Middle-Class: The End of Retirement as You Have Known it!Quicklink submitted by Hugh Campbell Permalink
|Government sanctioned anti-middle-class rule changes allowed corporations to kill 84,350 pension plans, since 1985, with the money saved by terminating these pension plans now go for executive salaries, dividends, or CEO pet projects. As with taxes and trade, Congress has been pivotal in granting favors to the most powerful corporations, with rules deny workers the right to sue to enforce retirement promises. Lawmakers have also written bankruptcy regulations to allow corporations to scrap the post-retirement health coverage. The Economic Elite, empowered by their aforementioned successes in the private sector, plan for the worse to yet to come, with reduced post-retirement Social Security and Medicare coverage. The ruling class fooled us once by killing 84,350 pension plans and plan to fool us a second time by reducing post-retirement Social Security and Medicare coverage.|
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