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Union members depend on corporate profits for their pensions. Non-union workers depend on corporate profits to accrue more in their retirement accounts than just their contributions. Weaker corporate profits harm retirees. That's not the direction in which the economy should move, unless the goal is to accelerate the already quickly increasing number of poor people.
CalPERS owns 5 million shares of Walmart stock, among other investments in corporations, to fund union members' pensions. Lets just eliminate all union pensions, private and public, to end their dependency on corporate profits.
Your not getting it, if the waltons are worth 100+ billion and walmart can comp there CEOs salaries in double million dollar fashion. They can afford to pay taxes and pay there employees a little more. No one is anti rich or saying that good leaders shouldn't be paid good. But when we sacrifice others to get rich then thats a problem.
Union members depend on corporate profits for their pensions. Non-union workers depend on corporate profits to accrue more in their retirement accounts than just their contributions. Weaker corporate profits harm retirees. That's not the direction in which the economy should move, unless the goal is to accelerate the already quickly increasing number of poor people.
Maybe you haven't noticed lately but very few are getting pensions outside of the government employment anymore. You're talking about something that the younger folks will not see outside of working for the government.
Unions used to represent a lot of Americans. The % in unions is pretty much irrelevant despite your assertion that its so important.
Your not getting it, if the waltons are worth 100+ billion and walmart can comp there CEOs salaries in double million dollar fashion. They can afford to pay taxes and pay there employees a little more.
Odd, then, that CalPERS and all the other private and public union pension system shareholders never vote their high volume of shares to reduce CEOs' salaries or to pay employees more.
Odd, then, that CalPERS and all the other private and public union pension system shareholders never vote their high volume of shares to reduce CEOs' salaries or to pay employees more.
Thats because the shareholders usually don't vote for that its the corporate board which consists of other 10%(good ol boyz club) who vote for CEO salaries. Now if i went to a republican convention and ask what issues are important? I can't be surprised to learn the answer is republican issues. So its not surprising the overstatted view of importance in pay for CEOs etc.
Maybe you haven't noticed lately but very few are getting pensions outside of the government employment anymore.
I said that individual retirement accounts (IRAs/401Ks) also depend on corporate profits to grow in worth.
Quote:
"Nearly 80 percent of full-time workers have access to employer-sponsored retirement plans, and more than 80 percent of these workers participate in a plan."
It would be a HUGE mistake to devalue retirement accounts by weakening corporate profits. Way too many people will be plunged into poverty at retirement if corporate profits decrease.
Thats because the shareholders usually don't vote for that its the corporate board which consists of other 10%(good ol boyz club) who vote for CEO salaries.
Shareholders elect the corporation's board of directors. And guess what? CalPERS, all the other union pension systems, and individual retirement fund plans and programs are all voting for boards who pay CEOs highly and who put profits as a top priority over higher pay for employees.
Tell that to the people constantly complaining about the investments that fund workers' retirements and keep them off welfare (thread topic).
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