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View Full Version : European Nations Begin Seizing Private Pensions



megimoo
01-03-2011, 12:25 AM
Peopleís retirement savings are a convenient source of revenue for governments that donít want to reduce spending or make privatizations.

As most pension schemes in Europe are organised by the state, European ministers of finance have a facilitated access to the savings accumulated there, and it is only logical that they try to get a hold of this money for their own ends.

In recent weeks I have noted five such attempts: Three situations concern private personal savings; two others refer to national funds.
SNIP
The most striking example is Hungary, where last month the 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.

http://www.csmonitor.com/Business/The-Adam-Smith-Institute-Blog/2011/0102/European-nations-begin-seizing-private-pensions

Apocalypse
01-03-2011, 12:45 AM
Tom Harkin of Iowa submitted a some what similar bill two months ago. One that would seize every ones 401 Ks and put it into a pool, one where the Unions would dip into first, then the government would dole out the remainder to the rest of us.

http://www.humanevents.com/article.php?id=39336

megimoo
01-03-2011, 12:53 AM
Tom Harkin of Iowa submitted a some what similar bill two months ago. One that would seize every ones 401 Ks and put it into a pool, one where the Unions would dip into first, then the government would dole out the remainder to the rest of us.

http://www.humanevents.com/article.php?id=39336

....No Matter what.Got to fund those teachers union contracts !

PoliCon
01-03-2011, 01:14 AM
Yea because teachers are the only unions out there!!1!!1!!!!1!:rolleyes:

Rockntractor
01-03-2011, 01:33 AM
Yea because teachers are the only unions out there!!1!!1!!!!1!:rolleyes:

Feeling guilty?:rolleyes:

megimoo
01-03-2011, 02:15 AM
Yea because teachers are the only unions out there!!1!!1!!!!1!:rolleyes:
Not the only but the largest by far .Bigger than the Teamsters,AFL_CIO and the rest .:rolleyes:

Every city and town in America of any size has a school system and all of the teachers are required to be union members .If you care to study the numbers. As the school systems grow they consume a disproportionate share of towns funds .They, by contract, demand more every year until they may,in some towns,actually dictate the tax rate .
New York City is a prime example of a 'run away' system that consumes vast sums and fails in education and as a result they are always deeply entrenched into the politics of the system .:rolleyes:

PoliCon
01-03-2011, 10:07 AM
Not the only but the largest by far .Bigger than the Teamsters,AFL_CIO and the rest .:rolleyes:

Every city and town in America of any size has a school system and all of the teachers are required to be union members .If you care to study the numbers. As the school systems grow they consume a disproportionate share of towns funds .They, by contract, demand more every year until they may,in some towns,actually dictate the tax rate .
New York City is a prime example of a 'run away' system that consumes vast sums and fails in education and as a result they are always deeply entrenched into the politics of the system .:rolleyes:

You are such a fucking retard sometimes. :rolleyes: The teamsters are part of the AFL-CIO which IS the largest union in the untied states.

PoliCon
01-03-2011, 10:08 AM
Feeling guilty?:rolleyes:

I have no problem with teachers getting the criticism that is our due - but he's clueless.

Rockntractor
01-03-2011, 11:29 AM
I have no problem with teachers getting the criticism that is our due - but he's clueless.

Are you at school now.

Odysseus
01-03-2011, 12:34 PM
You are such a fucking retard sometimes. :rolleyes: The teamsters are part of the AFL-CIO which IS the largest union in the untied states.

I wasn't aware that we were untied as a nation. It must be those damned bow knots. :D

Madisonian
01-03-2011, 03:24 PM
You are such a fucking retard sometimes. :rolleyes: The teamsters are part of the AFL-CIO which IS the largest union in the untied states.

I know the IBT and the SEIU split from the AFL-CIO in the somewhere around 2005-2006.
When did they reconcile?

As for individual unions, not an association or amalgamation of various unions, the NEA is still by far the largest with SEIU at #2, UFCW at #3 and IBT at #4.

megimoo
01-03-2011, 06:23 PM
You are such a fucking retard sometimes. :rolleyes: The teamsters are part of the AFL-CIO which IS the largest union in the untied states.The AFL-CIO isn't even a Union Idiot.
Today most unions are aligned with AFL-CIO .It's one of two larger umbrella organizations:

And speaking of a blazing lack of class and knowledge .And You have the Oasity to teach children ? for shame

The National Education Association (NEA) is the largest professional organization and largest labor union in the United States,

National Education Association (NEA) NEA.pngNEA headquarters in Washington, DC
Founded 1857
Members 3.2 million (2006)
Country United States
Affiliation EI

Today most unions are aligned with one of two larger umbrella organizations: the AFL-CIO created in 1955 and the Change to Win Federation, which split from the AFL-CIO in 2005. Both advocate policies and legislation on behalf of workers in the United States and Canada, and take an active role in politics. The AFL-CIO is especially concerned with global trade issues.

PoliCon
01-03-2011, 11:34 PM
Are you at school now.

Why? Does it matter?

Rockntractor
01-03-2011, 11:38 PM
Why? Does it matter?

It doesn't now, it's 12 friggen hours later you bum!

PoliCon
01-03-2011, 11:42 PM
I know the IBT and the SEIU split from the AFL-CIO in the somewhere around 2005-2006.
When did they reconcile?

As for individual unions, not an association or amalgamation of various unions, the NEA is still by far the largest with SEIU at #2, UFCW at #3 and IBT at #4.

I personally belong to the Pittsburgh Federation of Teachers (http://www.pft400.org/) which is part of the AFL-CIO. The NEA is also an umbrella organization. No one in PA belongs to the NEA - they belong to the Pennsylvania State Education Association. In West Virginia it's the West Virginia Education Association. In California it's the California Teachers Association.

PoliCon
01-03-2011, 11:44 PM
It doesn't now, it's 12 friggen hours later you bum!

Sorry - Some days I have more computer time than others. Today was a lecture/question and answer day.