Retirement Plans as Blood Money
“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” – Upton Sinclair
I’m getting older so naturally I’m thinking about how to get by when I’m no longer able to work. Personally, I like what I do and can’t see retiring (assuming someone ever pays me for what I do) but I have to consider that I will one day be senile, incontinent and unable to work for money.
One of my employers recently passed on information on retirement accounts. Similar to a 401(k) plan, I put money into a pool and an intermediary invests that money into a certain set of well performing and diverse stocks. I get a reasonable return on my money and an agreement with the US Government allows a certain percentage of it to be drawn tax free upon retirement.
Looking through the lists of stocks, though, is a nauseating experience. The top performing funds contain equities in fine companies such as Exxon Mobil, Chevron, Pfizer, Coca-Cola, Philip Morris and a host of defense stocks. Obviously, though, there’s no way to guarantee that one’s investments are not linked to oil, big pharma and guns.
I take having my tax money go to further needless wars as something I can do little about. To actively and willingly profit off human suffering is quite something else entirely.
Americans, of course, are little interested in where their money goes, so long as they are guaranteed a solid rate of return. I implore all those with a conscience to dig through their portfolio and truly consider where the money comes from. You might be very unpleasantly surprised.