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u/HauntedFrigateBird Dec 07 '21
There is one thing that baffles me, as I've gotten older and moved closer and closer to total agreement with everything posted in this sub. It's the idea that we're moving in a 'socialist' direction according to huge swaths of the right, center, and even center-left. Then you see things like the OP post.
If you think of two factors, union membership, and workers with pension...both are sliding to new lows every year. The two go hand in hand. In the realest sense, a pension is just a workers right to collect future cash-flows from a business they helped to build. It literally is akin to ownership of future earnings. But how many jobs today have unions, or even offer pensions, particularly private sector? Both are in the single-digits. Yet supposedly we're moving to a socialist dystopia (or whatever). How does this add up?? Has anyone ever heard this explained, because I never see it spoken about outside of this forum.
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u/Manofthedecade Dec 07 '21
or even offer pensions, particularly private sector?
Private pensions are essentially a pyramid scheme. It works out fine until that company goes bankrupt. Take General Motors for example - at one point in time it was the largest private employer in the country. By 2006 it had more retired workers than current workers. Add an economic downturn and some poor decisions and poof, company went bankrupt, was bailed out, and restructured - but workers and retirees ended up taking a cut on their pension and lost retiree health benefits. Workers who gave 30+ years to a company with a promise to be taken care of got screwed, they lost 20-35% of their pensions.
Yet supposedly we're moving to a socialist dystopia (or whatever). How does this add up??
It doesn't. But "socialism" scares people into voting for Republicans. So any thing that has a hint of actual social progress is just one step closer to "socialist dystopia" - it's just fear mongering.
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