Friday, December 02, 2011

The Wisconsin Lie Exposed - Taxpayers Actually Contribute Nothing To Public Employee Pensions - Forbes


As we move closer to recalling King Scotty, it's useful to revisit some of the lies his patrons and owners spread in order to shore up support for him. Remember that "Make 'em pay their fare share" stuff? Yeah, it was a lie.

So, let's go back to February for a few moments.

The Wisconsin Lie Exposed - Taxpayers Actually Contribute Nothing To Public Employee Pensions - Forbes

Pulitzer Prize winning tax reporter, David Cay Johnston, has written a brilliant piece for tax.com exposing the truth about who really pays for the pension and benefits for public employees in Wisconsin.

Gov. Scott Walker says he wants state workers covered by collective bargaining agreements to “contribute more” to their pension and health insurance plans. Accepting Gov. Walker’ s assertions as fact, and failing to check, creates the impression that somehow the workers are getting something extra, a gift from taxpayers. They are not. Out of every dollar that funds Wisconsin’ s pension and health insurance plans for state workers, 100 cents comes from the state workers.

Via tax.com







2 comments:

Kevin Scheunemann said...

Taxpayers pay compensation, deferred or otherwise.

If public sector workers want to waive their lavish pension benefits, and take a 5% raise instead, I'm fine with that. Nobody will do that, because many of these pension payments will have an NPV well over $1 million for most employees at retirement...nice government plantation work..if you can get it!

If BS were electricity, Mr. Johnston's article would be a power plant.

JPenterman said...

Really? Would you write an editorial to all the single mother government workers who husbands fail to provide child support? I want them to know you believe that they will retire as millionaires. I'd also like to see you back up your claim.