WTF?
you still are missing the point of pensions. workers pay for the damn things so stop saying they are some free handout because they are not.
Also your idea that if people had to manage their own 401k's they would be able to do it. That is so far from the truth, am still sitting here laughing my ass off. Theres people that dont even know how to open a checking account and all of a sudden they are going to manage their 401k's because they have to. Yeah okay.
Also look at all the millions of people who have lost their money in 401ks and other plans. Just because you have been able to manage to ward off losing in your retirements plans, doesnt mean others would have the same luck and in fact most people would be dead broke come retirement time if they had to do it.
Like i said people trade less money in their paychecks for the security of a pension. Problem is companies have screwed those things up, not the workers.
you still are missing the point of pensions. workers pay for the damn things so stop saying they are some free handout because they are not.
Also your idea that if people had to manage their own 401k's they would be able to do it. That is so far from the truth, am still sitting here laughing my ass off. Theres people that dont even know how to open a checking account and all of a sudden they are going to manage their 401k's because they have to. Yeah okay.
Also look at all the millions of people who have lost their money in 401ks and other plans. Just because you have been able to manage to ward off losing in your retirements plans, doesnt mean others would have the same luck and in fact most people would be dead broke come retirement time if they had to do it.
Like i said people trade less money in their paychecks for the security of a pension. Problem is companies have screwed those things up, not the workers.

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