Thursday, December 1, 2011

Steve's barking at pensions again

Pensions are ruining the world. That's the general rule that's going around.
Look at England, Look at the States. Hell look at all of Europe, lets get the pensioners. It doesn't matter if it's private pensions or government pensions, it's all the same. Nobody says anything about how in the United States companies systematically took money out the pension systems if they were companies that took over other companies to help pay for their take over. I wounder what those take over companies are going to do to help pay for their takeovers. Charge the workers for the air they breath in the companies shop. Then we have the companies that don't put into pensions because it would be more costly and their profits wouldn't be as great, reducing the stock price (maybe).
Now we come to government pensions in the United States that have been paying out pensions for ever. Never until recently have there been any doubt that they would be payed.
The excuse now is people lie longer. True but if a person is only living on the interest not the principle what different does it make how long a person lives, the only problem with that hypothesis is inflation.That would hurt turning a moderately poor person to a really poor person. Or if the pensioner had a nice pension into a lousy pension.
Now I'm not the brightest guy in the world but it would seem to me that when you put a side a percentage for a worker salary then the same percentage should be set aside for the pension.

* It appears to me that pension reform that good government groups  want to use for other purposes should be put into the pension funds.
I guess they feel if good enough for the private sector it's good enough for the public sector.
Maybe if you look at those good government groups their really bad government groups.
I don't have the knowledge of European pensions but it seems to me that when you are promised something when you start work, it's the obligation come hell or high water to keep your word. 

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