We (CA) will likely have to consider capping pension benefits as well, the same way we cap social security at the high end.
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you can't do that retroactively. We have to pay for what we've committed.
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I guess all those grandmas and grandpas are gunna have to keep working because the gov they supported & voted for over & over can't help em.
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nope, they get to retire and we get to take more out of the dollar on everything that we spend on K-12 today.
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the irony is that the solution is to grow the state and distribute the burden across more taxpayers, but California ...
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Dang! How else are people supposed to retire?
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A surprising number of tax increases on the Nov 8 ballot are partially about back-filling this growing gap.
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plus cutting funding to roads and infrastructure
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what states have the best balance sheets?
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maybe by instituting a more progressive state income tax.
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Property taxes would work.
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