For most of the 20th century, until the 1980s, each generation of retirees had a somewhat higher standard of living than the last. With the Reagan era advent of federal policies encouraging private employers to raid and discontinue defined benefit pensions, that trend stopped. The current generation of retirees are discovering that their 401Ks are almost never sufficient to allow a dignified retirement. They've been robbed. 401Ks are subject to the stock market, which favors insiders, and financial managers and the retirement-industrial complex extract as much as a quarter of all 401K savings in parasitic fees. In this Against the Grain interview James Russell explains why Wall Street loves privatized and individual retirement accounts, and hates defined beneift pensions and social security,
listen
http://www.againstthegrain.org/files/files/atg/atg_2014.11.12_401ks.mp3
This policy is unconscionable and flagrantly against international law. It is imperative that the U.S. lift these immoral and illegal sanctions.
From welfare queens and super predators to “Bernie brothers,” the democratic establishment is never short of boogeymen.
We have traded our interests in for “electability” and “anybody but Trump.”
Black Trillion Dollar “Buying Power” is a Capitalist Hoax
When South African track star Caster Semenya won a silver medal at the 2012 Olympic Games, critics claimed “she was cheating and had no right to compete with other women” because she performed more
