Monday, Jul 13, 2009
The great public-sector pension rip-off
Economist: Dodging the bill
In Britain the liability adds up to 85% of GDP.
There is, in effect, a hidden transfer from private-sector workers to their public-sector peers. In Britain it may amount to as much as 30% of pay.
Can someone list countries by off-balance-sheet liabilities so I know where to bet the next 25 years of my financial future on.
Posted by matt_the_hat @ 12:23 PM (395 views) Add Comment
1 Comment
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1. mr g said...
Not before time that this transfer of wealth was exposed.
We just need the sheeple to wake up and see how they are being robbed.