Welcome to the Social Surplus - or rather, welcome to how I have chosen to use part of mine. I focus on the issues I feel are important: energy, the environment, the economy, and anything else I find hidden on the internet that seems interesting.

For a background on the concept of a Social Surplus , check out my first post.


Thanks for visiting!


Monday, August 4, 2008

About that pension plan...

This article on the Huffington Post made me angry. It seems that "Big Business", particularly their executives are always getting themselves into trouble. This time, it's by hiding their own pensions in with average workers', allowing them to get tax breaks and weedle money out of the system for their own (and their friends') benefits.

I know, I know... I'm sure they were well intentioned. After all, saving taxes means more money to shareholders, which surely helps the common American somehow .... wait, that money never does get filtered back down. Tax payers have to make up the difference with more national debt - and that tax savings gets directly passed on to those already making million-dollar salaries.

From the reporting, it doesn't sound like it was technically illegal. Just of questionable moral integrity. So what does that mean? Means that our Senators need to close a loop-hole, before more executives retire and drain pension funds intended to help those who really need it.

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