I'm impressed how easily the interpretations in Adak's postings can change, depending
on whether his intent is praising a "conservative-" or berating "liberal-" theme...
Quote:
Originally Posted by Adak
...Yes, he was removed from public office, but the actual "crime" was way more of a technicality. ...
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Isn't that just another way of saying:
"It depends on what the meaning of the word 'is' is. ???
Then in his next paragraph we have the concept of an annuity being one of
those loathsome things that he ascribes to "liberal politicians" and "union workers"...
Quote:
Here's an example of the problem. We have a retired head librarian.
She made about $104,000 per year, tops, when she was working full time.
She makes about $112,000 per year, now in retirement.
How does she make so much in retirement?
Because our liberal politicians allowed all the city union workers to BUY years of service.
So the librarian bought about 10 years, at a terrific discount
over what she gets back, now and for the rest of her life.
And her retirement amount can NOT be reduced. Courts already ruled on that.<snip>
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Of course, the courts have ruled on it because annuities are designed up to do exactly that.
An annuity can be for as much retirement income "fixed, or for life" as they wish and can afford.
Here is a short video on "annuities"... it's a commercial, but still fair and balanced.
I'm pretty sure even conservatives in private business also buy annuities for their retirement.
It just goes on and on and...
