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When Democrats are in charge
California
lawmakers are pushing a controversial, first-in-the-nation plan that
would require private-sector employers to remove 3 percent from every
worker's paycheck. The money would go into a new state fund with a
guarantee that all withheld funds plus investment gains will be
available for distribution at retirement age.
That solves
the insolvent Social Security (and Medi-Cal) problem; just
start another one.
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Some prisoner’s in Northern California
are upgrading to better living spaces – but only if they’ve got the
cash to pay.
| How shy will
the state be when it comes to (and it will) allowing medical workers to
accept gratuities for "premium care?"
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Juice
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Agreed. We'll have a "flash pass" in waiting rooms. Pay for the card and you wont have to wait eight hours for health care in Obama's America. It'll be like the Six Flags system. Only less people will die in the waiting room. Nyuck Nyuck Nyuck.
ReplyDeleteJosh
Only eight hours, Josh? Aren't you the optimist.
ReplyDeleteGrinfilledCelt
Well I'm thinking the real sick people will die off quick and move the lines along.
ReplyDeleteJosh
The money ...go into a ... state fund with a guarantee that all ... will be available for distribution at retirement age.
ReplyDeleteYeah, sure, uh-huh, right, just like social security, until some future lawmakers 'borrow' it for a high speed social engineering boondoggle.
If that were done with SS at the S&P return rate, my wife and I would have ~$2 million nest egg paying us $50- 80K per year without touching the principal, and we'd have the principal to leave to our heirs. As is, we get ~$31K, only half that when one of us dies, no nest egg, no inheritance, and we are taxed $4800+ per year for 'Medicare excess insurance' or some such crap.
This is a Hail Mary move by a desperate state desparate to raise cash now, in order to avoid bankruptcy and having all those govt pensioners out to lynch the current government. I doubt the particpants in the new plan will ever see what's being promised, unless the governor and 90% of the Cali legislature go to the gallows first and the rest of the locusts flee the state.
Lt. Col. Gen. Tailgunner dick
Second to my post above, think of it this way:
ReplyDeleteKey words: "state fund", "upon retirement"
Would you buy any long term Kali municipal or state bonds now?
I call bullshit, in case I did not above.
Lt. Col. Gen. Tailgunner dick
You've heard of Concierge Medicine? non?
ReplyDeletee~C
I've heard that the Mexican doctors in Mexico are just as good as our Indian doctors in Houston and work for 1/3 the price. My Jewish doctor won't take sides on that one.
ReplyDelete