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How Sempra used cash-balance plans
61.Tax receipts go to many other things besides pensions === Not in this muni; "Just like scores of other communities across Rhode Island, if you live in Warwick, you’ve seen a steady increase in property taxes every year over the last ten years—more often than not, by the maximum allowed by law.****** But a GoLocalProv review of reports shows Warwick’s tax increases went, almost exclusively, to increases in the costs of benefits to city employees—not to increases in services or infrastructure. ****** To be more precise, 92.5-percent of all new revenue went to pensions, healthcare, salaries, sick pay bonuses, and longevity. The remaining 7.25-percent went to services and infrastructure." http://www.golocalprov.com/news/warwick-facing-pe… I stand by my comment, most of the gov's taxes today goes to gov employee compensation (90% in many munis), and a large chunk go to pensions.— November 28, 2011 10:41 a.m.
How Sempra used cash-balance plans
Wikipedia is a good START, but I agree that any info on Wikipedia needs to be verified. Much of the info on it is from gov sources and easily verifyed.— November 28, 2011 10:33 a.m.
How Sempra used cash-balance plans
You could EASILY shut down tax havens, including the Caymans, are you really that out of it Jeff. Here is my daily homework for you Jeff, research how the US COMPLETELY shut down the major Columbian banks a decade (and more) ago who were laundering drug money for the cartels. They could do the same with the Caymens and any other tax haven with the stroke of a pen.— November 28, 2011 10:32 a.m.
How Sempra used cash-balance plans
We need higher capital gains taxes. 15% is way too low.— November 28, 2011 10:29 a.m.
Construction Begins on Florida Street HousingWorks Apartments
Escondido (or was it someother north county muni??) built a low cost/section 8 type housing complex a few years back, a very fancy and nice one, it was horribly mismanaged and destroyed within 24 months, wish I could recall the name of that one....— November 28, 2011 10:18 a.m.
More Questions for the United Way in Their Involvement in CCDC Sponsored "Registry Week"
Yep, the ROI on these deals are ridiculous. I am not opposed to gov trying to help people, but not at these kinds of costs. The CA Unemployment Department spends 80 cents out of every dollar on administrative costs to run the program. 80% goes to the gov to run the thing while only 20% goes to the out of work citizen. That is not smart and this is typical of gov.— November 28, 2011 10:05 a.m.
San Diego Sees An Increase In The Cost of Luxury Homes
OK, I want to know WHERE the home in the picture is located. Infor please. It is beautiful.— November 28, 2011 10 a.m.
How Sempra used cash-balance plans
98.Let's start at the beginning. Taxes are to be sufficient for the government to comply with the consent of the governed. If unusual needs arise, debt is necessary, and is assessed to said governed, which can pay it off over the useful life of things like "infrastructure," or over a reasonable term acceptable to the lenders and borrowers. No manipulations, no scalping. == I agree 100%. And today taxes IMO, provide more than enough $$$ to cover running the government if the government were paying market prices for goods and infrastructure, and market wages for employees-they over pay on all. There is no good reason to raise taxes and fees when wage concessions are available. Government wages must reflect California's ability to pay, not what other munis are paid.— November 27, 2011 10:39 p.m.
How Sempra used cash-balance plans
Most of the contributors to this column are fairly clear and straightforward, but I have noticed that a minority speak vagueness when they claim authority, plead facts not in evidence and without citing sources, and tend to be jerkily nasty with their judgments--you guessed it, without specifics. Such antics do provide a source of amusement, but should be ignored as a bratty child. == SurfPuppy pleads the 5th :)— November 27, 2011 10:35 p.m.
More Questions for the United Way in Their Involvement in CCDC Sponsored "Registry Week"
how about this 70 million dollar boondoggle being built downtown. http://www.nbcsandiego.com/news/local/New-Homeles… == $70 MILLION! It is 12 stories and has a child care center, but once again, the overall cost vs the benefit is the key to look at. The numbers never pencil out with gov projects, never even close.— November 27, 2011 10:33 p.m.