"Do you realize the kind of shit we’re capable of? Have you ever heard about the great pension plan conversion scam? All these big old giant companies were sitting around billions of dollars in their pension plans. They money’s just sitting around doing nothing. It’s just this big fucking pool of money that’s sitting there because you’ve got hundreds of thousands of retirees and the law says you gotta keep enough money to meet your huge pension obligation.
‘But here’s the thing. You see that money, and you want it. Right? Who could resist? So what do you do? Simple. You change the pension plan to some kind of new phony-baloney plan and in doing so you reduce the obligation. I mean it’s like magic! Suddenly you’ve created a surplus in the pension fund. You apply that to earnings, and guess what happens? The stock goes up, and you get a big bonus. That’s right. Sure, the old folks howl, because their monthly pension payment went down and now they’ve got to pay through the nose for health care that was supposed to be free for life. But you know what? That arrangement was goddamn socialism. It was a cancer on our competitiveness. It was a boil that needed to be lanced. Now it’s tough because you’re not talking about screwing over nameless, faceless customers — you’re talking about fucking over the people who used to work with you. The people who hired you and trained you. The people who built your company and then were foolish enough to hand it over to you. And now they’re filing lawsuits, claiming that you took their retirement money and put it into your pockets. Which is, in fact, exactly what you did. But you know what? Boo fucking hoo, idiots."
Suddenly that "socialism" you've been ranting about not wanting doesn't sound so bad does it?
Here's the clue: 99.99999% of us aren't in the game and don't benefit from things like this.
What we do benefit from? Socialist benefits packages and labor unions that stick it to the 0.000001% who have all the money.
(Via Fake Steve Jobs.)









