Gene J. Koprowski over at MoneyNews.Com reports the following news item: "One of the nation's largest labor unions, the Service Employees International Union (SEIU), is promoting a plan that will centralize all retirement plans for American workers, including private 401(k) plans, under one new "retirement system" for the United States. In effect, government pensions for everyone, not unlike the European system and regardless of personal choice."
Perfectly logical to me. Isn't it? We now have national health-care insurance. Why not nationalize all defined-benefit plans (pensions) and defined-contribution plans. What's next? Nationalized religion? I think we have that, and it is referred to as the Federal Government.
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