Comments on: “Retirement Heist” book asks: Who stole America’s pensions? http://blogs.reuters.com/reuters-wealth/2011/09/14/retirement-heist-book-asks-who-stole-americas-pensions/ Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: sbourg http://blogs.reuters.com/reuters-wealth/2011/09/14/retirement-heist-book-asks-who-stole-americas-pensions/comment-page-1/#comment-9427 Sat, 05 May 2012 19:09:12 +0000 http://blogs.reuters.com/reuters-money/?p=19638#comment-9427 This woman couldn’t be more wrong and misinformed if she were trying. To sum of the ridiculousness of her ‘charges’ as insane, I’ll sum it up by stating this fact:

Governmental entities — thousands of them — thought DB pension plans would be affordable, even ‘enhanced’/increased benefit formulas in the 1990s because investment returns were very good in the ’80s and ’90s…..and they have become INCREDIBLY unaffordable. Invstmt returns have been about 3%/year since 1/1/00, meaning……financial armageddon for all the govt entities still fighting to keep their DB pensions. Conclusion: It’s a damn good thing so many companies terminated or froze their pension plans. They would have become INCREDIBLY high ‘risk-centers’, just as the governmental plans have become. This will get VERY ugly, and Schultz’s thesis is entirely wrong. Besides, people who save enough in DC plans CAN insure against longevity by buying a partial annuity when they’re 70 AND 80, with a portion of their money. DC plans ARE fantastic, but unfortunately, people aren’t saving enough.

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By: MichaelCockrell http://blogs.reuters.com/reuters-wealth/2011/09/14/retirement-heist-book-asks-who-stole-americas-pensions/comment-page-1/#comment-8328 Sun, 09 Oct 2011 16:32:15 +0000 http://blogs.reuters.com/reuters-money/?p=19638#comment-8328 What we are witnessing here is the emergence of a new parasitic corporate aristocracy that doesn’t give a crap about the rank and file workers who make their lives possible. I’m reminded of a movie I saw once where a noble on horseback is exiting his castle and he passes an old woman selling eggs from a wicker basket. This noble greedily reaches down from his mount and snatches some of the eggs without paying for them. What corporate America has been doing to this country since the 90’s in the name of their executives is no less blatant thievery than the scene I have described here. The boardrooms of these corporations have become little more than non-government taxing authorities. America has forgotten that corporations exist so people can have jobs and raise families not the other way around. If something doesn’t change soon we will be living in a new Age of Robber Barrons . These executives expect people to work for nothing and that’s exactly what we’ll end up doing unless the people of this country pick up their proverbial torches and pitchforks and let the nobles in the castle know that we won’t take anymore of their BS.

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By: danielgrattan http://blogs.reuters.com/reuters-wealth/2011/09/14/retirement-heist-book-asks-who-stole-americas-pensions/comment-page-1/#comment-8326 Sun, 09 Oct 2011 09:31:45 +0000 http://blogs.reuters.com/reuters-money/?p=19638#comment-8326 the euphimism “white collar crime” should be eliminated forever from our discourse

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By: Laurita http://blogs.reuters.com/reuters-wealth/2011/09/14/retirement-heist-book-asks-who-stole-americas-pensions/comment-page-1/#comment-8214 Thu, 29 Sep 2011 11:48:29 +0000 http://blogs.reuters.com/reuters-money/?p=19638#comment-8214 A criminal of the description above should be taken into custody just as regularly as the common street criminal. One may steal for subsistance or due to pathology, the other due to greed and a sense or belief of entitlement that is not there. Thievry is thievry, and the first criminal, the educated one is the more dispicable and unethical pig, as to the sheer number of victims!!!!

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By: Rumplestilskin http://blogs.reuters.com/reuters-wealth/2011/09/14/retirement-heist-book-asks-who-stole-americas-pensions/comment-page-1/#comment-8135 Thu, 22 Sep 2011 15:52:35 +0000 http://blogs.reuters.com/reuters-money/?p=19638#comment-8135 As a society we are regressing toward economic serfdom governed by a plutocracy. As long as Congress is “bought and paid for” it isn’t going to get any better…especially with a pro-Corporate Supreme Court.

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By: aligatorhardt http://blogs.reuters.com/reuters-wealth/2011/09/14/retirement-heist-book-asks-who-stole-americas-pensions/comment-page-1/#comment-8008 Sat, 17 Sep 2011 17:41:46 +0000 http://blogs.reuters.com/reuters-money/?p=19638#comment-8008 Millions of US citizens are well aware that their savings and retirements were stolen through stock market manipulation, fraud and embezzlement. The question is when is the SEC going to hold the thieves accountable and seize assets to be returned to the rightful owners?

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By: minipaws http://blogs.reuters.com/reuters-wealth/2011/09/14/retirement-heist-book-asks-who-stole-americas-pensions/comment-page-1/#comment-7965 Thu, 15 Sep 2011 12:54:33 +0000 http://blogs.reuters.com/reuters-money/?p=19638#comment-7965 Large Corporations plundered pension plans, shipped millions of jobs overseas, overpaid CEO’s and top executives and they don’t pay their share of taxes. They need to participate in America. Greed is the fall of Democracy.

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