State Wants to Run a Private Employee Pension System. Really?
With evidence all around that public pension plans are crunching government budgets, some legislators are proposing to create a new government program to oversee private pensions as well. Americans should save more for their retirement. Tax benefits make Individual Retirement Accounts an attractive way to save, but too many workers live paycheck to paycheck and […]
Let L.A. Be L.A.
Crossposted on New Geography Victor’s Restaurant, a nondescript coffee shop on a Hollywood side street, seems an odd place to meet for a movement challenging many of Los Angeles’s most powerful, well-heeled forces. Yet amid the uniformed service workers, budding actors, and retirees enjoying coffee and French toast, unlikely revolutionaries plot the next major battle […]
Checking the Books
To outsiders, California appears to be a decidedly liberal state. After all, Mitt Romney is unlikely to even contest California and our super high taxes and regulatory burden establish beyond any reasonable doubt that this sure isn’t Texas. It is true that, taken as a whole, our elected leadership is very much left of center, […]
Stockton Police Chief Rips Off $204K Pension
Crossposted on CalWatchDog Highway robbery was supposed to be illegal in California. But after just eight months on the job, Stockton Police Chief Tom Morris grabbed a $204,000 pension. No wonder state pension funds now require hefty infusions of cash from taxpayers — and soon will go broke. Bloomberg writes that Morris was: “the third […]