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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
Verified account
@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    Kim-Mai Cutler‏Verified account @kimmaicutler 9 Feb 2018
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    Yet another form of generational theft beyond underfunding K-12, higher ed & housing costs. Pensions costs are crowding out what we can spend on public services & salaries for future public servants. Young people will have to pay for these debts. https://calmatters.org/articles/commentary-surging-pension-costs-push-california-cities-toward-bankruptcy/ …pic.twitter.com/7apMRkktu5

    9:02 AM - 9 Feb 2018
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    • Eric Christen Evan Adams giulio rospigliosi 仮称氏名 Holly Meyer amy jo PHD IN COMPUTERING THINGS Wear Your Damn Mask j. domenig Kevin Dayton
    5 replies 13 retweets 29 likes
      1. New conversation
      2. Brendan Dawe‏ @BrendanDawe 9 Feb 2018
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        Replying to @kimmaicutler

        There are young people in Pacific Grove?

        2 replies 0 retweets 0 likes
      3. Kim-Mai Cutler‏Verified account @kimmaicutler 9 Feb 2018
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        Replying to @BrendanDawe

        😂 probably zoned out by people who bought in the 1970s and pay capped property taxes.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Gabriel  🇨🇦 🏳️‍🌈‏ @AllInStride 9 Feb 2018
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        Replying to @kimmaicutler

        The unfairness of property taxes doesn't help city budgets .. for my house I pay $6600/yr, the previous owner paid $1400/yr .. my next door neighbor, exact same house, they boughy 6 months after us, pay $8400/yr, the previous owner paid $4000/yr

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      1. Rob Frances‏ @RFrances2 9 Feb 2018
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        Replying to @kimmaicutler

        It seems over last 50 years CA has a significant downturn every 10-15 years: mid-60's (mostly in SoCal?), mid-70's (rampant inflation leading to >10% Gov Bond int rates; late 80's-mid-90's (housing/S&Ls); 2008-12 (housing/CDOs). What's different now is unfunded pensions. Wowsers.

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      1. Steven Falk‏ @Steven_B_Falk 9 Feb 2018
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        Replying to @kimmaicutler

        We'll note for the record that at least three California cities do not offer pensions to their employees, but instead 401-style defined contribution plans: Lafayette, Danville, & Orinda. It can be done.

        0 replies 3 retweets 3 likes
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      1. Dennis Wingo‏ @wingod 9 Feb 2018
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        Replying to @kimmaicutler

        What did people think was going to happen? You elect incompetents that think (rightly) that the way to reelection is to use our money to buy the votes of the unions that vote enmass for this kind of policy. Roosevelt was against government unions.

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