France to go after private pensions

[Gadawg73]

to pay off their massive debt and continue their welfare state.

 

[DiamondDave]

Link to a story on this one...

I would like to read a bit into this, if they are indeed trying to do this bullshit

 

[Gadawg73]

Link to a story on this one...

I would like to read a bit into this, if they are indeed trying to do this bullshit

Late October the pension reforms were passed in France. IOW, workers, not welfare folks,had to take the hit.
Strikes and protests are all over the news over there. The students now are facing massive cuts and they are asking for private pensions to be tapped into.

I normally do not link. Those that disagree with you do not bother to read it anyway.
I rarely read links. I go and research things myself.
No one links something that contradicts what their position is anyway so what is the point?
Last link I put up was Chris Farley and the "Van down by the river" routine!

 

[Lonestar_logic]

And why should we care?

 

[Gadawg73]

And why should we care?

Because some Democrats WANT TO DO IT HERE.

 

[California Girl]

And why should we care?

Because some Democrats WANT TO DO IT HERE.

All the 'ideas' of the left come from Europe. Funny cuz I was taught that America was unique among the world.... one of the reasons I dislike the left... they want to destroy our uniqueness.

 

[zzzz]

Governments of Ireland and France Seize Private Pensions | Fellowship of the Minds

 

[Full-Auto]

Link to a story on this one...

I would like to read a bit into this, if they are indeed trying to do this bullshit

Late October the pension reforms were passed in France. IOW, workers, not welfare folks,had to take the hit.
Strikes and protests are all over the news over there. The students now are facing massive cuts and they are asking for private pensions to be tapped into.

I normally do not link. Those that disagree with you do not bother to read it anyway.
I rarely read links. I go and research things myself.
No one links something that contradicts what their position is anyway so what is the point?
Last link I put up was Chris Farley and the "Van down by the river" routine!

You are absolutely correct. Earlier this year the obama admin had one of its flunkys make the suggestion that all private retirement plans be forced to by US securities.

It didnt go far. The guns are still loaded.

 

[Gadawg73]

And why should we care?

You play any footbal Tex?
I played on the defense.
"Do not get sucked in and always be ready for the reverse or inside trap".
Head on a swivel buddy. We are NOW a world economy and nation.

 

[Lonestar_logic]

And why should we care?

Because some Democrats WANT TO DO IT HERE.

I'll worry about that when the time comes. But as of now, no one that I'm aware of is after my private pension fund. Perhaps you could specify which "democrat" it is that you allege is doing guilty of this.

 

[Lonestar_logic]

And why should we care?

You play any footbal Tex?
I played on the defense.
"Do not get sucked in and always be ready for the reverse or inside trap".
Head on a swivel buddy. We are NOW a world economy and nation.

I've never played games.

 

[boedicca]

Link to a story on this one...

I would like to read a bit into this, if they are indeed trying to do this bullshit

Late October the pension reforms were passed in France. IOW, workers, not welfare folks,had to take the hit.
Strikes and protests are all over the news over there. The students now are facing massive cuts and they are asking for private pensions to be tapped into.

I normally do not link. Those that disagree with you do not bother to read it anyway.
I rarely read links. I go and research things myself.
No one links something that contradicts what their position is anyway so what is the point?
Last link I put up was Chris Farley and the "Van down by the river" routine!

This is an important story - and it's a shame you aren't willing to provide the source article.

We have similar rumblings in DC regarding 401Ks.

 

[boedicca]

And why should we care?

Because some Democrats WANT TO DO IT HERE.

I'll worry about that when the time comes. But as of now, no one that I'm aware of is after my private pension fund. Perhaps you could specify which "democrat" it is that you allege is doing guilty of this.

Then you should start paying attention. The concept is called a "Guaranteed Retirement Account" to be managed by the government - to replace 401Ks.

How Guaranteed Retirement Accounts work

Structure. Guaranteed Retirement Accounts are like universal 401(k) plans except that the government, as befits a large and enduring institution, will invest and manage the pooled savings.

Participation. Participation in the program is mandatory except for workers participating in equivalent or better employer defined-benefit plans where contributions are at least 5% of earnings and benefits take the form of life annuities.

Contributions. Contributions equal to 5% of earnings are deducted along with payroll taxes and credited to individual accounts administered by the Social Security Administration. The cost of contributions is split equally between employer and employee. Mandatory contributions are deducted only on earnings up to the Social Security earnings cap,2 and workers and employers have the option of making additional contributions with post-tax dollars. The contributions of husbands and wives are combined and divided equally between their individual accounts.

Refundable tax credit. Employee contributions are offset through a $600 refundable tax credit, which takes the place of tax breaks for 401(k)s and similar individual accounts and is indexed to wage inflation. Eligibility for the tax credit is extended to part-time workers, caregivers of children under age six, and those collecting unemployment benefits. If an individual’s annual contributions amount to less than $600, some or all of the tax credit is deposited directly into the account in order to ensure a minimum annual deposit of $600 for all participants.

Guaranteed Retirement Accounts: Toward retirement income security | Agenda for Shared Prosperity

 

[Claudette]

Bo. The links up on ZZZ's post.

The Nanny Govt works so well that they have to rob the private pensions in both Ireland and France to pay off their debt.

Jeeze.

 

[CrusaderFrank]

Didn't Biden promise to go after private pension..."Their pensions go first!"???

 

[Soggy in NOLA]

I guess they ran out of other people's money.

 

[Sallow]

These are not "private" pension funds. They are also much more generous then SSI. France has a much earlier retirement age then the United States.

 

[Mad Scientist]

And why should we care?

Because some Democrats WANT TO DO IT HERE.

I'll worry about that when the time comes. But as of now, no one that I'm aware of is after my private pension fund. Perhaps you could specify which "democrat" it is that you allege is doing guilty of this.

From the "Evil and Biased" CNBC:
News Headlines

Big US cities could be squeezed by unfunded public pensions as they and counties face a $574 billion funding gap, a study to be released on Tuesday shows.The gap at the municipal level would be in addition to $3,000 billion (That equals 3 Trillion) in unfunded liabilities already estimated for state-run pensions, according to research from the Kellogg School of Management at Northwestern University and the University of Rochester.
“What is yet to be seen is how this burden will be distributed between state and local governments and whether the federal government will be called upon for bail-outs,” said Joshua Rauh of the Kellogg School.

Has that time come yet? Governments demonstrate time after time what huge fuckups they are yet the American Sheeple still expect them to be their savior. (my two favorite smilies!)

 

[CrusaderFrank]

Yup, Biden and the US Socialists (aka: Democrats) have their sights on private pensions

Biden: "Their pensions go first"

Biden: "Their pensions go first"
AP via Google News ^ | October 23 2008 | Steven K. Paulson

Posted on Friday, October 24, 2008 12:46:03 PM by magellan

Biden lashes out at corporate greed at Colo. stop

COLORADO SPRINGS, Colo. (AP) — Democratic vice presidential candidate Joe Biden said Wednesday it's unfair that executives of failed corporations are paid millions of dollars while their employees lose their pensions.

Biden vowed that he and Barack Obama would attack corporate greed if they're elected.

Biden took direct aim at executives who draw big salaries while leading failed companies. "Their pensions go first," he told a roaring crowd."

 

[Contumacious]

to pay off their massive debt and continue their welfare state.

Exactly.

The French Government is bankrupt . Socialized medicine and other largesse has done them in.

I believe we are a mere 5 - 10 years behind them.

.