Skip to comments.Karl Marx Has Answer For Looming Pa. Pension Pain
Posted on 03/05/2010 9:13:55 AM PST by Tribune7
An unlikely source provides the solution to the looming fiscal crisis concerning the funding for pensions for retired Pennsylvania state workers and public school teachers which is expected to cause the tax burden to rise by $1,360 by 2012 for the average resident of the state.
Obviously, the money has been contracted and must be paid. So what to do?
(Excerpt) Read more at billlawrenceonline.com ...
The principles of Marx only apply to other people’s money, not liberals.
In the book, While America Aged, the author says that Walter Reuther (the man who propelled the UAW to an all powerful force) came to recognize that auto companies could not sustain.
The auto industry managers would gladly agree to his future benefits demands to avoid devastating wage increases.
Reuther knew that the companies could not deliver, the managers barely considered it or did not care. It wasn't going to be their problem and / or they agreed with Reuther's true aim of having government handle all health care and pensions.
Basically Reuther was a social engineer and became a force in Washington aiming to transfer responsibility for health care and pensions to government.
As the American auto companies began their decline the state and local governments started on the same path that led to ruin -- and the Marxist-Alinsky campus rabble and their ideological issue started on the path to the White House to put America Herself on the now well-worn path to ruin.
Coincidence? I don't think so. Half /s
There is a simple solution to this. Impose a tax on income received from government pensions (state, local, etc) in an amount necessary to cover the shortfall.
It works for me.
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