Saturday, March 12, 2011

Pension Contributions: Taxpayers $6.2 Billion, Employees $1.5 Billion :: Why isn't it 50-50 rather than 80-20?

This whole argument is about who gets to steal from you to give to others.

The word "state" is a euphemism for "taxpayers"

You will note that the above-mentioned groups never use the word "taxpayer"; it is always the "state" that is at fault for the pension problems. If the "state" hadn't missed pension payments or the "state" hadn't shorted required contributions or the "state" hadn't dodged them then, by golly, there would not be a pension problem.

As every sentient being knows when it comes to paying bills there is no "state" there are only "taxpayers". So every time you read or hear a professional pension-whiner say the "state" is not doing its share substitute the word "taxpayer." That should get your blood boiling.

1 comment:

Anonymous1 said...

The typical private sector rate for employer contribution is 3%.