The Real Problem Is the Pension Deficit

Pension managers get more and more desperate as interest rates go down, he says. "They'll listen to almost anybody that promises em they've always had that tendency anyway" But if you're a company and you put a plant there, you can't move the plant in five or ten or 20 years,. As the taxable base of individuals falls down, simply because people select out of being part of the population, you can’t select out very well as a corporation.