Irony is a Cruel Mistress: The Koch Bros & WI State Retirement Fund

[Cecilie1200]

Reminds me of the condescending "Vegan" who wears leather shoes (a poor cow had to die!) , and uses electricty (even though the hydro electric dams that create the electricity kill innocent fish!) .....as they put "honey" in their cup of "fair trade tea" (even though billions of innocent bees are harmed when filthy humans "steal" the bee's honey).......

In all fairness, a lot of vegans very carefully avoid wearing or using leather. Believe it or not, I have a friend who has a business making kinky toys, and he has an entire line of "vegan" kinky toys, made 100% from non-animal materials, and the items actually fly off the shelves. Environmentally- and animal-friendly deviance. Go figure.

 

[KissMy]

If all the CEO's in this country called in sick tomorrow... who would notice? If all of the wage slaves called in sick tomorrow, this country would grind to an effing halt.

Then all of your retirement funds would go up in smoke. Try finding someone else to support your sorry ass for all those retirement years.

Are you that clueless? Nothing will "go up in smoke" if the company is following the law.

Employee Retirement Income Security Act - Wikipedia, the free encyclopedia

And as for "someone else supporting my sorry ass" allow me to educate you once again.....

PENSIONS ARE EARNED, THEY ARE NOT WELFARE.

Class dismissed.

If all of the "wage slaves" called in sick tomorrow their retirement funds would go up in smoke. The corporate earnings go to pay for the retired "wage slaves". It works just like Social Security. Someone has to work so the pension fund can make money to pay the retired pensioner.

 

[MikeK]

Kinda like how employees of a private company will harshly hate the boss and CEO......although they make more if the company does well.

Because that is the problem... they generally DON'T make more when the company does well... and they see the executives getting six & seven figure bonuses and the CEO's being paid millions. Where have you been? Pay attention!

I currently get a monthly bonus.

One of my jobs my pay was tied to how well I did, and we got quartly bonuses if the company did well.

you are, once again, exposed as a moron.

As you go so goes the world?

The situation you've described is rare not typical unless one is on commission.

Peepers said workers generally do not share in profits -- and he's right.

 

[MikeK]

According to the State of Wisconsin Investment Board (SWIB), the Wisconsin Retirement System owns $5.5 million in Georgia Pacific corporate bonds. (Georgia Pacific is owned by Koch Industries.) This is the retirement system in which the overwhelming majority of state and local employees participate. These are the pension benefits that public employees are trying so hard to protect.

$5.5 million from a state employees' pension fund is not a significant sum and it can easily be shifted to a competitive investment. So it's not like Koch Industries and the Wisconsin employees' are in any way inter-dependent.

 

[Two Thumbs]

Because that is the problem... they generally DON'T make more when the company does well... and they see the executives getting six & seven figure bonuses and the CEO's being paid millions. Where have you been? Pay attention!

I currently get a monthly bonus.

One of my jobs my pay was tied to how well I did, and we got quartly bonuses if the company did well.

you are, once again, exposed as a moron.

As you go so goes the world?

The situation you've described is rare not typical unless one is on commission.

Peepers said workers generally[/i] do not share in profits -- and he's right.

Workers don't share profit?

non-sense. It's called a pay check. Union pay is so high there's no need for a bonus.

And Ms Peepers was not speaking in general or she would have said so.

sorry bro, a no bonus job is very rare, union, or to low on the totem pole to be in a position to get one.

Like I said earlier, they can work harder than the people around them and earn a raise, unless it's a union shop. Hard workers are threatend

 

[ClosedCaption]

so the unions retirement fund comes from Investments and not tax payers?

 

[R.D.]

Been living under a rock?

Yes...

do these liberals have a name or somewhere where I can find a quote? Because I've never heard of anyone saying the Koch brothers were wrong for making a profit

Can anyone tell me...I think Oddball is outraged at imaginary ppl but thats just me. Did any liberals rail against profits or is that made up?

No, liberals love profits. They've just decided who can have them and what should be done with them

 

[Two Thumbs]

Well, see the janitors and file clerks and such don't usually get quarterly bonuses, so honestly, how could you expect him to know about that stuff?

I can see how a janitor/clerk would have a near impossible time earning a bonus, but if you bust your ass and become the best at the company, you get a raise.

Unless it's a union shop. People that bust thier asses get told to cut it out or get their asses kicked.

I had that happen when I worked at the US Postal Service, believe it or not. I worked in mail forwarding, which is basically just 8+ hours a day sitting at a sorting machine, typing. My supervisors loved me, because I type 110 wpm with virtually no mistakes, and I never needed to be switched over to the non-typing jobs to give my hands a break, so the work got done measurably faster after they added me to the department. The union rep for our department and several of my co-workers, however, told me on numerous occasions that I should slow down, because I was raising the bar too high for everyone else AND I was cutting into the amount of overtime they were used to getting.

My Dad had a teacher freind that heard the mine was going to be hireing for the summer and keep some of the workers come fall, the pay was better (figure the odds), so he worked out hard for 3 months to get in shape. On the 2nd day of work the thugs told him to stop making them look so bad, or else. The union made them keep people based on seniority, since they all started the same day, it was based on when they applied for the job.

 

[ClosedCaption]

Yes...

do these liberals have a name or somewhere where I can find a quote? Because I've never heard of anyone saying the Koch brothers were wrong for making a profit

Can anyone tell me...I think Oddball is outraged at imaginary ppl but thats just me. Did any liberals rail against profits or is that made up?

No, liberals love profits. They've just decided who can have them and what should be done with them

So, why would the OP make that suggestion and why would so many agree with him, if its not true? I'm not understanding this place at all

 

[DaGoose]

Then all of your retirement funds would go up in smoke. Try finding someone else to support your sorry ass for all those retirement years.

Are you that clueless? Nothing will "go up in smoke" if the company is following the law.

Employee Retirement Income Security Act - Wikipedia, the free encyclopedia

And as for "someone else supporting my sorry ass" allow me to educate you once again.....

PENSIONS ARE EARNED, THEY ARE NOT WELFARE.

Class dismissed.

If all of the "wage slaves" called in sick tomorrow their retirement funds would go up in smoke. The corporate earnings go to pay for the retired "wage slaves". It works just like Social Security. Someone has to work so the pension fund can make money to pay the retired pensioner.

New reputation!

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Comment:
If all of the wage slaves called in sick tomorrow their retirement funds would go up in smoke

Regards,
KissMy

Wrong again DUMBASS. Companies are REQUIRED BY LAW to properly fund their pension plans. It's NOT like Social Security you stupid fuck.

Next time try knowing at least a little bit of what you're talking about before you post. It will help keep you from making an ass of yourself.

And giving neg reps just because you're wrong only makes you look foolish.

 

[Oddball]

Wisconsin State Employees Should Have Some Koch and Smile - By Christian Schneider - The Corner - National Review Online

How can this be true? GOP hate media has been telling us, to stoke class envy between the taxpayer and the public sector unions, that the poor taxpayer funds the Cadillac retirement package of the public sector unions. And now you let it slip that the 5% of their salary that the union pays towards their retirement gets invested in a fund that includes Koch Industries and their Cadillac benefits are paid from the return on that investment and not on taxes collected from the underpaid nonunion workers.

Again, how can this be? We know that GOP hate media never lies. But then again your source is also the GOP hate media. How can they contradict themselves from one day to the next and not expect their sheep to catch them???????
Oh wait, never mind.

Epic post!

It's a fucking brain dead post, that only a socialist useful idiot could come up with and/or appreciate....Little wonder a brain dead useful idiot socialist tool like edthenitwit came up with it.

First of all, nobody said anything about republicans in general or the GOP in particular....But why let a little fallacy like strawman get in the way?

Then, the notion that the paltry 5% of the funding for their lavish pensions coming from the bureaucrats themselves, is somehow "proof" that the taxpayer isn't getting completely hosed by having to pick up the remaining 95% is ludicrous on its face.

But y'all keep fooling yourselves...It's what you do best.

 

[Oddball]

Granted, $5.5 million out of a $18.5 billion fixed-income bond fund isn’t a whole lot. (The state also holds about $5 million worth of Colgate bonds, meaning it is in the pocket of Big Toothpaste.) But one imagines the public unions’ vitriol will soften a little bit when they realize their retirement payout is incumbent on the success of the Kochs. They’re all part of the same money-making ecosystem, despite many state employees believing all their retirement funds are invested exclusively in dreams and rainbows.

A whole 5.5 million out of billions. Yes damn those people for not kissing the Koch's asses over 5.5 million.

Good job on leaving this tidbit out

Thanks for (accidentally) pointing out that the taxpayer still picks up 95% of those pesnions.


If the bureaucrats running the pension find had any intellectual honesty to begin with, they wouldn't take a penny from the Kochs on the principle alone.

 

[ClosedCaption]

How can this be true? GOP hate media has been telling us, to stoke class envy between the taxpayer and the public sector unions, that the poor taxpayer funds the Cadillac retirement package of the public sector unions. And now you let it slip that the 5% of their salary that the union pays towards their retirement gets invested in a fund that includes Koch Industries and their Cadillac benefits are paid from the return on that investment and not on taxes collected from the underpaid nonunion workers.

Again, how can this be? We know that GOP hate media never lies. But then again your source is also the GOP hate media. How can they contradict themselves from one day to the next and not expect their sheep to catch them???????
Oh wait, never mind.

Epic post!

It's a fucking brain dead post, that only a socialist useful idiot could come up with and/or appreciate....Little wonder a brain dead useful idiot socialist tool like edthenitwit came up with it.

First of all, nobody said anything about republicans in general or the GOP in particular....But why let a little fallacy like strawman get in the way?

Then, the notion that the paltry 5% of the funding for their lavish pensions coming from the bureaucrats themselves, is somehow "proof" that the taxpayer isn't getting completely hosed by having to pick up the remaining 95% is ludicrous on its face.

But y'all keep fooling yourselves...It's what you do best.

5% gets invested with Koch, not 5% of the pension comes from it...When you focus on namecalling you miss things like that

 

[Oddball]

5% gets invested with Koch, not 5% of the pension comes from it...

Matters not....If Koch Industries is so awful, why is any money invested in their ventures?

 

[R.D.]

Can anyone tell me...I think Oddball is outraged at imaginary ppl but thats just me. Did any liberals rail against profits or is that made up?

No, liberals love profits. They've just decided who can have them and what should be done with them

So, why would the OP make that suggestion and why would so many agree with him, if its not true? I'm not understanding this place at all

Koch supports free-enterprise initiatives, something the left has made no secret about wanting to destroy

That their union benefits are linked to Koch success is just sweet irony

If you really have not been following the left attacks CLICK

 

[Oddball]

Man, them useful idiot union lackeys just love ROI they get from the Kochs, don't they?!?

 

[Oddball]

5% gets invested with Koch, not 5% of the pension comes from it...

Matters not....If Koch Industries is so awful, why is any money invested in their ventures?

oh but it does matter a lot, because that was the whole basis of your OP. Now you are just punting and back pedaling...

I'm backpedaling on nothing.

If there were a shred of intellectual honesty in the ranks of the barking moonbats in Madison, they'd be demanding that their pension fund divest itself of all investment in Koch Industries....But there isn't, so they won't.

 

[ClosedCaption]

5% gets invested with Koch, not 5% of the pension comes from it...

Matters not....If Koch Industries is so awful, why is any money invested in their ventures?

I'll ask you again, who said they were so awful and what is their name? Not the name of their group, who said they were?

Thanks

 

[Oddball]

Missed those protester signs in #119, didn't ya?

 

[The Infidel]

Missed those protester signs in #119, didn't ya?

These????​

Man, them useful idiot union lackeys just love ROI they get from the Kochs, don't they?!?

No... I missed them​