California to offer State-Managed pensions for the Private Sector. Businesses with 5 or more employees that don’t offer pensions or 401(k)s will be required to contribute 3 percent of a worker’s salary to a retirement account. Having the California kleptocrats “manage” your pension is like having Otis the Town Drunk manage your liquor cabinet. Luckily the Gold-digger State doesn’t need to worry about job creation or anything like that.
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
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