The Motley Fool Discussion Boards
Retirement Discussions / Retired Fools
|Subject: Re: Retirement Locations||Date: 5/29/2011 1:12 AM|
|Author: fleg9bo||Number: 17184 of 20240|
Of course, if it's in coyote blog, it must be true, right?
The author of Coyote blog makes his living from his business running parks and campgrounds, some of them under contract from various states. That gives him a certain amount of credibility, don't you think?
Anyway, here's a good example of where the money that should be available for CA state parks went:
Jerry Brown recently approved a new contract for the prison guards union. Henceforth, guards can cash out at retirement an unlimited number of unused vacation days. Most California employees can monetize only 80 accrued days. Many guards will receive lump sums exceeding $100,000. The Legislative Analyst's Office estimates that guards possess time worth $600 million. The union contributed almost $2 million to Brown's 2010 campaign.
In 1980, 10% of the state's general fund went to higher education and 3% to prisons; in 2010, almost 11% went to prisons and 7.5% to higher education. The national average incarceration cost is $29,000 per inmate per year. California's cost is $45,000, about $3,000 more than a year's tuition at Dartmouth.
The prison guards union only had to give Brown $2 million for him to sell out the taxpayers of California? What a cheap whore he is.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|