[quote=FlyerInHi]CAR, for example Los Angeles and other local governments need to fix their budget and pension problems alone. You want to make it conditional on a state wide prop 13 repeal and changes in the Federal Reserve system. It’s a boneheaded argument.
Earned or not, if there is no money to pay pensions, then benefits have to be cut.
Maybe public pensioners are more worthy than other “parasites”. But that’s not the point.
We have a legal process for entities in financial trouble.
You can’t go to court and say: our pension is out of money. Lets tax property owners so we can pay pensioners.
What you want is a political bailout, nothing less. If you want to sell your point of view, at least be honest about it.[/quote]
How about: “Let’s repeal the tax subsidies for real estate investor-owners so that we can pay the bondholders?” It’s not just employees who are expecting to be paid what’s been promised.
What you can do is get money from the “customers” who haven’t been paying their fair share of the infrastructure costs for decades.
