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Title: The Wisconsin Lie Exposed – Taxpayers Actually Contribute Nothing To Public Employee Pensions
Source:
Forbes
URL Source: http://blogs.forbes.com/rickungar/2 ... g-to-public-employee-pensions/
Published: Feb 25, 2011
Author: Rick Ungar
Post Date: 2011-02-25 23:27:34 by lucysmom
Keywords: Politics, Pensions, lies
Views: 39258
Comments: 57
Pulitzer Prize winning tax reporter, David Cay Johnston, has written a brilliant piece for http://tax.com exposing the truth about who really pays for the pension and benefits for public employees in Wisconsin. "Gov. Scott Walker says he wants state workers covered by collective bargaining agreements to “contribute more” to their pension and health insurance plans. Accepting Gov. Walker’ s assertions as fact, and failing to check, creates the impression that somehow the workers are getting something extra, a gift from taxpayers. They are not. Out of every dollar that funds Wisconsin’ s pension and health insurance plans for state workers, 100 cents comes from the state workers." Via http://tax.com How can this be possible? Simple. The pension plan is the direct result of deferred compensation- money that employees would have been paid as cash salary but choose, instead, to have placed in the state operated pension fund where the money can be professionally invested (at a lower cost of management) for the future.
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#20. To: lucysmom (#0)
Then who is paying the bills? The tooth fairy? LOL. ALL of the compensation for government bureaucrats comes from taxpayers. ALL OF IT.
Who pays your bills.
My CUSTOMERS pay me. But they only pay me because they value the service I provide. If I provide lousy a service, they'll go somewhere else and stop paying. American public schools provide a lousy service by international standards. Everyone knows this. But we still have to pay! That's the point that you are other leftists just don't get. It's makes me crazy that you don't get it. You never talk about the real issues. To you it's always about the "rich" versus "poor" or the "workers" versus "management", blah, blah, blah... NO. The public schools provide a lousy service. Yet we still have to pay. That's the problem.
So move to a country with lower taxes and better services. American public schools provide a lousy service by international standards. Everyone knows this. But we still have to pay! Kind of like our medical system - inferior outcomes, higher cost, but You like that just fine cause its private. The average private school tuition in the US is $3,000 more than the average allowed per student for public schools. Non-sectarian school (those not subsidized by a church) is $9,000 more per year. You never talk about the real issues. To you it's always about the "rich" versus "poor" or the "workers" versus "management", blah, blah, blah... It's the Inequality, Stupid
I understand that. So did Pol Pot and your other leftist heroes. Yes, the left is all about equality. When they are in power they do a great job of making everyone equally poor and miserable -- everyone of course except the leftist ruling elite. Thanks for being honest about this.
Ah those painful memories of the Clinton poverty years.
Clinton was not a leftist like you. He cut spending and threw half off the people that were collecting welfare off of the roles.
He also raised taxes and proposed a national health care program. Nice thing was that when Clinton kicked people off of welfare there were jobs for them to go to.
A unionized public employee, a teabagger, and a CEO are sitting at a table. In the middle of the table is a plate with a dozen cookies on it. The CEO reaches across and takes 11 cookies, looks at the teabagger and says, 'Watch out for that union guy. He wants a piece of your cookie."
Soros, Obama and Ferret Mike are sitting at a table. In the middle of the table is a plate with a dozen cookies on it. Soros reaches out and takes all 12 cookies and then gives 9 of them to Obama. He tells Obama to give 5 of them to Ferret Mike. Unbeknownst to Ferret Mike the cookie is drugged. When Ferret Mike passes out after eating one cookie, Soros takes the remaining 4.
The Ignore Amos free speech fountain
There are no replies to Comment # 50. End Trace Mode for Comment # 50.
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#22. To: jwpegler (#20)
Then who is paying the bills? The tooth fairy? LOL.
#31. To: lucysmom, go54, capitalist eric, sneakypete (#22)
(Edited)
Who pays your bills.
#36. To: jwpegler (#31)
My CUSTOMERS pay me. But they only pay me because they value the service I provide. If I provide lousy a service, they'll go somewhere else and stop paying.
#41. To: lucysmom (#36)
It's the Inequality, Stupid
#42. To: jwpegler (#41)
Yes, the left is all about equality. When they are in power they do a great job of making everyone equally poor and miserable -- everyone of course except the leftist ruling elite.
#45. To: lucysmom (#42)
Ah those painful memories of the Clinton poverty years.
#46. To: jwpegler (#45)
He cut spending and threw half off the people that were collecting welfare off of the roles.
#48. To: lucysmom (#46)
#49. To: Ferret Mike (#48)
A unionized public employee, a teabagger, and a CEO are sitting at a table. In the middle of the table is a plate with a dozen cookies on it. The CEO reaches across and takes 11 cookies, looks at the teabagger and says, 'Watch out for that union guy. He wants a piece of your cookie."
#50. To: Ignore Amos (#49)
Replies to Comment # 50.
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