Shreveport Pensions at their core are deferred wages set aside for the future use of workers when they are unable to collect their salaries. If there were no pensions, presumably wages would be higher, depending on tax policies of course. Employers and politicians would never think they had the right to raid their workers’ money …
Tag: Detroit
Donors Muscling Democracy in Detroit
New Orleans No matter how jaded we might be about the ways and means that the deep pockets of philanthropies muscle up and try to force their will on desperate grant seekers, the article in the Wall Street Journal by Matthew Dolan, “Revival Bid Pits Donor Against Detroit,” was a shocking tale of arrogance, elitism, …
Florida: Detroit with Palm Trees
West Palm Beach The boosterish headline in the West Palm Beach paper was curious and somewhat contradictory. They were trumpeting the fact that the “values” of houses were “bargains” and should be swiftly picked up because the comparable available prices in this normally high flying market had not existed for 15 years or more. Not …