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Message: <blockquote data-quote="rickyb" data-source="post: 3072942" data-attributes="member: 56035">the UPS new york pensioners accepted a 30% cut to their pension.i roughly remember a pension being described as a passing on wages at the present in favor of being paid in the future.  so these corporations are not paying money they owe, and im guessing these are not hard times for UPS; they probably have record profits.  im sure if you look into it more, you will find out how these workers are being screwed.gerald celente has a phrase "if the moneys not in your pocket, its not yours!".  hes referencing bank holidaysthe state pension funds are underfunded as well which is a future crisis.  social security is easily fixed by lifting the regressive maximum tax on the rich.richard wolff says when you let corporations control pensions, they will make it benefit themselves.</blockquote>