>obscene pension liabilities What seems that way to you has turned out to not even be as much prosperity as it should have been for those having the most effec

>obscene pension liabilities What seems that way to you has turned out to not even be as much prosperity as it should have been for those having the most effective inflation-calibrated plans. There was no other way to even come close to what employers had intended for their people when they granted these benefits in lieu of full market pay. That's how destructive inflation was. And of course for the vast majority of retirees it has always fallen far short of what could have been since inflation has been calibrated over the years to continually bring the buying power of gains downward the more that accrue regardless.