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He didn't say where, precisely his pension investments were saved.
It is possible (but unlikely) that they're in municipal bonds or something, and not in equities, corporate bonds, etc..
Highly doubtful. Muni bonds don't yield a high enough return to meet pension obligations.
Just as an FYI, look at where the CalPERS (California Public Employee Retirement System) pension fund is invested... The ten largest holdings of CalPERS:
Quote:
"Can you name the biggest American investor? No, it's not Warren Buffett; as a matter of fact, it is not a person. It is CalPERS, the California Public Employees' Retirement System"...
Exxon
General Electric
Microsoft
Citigroup
Bank of America
Johnson & Johnson
Wal-Mart
Pfizer
Proctor & Gamble
JP Morgan Chase
And how many of those who will benefit from a CalPERS pension stupidly rail against "big oil," "big pharma," and "bankers." Idiots. The lot of them. /SMH
Last edited by InformedConsent; 02-26-2017 at 08:30 AM..
I also fully supports Sanders idea of a tax on trades to help repay the debt.
You're still benefiting from war profits and Wall Street/corporate profits. Don't be a hypocrite. Show some integrity and follow through on your disdain for those profits. Refuse to accept your pension checks.
If you're vested in a pension, you have access to an annual report and can look up pension assets at any time. Please do so. You'll see that you're directly profiting from that which you disdain.
My state is invested in the markets also. You are suggesting I move out of country because of that.
No, I merely suggested that you eschew what you disdain. Don't be a hypocrite. Put your integrity where your mouth is. Refuse to accept your pension checks. Actions speak louder than words. Be who you claim to be.
No, I merely suggested that you eschew what you disdain. Don't be a hypocrite. Put your integrity where your mouth is. Refuse to accept your pension checks. Actions speak louder than words. Be who you claim to be.
I have. I am out of the markets and I reluctantly pay to cover for the ineptitude of others.
I have. I am out of the markets and I reluctantly pay to cover for the ineptitude of others.
You have a choice to not accept your pension checks. That you will not make that choice tells us all that you don't actually believe or practice that which you state.
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