The upward redistribution of income has cost Americans workers $50 trillion over the past several decades. On average, extreme inequality is costing the median income full-time worker about $42,000 a year.
Robbing workers’ pension funds has long been central to Wall Street's business model. A recent Supreme Court ruling opened the door for financial managers to take their looting of those pension funds even further.
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French workers cherish their welfare state. That’s why they’re striking. Macron’s proposed retirement reforms are latest attempt to erode the safety net. The people are fighting back. First anniversary of Yellow Vest uprising marks an historic moment
The government-promoted plans let employers completely off the hook and put the entire burden of retirement savings and investment management on workers. They put another nail in the coffin of traditional plans in which employers share the expense.