I want the control. I don’t trust companies to survive. I don’t trust the government not to screw it up. I would also like to pass the money on to my kids. That’s my biggest complaint with a pension.

It’s a tough fix. The fund has to be built back up before any real changes can be made.

I wasn’t suggesting them. My point is that pensions are not magical. The money is invested in the same market as 401K’s. You get some stability in exchange for a lower return.

Right. You do that by making sure they can take care of themselves, not taking from others.

Sorry, I forget you only want to read what fits in your little bubble. The Huffington Post is more your style then the comments section.

So you are one of those people who makes up arguments? That’s much easier than disputing facts with logic. Please show me where I said or even implied it’s a “sweet gig” being poor.

Yeah. You are plagiarizing Obama. I think he plagiarized Elizabeth Warren. It has nothing to do with this conversation. I pay taxes also. I don’t feel jealous toward wealthy people and i don’t need to take more from them.

Nothing you sad is based on reality. It’s all in your head. I will take care of myself and my family. I don’t need to suck off the teet of others.

MANY of them don’t.

How do you think most pensions work? It’s employee money. Employers also contribute to 401k’s. This isn’t an opinion. It’s math.

Yes. It’s stealing when it’s excessive. You are not looking for a safety system. You are looking for redistribution. Communism hasn’t worked anywhere.

It’s a terrible policy. Stealing from the wealthy does not help anyone. It only creates learned helplessness. It’s their money, not yours.

Pensions are not magic. They are based on the amount of money he and the city contributed over his career. They base his pay on an estimated rate of return and his expected lifespan. Usually they get less money if they are going to transfer it to a spouse.

You make more money in your 401K then you ever would in a pension. It’s safer also because you have control over it. If you really want that guaranteed payment, buy an annuity (don’t, it’s a bad product). It basically works the same way a pension does. They invest your money, pay you a guaranteed amount and keep the…

They also pay no taxes so by definition they can’t have a tax cut.

If you take the cap of social security, you are just looking to redistribute the wealth. Most people will never get their money back as it is.

Everything about this is ridiculous.

The lottery is entertainment, not an investment. For two dollars you can imagine what it’s like having more money then you could ever spend. (6.6% is a pretty bad rate of return).

That’s cheating now? Seriously... Let me sum up the article:

Rounders. I think it’s the only movie I ever walked out on.