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View Diary: The goal IS to reduce the standard of living (386 comments)

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  •  What unions also need to do is be (none)
    very savvy investors with their current ranks' investments. I can't tell you how bizarre it is that some unions offer 401Ks in stock that have a known track record that doesn't even support the same values and visions that a union and its members would. How's that for self-defeating investments? They absolutely, absolutely, absolutely need to get their vision, goals and their money synched up at the back end, like socially responsible investing--some 401s don't even offer SRIs to members. This principle of spending and investment is also applicable for anyone making purchases (just about everybody?!); it's work, it involves research, it's time consuming, but really, if you know your interests are going to be resold to the lowest bidder, why would you make that sort of deal in the first place?

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