https://calwatchdog.com/2016/12/20/calpers-considers-rejects-efforts-end-tobacco-divestment/ Wed, 21 Dec 2016 12:03:02 +0000 hourly 1 https://calwatchdog.com/2016/12/20/calpers-considers-rejects-efforts-end-tobacco-divestment/#comment-123347 Wed, 21 Dec 2016 12:03:02 +0000 http://calwatchdog.com/?p=92386#comment-123347 Private property will be appropriated for funding pensions in SF long before benefits are cut.

]]> https://calwatchdog.com/2016/12/20/calpers-considers-rejects-efforts-end-tobacco-divestment/#comment-123343 Tue, 20 Dec 2016 21:40:27 +0000 http://calwatchdog.com/?p=92386#comment-123343 At least the parameters are becoming clear. A huge bill will eventually become due in taxes and/or reduced benefits, but the Democratic politicians do not yet feel enough pain to even maximize the returns – a fair assessment of the priorities of California voters.

]]> https://calwatchdog.com/2016/12/20/calpers-considers-rejects-efforts-end-tobacco-divestment/#comment-123341 Tue, 20 Dec 2016 19:19:00 +0000 http://calwatchdog.com/?p=92386#comment-123341 It seems like government pensions are pretty lavish to begin with. They need to be cut way down, even out. The size and scope of government is way too big, and that should be cut way down, along with taxes. Tax reduction would open up jobs for laid off government employees. While it is necessary to keep pension promises to remaining employees, new employees should have a new plan whereby pensions are greatly reduced and employees are told up front that they are primarily responsible for their own retirement savings. This way the investment issue will be at least partly solved.

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