I'll gladly pay you in retirement for the work you do today

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Sunday January 23, 2011 · 8:38 AM PST

2011/01/23 · 08:38

Workers fall for this "Wimpy" argument everyday. As someone who has worked his entire adult life for large corporations I can tell you from experience that they over promise and over promote the potential benefits of 401k plans to their employees. I believe they do this to build up a benefit in your mind that suggests if you work hard now for less but put aside this money with Wall street, you will have more money when you retire (if you live that long)...this trick and trap works very well to distract workers from the fact that they are ultimately agreeing to a deal that means they are paid less today in exchange for the promise of a future benefit. Future benefits that get lost and stolen, just as Pension accounts are under attack during this economic downturn by conservative law makers who would rather go after pensions than tax the wealthy.

Asimo727

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Saturday January 22, 2011 · 7:18 AM PST

2011/01/22 · 07:18

The wealthiest 1% of households in America have quietly secured their own New Deal over the past 3 decades, and there is no end in site to the extra benefits and unique protections their class enjoys. It has always been common knowledge that the rich in societies inherently have some advantages when it comes to access to resources, and that they enjoy the types of perks and privileges that come with being wealthy. Their excesses have always been on display either in the gossip rags at the checkout lines at your grocery store or on television were you can tune into a channel called Wealth TV. The media outlets that get their ratings by Idolizing the rich are widely available for those who are into living vicariously.But something has gone wrong with our culture and our understanding of fairness. How is it that so many find it acceptable to allow the rich to play by there own set of rules free from the social obligations or civic responsibilities that everyone else lives by.

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I'll gladly pay you in retirement for the work you do today

Welfare for the Rich