On 2018-09-07 16:15, John B. Slocomb wrote:
On Fri, 07 Sep 2018 07:49:45 -0700, Joerg
wrote:

On 2018-09-04 16:55, John B. Slocomb wrote:


[...]

But more important the state has between $713 billion and $1.02
trillion in unfunded pension obligation, the tax base is decreasing,
since 2000, more people have left California than have arrived from
other states every year, the gasoline tax is not large enough to pay
for road building and repairs. In short, taxes will have to increase
or the state will go bankrupt.
https://californiapolicycenter.org/c...-remains-grim/


The pension boondoggle has to be curbed. That is the only solution.


You mean that a guy ought to work for twenty years and not get any
form of retirement pension?


Get a reasonable retirement. Not 90% of salary at 50 or 55.

--
Regards, Joerg

http://www.analogconsultants.com/