The new legislation holds no real gain according to some Sources--both Economist and Journalist. This Author holds the suspicion it contains the same incompetance average as all the rest of the passed legislation of Our new Century. Pensions reside beside Concert Tickets in the realm of Scalphers.
I remember (you kids are too young) when People used to talk about fully-funded Pensions, and even comments of independent Pensions (Danny Devitto playing Larry the Eliminator). It would be nice if Pensions were once again considered Labor payment, instead of Corporate dodge to obtain a Savings ratio for Capital Investment. How did Pensions become a Slush Fund for Corporate Managers? Maybe We should ask Devitto.
The current Pension legislation only continues in the tradition of the Corporate Raiders, with Pensions still resemblant of the Social Security Fund, and Corporate leadership telling all Americans they must personally invest and Save for their own Retirement. I may have missed something somewhere (I often do), but wasn't the idea of Pensions to achieve a standardized form of Savings for retirement for the more mentally-Challenged of Us?
Why is it every time We design a institutional security for Labor, who are too busy to keep proper track of such exterior activity to their own economic effort, Corporate Raiders always seem to denude the program of adequate funding and resultant security? lgl
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