This has been debated forever. Lets face it, DB benefits are effectively a Ponzi scheme, based on the premise of a continuously increasing young population. The whole baby-boomer thing screwed that. I am at the lead of the baby-boomers, but I saw it coming and arranged my affairs to counteract that. If others didn't, that's because they were dumb and should have done better. So there is no way my kids and grandkids should be stuck paying for their stupidity.
If you show up at WalMart and they offer you a wage, you have a choice. You can accept it, or not. If you don't, then you don't work. If there is something better out there, go for it. If there isn't, that's the way of the world. You aren't worth more. Deal with it.
The part of your argument I do not at all understand or accept is that there is some "tiny little minority of unelected, wealthy individuals" who determine all that. Name some, describe some, explain this claim.
The fanatics really are short of ammunition. Canada needs Libyan oil as much as I need more grief. Actually. Libyan oil hurts the Canadian economy, so if you want to put on your tinfoil hat and say that he is going there to bolster the rebels so that the Libyan oil production is hurt for a longer time, I would have to work harder to combat that.
I disagree. Rona in each jurisdiction decides on a salary scale. If that wage attracts enough acceptable employees, that is fair market value. But if it doesn't, and I have seen this happen, they raise the offer till they can achieve the desired number and quality of employees. That too then is market value. It was more decided by the workers than Rona.
You just made my point. What the market will pay, what they are being offered, is the market value. What is "fair" is just the opinion of each of us. My opinion is that the market value is the fair value.
Mrs. RNG worked in the Tom Baker Cancer Centre for 13 years as a clinical dietitian. She tells me your mother's pattern is fairly common. Ironically, the radiation treatments that benefit patients so much also quite typically trigger more/other cancer in about 25 years.
Still not good, but I hope the 25 years she got were good for her.
Check this out:
http://www.google.ca/#hl=en&sa=X&ei=NMX6TevII4egsQPz69DeBQ&sqi=2&ved=0CBoQvwUoAQ&q=how+many+kids+who+inherited+wealth+are+rich&spell=1&bav=on.2,or.r_gc.r_pw.&fp=4c67f4257b0d9ef8&biw=1067&bih=491
Except I know two guys who worked at Rona, not quite minimum wage but darn close, who did save up, invest, compound their investments and are now set for a comfortable retirement. No vacations in Hawaii, no big SUV, no jet-ski, and doing good now.
Yup. Just like that ex-girlfriend I had who, when I told her my compost pile put CO2 in the air very seriously told me that compost CO2 was good CO2, not like that burning of fossil fuels CO2. I dumped her real quick after that.
I would like to make the point that most who "made it" in the stock market were either smart, or were smart enough to use a smart investment advisor. That is usually not luck.