushes, the Bezos or the Kochs.
Wonderful the Butch-Lewis bill assists unions cover pension obligations that the Pension Guarantee Fund can't finance via government loans. So where does the money come from to pay those obligations? From the same place we are using to fund Social Security benefits - the taxpayer, except we already spend all those funds. So as companies go bankrupt and can't pay retirement benefits, Butch-Lewis will fix that. Rest assured that we will need to increase taxes well beyond the inflation tax. I suspect benefits will get reduced along the way as well.
We have been spending money we don't have at an unsustainable rate for a long time placing a debt on the future that is certain to arrive soon. Some of us will be badly hurt.
Not so. We chose to not care. Since Gatsby - They were careless people, Tom and Daisy- they smashed up things and creatures and then retreated back into their money or their vast carelessness or whatever it was that kept them together, and let other people clean up the mess they had made.”
Let’s see...have the US taxpayers (through 2051!) bailout a system that failed for a multitude of reasons, but most importantly, don’t make any effort or put in place any requirement(s) to fix the structural issues that caused this problem in the first place! Bravo Brandon - keep those brilliant plans coming! #whydidntithinkofthat #genius #lgb
Jul 7, 2022·edited Jul 7, 2022Liked by SimulationCommander
A pension bailout preserves lasting legacy for our children in the form of crippling taxes and evaporation of the social programs that will necessarily disappear as interest payments on debt exceed our revenue. The good news is this is reason for depopulationists to back off. Otherwise who is going to be around to pay those taxes?
I'm on vacation this week, snd, unfortunately my vacation didn't grow by 10% in the last year, but the way things are going, I'll have to work until I die.
$86 billion bailout to corrupt unions. Competent people don't need unions. Subsidize incompetence and you get more of it.
They are doing this because they are losing the working class vote. Of course, the joke is on them. Not many people in the working class have "pensions" anymore. They rely on social security, 401Ks, and IRAs along with savings. Relatively speaking this move helps no one in the group they need to swing toward them and, at least for me, creates feelings of ill will for two reasons: (1) It reminds me of a time when private employers were good to their employees and offered pensions and didn't send our factory jobs wholesale overseas, and (2) it once again penalizes and ignores the bulk of the middle and working classes, the ones who depend on social security and their own savings and took an active role in making sure they had money during retirement.
Plebs and proles don't need pensions anyway. The Big Guy gets his 10% and the dregs and drones should just work and shop 'til they drop anyway - it's not like they're real people, like the Bidens, the Bushes, the Bezos or the Kochs.
Wonderful the Butch-Lewis bill assists unions cover pension obligations that the Pension Guarantee Fund can't finance via government loans. So where does the money come from to pay those obligations? From the same place we are using to fund Social Security benefits - the taxpayer, except we already spend all those funds. So as companies go bankrupt and can't pay retirement benefits, Butch-Lewis will fix that. Rest assured that we will need to increase taxes well beyond the inflation tax. I suspect benefits will get reduced along the way as well.
We have been spending money we don't have at an unsustainable rate for a long time placing a debt on the future that is certain to arrive soon. Some of us will be badly hurt.
Not so. We chose to not care. Since Gatsby - They were careless people, Tom and Daisy- they smashed up things and creatures and then retreated back into their money or their vast carelessness or whatever it was that kept them together, and let other people clean up the mess they had made.”
No one in that administration has any understanding of even basic economics.
Someone blew up the Georgia guidestones.
Printing money, putting down dissent, and making onerous regulations were not want founders wanted. You are an abomination
Edit: adding Biden.
Bad at editing
Let’s see...have the US taxpayers (through 2051!) bailout a system that failed for a multitude of reasons, but most importantly, don’t make any effort or put in place any requirement(s) to fix the structural issues that caused this problem in the first place! Bravo Brandon - keep those brilliant plans coming! #whydidntithinkofthat #genius #lgb
A pension bailout preserves lasting legacy for our children in the form of crippling taxes and evaporation of the social programs that will necessarily disappear as interest payments on debt exceed our revenue. The good news is this is reason for depopulationists to back off. Otherwise who is going to be around to pay those taxes?
Anytime you get Congress involved it is going to be a problem!
This is just one part of stealth legislation to seize pension funds and roll them into UBI.
Didn't Andrew Yang propose something like this? I may be mistaken.
Here's a summary of the bill: https://www.congress.gov/bill/117th-congress/senate-bill/547?q=%7B%22search%22%3A%5B%22butch+lewis+act%22%2C%22butch%22%2C%22lewis%22%2C%22act%22%5D%7D&s=1&r=1
It actually only "provides funding for a plan to reach a projected funded ratio of 80% over a 30-year period."
The definition of decades has changed too!
OMG. He's really off script. The last time I checked, if the "globalists" have their way, it's all over by 2030. 😅.
I'm on vacation this week, snd, unfortunately my vacation didn't grow by 10% in the last year, but the way things are going, I'll have to work until I die.
Thanks Joe!!!
heres the catch, you gotta take the jab...betcha ya...