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The pensions that are so underfunded (either due to corruption or bad math) they need repeated bailouts from federal taxpayers? Hope you’re in a sufficiently p
by lotsofpulp 7mo ago
The pensions that are so underfunded (either due to corruption or bad math) they need repeated bailouts from federal taxpayers? Hope you’re in a sufficiently politically influential union.
https://apnews.com/article/biden-business-united-states-government-and-politics-retirees-09d93d2af8cc68de47eccda4a9ef0250 https://apnews.com/article/biden-business-united-states-gove...
https://www.cnbc.com/2021/03/08/covid-relief-bill-gives-86-billion-bailout-to-failing-union-pension-plans.html https://www.cnbc.com/2021/03/08/covid-relief-bill-gives-86-b...
If federal taxpayers are going to bail out old people, might as well be the whole stock market so it’s not just a few politically influential unions that get bailed out.
Union members not in an insufficiently influential union can have their benefits cut:
https://www.pbgc.gov/employers-practitioners/multiemployer/introduction/pension-reform-act https://www.pbgc.gov/employers-practitioners/multiemployer/i...
- buellerbueller 7mo agoBail out individuals, not the wealthy. Certainly not corporations. The stock market is rigged in favor of corporations and wealth.