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Old 07-31-2013, 11:19 AM   #32
Rohirrim
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Join Date: Jan 2003
Location: Twixt Hell & Highwater
Posts: 54,504

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Malik Jackson
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Quote:
Originally Posted by nyuk nyuk View Post
The idea of a right to live for upwards of 40 years for free of a pension from an old job is preposterous. People need to shake out of the idea. Social Security is meant to be supplemental, which is why it's called supplemental. It's not supposed to be lived off of to the exclusion of all else.

Such programs were put into place when people lived much shorter lives than they do now. You simply cannot have tens of millions living off the dole for free and float an economy and medical system. If you can work, you need to be.

If you work for a city government, for example, and retire in 1990, you should not be entitled to live off the dole until you die in 2030. Ridiculous idea. Mooching. Destructive.
After Jack Welch retired from General Electric it wasn’t until a divorce settlement forced the disclosure of his retirement benefits package that anyone took any notice. At that time, the scandal surrounding Mr. Welch was that his perquisites were valued at $2.5 million a year, and included luxuries such as the use of an $80,000-per-month Manhattan apartment owned by the company, court-side seats to the New York Knicks and U.S. Open, seating at Wimbledon, box seats at Red Sox and Yankees baseball games, country club fees, security services and restaurant bills. No one at the time of his departure had valued Mr. Welch’s full retirement package either, which – at almost $420 million – dwarfs the perks package that Mr. Welch ultimately relinquished.
http://blogs.law.harvard.edu/corpgov...en-parachutes/
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