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Multiply that by 50 states, and even more union and private sector pension plans.
But you all are incapable of connecting the dots between promised pensions and corporate profits, aren't you? That would actually require using actual critical thinking skills instead of just spewing emotion-based knee-jerk reactions.
Geez at it again i see, Do you know who benefits more then CalPers which is a small % in some companies stock? Take for example walmart the biggest retailer. The waltons who own Walmart owns more then 50% of the stock of the company, but once again the end results justify the means right? Out of the 3.4 billion
shares of walmart stock the are in existence. CalPers owns 7.7 million shares of Wal-Mart stock worth about $511 million. Small potatoes. So we should justify greed and the take mentality of the owners of walmart because a few stock owners are working class people relying on there pensions for retirement?
Geez at it again i see, Do you know who benefits more then CalPers which is a small % in some companies stock?
CalPERS is a small %? Perhaps. But like I said, multiply that times 50 for all the states, and then again by many times more to include all the private sector union and other pension plans.
Reduce corporate profits and you reduce the working people's pensions. Are you good with that?
CalPERS is a small %? Perhaps. But like I said, multiply that times 50 for all the states, and then again by many times more to include all the private sector union and other pension plans.
Reduce corporate profits and you reduce the working people's pensions. Are you good with that?
I don't claim to be a stock or wall street expert and can be wrong, but where is the other states employees stocks? I see alot of major banks and financial institutions?
In the Census reports I cited and linked, the 3 to 1 rate differential remained consistent.
Not exactly constantly, it does fluctuate, you must be taking the average.
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You're ignoring the fact that the growth in the taker population is exponentially outpacing the growth in the contributor population. That's simply not sustainable. Mathematical fact.
The poor have always grown faster than their wealthier counterparts. You clearly have no knowledge of American history or an understanding of global economics. You've already ignored my point that the global poor population has exploded. You also ignore the real issues of why people are stuck in poverty like declining wages, benefits, and part time jobs over the last 3 decades. I wouldn't expect to an ideologue to understand the complex nuances of the world.
I don't claim to be a stock or wall street expert and can be wrong, but where is the other states employees stocks? I see alot of major banks and financial institutions?
Walmart isn't the only publicly traded company. Pension plans invest in many equities. Walmart is just one of them. And it's not just states. New York City's pension plan invests in Walmart, too, as do many other large cities. http://www.crainsnewyork.com/article...art-executives
The major banks and financial institutions you see listed sell certificates of deposit and other savings products. The interest on those, paid to the savings products' holders, is funded by the profits those banks and financial institutions make on their equities investments. The mutual funds listed are those in which many, including even middle class America, have their IRA/401K savings.
Ding corporate profits, and you ding everyone's retirement. The middle class will suffer the most.
More info on how wide the impact would be if corporate profits were stunted:
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"This shift of business ownership from rich people to working people may be the greatest economic transformation since the Industrial Revolution.
...So what does all this mean? Well, for starters, it should lead to an end of complaints about the profits of corporations and allegations about 'greedy corporations.' After all, much of that profit now goes toward the current and future retirement incomes of working people."
Everyone who contributes to or benefits from an IRA,401K, pension fund (public employee, union, or private sector),mutual fund, annuity, or whole life insurance policy, etc.,DEPENDS on corporate profits. Just so you understand, I'll reiterate... they DEPEND on corporate profits.
How anyone fails to connect the dots on how so very many Americans' retirement plans (pensions, IRAs/401Ks, annuities, etc.) absolutely depend on corporate profits is beyond me. Don't people have critical thinking skills anymore?
I certainly wouldn't call charging people who have nothing more in taxes "a plan". I'd call it stupid.
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