Legacy Costs Insights
He was one of the earliest automotive writers to discuss the looming legacy cost crisis for GM and Ford. In this article, Flint proposed the controversial measure of taxing all U.S. auto sales in order to fund legacy healthcare and pension costs for GM, Ford and Chrysler workers. He premised this proposal on the idea that, in bankruptcy, the United States public would have to pay these costs anyway due to the American government's pension guaranty program.
Read more about this topic: Jerry Flint
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