Quote:
Originally Posted by Jim in CT
Dad, after all that, and it turns out our positions are almost identical. The only difference is, I would require that younger workers (say under 35) hired under a pension, be forced to switch to a 401(k), of course keeping the portion of the benefit that they have earned. That's what the private sector did in the mid 1990s.
Yes, that answers my question. That was a direct answer, and I only needed to ask you 300 times to get it out of you.
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I also agree with this, but I think that anyone already hired should be either left alone, or some form of buyout in the form of a lumpsum payment equal to the current value of their pension be place into the new 401k plan to get them started. Like I stated earlier this post was strictly about the amount of income these people earned.
Also you previously stated in the private sector the companies make the customer pay for services they want. As an intelligent person I assume you would agree, that we all have wants and needs. Seeing as basic needs are that potholes are repaired, traffic, and street lights work, water and sewer work, someone protects our property, and someone teaches our children, then we must pay for these services as well. If we did not there would be fewer public servants to provide these services, cause like you stated you did, they would go to the private sector for more money.