GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Bankruptcy and Legacy Benefits. Time to Eliminate Them.

onwebcam · 07-22-2013, 01:46 PM

This has become an epidemic of CEO's getting paid millions to restructure companies by filing for bankruptcy to avoid paying out pensions and it won't end anytime soon. If municipalities would quit borrowing money like drunken sailors with unlimited credit lines and then taxing the hell out of their citizens to pay for it then it wouldn't be a problem for them. My city just finished up their latest multi-billion dollar "investment" which is projected to lose millions more for years to come and that's just on the electric bill. It's no surprise to me when they say "it will be made up on tax dollars" hoping everyone will forget it's not a profitable "investment" and another reason to raise taxes.

07-22-2013, 01:46 PM
onwebcam Fake Nick 1.0 Industry Role: Join Date: Oct 2005 Location: Rent free, your head Posts: 27,653	This has become an epidemic of CEO's getting paid millions to restructure companies by filing for bankruptcy to avoid paying out pensions and it won't end anytime soon. If municipalities would quit borrowing money like drunken sailors with unlimited credit lines and then taxing the hell out of their citizens to pay for it then it wouldn't be a problem for them. My city just finished up their latest multi-billion dollar "investment" which is projected to lose millions more for years to come and that's just on the electric bill. It's no surprise to me when they say "it will be made up on tax dollars" hoping everyone will forget it's not a profitable "investment" and another reason to raise taxes. __________________ PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete. Last edited by onwebcam; 07-22-2013 at 01:53 PM..