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<blockquote data-quote="Catatonic" data-source="post: 1733397" data-attributes="member: 7966"><p>Come on now ... you are a business person.</p><p>Wages are expenses incurred as income is generated.</p><p>Pensions and healthcare are long-term debt funded (underfunded really) by pennies expected to accrue value through investments. Right now, those pension type guaranteed investments are getting an ROI around 1% instead of 8 %.</p><p>With some risk, the ROI goes up to 4%.</p><p>The biggest debt of many public sector (government) "businesses" are pension and guaranteed healthcare.</p><p>Most of these public sector debts are generated from people working as little as 10 years.</p><p>And their pensions are almost as much or more than their take home pay after only 20 - 25 years.</p><p>Ask the UPSers, whose company is one of the most profitable and successful of the private corporations offering pensions and healthcare.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1733397, member: 7966"] Come on now ... you are a business person. Wages are expenses incurred as income is generated. Pensions and healthcare are long-term debt funded (underfunded really) by pennies expected to accrue value through investments. Right now, those pension type guaranteed investments are getting an ROI around 1% instead of 8 %. With some risk, the ROI goes up to 4%. The biggest debt of many public sector (government) "businesses" are pension and guaranteed healthcare. Most of these public sector debts are generated from people working as little as 10 years. And their pensions are almost as much or more than their take home pay after only 20 - 25 years. Ask the UPSers, whose company is one of the most profitable and successful of the private corporations offering pensions and healthcare. [/QUOTE]
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