The Biggest Dupes in the History of the World

Last week the California Policy Center released a new study that compared the average full-career government pension to the average annual earnings of a full-time private sector worker. Not surprisingly, at least for anyone paying attention, ex-government workers make 26% more than people make in the private sector who are still working. The average government pension after 30 years work? $68,673. The average private sector pay? $54,326.

How is it possible to pay government workers more when they’re retired than the rest of us make while we work? How can we afford this? When you try to answer this question, you begin to see just how misguided the left in California has gotten – at least the “left” as it is conventionally understood.

Because the left wants everything. And the government unions who control the “left” in California, along with the state legislature and nearly every major city and county, promise everything. If any politician or public speaker stands up to them, they help organize demonstrations by left-wing activists, where, when they aren’t breaking windows and spraying innocent people with mace, they chant silly little phrases.

For example, they want to turn California into a “sanctuary” and invite millions of destitute immigrants to join the millions who are already here. But at the same time, they want to block development of land, energy, water, and transportation assets, because that might harm the earth.

please come on in, we welcome millions more
but building homes is sinful, so go sleep on the floor

The reason leftists are dupes is because despite all their resentment of “privilege,” they ignore the agenda of the most privileged special interest that has ever existed, which are the government unions in the State of California. They’re so busy insisting that California’s government invite the entire world’s destitute population – while simultaneously doing nothing to make room for them – that they’ve failed to realize that it is the government unions who are the only winners in this miserable equation.

neglect the roads, let dams give way
but increase public servant pay

Every era has had its dupes, but the reason California’s leftists are the biggest dupes in the history of the world is because they haven’t figured out that their supposed friends are actually sleeping with the enemy. The left demonizes the wealthy, they demonize the banks, they demonize “Wall Street,” but fail to realize that their own state government – leftist to the core – is partnering with these corrupt financial special interests.

Who do they think invests nearly $800 billion of pension fund assets, collecting billions in fees? Who do they think lends billions to cash-strapped state and local governments that have gone broke paying government workers twice what ordinary citizens make? Who do you think benefits when restrictions on land and energy development cause asset bubbles at the same time as they drive the cost of living through the roof?

we hate wealth, we hate greed
but we are Wall Street’s friend in need

or

invest your savings in the market, and lose it in the crash
but we’ll increase your taxes, so pension funds have cash

No expose of California’s left is complete without mentioning how they have corrupted environmentalism. In a practical world, we would strike a reasonable balance between development and preservation, so prosperity might lift billions out of poverty, empower women who actually need empowerment, and stabilize those burgeoning populations who eye the developed nations with understandable envy. Instead, California’s leftist oligarchs, supported by millions of leftist dupes, have decided to encourage immigration while actually curtailing our supplies of energy, water and land.

If this were all based on pure and naive idealism, one might forgive it. But these Malthusian, misanthropic masochists have embraced rationing as a substitute for development, abetted by surveillance systems that would make George Orwell blush, to make sure nobody uses a single kilowatt-hour or gallon of water more than they’re allotted. Want to plant a hedge, a lawn, or a “water guzzling” tree? Do you love to nurture living things on a lot bigger than a postage stamp? Not in California. Meanwhile, wealthy Silicon Valley “entrepreneurs” develop the mandatory sensors that will let your appliances monitor your behavior, at the same time as wealthy corporate interests plant vast new orchards of thirsty nut trees on the arid western acreage of the Central Valley.

take short showers, pay excessive fees
so corporations can plant Walnut trees

California’s leftists aren’t helping themselves, the rest of humanity or the earth. They are dupes of the oligarchy. They have been duped into ignoring a profound, counter-intuitive, and very nonpartisan political reality: Government unions and wealthy elites are working together to undermine our liberty and our prosperity. At best, California’s leftists are blinded by their ideals and biases. At worst, they are seditious traitors to the people and the culture that gave them the time and the freedom to crowd our public spaces with their vandalism and their vacuous rhymes.

Ed Ring is the vice president of policy research for the California Policy Center.

1 reply
  1. Ronald Stein
    Ronald Stein says:

    It’s unfortunate that future generations, unable to vote today, will bear the costs of many enacted pension programs, entitlements and boondoggle projects, requiring them to pay higher taxes and work later into their lives to pay for these promises. It’s the inmates running the pension Asylum that have negotiated extraordinary pension and retirement benefits today, without considering of the unfair financial burden placed on future generations.

    The international business world is intelligent enough to know that DEFINED BENEFITS, neither capped nor precisely quantifiable in advance, financial disasters to any business, thus all businesses focus on the known, i.e., defined CONTRIBUTIONS alone.

    Stealing from the young who have no votes, but silently shoulder the costs and bear the burden of unfunded promises of these programs to enrich the old seems to describe the Governments expansion of entitlement benefits and other government services, along with the taxes young people will have to pay to support them, mostly to subsidize older Americans.

    The inmates know that debt for our future generations buys votes. Over the decades, the proven “concept’ practiced by voters is to defer as much financial responsibilities as possible from our current financial responsibilities to future generations, that have no votes on the subject. Simply stated, if we cannot afford it today, pass it off to the future generations to minimize any impact on our current lifestyles.
    Another insult to the taxpayers and future generations paying their pensions is that many of those early retirements collect their guaranteed pensions, and then take a second job.

    Virtually all elected officials are heavily financed by unions which are focused on entitlements for their current members. The unions, government, and other bureaucrats have been very successful in manipulating the system to enrich themselves. Thus, no changes can be expected in the foreseeable future for elected officials to ever abandon their source of votes.

    Even before those young folks can vote our Golden State schools are on track to force substantial budgetary cutbacks on core education spending, as public schools around California are bracing for a crisis driven by skyrocketing worker pension costs that are expected to force districts to divert billions of dollars.

    The GASB published accounting and financial reporting standards now provides accountability and transparency for county, city, and state budgets to show how those unfunded pension liabilities and expenses will be funded in the decades ahead, i.e., either tax increases, and/or a reduction in current services to meet those funding requirements. Maybe if the uninformed citizens can “see” the full impact of the pension tsunami that’s coming, they’ll at least be financially informed and can accept the rip off, or revolt.

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