For a long time employer pensions have been disappearing, shifting the burden of
retirement on to workers. Many have no retirement savings at all.
Ignoring public opinion, Republicans would remove millions from health insurance so
they could save money for what they really want: tax cuts for the
wealthy. History shows tax
cuts do not pay for themselves. Having failed to cut health care,
gifts to the top 1% must be paid directly from deficit spending.
When Republicans are in office, as Dick
Cheney said: “ deficits don’t matter”.
Among Republican tax ‘reform’ goodies, elimination of the inheritance tax alone would
benefit, in billions, Trump $4, Koch $38.6, Waltons $51.6,
Adelson 12.2 … and also increase income
inequality, create a new aristocracy,
and further attack democracy.
Planning for retirement, your hard-earned nest egg must last for the rest of your
life, but your financial professional doesn’t have to work on your
behalf because the Republican Congress eliminated the fiduciary
rule. They may also severely limit the amount you can save in your 401k.
This brings up the question: Does the Congress work on behalf of the people ? Serious
academic studies found that it does not: Gilens
and Page of Princeton, Lawrence Lessig’s book “Republic
Lost” and others* conclude that Congress responds to funders, not people.
Although they found
$700 billion to kill people, it appears Republicans are pushing for
serious debt to benefit an elite. What kind of country does that ?
Just look at this statistic: the 100 largest CEO retirement funds are
worth a combined $4.9 billion. That’s equal to the entire retirement
account savings of 41 percent of American families!" A
Tale of Two Retirements (pdf)
"You live in a world today in which there is this perverse
system -- the more corporations pay their CEOs the lower their tax bill is." Senator
If you are considering Long Term Care insurance, be sure to
of Connecticut: Aging Services
Law Project for Elders (CLPE) 1-800-296-1467
About the AARP.
AARP the Magazine
Coverage of Long-Term Care in the United States (free ebook)