Everyone? Don't you mean just the people having to sacrifice to pay the CEOs? Must have been a typo.
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Thanks Ronald Reagan!
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Defined benefit plans during periods of rapid inflation do not work. Earlier contributions shrink as a proportion of eventual payouts
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Late 1970's early 1980's was a period of especially high inflation.
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When coupled with stupid "politically correct" or social experimentation investing like California does, it's disaster.
End of conversation
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And how insurance figures in:https://wilderwealthywise.com/high-carbs-harvard-insurance-and-avoiding-doctors/ …
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