Comments by "worn down" (@worndown8280) on "GREEDFLATION: The REAL Reason Everything is So Expensive" video.

  1. Ive never seen a pension plan that required working until 65. I think you dont know what you are talking about, respectfully. Historically the average pension plans paid out when a worker was no longer able to work or when a worker turned 50 or 55. They could be pushed back further for an increase in payments, because pensions are just insurance and it is done via actuarial tables.. It was not designed to keep a person at their working standard of living. It was designed so the person wouldnt have to depend on their children or die destitute on the streets if they didnt have any. The problem came in the 1970s when unions wanted ever increase pension benefits due to increases in inflation and so companies not telling the workers sorry we can afford it long term, agreed. And kicked the can down the road until they went bust or had to renegotiate. In the 1980s the same thing happened in public pension systems. None of them are sustainable. But people want to believe in magic money, because reasons.
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  2. Get your own chickens and feed them. Dont buy their products. Or you can go on the internet and cry about it. Or you could just buy their stock. You have a lot of options.
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  3.  @alansewell7810  they didn't really. Most pensions were vested in 5 to ten years. Then the lo ger you worked for the company the larger your pension got. But at that time in American, outside two moments, the dustbowl and WWII, Americans were largely sedentary in their living locations. Before WWII only 16% of American workers had pensions. I get what you are trying to emote though. A lot of changes happened between WWII and the end of the cold war. Electoral choices made inflation all but certain dooming most pensions. Heck I have 3 pensions a 401k and an ira along with individual investments on my own. As soon as my pensions are available to me at 55 I'm taking lump sum payments.
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  4. Gold is cool till Brandon takes a page out of FDRs book and says you cant own it. And they give you 20 bucks an oz again. You can always not turn it in but then you are a criminal.
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