Many people may not think about public pension plans as a moral issue. But my guest on the program today says, "The unwillingness to properly manage pension plans pushes the cost onto younger people and future generations, and forces them to pay for promises they did not make and for services they did not approve. Older generations receive public services without paying the full cost. The injustice and immorality of using millennials as piggy banks should be apparent to all but the willfully blind."
My guest on the program today will be Lawrence McQuillan - senior fellow and director of the Center on Entrepreneurial Innovation at the Independent Institute.
Featuring a sermon puts it on the front page of the site and is the most effective way to bring this sermon to the attention of thousands including all mobile platforms + newsletter.
Text-Featuring a sermon is a less expensive way to bring this sermon to the attention of thousands on the right bar with optional newsletter inclusion. As low as $30/day.
“ Include Social Security and Medicare? ” Same criticism of public pension plans can be made for Social Security and Medicare because both plans have today's youth paying for what the older generation is getting. Older people will say--no, it's not 'entitlement spending' but savings accounts I put money into. Sorry, but if both accts were that way, your balance would be 0, especially on the Medicare acct.
In the same way, anyone who buys a GM car is really paying for the retired GM workers pensions and medical insurance plans. Is that fair? Maybe they need to list it on the car's price tag, just like they put 'dealer prep charge' on it.
And how about Starbucks? That high-priced coffee is paying for free eyecare for their employees, even part-time ones that would get no benefits in other businesses.
In the end, life is not fair. Get used to it. Fair is a complexion of the skin or a condition of the skies or general weather condition.
