California public sectors workers' retirements are generated in part by investment returns from building the technology behind the Chinese surveillance state.https://twitter.com/RMac18/status/1134148329741250560 …
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CalPERS has always overestimated its future returns. But if advocates for social responsibility in investing (like me) want CalPPERS to walk the walk, they must also advocate for cities and counties to increase their payments. That's the literal cost of social responsibility.
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Yep, but they don't want to do that. They want to keep contributions capped, even as cities fall deeper into a hole, and then they build more office space and no housing to balance their books and then affordability gets worse. Repeat ad nauseum.
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What do they care? IT'S NOT THEIR FREAKING MONEY! They'll just raise taxes and get the money from the guy selling oranges on the 101 exit ramp to fund the
$six-figure pensions of the public parasite union goons.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Ia it possible to introduce different KPIs into the system and let people decide how their funds are invested?
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Liberal Democrat run pensions always go bankrupted. It is worst than Ponzi schemes.
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