Ok let’s say pension isn’t a crazy idea. Can you please tell me why I don’t have it? I have a college degree but don’t work for Govt./GM. BTW, Govt/GM are prime examples how things should NOT be managed. I would love to get pension so how can I get it?

It’s NOT sustainable. Look at what happened to GM.

You don’t have a pension because you live in the United States. Autoworkers (and workers of all sorts) have excellent pensions, healthcare, and retirement benefits in other countries. This has not stopped BMW, Porsche, Mercedes, Ferrari, etc… from making high-quality cars and being very successful in the marketplace.

The workers there got and keep their pensions by organizing and not being afraid to shut the country down. In France unions routinely shut down trash service, public transport, and factories over threats to reduce their 5-weeks of vacation or retirement benefits. But of course those are socialist countries and we can never have that sort of thing here in the US.

So I guess to make a long story short, most of us Americans will probably never have a pension. Unless you’re a firefighter (they have a union to protect them). But I suspect that we’ll be “privatizing” fire protection at some point so they will probably lose their pensions as well.