You guys can twist the facts around as much as you like. It is welfare for the rich and you know it.
The company's tax rate is 30% If that company is wholly owned by pension funds what would happen? The company pays 30% on behalf of share holders. Share holders are tax exempt. They get 100 of the the tax paid by the company back. How much tax has been paid on the company's profit. Zero. Hence by your own argument you have hung yourself.
Bottom line is that self funded retirees are receiving a pension from the government. The bigger the fund the bigger the pension.
This is the BS that the Conservative governments have fostered on this country. Attack the pensioners, attack anybody on welfare, but generously give to the rich via tax.
