
The appetite of Democrats in the California legislature for raising more and more taxes is voracious, and seemingly knows no bounds. If you don’t believe me, just keep reading. And when you do, you’ll realize that there is a lot of
by Jon Fleischman4 Jun 2015, 5:53 AM PST0

The California Public Employee Retirement System (CalPERS) has announced that its solvency has improved and that it is only $89.7 billion underfunded. Unfortunately, CalPERS’s purported solvency of percentage of 77% assumes the fantasy that it can conservatively compound its annual earnings at 7.5% without any losses. But if CalPERS only earns 4.5% a year–a rate conservative private pensions often shoot for–the fund’s long-term liability is a staggering $290 billion.
by Chriss W. Street15 Jan 2015, 4:00 AM PST0

With California facing what Steven Greenhut calls “Death by Pension,” former Democrat Speaker of the California Assembly and newly elected State Senator Bob Hertzberg released details of his Senate Bill 8 tax manifesto. What he refers to as the “Upward
by Chriss W. Street14 Jan 2015, 6:01 AM PST0