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Pensions are "a plan of the past," Ford CFO says (www.cnn.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 21 points 2 years ago* (last edited 2 years ago) (2 children)

Ford trucks can be vehicles of the past.

[–] [email protected] 5 points 2 years ago

I lost interest in ford when they killed the Fiesta/Focus.

[–] [email protected] 2 points 2 years ago (1 children)

If the ever actually decided to make a truck that wasn't the size of a small barge with a proper bed I wouldn't be upset.

[–] [email protected] 1 points 2 years ago (1 children)

The Ford Ranger with a supercab has a 6ft bed. It's about the size of the older f-150.

[–] [email protected] 1 points 2 years ago* (last edited 2 years ago) (1 children)

Fair point, as far as "modern" trucks go that one is reasonable-ish.

My dream car is a Ford ranger (or slightly smaller) sized cabover with an 8 foot bed. Something like a modern take on the Japanese Kei cars but with actual power (maybe electric) and towing capacity. It doesn't need to be able to move a 40' fifth wheel filled to the brim with atvs and motorcycles but just enough for a trailer with a ride on lawnmower or similar.

[–] [email protected] 1 points 2 years ago

That sounds like an awesome truck, honestly.

[–] Nioxic 11 points 2 years ago (1 children)

Why?

You want to work us to death? Save that lil pension money?

Wtf is wrong with corporations??

[–] [email protected] 6 points 2 years ago

The answer is that the line must always go up, preferably at a faster rate every year. The cruelty and contempt for workers is just a bonus. capitalist-laugh

[–] [email protected] 9 points 2 years ago

Plans of the past can be implemented. Plans of the future are nothing but handwaving.

Let’s have more plans of the past combined with some integrity.

Or, we say goodbye to yet another “too big to fail” corporation.

[–] [email protected] 8 points 2 years ago

So were guillotines.

[+] [email protected] -6 points 2 years ago* (last edited 2 years ago) (3 children)

Employer pensions don't make sense. If you want to forgo some of your purchasing powers to keep money for your later years, nobody is stopping you. There aren't any advantages in letting your employer do that for you.

[–] [email protected] 17 points 2 years ago (1 children)

You don't gain any purchasing power when they take away pensions. They just take them away.

[–] [email protected] 13 points 2 years ago

Exactly it's not like they got a raise when pension were taken away. What did go up was CEO pay and shareholder payout.

[–] [email protected] 8 points 2 years ago

That's a sound functioning theory, but a terrible practical outcome. Too many people are horrible at saving money for themselves and while you can have a "screw them then" outlook on those people, the simple fact is that our society would get really screwed up after a few generations worth of millions of 80 year olds trying to work because they didn't save money and everyone else would bleed money because of it.

Then you look at the predatory business model that's in full swing where boards are literally legally required to try and make shareholders as much money as possible that are designed to try and get people to spend any money they can and it becomes even harder for many people to save. Leaving everyone to just save for themselves will simply not work in this day and age. Too many people wouldn't manage it. It would ultimately mean the government would end up dealing with the millions on penniless people, which means tax dollars would be spent on them, which means YOUD be paying for their care.

[–] [email protected] 5 points 2 years ago

And yet everyone with pensions want to keep their pensions and everyone without pensions keep fighting to get them.