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General News    H2'ed 7/15/21

Workers Are Funding The War On Themselves

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Your pension fund is worth almost nothing? Find out why. | Dr. Christopher Sier | TEDxOxBridge The fund management industry takes a lot more than it gives. And what it takes is often disguised and hidden in implicit costs.
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The pension fund system is broken by low returns, high fees, and rampant corruption on all levels. This article suggests reforms, but the simpler and better answer might be to scrap it altogether and just pay pensioners directly instead of enriching Wall Street with this $5 trillion unsustainable government set-aside.

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)

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