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JDPriestly

(57,936 posts)

4. What people ignore is the fact that pensions are deferred pay.

Reply to WillyT (Original post)

Wed Jun 13, 2012, 02:33 AM

Jun 2012

If you own your own business, you need to save a certain percent of your income for your own pension, and you need to pay employees enough so that they can save.

That is hard to do in this economy, but everyone theoretically has the opportunity to save a bit while they work. That's what the pension system is about.

We should be more concerned about protecting Social Security than we are about who has a pension and who doesn't.

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Highlight:

Why Is Pension Envy OK But "Class Warefare" Isn't? - Digby/Hullaballoo [View all] WillyT Jun 2012 OP

I've been hoping someone would write about this. Gidney N Cloyd Jun 2012 #1

It's like that old Soviet joke... SunSeeker Jun 2012 #2

"I don't have to worry about the working class" MattBaggins Jun 2012 #3

What people ignore is the fact that pensions are deferred pay. JDPriestly Jun 2012 #4