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>I think it's interesting public unions in Illinois advocated 30 years ago for enshrining pension benefits into the state constitution. That language was added
by crdoconnor 9y ago
>I think it's interesting public unions in Illinois advocated 30 years ago for enshrining pension benefits into the state constitution. That language was added specifically because the public unions knew the deals they were making with politicians were not fiscally sustainable.
More likely it was added because they knew that there would eventually be a concerted political effort to strip them of their pensions )and raid those pensions) by a combination of business lobbies and wall street.
>I also don't think quadrupling taxes on the next generation is morally any better either.
What is your moral objection to taxing unearned income at a higher rate?
- sseveran 9y agoWall St (well most of it) would not want to strip people of their pensions. There is too much money in managing the assets in those pensions and they would I am sure advocate for federal money to make up for the shortfall.
- kazagistar 9y agoIf you propagate debts far enough, you are effectively trasferring wealth from not-yet voters to existing voters. In other words, taking from those who don't have a political voice yet.
- crdoconnor 9y agoAll the more reason to tax unearned income at a higher rate, no?
- gaius 9y agoAlso known as Corbynomics
- toomuchtodo 9y agoBut there is reason to do this. Not-yet voters inherit society and it’s infrastructure. There is value in what they’re inheriting. We’re just arguing about the amount of the transfer at this point.