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Sears Canada Steals Pensions

Published: January 21, 2018
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Source: Ian Welsh

So, Sears Canada went bankrupt. Their pension fund is underfunded. Pensioners will be screwed. As usual, before going bankrupt Sears paid large dividends and bonuses to its executives, but somehow didn’t have the money for its pension.

This isn’t, but should be, illegal. Apologists may claim that if it’s legal, it’s not theft, but justice is not law, and fools who think it is should remember that everything the Nazis did was legal when they did it, as my friend Stirling Newberry often pointed out.

A society which regards its ordinary members are sheep to be culled for the benefit of its elites is an un-just society, and those who engage in such activities are villains.  Odds are, sadly, good that they will get away with it, but every once in a while, such offenses end in guillotines or bullets.


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