The “Occupy” protests have been largely misguided efforts directed at bankers and private corporations. But who is actually robbing the taxpayer?
Sure, there are some cases of actual fraud…but what about the legal shenanigans involving politicians and union leaders?
One Chicago union boss is triple dipping into three pension funds to the tune of $450,000 a year.
This article asks a very good question — how would you like to buy into an annuity with a 25% return on investment?
Too bad, “you” can’t.
Because you weren’t a Chicago Streets and Sanitation worker for only a single day — you can’t qualify for a special pension of $158,000.
Now Chicago might be famous for gangsters and corrupt politics, but the city is not alone. The city of Boston has a problem where it has to fight in court against a legal obligation to pay pension benefits to a man convicted of corruption for taking bribes for helping a company win state contracts.
Not to be outdone, the entire state of California is drowning in pension liabilities for public sector workers.
Maybe “we the people” need to occupy state legislatures and positions in the federal government (instead of public parks in futile protests) in order to eliminate this grotesque public-sector corruption and greed.
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