Title: The 401K hoax
I think it's Ed Wolff. Doug Orr -- an erstwhile pen-pal -- has argued for a while that 401ks were specifically designed to get the corporations out of their obligation to pay deferred wages (i.e., pensions). It was indeed a rip off.
JD
Gene Coyle writes:>I ag
t;contribution pension plans that have swept our economy in the last twenty
> >years:
> >
> >(Also for further reading I am told there is a good book with the title
> >The 401K Hoax by Bill Wolman)
> >
> >"The real purpose of 40K's and pension funds is to minim
;years:
>
>(Also for further reading I am told there is a good book with the title
>The 401K Hoax by Bill Wolman)
>
>"The real purpose of 40K's and pension funds is to minimize inflationary
>effects of paying higher wages.
Whether the sock bubble was engineere
