“The tax gap isn’t the deepest divide in America. The deepest gap is the pension divide, between those few who have a guaranteed cushion in the form of defined-benefit pensions, which promise a fixed annuity at retirement, and those who don’t. How the candidates address this divide, cultural as well as political, is crucial, far beyond November. To understand the current mindset, it helps to consider the pension culture of the past. In the early 1980s, many companies, as well as governments, offered employees a defined-pension benefit when they retired. Thirty years ago, about 62 percent of American workers were covered by some kind of plan like this.”
http://www.ocregister.com/articles/defined-373034-pension-benefit.html
Related posts:
Should Americans Emigrate Or Defect?
No Containment in U.S. Health Costs
What if everything you know is wrong?
Conspiracy Theories vs. the Religion of Democracy
Treating Surveillance as Damage and Routing Around It
Cui Bono Fed: Who Benefits from the Federal Reserve?
Civil Unrest Coming to America
School Has Become Too Hostile to Boys
The Story of Kidnapped Costa Rican Internees in One of America's World War II Concentration Camps
Gold and Bitcoin: Currencies of the Future
The enduring mystery of U.S. offshore cash
Why a Police State?
The morning after: When a government destroys its currency
The Good News Is That the Bad News about Kansas Was Wrong
On Poisoned Ground: East Chicago’s legacy of lead pollution