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Committed to make a broken model work…

January 4, 2011

from CS Monitor & American Spectator

….Hungary…government made the citizens an offer they could not refuse. They could either remit their individual retirement savings to the state, or lose the right to the basic state pension (but still have an obligation to pay contributions for it). In this extortionate way, the government wants to gain control over $14bn of individual retirement savings.

… The [Polish] government wants to transfer of 1/3 of future contributions from individual retirement accounts to thestate-run social security system…..the money taken away from the savers will go directly to the state treasury and savers will lose about $2.3bn a year.

It starts out a little at a time – they relied upon the pension to live & we can’t put them out on the street, right? Right. As TL in Exile points out:

They earned it, they worked for it, it was agreed to by our governments to pay them this pension. ….they can’t throw all of those people out into the cold, it is inhuman. There will be protests from every public sector union in the book, every acronym will be deployed…..we will be told to tighten our belts, that to leave these people without funds would be an injustice. And it would, but they do not see the injustice of the correction of the injustice?

The uber wealthy – who have ‘people’ for every menial aspect of life may view higher taxes supporting civil servants who dispense charity as just another personal assistant relieving the wealthy of one more annoying duty. The rest of us? We don’t have “people” for that and we don’t really want to get any. We still do our own laundry and would prefer to handle our own charitable giving – we have to do our own financial planning & no one bails us out of having unrealistic investment expectations when we’re wrong or the market goes south.

The USA is likely a far way off from Hungary and Poland, but in an opinion piece in The Washington Examiner, it seems we’re at the beginning of a rather ugly process rebalancing the negotiating power of the pubic unions and the public they ‘serve’

What helped Margaret Thatcher get elected?

Farmers found themselves without foodstuff for their animals in a severe winter, and dropped the dead bodies of animals outside union offices.  Union officials retorted that the farmers had killed the animals themselves…

…Train drivers started striking.  Nurses demanded a 25% raise.  Ambulance drivers stopped working and hospitals started only accepting emergencies…Even gravediggers in the city of Liverpool went on strike, resulting in the dead going unburied for two weeks before they accepted a raise of 14%….

Garbage went uncollected for weeks, with London boroughs using famous parks like Leicester Square to pile trash.  Of course, the piles attracted rats

Oh, fun. Time for stockpiling and cases of Febreeze!

One Comment leave one →
  1. January 4, 2011 5:25 pm

    You’ll be forced by the government to share the Febreze.

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