Will Team Biden Weaponize Workers’ Pensions?
Big Labor abuse of worker pension and benefit funds as a means of advancing union bosses’ self-aggrandizing policy objectives is a familiar phenomenon.
Could it be that freedom works every time it is tried? You betcha. Even Mitt Romney agrees that freedom from forced unionism, freedom from state income taxes, and freedom from unlimited harassment from an activist court are key factors in the Texas jobs machine. Gov. Rick Perry’s Texas economy has created one million jobs while the the country has lost 2.5 million.
From PolitiFact:
“Actually, what Americans are looking for is someone who can get this country working again,” Perry replied. “And we put the model in place in the state of Texas. When you look at what we have done over the last decade, we created 1 million jobs in the state of Texas. At the same time, America lost 2.5 million.”
Former Massachusetts Gov. Mitt Romney hinted as much in the debate, saying: “Texas is a great state. Texas has zero income tax. Texas has a Right to Work state, a Republican Legislature, a Republican Supreme Court. Texas has a lot of oil and gas in the ground,” Romney said.
In December 2000, Texas had 9,537,900 jobs, while the other 49 states and the District of Columbia had 123,032,200, Perry spokesman Mark Miner said. And in July 2011, Texas had 10,619,800 jobs while the rest of the county had 120,577,500. So, Miner said, Texas had 1,081,900 more jobs than it did in late 2000 while the rest of the country had 2,454,700 fewer jobs.
Big Labor abuse of worker pension and benefit funds as a means of advancing union bosses’ self-aggrandizing policy objectives is a familiar phenomenon.
What impact does handing a union monopoly power to deal with your employer on matters concerning your pay, benefits, and work rules have on your pay?
Wherever Big Labor wields the power to collect forced union dues, union bosses funnel a large share of the confiscated money into efforts to elect and reelect business-bashing politicians. Employment growth tends to lag as a consequence.