Posted 12 years ago on Oct. 31, 2011, 12:26 p.m. EST by Adversus
This content is user submitted and not an official statement
If the government pays our pension out of it's tax revenue rather than us paying into a fund then this would remove the life blood they get from pension funds. They then wouldn't have a source of capital where they have no one to answer to.
As the problem is that we are shareholders in these companies/banks throught the pension system yet we have no control how they are run and therefore have no ability to curb management greed. Infact many of the managers of the funds sit on the boards so it's in their interest not curb board and management excess. After all it's not their money.
If shareholders or bondholders who have the power to remove excessively greedy directors don't do so or sell their shares and then later loose all the money. Well that's their own fault. There should never be bailouts as that's simply government investing our money which is far too at risk of corruption.
As most people now are worried about the future and their retirement then personally I think if only the candidates who guaranteed this where supported by the movement then it would be relatively simply to do.
Remove the pension system funding of the market and you'll remove the moral hazzard. This is the core that is rotten.
If the politicians then go back on their promises then it's time to get the guns.
Don't let ideologues take control.
I'm mostly quite a laissez faire captilist due to the fact I don't like/trust government control but the way the system is setup (almost forced pension funding aided by tax breaks etc) is neither right or left, just corrupt.
I'm a CEO of a small company and I've seen how the system works from the inside.