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Forum Post: Retirement Heist (Ellen Schultz) from Monday's "The Daily Show."

Posted 13 years ago on Oct. 19, 2011, 9:43 a.m. EST by bleedingsoul (134) from Youngstown, OH
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How disgusted I am to learn in this interview how corporations have played with workers' pensions to feed into the top 1%'s monsterous pensions. Companies taking out life insurance policies on their employees to pay into executives' pensions (mention also in recent years by Michael Moore) is completely immoral. By the way, it was approved through Congress...proving clearly to American People how corporations and government lay in bed together.

All these years of companies crying they haven't had profitable quarters is only because of the huge pensions put aside for these executives. Freezing thousands of their workers' pensions to feed the needs of the handful of executives is simply GREED. For example, GE has 6 billion dollars put aside for executives' pensions while their workers deal with little, if no gains in their pensions.

As much as I didn't care for Unions, at least they represent the thousands of workers for companies and not the company representing clearly the 1%. Stealing or freezing over 44 million workers' pensions is nothing to be proud of nor something you earned on your own.

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