Entries by Ed Ring

California’s Misguided Water Conservation Priorities

If you’ve recently driven on most any California freeway, you’ve seen the default message on the government-owned electronic billboards, “Severe Drought Conditions – Reduce Outdoor Water Use.” The message seems reasonable enough. Several years of lower-than-average rainfall have left the state’s reservoirs depleted, so why should households be wasting water, indoor or outdoor? And if […]

Average "Full Career" CalPERS Retirement Package Worth $70,000 Per Year

“‘What makes the ‘$100,000 Club’ some magic number denoting abuse other than the claims of anti-pension zealots?’ said Dave Low, chairman of Californians for Retirement Security, a coalition of 1.6 million public workers and retirees.” This quote from a government union spokesperson, and others, were dutifully collected as part of Orange County Register reporter Teri […]

ACLU Joins Unions to Attack California Charter Schools

About 6.2 million students attend California’s K-12 public schools. Of those, over 570,000 are enrolled in public charter schools. Most of these charter schools operate with a degree of management autonomy and teacher accountability that goes well beyond what is permitted by the union work rules that govern traditional public schools. These charter schools themselves are […]

Quality Education Remains Thwarted by Teachers Unions

An article in today’s American Prospect, of all places, offers an in-depth look at just how little progress has actually been made towards restoring quality education to California’s public school students. Because the article appears in a publication that is “dedicated to American liberalism,” and because “American liberalism” depends more than anything else on billions […]

Appreciating Police Officers, Challenging Police Unions

In the wake of tragic and deadly attacks on police officers, those of us who have never wavered in our support for the members of law enforcement, but have questioned the role of police unions and have debated issues of policy surrounding law enforcement have an obligation to restate our position. Civil libertarians and fiscal […]

Government Unions Benefit from the Asset Bubble that Harms Workers

Earlier this month the California Policy Center released a study that provided additional evidence that the U.S. stock indexes are overvalued by approximately 50%, along with calculations showing the impact of a major downward correction on the solvency of California’s state and local government pension systems. Stocks are now at unsustainable bubble valuations. Not covered […]

Populist Unity Can Overcome the Establishment's Supermajority

Back in 2012 we published an article entitled “The Forgotten 33%,” which included a graphic entitled “American Voter Breakdown 2012.” It depicted the U.S. electorate as comprised of 46% who pay zero net taxes, 20% who work for the government and are net tax consumers, the 1% “super rich,” and the “forgotten 33%,” who work in […]

How a Major Market Correction Will Affect Pension Systems, and How to Cope

Summary:  Based on historical trends, three key aggregated stock market ratios – price/earnings, price/sales, and price as a percent of GDP – all show that publicly traded U.S. stock are overvalued by approximately 50%. This article explains the significance of these ratios, then, using a financial model developed specifically for this purpose, evaluates the impact […]

How Gov't Unions and Crony Capitalists Exploit Global Warming Concerns

If anyone is looking for evidence that government unions use their immense influence to support the growth of an authoritarian state, look no further than their unequivocal support for global warming “mitigation,” and all attendant agencies and laws to support that goal. In 2006 California’s union-controlled legislature passed AB32, the “Global Warming Solutions Act,” a […]

The Alternative to Crony Capitalism and Phony Shortages

The modern history of the Silicon Valley arguably began in 1957, when eight young PhD graduates left Shockley Semiconductor Laboratories to launch the first high-volume chip manufacturer, Fairchild Semiconductor. Fairchild and its spinoffs, including Intel and Advanced Micro Devices (AMD), were the early participants in what became the most fervid ecosystem of fiercely competitive innovators the […]

Californians Overwhelmingly Support New Local Bonds and Taxes

Two weeks ago, using information supplied by the California Taxpayers Association, we called attention to “$6.2 Billion in New Borrowing on June 7th Primary Ballot.” As noted, “Next week voters will be asked to approve 46 local bond measures totaling $6.18 billion in new debt, along with 52 local tax proposals. If history is any […]

Populist Candidates Still Ignore Government Unions

Nearly every objection that supporters of presidential candidates Trump and Sanders raise to the establishment are intimately associated with government unions. But neither the people’s voice, or that voice as it is reflected back to them by their populist heroes, articulates this fact. (1) Do you want to reform Wall Street? You’ll have to go […]

$6.2 Billion in New Borrowing on June 7th Primary Ballot

They are overshadowed by one of the most tumultuous Presidential primary campaigns in decades, but California’s June 7th primary ballot has local tax and bond proposals in numbers that, in aggregate, ought to be generating vigorous public debate. Next week voters will be asked to approve 46 local bond measures totaling $6.18 billion in new debt, along […]

Government Unions and the Financialization of America

Financialization – “a pattern of accumulation in which profit making occurs increasingly through financial channels rather than through trade and commodity production.” –  Greta Krippner, University of Michigan (source Wikipedia) If you want one word to describe the biggest threat to the American economy, “financialization” would be the prime candidate. This is a threat that […]

The Coming Public Pension Apocalypse, and What to Do About It

When the next market downturn hits, every public employee pension fund in the United States will face severe challenges. Because public employee pension funds are not subject to the same rules that private pension funds have to adhere to – namely, the restrictions on risky investments as specified in the federal Employee Retirement Income Security […]

Unionize the Personal Assistants to the One-tenth-of-one-percenters

It came as a shock to learn that some of those who were around when unions first started infiltrating local and state governments actually welcomed the process. These were the days when unions were driving jobs overseas because of their unwillingness to negotiate new contracts in the face of foreign competition. “Let them come,” some […]

The Bell Syndrome Afflicts More Cities Than Just Bell

Remember Bell, California? Back in 2010 the Los Angeles Times reported that Bell city officials were receiving unusually large salaries, perhaps the highest in the United States. For example, Robert Rizzo, the City manager, had received $787,637. By September of that year, as reported on CNN, the California Attorney General filed charges against eight former and current city officials. […]

Average Orange County Firefighter Made $236,155 in 2014

The City of Stanton contracts with Orange County for public safety services. Like many cities in Orange County, and in an arrangement that is typical of many small cities in California, it makes financial sense for the city to pay the county in exchange for an allocation of police and firefighters who protect the citizens […]

Sacramento's "Secure Choice" Pooled 401K – Too Frugal for Public Workers

In a move of breathtaking hypocrisy, California’s legislators have unveiled a financially sustainable retirement security program for private workers, while keeping financially unsustainable pensions for public workers. What private sector employers and private sector workers need to ask, more than anything, is if this new retirement security scheme is so great, why aren’t public employees going […]

California's Economically Illiterate Legislature

California’s minimum wage is set to rise to $15/hour over the next six years. While this topic has been beat to death, it is seldom pointed out that the inflation-adjusted minimum wage, based on 78 years of precedent, at most should only be around $10 per hour. A recent UnionWatch post “Raise the Minimum Wage, or […]

Practical Reforms to "Right-Size" Government Unions

Rolling back the power of government unions in a state like California is almost impossible. Their power has been unchallenged for so long that they now virtually control the state legislature, and their grip on local politicians extends to nearly every city, county, school district and special district. But there have been reforms in some […]

The Challenges Facing Conservatives Who Support Public Safety

Everyone supports public safety, but conservatives are a special case. In modern times, it was conservatives, reacting against the rebellious sixties and the lawless seventies, who supported law enforcement when it was fashionable for liberals to see them as pawns of a discredited establishment. It was also during the 1960’s and ’70’s that we saw public […]