Public pensions add to income gap
01/15/2014 1:10 PM
01/15/2014 11:53 AM
Re “Reducing income gap hinges on investing in middle class” (Viewpoints, Jan. 12): In 2012, the top 10 percent of earners took home more than half the nation’s income. That’s not just obscene, but also dangerous. There are more than 10,000 retired California state employees whose pension payments from the California Public Employees’ Retirement System place them in the top 10 percent category. Approximately 5,000 retired state educators have pension income placing them in the top 10 percent. The income of numerous state, city and county employees puts them in the 10 percent category. How can we be sure that taxpayer money will go toward alleviating poverty and the income gap when it seems taxpayer money is intended to enrich state, city and county employees? A creative collaborative approach between business, charities and government is needed to alleviate this dilemma, not the same old, tired, unproven ideas. -- Martin F. Rowland, Granite Bay
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