POLITICAL: Switch all pension plans to defined-contribution!

Saturday, October 11, 2014

http://www.economics21.org/commentary/wake-call-public-pension-systems

A Wake-Up Call for Public Pension Systems
Jason Russell | 10/03/2014 |

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For decades, public pension systems have been doling out more than they take in. Labor unions have stymied reform efforts, but the latest estimates of the public pension gap may finally serve as a wake-up call.

A new study from Moody’s Investors Service, the bond credit rating business, reports that the level of unfunded liabilities for the 25 largest state and local U.S. public pensions is now more than $2 trillion. The gap is more than three times higher than it was just a decade ago.

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No one wants to see pensioners live poorer lives, caused by broken promises and bankrupt pensions. The public pension system’s integrity must be protected with common-sense reforms that acknowledge the reality of the constantly growing pension gap. The ideal reform for struggling pension systems would be a switch from defined-benefit to defined-contribution pension plans.

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For the various Pepuls Republiks of Nu Jerzee, Nu Jerk, Taxachusetts, Kalifornication, and Flori-Duh, it’s too late.

The Teachers Unions, the politicians, the bureaucrats, and Crony Capitalists control the Gooferment.

Best possible outcome for the poor and the taxpayers is that these “disaster zones” go broke. Like Detroit.

Withdraw your consent by leaving these “theft zones”. 

Expect the worst.

Buy a mini bond, you must be out of your mind.

Even a silver coin will preserve your wealth better!

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ECONOMICS: 15$ minimum wage

Friday, September 19, 2014

http://www.tpnn.com/2014/09/08/did-the-fast-food-minimum-wage-strike-just-backfire/

 

Did the Fast Food Minimum Wage Strike Just Backfire?
September 8, 2014
By Matthew Burke

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TPNN radio host Tim Constantine of The Capitol Hill Show reports that the fast-food strikers have just shot themselves in the foot…big time.

“This company called Momentum Machines, has built a robot that could change the fast food industry forever,” announced Constantine. “The robot can slice toppings like tomatoes and pickles immediately before it places that slice onto your burger, so you get the freshest burger possible.” he reported following the Astroturf strikes organized by big labor unions and not necessarily even the workers of businesses like Burger King and McDonald’s.

“The robot is more consistent, more sanitary, and complains less, than your average worker,” Constantine explained.

“Here’s the kicker,” revealed Constantine: “The robot can produce 360 hamburgers per hour,” which equates to approximately one burger every ten seconds, much faster and efficiently than any human could.

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From an economic point of view, it’s a no brainer. 

Robot Burgger Makers are cheaper than “Human Resources”.

I’ve told the tale of AT&T and the Elevator Operators. http://wp.me/pg9z-2Eb

Those ladies were casualties of the Federal Minimum Wage diktat. I know one who never had the skills to get another job. Wonder who else that happened to?

Cui Bono?

So let’s look behind the scene as to why this ASTROTURF group is campaigning.

Clearly, the minimum wage burger flippers will be out of a job faster than you can say: “You want fries with that?”

Big Labor knows that a rise in the minimum wage will directly escalate the Union wage scale. And bureaucrats know that the Gooferment pay scales will all rise to “compete”. Big Unions knows bigger paychecks means bigger Union dues.

So once again, we find the roots of the “minimum wage problem”.

Now dare I say this is a racial or “Social Justice” issue. Not for it, but against it. What is the Black Youth Unemployment rate? Will increasing the minimum wage decrease that? Not likely! And, how is it justice to put people on the dole. 

Talk about “moral hazard”? It’s not even close. 

Argh!

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GOVEROTRAGEOUS: Family farms … the latest target?

Friday, May 4, 2012

http://ncc-1776.org/tle2012/tle668-20120429-03.html

The Wholesale Slaughter of America’s Family Farms
by Jonathan David Morris

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Case in point: Secretary of Labor Hilda Solis and her unbridled effort to obliterate family farms.

Last August, the Department of Labor looked around, scratched its head, and decided the new thing it should focus on was applying child labor laws to agricultural settings. Offhand, you’re thinking, “Well, shouldn’t they be applied?” Well, sure. In a corporate feed lot. What we’re talking about here is the use of children on farms that those children’s families own. Put into practice, these laws will, in the words of a Department of Labor press release, prohibit children under the age of 18 from “being employed in the storing, marketing, and transporting of farm product raw materials.”

Furthermore, the laws would designate a number of farm-related places as completely off limits to children. Dangerous places like country grain elevators. And silos. And… livestock auctions?

Our country isn’t as loaded with family farms as it used to be hundreds of years ago, but such farms do, indeed, still exist, and these child labor laws would do nothing short of hurt them.

According to Secretary of Labor Solis, the reason for this move is simple. “Children employed in agriculture are some of the most vulnerable workers in America,” she says. “Ensuring their welfare is a priority of the department.” It doesn’t take a genius to know that any time the government cites the children as a reason for an action, all of us should be extraordinarily nervous.

So let’s look at what these laws would accomplish, before we determine why.

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Obviously, just another payoff to “Big Something”. 

By “Big Something”, just consult the Sheeple’s dictionary: 

“Big Pharma”, who controls the FDA. “Big Labor”, who got the lion’s share of the GM takeover. “Big Banks” who got the bailout to loot the Treasury.

So in this example, the Big Corporate Farmers are getting a subsidy  from the taxpayer directly and indirectly. Wonder who pays for the lobbying. And, campaign contributions. Think back as to “cui bono” (i.e., who benefits) from the genius idea to put food plants into our gas tanks when a large chuck of the world’s population is starving? If you think the Consumer or the Taxpayer, then I have a bridge to sell you!

Argh!

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