On the heels of the ever popular socialized health care plan, we have the Service Employees International UnionÂ (SEIU), a powerful union and Washington lobby, looking to get their hands on your retirement plan.
It makes sense, of course, in a world of entitlement and forced mandates, that you are incapable of making your own retirement decisions:
One of the nation’s largest labor unions, the Service Employees International Union (SEIU), is promoting a plan that will centralize all retirement plans for American workers, including private 401(k) plans, under one new “retirement system” for the United States.
In effect, government pensions for everyone, not unlike the European system and regardless of personal choice.
The SEIU, which was integral to the election of Barack Obama as president, is working with the left-leaning Economic Policy Institute (EPI), and the National Committee to Preserve Social Security and Medicare, on SEIU’s plan, called “the Retirement USA Initiative.”
The proposed retirement system would be operated under the following parameters:
â€¢ Benefits that move with you, even if you change jobs
â€¢ Payouts only at retirement
â€¢ Shared responsibility among employers, the government and employees
â€¢ Pooled assets, controlled by professional investment managers
“The financial crisis and the economic recession have shone a spotlight on the inadequacies of today’s system,” said Stephen Albrecht, director of benefits for SEIU.
Yes, the current system is “inadequate.” But only because the current system has operated under a veil of Marxist policies.
We have a centrally planned economy controlled by a shadow banking system run by the Federal Reserve. We have laws on the books that do everything but promote innovation and growth in small business. We have one group of individuals forcefully burdening another group by taking wealth from those who have the ability and transferring to those who have a need.
Let’s do more of the same – in fact, let’s put total control of everything from mortgages to health care to retirement planning in the hands of the government.
A free market, laissez faire system couldn’t possibly be the solution.
The New KISS of death: Keep It Socialist, Stupid.