Comments on: L.A. proposal: That’s a pension tax — not a pothole tax

By: Hit A Pothole? It's Gonna Cost You – One Way Or Another | | taxgirl

Hit A Pothole? It's Gonna Cost You – One Way Or Another | | taxgirl — Wed, 29 Aug 2018 09:44:28 +0000

[…] Additional funds are also being sought in New York State, Philadelphia, and Los Angeles. […]

By: Rex the Wonder Dog!

Rex the Wonder Dog! — Mon, 24 Mar 2014 07:17:40 +0000

In reply to Ulysses Uhaul. LOL...kettle, meet pot!

By: Rex the Wonder Dog!

Rex the Wonder Dog! — Mon, 24 Mar 2014 07:17:15 +0000

In reply to SeeSaw. No, the troughers are being served with those taxes :)

By: Ulysses Uhaul

Ulysses Uhaul — Sat, 22 Mar 2014 05:19:29 +0000

Saw…….be nice to new trolls…

By: SeeSaw

SeeSaw — Sat, 22 Mar 2014 01:50:38 +0000

Mr. Bubble, CalPERS has earned 8.9% for the first seven months of the current fiscal year. Firemen are on duty 24 hrs a day–they do have to take time to stop for coffee–they might have to leave it sitting when the emergency call comes in though.

By: SeeSaw

SeeSaw — Sat, 22 Mar 2014 01:47:06 +0000

In reply to Mr. Bubble. The residents are being served with those funds.

By: Mr. Bubble

Mr. Bubble — Fri, 21 Mar 2014 21:28:11 +0000

I recently added Starbucks (SBUX) to my Ameritrade portfolio because it pays a dividend and I see firemen taking their long coffee breaks there every day. I figured if SBUX is a tax-supported business, I can’t go wrong with it. Unfortunately SBUX hasn’t been growing as fast as I had hoped. Now the Feds are ending QE and we may be entering a bear market. Pension funds are really going to be desperate for some way to achieve their assumed Bernie Madoff/Charles Ponzi 8% growth.

By: Mr. Bubble

Mr. Bubble — Fri, 21 Mar 2014 21:19:56 +0000

In reply to SeeSaw. Those four million residents don't have the funds.

By: Mr. Bubble

Mr. Bubble — Fri, 21 Mar 2014 21:17:18 +0000

In reply to SeeSaw.

Well actually pensions will not be fully funded–ever–because the money just isn’t there. CalSTRS needs $240 billion which is twice the state budget. If it comes to a municipal bankruptcy, then all bets are off. Cops and firemen in Detroit got to keep 90% of their pensions, but I was reading a piece in cnnfn.com about one retired fireman who was expecting a $4000 a month pension and now he’s getting $3600, and he also lost his health insurance, so I’d say that is a significant hit to his retirement benefits. We have one big buffer to pension costs reaching taxpayers, and that’s education. It’s very easy to cut funds to education and I’m glad more cuts are coming to schools. BTW I’m sure municipal workers won’t mind paying $4500 a quarter for their kids’ UCLA tuition. UC has a very big pension bill, too.

By: Rex the Wonder Dog!

Rex the Wonder Dog! — Fri, 21 Mar 2014 17:05:03 +0000

In reply to SeeSaw. It must hurt even more to have the truth force fed to you :)