Re:Champions of the 401(k) Lament the Revolution They Started
by hudibras on Monday January 02, 2017 @08:49PM
(#13306031)
The HN crowd will never believe this, because it runs contrary to the beliefs of libertarianism and the what-I-vaguely-remember-from-Econ-101 crowd, but correctly-funded public pensions are completely sustainable. The main reason is that public pensions operate on a nearly infinite time horizon, unlike a worker's 401(k).
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Re:Champions of the 401(k) Lament the Revolution They Started
by grzm on Monday January 02, 2017 @11:15PM
(#13306671)
The HN crowd will never believe this
Please don't make generalizations like this, especially of a community you choose to participate in. Your comment reads perfectly well if you omit everything up through but.
Re:Champions of the 401(k) Lament the Revolution They Started
by hudibras on Tuesday January 03, 2017 @02:09AM
(#13307326)
Good point, thanks.
Re:Champions of the 401(k) Lament the Revolution They Started
by analog31 on Monday January 02, 2017 @09:27PM
(#13306188)
Long ago, conservatives believed that public assistance made people immoral. Then Ronald Reagan discovered that his own followers actually like their public assistance when it benefits them and not those "other" people. So conservatives changed their tune and began claiming that public assistance is "unsustainable."