> the house of cards that is underfunded ultra-generous defined benefit state/municipal pensions tumbles like a house of cards. Who benefits from these exactly

> the house of cards that is underfunded ultra-generous defined benefit state/municipal pensions tumbles like a house of cards. Who benefits from these exactly? Tax revenue is up ten fold from where it was at in 2008 and yet the quality of life for most of my connections not working in tech in the bay area is much worse. Everything is more expensive, taxes are much higher, traffic is 10x as bad, homelessness is more severe... Who's this "house of cards" supporting? The minimum wage is up, that's the only thing, but it doesn't matter. Since a couple making minimum wage could actually have an apartment in 2008, which is not the case now.