dckingsfan wrote:cammac wrote:dckingsfan wrote:And that was a good thing for Wisconsin. They were headed toward unsustainability - like Illinois.
Actually at a local level, where Ds trade remuneration for votes - it is a real problem.
This is one of those it feels right but has serious ramifications in terms of providing government services. It is out of whack in many states and most Ds just turn their head on this one.
While I'm a business man I have absolutely nothing against unions. They are the only protection working people have against large corporations. Right to work legislation is just another way to decapitate wages of the working class. In Ontario our teachers are among the highest paid in North America and they have establish there own pension fund through personal contributions and employer contributions. Many in the public sector are similar. Unionization is stronger in Canada than in the USA even companies that are nonunion provide similar benefit packages. I know in my business both my employees and myself contribute to a private pension plan. We have annual meetings on the returns and vote with the employees having the majority if we are happy with the plan.
When Foxconn planned a factory in Wisconsin which by the way was a fairy tale ( Foxconn had just built a $8 billion factory in Shenzhen for the same purpose) Scott Walker opened his fiscal wallet. Wisconsin's $3 billion incentive offer to Foxconn is "the largest gift ever by a state to a foreign company."
Latter in the year a GE plant in the neighboring district will close and move to Canada. Did Canada offer any new incentives the answer is no but they moved because the Canadian Export Bank guarantees payment on certain foreign sales. This isn't a special break for GE but Canadian policy. This was basically because of the Republicans and Ryan to change legislation on export bank.
http://money.cnn.com/2017/06/07/news/economy/ge-jobs-moving-to-canada-paul-ryan/index.html
Two different things - public and private unions. You just married the two. In the public sector (which is where the conversation started) the pensions are anything but transparent. Especially when you guarantee returns. IT IS UNSUSTAINABLE. It's bad when the public unions BUY the politicians. BAD. REALLY BAD. It leads to a reduction in services and increases in taxes for those that can't afford either.
Also, remember where the out of control spending on healthcare started. Really good idea to have a tax break for corporations to give to their (union) employees - and yet we are all carping about healthcare on this board.
Come on guys - think this through just a bit.
Amen.
Now I’m not saying they don’t deserve it. But I accept the city of Chicago‘s insurance at my dental offices. So because of that I have a ton of police officers, firefighters, and Chicago public teachers as my patients. And they apply for credit to do full mouth reconstruction work every single day. So I know what they all earn. And a 30-35 year police officer, fireman or teacher all make $125,000 or more per year. Some of them make $165-$185,000 per year.
the public can somewhat pay those exorbitant salaries when they are employed. The problem arises when you have a full employment in the sectors plus a lot of retirees. The problem is all the same city employees retire at 35 years with between 100 and 125% retirement. So I have teachers in my office that Have been retired 20 years or more and still get paid $10,000 -14,000 per month per their union retirement. I mean that’s a great gig if you can get it. But it’s not sustainable. And really in line with the rest of the world. It’s almost a 5 million dollar golden parachute if you retire at 55 and live until you’re 90 years old.
And that’s the kind of damage of a public union can and has inflicted on most urban cities in United States.
Now let’s talk about the quality of education in Chicago public schools. They are notoriously horrible. Then let’s talk about the thousand kids every year they get murdered on the streets of Chicago. Paying all this money for all these police officers and they are not even allowed to do their jobs anymore because civil rights Trump law n order in these metropolitan cities.
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RealGM mobile applike i said, its a full rebuild.
