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Ayup. That's why we have Social Security, until it's gutted so the money can be handed to the rich. That's why we used to have employer paid pension plans, before they were terminated and the cost offloaded onto the employees.

Does anyone think it's purely a coincidence that the elimination of conventional pensions occurred over the same period as the draw down of savings and accumulation of debt that has fueled the "supply side economic miracle" of the last 35 years?

Steve
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