This goes along neatly with my earlier of David Yamada’s post on living in a plutocracy. I recommend it.
In America, the very notion of a relatively safe and secure retirement is under relentless attack, and much of this broadside is coming from well-monied corporate interests, aided by supportive far-right politicians.
This is not by accident. Only when you connect the dots do you see a unifying force, and it’s very, very political. We haven’t been comprehending how the pieces come together because, frankly, concerns about America’s retirement funding crisis tend to be examined in silos, such as (1) Social Security; (2) public employee pension funds; and (3) 401(k) balances.
I’ve written a lot about the retirement funding crisis on this blog, but I’ve never pulled together some of the interrelated political threads. Here’s a start:
1. Attack on Social Security
Let’s open with the attack on Social Security. In reality, Social Security is among our most stable benefit programs. Although some of the concerns about the future stability…
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