by Scott Creighton
At first they got the mandated ObamaCare law which FORCED many Californians to buy useless overpriced health insurance they didn’t need, want or couldn’t afford. In many ways it was based on a percentage of their income.
The only ones who benefited from that were Big Insurance, Big Banking and stock-holders. The mandate was widely viewed as unconstitutional until the Supreme Court said it was a “tax”
Then they were FORCED to vaccinate their children whether the parents wanted it or not. The dangers of vaccines are undeniable. Parents have a right to decide what they want injected into their children or at least they should. The clearly unconstitutional mandate changed that in Cali though.
And now we have this:
“Nearly 7 million workers for California companies will be automatically enrolled in a new state-run retirement program under a bill signed Thursday by Gov. Jerry Brown.”… LA Times
Workers in California, if their employer doesn’t offer a 401(k) retirement plan, will be FORCED to cough up 3% + of their weekly paycheck to this thing called Secure Choice.
Doesn’t sound like much of a “choice” to me. They have to pay into it.
It was marketed as a way to fix the situation caused by all those irresponsible California workers.
“This bill is about personal responsibility,” he said. “The retirement insecurity crisis is looming on the near horizon.”… LA Times
I guess no one in California ever heard of neoliberalism before. And apparently they never heard of the subprime mortgage economic terrorism campaign the Big Banks ran against the people of this country so they could erase billions of dollars from people’s 401(k)s and remake the economy back in 2007-2008.
Personal responsibility? Bullshit.
So Secure Choice is the name and as we see, it’s not a “choice” but it’s also not “secure” either. And for that matter, it’s not “state run”
The retirement program will be overseen by a state board, but most of the administrative work, including investing money for the program, will be outsourced to private companies. Those firms will need to be chosen before enrollment can begin.
Though structured as an individual retirement program, Secure Choice will operate much like a 401(k).
Workers without a workplace retirement account will automatically contribute 3% of their wages into Secure Choice…
“The retirement plan is not guaranteed by the state, meaning it is not responsible for any potential losses by retirement savers.”LA Times
The state will create a “board” of Wall Street shysters who will then direct the stolen money from the people of California into whatever schemes they can come up with, they will use that money with probably little to no oversight pocketing the profits for themselves and in the end right when a majority of Californians need their retirement money, these fucks will collapse the system with their high frequency trading trick and PRESTO… no damn retirement money for Cali.
Holy shit. The trifecta of fascism in California. Stay the hell out of Cali folks.
What a Goddamned scam. People should be rioting in Cali and don’t tell me they voted for it. Bullshit there to. How many “votes” counted on electronic voting machines in that state you wonder? A lot.
This is the same program of mandated percentages for Wall Street that Hillary’s guy wanted to impose on the entire country.
Twelve years from now workers will be LUCKY if they get to keep 20% of their earnings. Meanwhile the libertarians are happy because it means smaller “gubmint”
Payin taxes to gubmint? = EBIl!
Payin taxes to Goldman Sachs, Etna and GlaxoSmithKline? = hell, that’s FREEDUMB!!!!!
Do yourself a favor. Get out of California while you’re still allowed to leave.
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