The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Solo:
The pension plan lottery

May 2, 2005

Recently we got our 401K plan statements. The value of our pension plan was down. We have been playing this lottery for 20 years and the only ones that are winning are companies and brokers on Wall Street.

These 401K plans are just like the "private investment accounts" the Bush administration wants to set up for younger people.

What advantage is there in gambling on our futures? We need secure pensions.