Always right there with the anal epithets, Cue dissociates himself from the real world of company pensions:
"George. I notice you spend considerable amount of time talking about shit you know nothing about. In this case the topic is me. I am getting CPP buddy and that is all. The last time I was in a union was the IWA, when I worked in forestry in the 80's.
As usual you have mixed up a lot of preconcieved notions about other peoples self interest (projection?) to fuel your anti-union hobby horse. I am not involved in "stock market" boondoggles, or "international investments". Nor are the unions actually, since they don't control how the pensions funds are used. They are controlled by a committee, in which the union voice is the smallest, as the teachers unions discovered when they tried to get Cadillac Fairview (a company you suggest they "own" and control) to negotiate a fair contract and rehire locked out CEP workers. In fact, the pensions funds are in control of a bunch of venture capitalists who are just as capable of losing all the pension money as they are of making it."
Then there was Cue, some weeks back, after explaining why he does follow the Ontario Teacher's Pension Plan's fortunes rather closely: "I am married to an elementary school teacher you fucking moron."
The teachers suffer along with all dependent on the finance capital industry, as Cue explained:
"Having a successful pension fund speculating on the market that might blow up at any minute, is not "asking for more". Indeed, the value of OTTP has decreased by 30 Billion dollars over the last 3 years, doncha know it.
Quote:After eight straight years in the top quarter of Canadian pension plans, OTPP announced that the pension plan lost $21.1-billion of its asset base, which represents a negative 18% rate-of-return for the year ending Dec. 30, 2008. The fund's total assets have dropped from $108.5-billion to $87.4-billion."
But of course, Cue, it has always been a matter of whose ox is being gored. In this case, it's a matter of explaining how the majority of workers are to EVER enjoy the old age that you face, if there isn't an acknowledged role for at least a market designed to improve their lot, controlled by a state that reflects social democratic values.