Re: EFES: President Bush's "Ownership Society" Ignores Employee Ownership

[Michael Bindner <bindner@IowaFiscalEquity.net>]

The article is a good start.  However, it could go farther in demanding that any "personal" or "private" retirement account include as a component some form of employee-ownership - at the option of both the employer and employee, and that these shares be CONTROLLED by the employees or the elected representatives.  The main problem with the Bush plan is that the fund managers will vote the shares without regard to the welfare of the employee-owners.

 

If the Left holds to this position, as well as demanding that the employer contribution be credited at the average income level, that the income cap is raised to make the system solvent (with automatic raises to assure that the same percentage of income is captured) - which would also raise the average, and that the trustees use a more realistic forecast, than some form of personal account may actually be acceptable, since at this point you would either have to lower the payroll tax or establish personal accounts with the surplus in the Trust Fund.

 

Also, while workers like ownership, they do not exercise nearly enough control.  I have laid out a few ways this can happen on my page - both in terms of control and in terms of PAY EQUITY.  See http://www.christianleft.net/21stCentury/unionowned.html and

http://www.christianleft.net/21stCentury/PayEquity.html

 

Michael Bindner

Marc Mathieu <marcmathieu@marcmathieu.be> wrote:

Dear Colleagues,

Some days ago, I forwarded a message about President Bush "Ownership Society". It was just before the "State of the Union" speech.

This is now an opinion from the NCEO after Bush's speech:

 

President Bush's "Ownership Society" Ignores Employee Ownership
Despite all the rhetoric about an “ownership society,” the Bush Administration has ignored employee ownership. Even when the President spoke at Springfield ReManufacturing Company, one of the most notable of employee ownership companies, he didn’t say anything about the idea. The phrase nonetheless creates an opening for employee ownership advocates to press the issue with colleagues and representatives. For an NCEO article on the topic, go to:
    http://www.nceo.org/library/ownership-society.html
We encourage you to email this link to contacts.

Marc Mathieu

 

FORUM OF THE EUROPEAN FEDERATION OF EMPLOYEE SHARE OWNERSHIP - EFES

FORUM DE LA FEDERATION EUROPEENNE DE L'ACTIONNARIAT SALARIE - FEAS

 

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Michael Bindner

http://www.iowafiscalequity.net
http://www.christianleft.net
http://xianleft.blogspot.com