|
Tilted Cat Head
Administrator
Location: Manhattan, NY
|
Quote:
Originally Posted by Willravel
The most economically stable and successful markets are clearly in Northern Europe, and they're much more "socialist" (slightly more regulated markets and more social programs) than we are. If we're going to try and imitate those that are the most successful, shouldn't we be adopting a more European way of government and economics? Shouldn't we be investing in single-payer health care instead of buying out market failures? Shouldn't we steal Luxembourg's incredible education system model instead of insane programs like NCLB?
Statistically speaking, pensions aren't as big a chunk of investments as one might think. At that absolute most, they're maybe 10-15% of all assets. Considering how many pensions are out there, that's pretty tiny.
|
I'm not interested in rehashing out the particulars of healthcare or education in this thread. There are plenty we've debated them and this seems to be one I'm not going to dilute your OP with.
re: the pensions, can you verfiy that claim please. As far as I can tell it's large, here's an example of two of the largest:
Bear market bites CalPERS and CalSTRS pension funds | Money & Company | Los Angeles Times
Quote:
|
CalPERS said it lost 2.4% in the June 30 fiscal year on its $239-billion fund. CalSTRS’ $162-billion fund had a loss of 3.7%.
|
__________________
I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not.
|