Friday, June 08, 2012

Looking For A Pension Solution? Got It!

To the Tea Party:

Just follow the simple steps listed below:

1 - Change the income tax laws to give employee paid health insurance and retirements the same tax treatment as employer paid plans.  How could anyone oppose this?

2 - Adjust employee compensation to include the current cost of employer contributions for health insurance and employer pension contributions.  Let's get some transparency.  No more stealthy benefits.

3 - Make employees pay 100% for their health insurance and pension.  Alright, now we are cookin'.  Your're loving this.  It is enough to make you want to kiss Ron Paul.  Well, maybe not that much.

4 - Have the Social Security Administration post all W2s on the internet, including yours - not just government employees.  Include all personal and private information from the W2s that is now being disclosed for government employees.  Welcome to the nudist colony.  Take off your clothes and let us see what you've got.   Ooh, nice package - seven figure income.  Nice!  Nice!

5 - Require that all entities (individuals and corporations) use mark-to-market accounting for income tax purposes and pay ordinary income tax rates on any "gains."  "Let's Get Fiscal, Fiscal, Fiscal!"  (that's not an error)  Hey, this works great for pension plans.  You'll love it.

What's wrong Mr. Tea Party man?  Don't want to drop your pants in public?  Oh, I see - you only want government employees to drop their pants?  You want to hide behind a fig leaf of privacy rights.  Darn, just as I thought we were getting somewhere, you suddenly become modest.

Show me the money Mr. Tea Party!  Show me your money!  You have already seen ours.