so raw deals are showin up everywhere come on drop the sucker act tell me ya didn't see it in the cards all along is that the real you wallowing " good golly the benefits mister big promised me all those years ago why why they ain't comin true " please spare me the sob story none of this should have surprised any one this side of a padded cell come on think who signed those deals old Creepy Korp himself and the labor dons think about it in fact think twice hell a dollar not paid today and for what a fucking wish sandwich mirage a dollar saved today for 2 dollars some day over the rainbow -------------------------------- for the insiders gravy forget the obvious forget old moneybags angle take a look at your side union pie eaters get to thumb the funds check out the endless trail of union thievery along these lines and hey get this straight i don’t blame em it's not easy when so much unguarded lettuce flows passed ya who's laughin now sure today itsa hose job for the membership but the dons nephew's in palm springs ---------------------------------------- sounds familiar doesn’t it after 25 years of social security scares and hideously huge payroll tax increases not too far out to suggest maybe theSSI scares were a diversion a classic case of misdirection point at Uncle Sambo while putting your own timber to the tykes who knows BUT AT ANY RATE why so bad and obvious simple basically each pension was a ponzi scheme a fucking two bit Ponzi scheme set in motion with false promises and now out of control and eating itself alive that goes for any one of them pension swindles union or corporate -------------------------------------------- who benefited from this rip tide ofcourse who else come on the korpy types signed those deals groaned alot oh no don’t throw me in that briar patch think about it and the labor dons think twice about them hell a dollar today for them to play with and for what as i said " a fucking wish sandwich for the mother fucking membership" we see it now looking back at it the fucking dirty 70s especially that second half when the fucking doomsday machine struck back at those fucking loyal hard ons doin the grunt work with a one two one two inflation bing unemployment bang one two unemployment blam inflation blewy one two -------------------------- for wagelingers other then tight pants and doin the disco dickless the late 70's were like throwing up and shiting all at the same time ------------------------------------------ but those were the days that were today's different today we got what you call a two tier system for your younger guys your Xorons you got somethin named a defined contribution plan no one's defining benefits these days not for them not for the future that's one tier then for you veterans you with the old pensions the ones with promises to pay well they re under a siege worse then troy there's even talk of a generalized government take over kind of an S and L thing ------------------------------------ see folks old companys like GE and GM have these huge benefit over hangs....... likely there will be a series of corporate bail outs and taxpayer bail ins some pensioneers have already felt the squirm court backed welching Sears Campbell Soup “ well pard guess you ‘ll check the fine print next life ” ----------------------------- the old Morgan era guys they had a point when they fought the new deal but they lost and profiteers trying to survive the FDR robo wash racked up some fearsome l false promises and then the post 70 invasion came over here new alien companies a lot of them jap owned and run joined the dance and set off the thirty year wage war which flat out screwed the present with a phoney future the social contract went from redraught to no way late corporate arrivals lucked out if they got in after the bad new deal had already reverted to the old raw deal in fact many of them got to start fresh guilded age fresh so they have a huge advantage hence the uncle bail for the old rusters in a nut shell Toyota north America Vs General Motors problem NO PENSION PAYMENTS VS HUGE PENSION PAYMENTS answer no pension payments vs government assumed payments now its all back to fair ground --------------------------------------- rule of thumb knowable day one pensions will only survive if the dollar the korps put in them buys more then a dollar less in straight pay "we’ll put a dollar in today and in 20 short years just when you’ll want it you’ll get 5 dollars back" its a deal we’ll forgo the 2 dollar straight pay hike for that 5 to 1 offer hell just good bargaining ! call it benefit illusion to go along with money illusion the dollar taken home gets weighed against promised pay outs 20 -30 years out "and man here's the laugher we don’t got to make good on it" -------------------------------------- hey these corps are after profits like a sniffing dog the tumble up of times progress may hide the profit places for a spell or two but keep on sniffing sniffing sniffing and you'll soon enough find the new veins of gold up shot the whale bone big benefit promises went sour as they had to so corp types sniffed out defined contribution " hey hoss now that's a level field old firm vs new firm and the boyz can pick their own road to riches " better a projection then a promise ---------------------------------------- by the way all this social security fright week stuff is as false as Bill Shattner's hair tax power insures the benefits are doable but corporate pension wipe out isn’t a false fear companies can belly up sure the feds 'll step in but unlike the S &L the bail out is not clear and for sure not dollar for dollar so don’t bet the work out will be just as good as yer dreams like toxic dumping the Corps are looking for uncle's help and uncle's help means your help mr and msr tax mark easy guess it will shake out as part lost to tough luck and part put on the taxpayers credit card ------------------------------------------ digression pension socialism Aesop ‘s swindle the old give now get later blanket toss the Victorian era had a similar fantasy about worker ownership the best class reconciliation a mythical future citizenship made out of wageling-stockholders where everyone has a wage job and stock too the producers are themselves the profiteers back then the idea was coops a trend dreamed into a growing trend a trend that never happened baseball's players' league is emblematic of the whole movement whatever the reasons ever growing cooperative ownership never happened ------------------------- details ( can easily skip ) despite j s mill 's prediction that coops would prove " competitive " maybe even superior the markets selection process held another result going head to head coops vs caps caps 10,000 coops zero why no worker cap who knows maybe financial jim crow old mill thought win win here given his smithian fear of slacker wagelings he envisioned worker/owner paradise instead of giving the minimum effort they can get away with once workers own a piece they’ll start working faster better and longer cut them in and cut out the parasites and you'll get a moral and material pay off higher output and lower costs plus class war averted stakeholder- wagelings creates a self interest with a wide enough horizon for efficiency and technical progress thanx to the miracle of worker/owner mergery -------------------------------------------------------- appendix for bargainers the virtual corp contribution benefit keep one thing clear total cost per hour wages taxes indirect and direct benefits deducted and not deducted all have a way to be compared the only reason a union or a company pays anything other then take home is they have to by law or they’re working a scam now not all scams are on the workers though most are some scams are on the ass hole innocent outside stock holders and creditors insider benefits that's the whole game whether they cut in the creditors the union dons the local governments take over pirates or god forbid the first few waves of wageling retirees what ever or who ever it is the unwritten law's the law " cut a few in to cut more out " its arithmetic simple arithmetic and nothing else see ya suckers !!!!!!!!!!!!Posted by pinky at September 19, 2003 05:55 PM
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