You should be so lucky.
Originally Posted by Doove
Huh??
Why the hell should I care about your wealth envy, or resentment, or whatever it is. I don't give a damn
why you seem to begrudge the success achieved by others. It's
your problem, not mine.
Your narcissism is showing again.
Originally Posted by Doove
Nah, it's just that you're such an insufferable prick that it's a hoot to taunt you. Remember last year when you wrongfully accused me of hypocrisy and dug up about 20 posts in a forlorn, stupid effort to make your case? Maybe you'll go off the deep end again and provide us with a little more entertainment!
You used a pretty broad brush to paint public sector employees.
Originally Posted by Doove
I hesitate to do this, since you rarely seem to engage in substantive discussion, preferring instead to simply annoy people with snarkey little insults. But OK, I'll try to play anyway.
It isn't so much public-sector
employees I have a problem with, it's public-sector
unions and the politicians they feed (and the favors that are returned in a feedback loop).
Take the state of California, for instance. About three-quarters of the legislature is in the pockets of public-sector unions. They've granted far more lavish defined-benefits pension and health care plans for retirees than the great majority of private-sector workers get. Private sector firms began moving to defined-contribution plans many years ago when it started becoming clear that they couldn't afford all the guarantees. California just announced that a previously expected $9 billion deficit has ballooned to $16 billion. And the problem will get much, much worse during the coming years. The simple fact is that union leaders (and the politicians with whom they are in cahoots) made promises they cannot remotely hope to keep.
And the unions won't back off an inch. In fact, they're now pressing for a ballot inititive to increase taxes yet again. Jerry Brown and a number of legislators are pushing for a 13.3% state income tax rate, the highest in the nation. Is it any wonder that so many firms have decamped for other states?
Many other states also have similar problems, although California's situation is the most critical. Many analysts say there's virtually no question that multiple states will need some sort of federal bailout within two or three years. Unfunded state and municipal pension liabilities add up to staggering sums.
Who do you think is going to pay for all that?
FDR was, of course, a champion of
private-sector unions. But he recognized as early as the mid-1930s that
public-sector unionization would create a massive conflict of interest and could lead to corruption on a very large scale.