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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 389.05

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Dec 10 4:00 PM EST

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To: Condor who wrote (50548)	5/27/2009 7:35:06 PM
From: TobagoJack	3 Recommendations Read Replies (4) of 218381

just in in-tray, wise words One of the reasons why US wealth producers will be taxed to death in coming years is the rising power of public sector worker unions. They have become mighty voting blocks , and politcians do whatever is deemed necessary to buy their votes. Recently Obama threatened to withhold 'stimulus' money from California if it were to make modest cuts in health care worker salaries (the fact that California is de facto, if not yet de iure, bankrupt, is apparently of secondary importance. California's mighty Service Employees International Union was reportedly allowed to 'listen in' on the phone conversations between Obama and the representatives of the state). The highest paid teachers in the nation reside in California (they earn 25% above average), and they allegedly provide some of the worst education available in the US. They do however have one of the most powerful unions behind them. Local governments are increasingly held hostage by the bureraucratic unions. The average public sector employee these days earns 46% more in total benefits than a comparable private sector employee (according to a study by the Employee Benefit Research Center) - and this happy state of affairs is now defended tooth and nail. Public sector unions are working tirelessly to make tax revolts more difficult, by e.g. supporting legislation that makes it more difficult to pass and enact voter initiatives and referenda. They are also doing their best to help stall property tax reforms to protect the state's 'take'. The parasites are slowly but surely devouring the host. suggestion: leave the empire, and/or get an invitation/rsvp to parasite ball, and/or getgold, or, best, do all three.

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