Jarhead
Gold Member
- Jan 11, 2010
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The point is why "this is no longer sustainable."What is your interpretation of the phrase "The Employer shall contribute on behalf of the employee"?
My source believes this means the pension plan money is part of the total negotiated compensation and wages, paid vacations, retirement and health insurance are merely divvying up the total compensation package.
The point is that this is no longer sustainable. Either the workers contribute significantly more toward their benefits and pensions or they will see massive layoffs and loss of benefits. Done.
Specifically, how over the last half-century the richest Americans (individuals and corporations) have shifted the burden of the federal income tax off their shoulders and onto yours.
"How do the rich justify and excuse this record? They claim that they can invest the money they save from taxes and thereby create jobs etc.
"But do they? In fact, cutting rich people's taxes is often very bad for the rest of us (beyond the worsening inequality and hobbled government it produces).
"Several examples show this.
"First, a good part of the money the rich save from taxes is then lent by them to the government (in the form of buying US Treasury securities for their personal investment portfolios).
"It would obviously be better for the government to tax the rich to maintain its expenditures, and thereby avoid deficits and debts.
"Then, the government would not need to tax the rest of us to pay interest on those debts to the rich."
How the Rich...
Stop borrowing from the rich.
Tax the rich.
Undone.
The rich became rich by creating jobs.
Unemployment over the last decade (with the exception of expected and cyclical recessions) has been at stable acceptable numbers despite INCREASE in technology that eliminates jobs and despite an INCREASE in population.
What you refer to as "the rich" were and still are the job creators.