Off-Topic: Proposal by the President of the SEIU

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	Name:	lotowner -
	Subject:	Proposal by the President of the SEIU
	Date:	3/24/2010 5:05:38 PM

The Retirement USA Initiative

The SEIU (Andy Stern's unions) is promoting a plan to centralize all retirement plans in the United States. The plan is called "the Retirement USA Initiative" and it would create one government pension plan for all American workers.

Here are some of the basic tenets of this government retirement plan:

* Benefits that move with you, even if you change jobs (or don't have a job because you are a moocher)

* Payouts only at retirement (which will be earlier and earlier because .. hey .. the government will take care of you after that!)

* Shared responsibility among employers, the government and employees (ie. spread the wealth)

* Pooled assets, controlled by professional investment managers (government bureaucrats)

What's not being said here is that this grand retirement plan will eventually result in the confiscation of all privately-held retirement accounts. This means your 401K plans, your IRAs and even your private pension plans. You see, in our grand new egalitarian society you just cannot let some people have more set aside for retirement than others. It just isn't fair. Everyone deserves the same retirement income, right?

Still don't believe this is on the way? Fine. Then you can sit here suffering the consequences while people who actually made their escape plans look sadly at you and what was once their country from under a palm three somewhere.
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