Kind of missing the point. Those at the very top aren't having their pensions cut, they aren't being asked to pay extra or to work for longer. If the cuts need to be made then they need to be universal.
What on earth makes you think this?
The vast majority of private pensions for those at "the top" (wherever that is) will be linked to equities, which are taking a battering during a recession/depression.
Even worse for the main object of everyone's ire: the bankers, as it happens.
Here are the stock price changes since mid-07:
Goldman -47%
UBS -76%
Morgan Stanley -75%
JPM -30%
Citigroup -94%
Bank of America -89%
Pretty much EVERY employee there will have had the vast majority of their savings in stock.
Trust me, they are going to have to work a LOT longer to get the pension they thought they were due four years ago.
Sure the "top" will be mega rich still since they always were and -75% of mega rich is still rich.
But it is just ignorant to think the "top" don't suffer too.
What on earth makes you think this?
The vast majority of private pensions for those at "the top" (wherever that is) will be linked to equities, which are taking a battering during a recession/depression.
Even worse for the main object of everyone's ire: the bankers, as it happens.
Here are the stock price changes since mid-07:
Goldman -47%
UBS -76%
Morgan Stanley -75%
JPM -30%
Citigroup -94%
Bank of America -89%
Pretty much EVERY employee there will have had the vast majority of their savings in stock.
Trust me, they are going to have to work a LOT longer to get the pension they thought they were due four years ago.
Sure the "top" will be mega rich still since they always were and -75% of mega rich is still rich.
But it is just ignorant to think the "top" don't suffer too.