ACCT 6230 Week 9 (1)
1.) Do you believe that disappearing postretirement benefits such pensions and medical benefits will shift costs from corporations to taxpayers who will have to subsidize higher Social Security and Medicare benefits and other social welfare costs? Do you think that corporations will be taxed at a higher rate to make up for the elimination of such benefits? What do you think the future holds for your generation’s retirement benefits?
2.) Do you think that the US Government will take over private pension and 401k/403b plans because of the dual pressures of unfunded liabilities (pension) weighing on company balance sheets, and corruption in the financial markets wiping out the value of many retirement accounts(401k/403b plans)? Why or why not? Please write atleast 1 page response for each question.
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