Re: OT - What I love about the auto bailout


"nothermark" <nothermark@xxxxxxxx> wrote in message
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On Sun, 14 Dec 2008 22:55:22 -0800, "CalifBill"
<bmckeespam@xxxxxxxxxxxxx> wrote:


"nothermark" <nothermark@xxxxxxxx> wrote in message
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On Fri, 12 Dec 2008 21:26:16 -0800, "CalifBill"
<bmckeespam@xxxxxxxxxxxxx> wrote:


"nothermark" <nothermark@xxxxxxxx> wrote in message
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watching a bunch of mostly retired or about to retire folks wanting to
screw their fellow retiree's.

GM workers don't make as much as some of their Japanese counterparts.
The high overhead seems to be in the cost of retirement benefits
currently being paid and the job bank. They can, and should, drop the
job bank but I can't wait to take benefits away from somebody in their
80's and tell them to go back to work.

And why should people that have no retirement, or savings that have
decreased, pay for the UAW workers retirement?


why woud they?
If they are retired and broke they won't pay anthing.
If the yare retired with a bundle of cash in the mattress they are
lucky.
If they are retired with a bundle in investments they are already
paying, whining about decreased value, and trying get value back by
screwing somebody else. I'm not very symathetic toward group 3
depending on where they got their bundle.

Maybe group 3 worked hard, saved money, invested the saved money and lived
on less than they made.
Maybe they did. If they were workerbee's that were thrifty they won't
be well off enough to be overtaxed. If they were ripping off the
workerbee's I have some reservations depending on how they did it.

It's all a question of who you ripped off and how you did it. ;-)

why should those retiree's subsidize a UAW worker
who made above average wages for his working career and did not save for
old
age?

How do you know they did not save. When you are promised a pension
and base your spending on that pension it's the company that owes you,
not your fellow workers.

How about every other person who worked for a company that went
bankrupt and could not pay the pension?

Already insured by the Federal Government. My cousing the retired
steel worker thanks you for your contribution.

How about we tax the working union
members to take care of their retirees? I saved 10-20% of my money for 40
years. Maybe the retirees should have saved at least 5%!

The company, not the union, promised the pension payments.

Maybe they did save. Most of the factory workers I know don't
understand money well enough to go beyond the savings bank. That has
not had stellar growth.



So the company promised the workers a pension. If company fails, tough. I
and the rest of the taxpayers did not promise them lifetime largess.


.

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