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<blockquote data-quote="rickyb" data-source="post: 1561942" data-attributes="member: 56035"><p>a pension is an employers promise to pay future wages in exchange for present wages. so the employees are owed. but corporations and government quite often mismanage their employees pensions.</p><p></p><p>where im from teachers unions are the most organized and they certainly dont always get what they want. teachers unions are good they actually strike. the only problem is they dont push for more rights like 5 weeks vacation, affordable or free college, etc.</p><p></p><p>the reason you have cracks in the road is political. it is not because america is a poor country. the country is awash in wealth, but it is simply not distributed in the first place correctly (it goes to the 0.1% or whatever), and it is not redistributed through taxes correctly.</p><p></p><p>on top of that the federal government spends 50% of its budget on military empire.</p><p></p><p>regarding social security, the government has spent alot of the savings for it to keep the debt down or whatever. social security has a regressive tax: so after roughly 120k you pay a smaller and smaller percentage the richer you are. they could easily change this and then social security would be paid until 2075 or something. and i think social security should be expanded, i heard its quite a small amount when you retire. its one of the best programs out there and its government run, so of course wall st is trying to privatize it.</p></blockquote><p></p>
[QUOTE="rickyb, post: 1561942, member: 56035"] a pension is an employers promise to pay future wages in exchange for present wages. so the employees are owed. but corporations and government quite often mismanage their employees pensions. where im from teachers unions are the most organized and they certainly dont always get what they want. teachers unions are good they actually strike. the only problem is they dont push for more rights like 5 weeks vacation, affordable or free college, etc. the reason you have cracks in the road is political. it is not because america is a poor country. the country is awash in wealth, but it is simply not distributed in the first place correctly (it goes to the 0.1% or whatever), and it is not redistributed through taxes correctly. on top of that the federal government spends 50% of its budget on military empire. regarding social security, the government has spent alot of the savings for it to keep the debt down or whatever. social security has a regressive tax: so after roughly 120k you pay a smaller and smaller percentage the richer you are. they could easily change this and then social security would be paid until 2075 or something. and i think social security should be expanded, i heard its quite a small amount when you retire. its one of the best programs out there and its government run, so of course wall st is trying to privatize it. [/QUOTE]
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