As reported in the Sacramento Bee and elsewhere, on May 31st Gov. Jerry Brown “signed a pair of bills Thursday to set permanent overall targets for indoor and outdoor water consumption.” After pressure from the Association of California Water Agencies and others, the final form of these bills, Assembly Bill 1668 by Assemblywoman Laura Friedman, D-Glendale, […]
About Edward Ring
Edward Ring co-founded the California Policy Center in 2010 and served as its president through 2016. He is a prolific writer on the topics of political reform and sustainable economic development.
Ring has been interviewed, published or quoted by the Los Angeles Times, the Wall Street Journal, the Economist, Forbes, Die Zeit, Real Clear Politics, Politico, American Greatness, City Journal, Zero Hedge, KFI Los Angeles, KABC Los Angeles, KOGO San Diego, KGO San Francisco, and other media outlets. Ring has an undergraduate degree in Political Science from UC Davis, and an MBA in Finance from the USC.
Entries by Edward Ring
No state in America is as firmly in the grip of public sector unions as California. For nearly twenty years, union controlled Democrats have exercised nearly absolute power in the State Legislature. Over the past few years, as they have slipped in and out of having a two-thirds majority, and often with the help of […]
A recent “messaging memo,” issued by “OpportunityAgenda.org,” provides expert marketing advice for activists who hope to mitigate the impact of the much anticipated Janus ruling. In that case, currently before the U.S. Supreme Court, the expected decision will empower government workers to opt-out of paying any union dues whatsoever. Depending on the details which will […]
In February 2018 the US Supreme Court heard arguments in Janus vs. AFSCME, a case that challenges the ability of public sector unions to compel public employees to pay agency fees. While public sector employees currently have the ability to opt-out of paying that portion of union dues that are used for political activities, they […]
The next generation of vehicles will transform transportation in several fundamental ways. What is coming will be as revolutionary in our time as the transition from horses to horseless carriages was over a century ago. Some increments of this dawning revolution are already here in realized products. Electric drivetrains. Collision avoidance systems. Self-driving cars. Cars […]
In July 2012, Elon Musk sat down for a “fireside chat” with Sara Lacy, founder of the PandoDaily website. In between discussions of Paypal, Tesla, and SpaceX, 43 minutes in, Musk unveiled his idea for the “Hyperloop,” a new transportation technology that “incorporates reduced-pressure tubes in which pressurized capsules ride on air bearings driven by […]
California’s transportation future is bright. In every area of transportation innovation, California-based companies are leading the way. Consortiums of major global companies have offices throughout the San Francisco Bay area, pioneering self-driving cars that consolidate technologies from not just automakers, but cell phone manufacturers, chip designers, PC makers, telecoms, and software companies. In Southern California […]
Voters in tiny, affluent Sierra Madre, three square miles of leafy neighborhoods nestled at the foot of the majestic San Gabriel mountains, had an opportunity earlier this week to repeal their utility tax. As reported in the San Gabriel Valley Tribune, by a margin of more than four-to-one, they decided to keep their tax. Opponents […]
Most pension experts believe that without additional reform, pension payments are destined to put an unsustainable burden on California’s state and local governments. Even if pension fund investments meet their performance objectives over the next several years, California’s major pension funds have already announced that payments required from participating agencies are going to roughly double […]
It is impossible to achieve diversity without discriminating. The only way that would be possible would be if every imaginable human subgroup were equally qualified to perform every imaginable task. In reality, while individual talents vary dramatically in a manner completely irrespective of group identity, on average, groups exhibit huge and verifiable differences in aptitude. […]
Stampede: a mass movement of people at a common impulse. – Merriam Webster dictionary The pension reform stampede is about to finally overrun California’s political status-quo for three reasons. (1) Pension debt is out of control. While official estimates are slightly lower, most reasonable estimates put California’s total unfunded liabilities for state and local pensions at […]
To paraphrase America’s 42nd president, when it comes to public sector pensions – their financial health and the policies that govern them – it’s the unfunded liability, stupid. The misunderstood, obfuscated, unaccountable, underrecognized, undervalued, underpaid, unfunded pension liabilities.
“If you do not prevail in this case, the unions will have less political influence; yes or no?” Kennedy asked. “Yes, they will have less political influence,” Frederick answered. – an excerpt from the Janus vs. AFSCME trial, quoted in the Washington Post, February 26, 2018 Earlier this week the U.S. Supreme Court heard arguments in […]
The average annual cost to house a prisoner in California is $71,000, and according to the California’s Legislative Analyst’s Office, the cost has risen 45% since just 2011. And as costs have soared, California’s policymakers have resorted to creative ways to release inmates from California’s overcrowded prisons. But what if that Californian creativity could be […]
Last month the League of California Cities released a “Retirement System Sustainability Study and Findings.” The findings were not surprising. “Key Findings” were (1) City pension costs will dramatically increase to unsustainable levels, (2) Rising pension costs will require cities to nearly double the percentage of their general fund dollars they pay to CalPERS, and […]
On January 28, 2018, the Dow Jones stock index closed at a record high of 28,610. Nine days later, on February 6, the Dow index hit an intraday low of 24,198, a drop of over 15 percent. Since then the Dow index has recovered somewhat, along with other stock indexes and the underlying stocks around […]
The employer contribution to California’s state and local government pension systems will double, from $31 billion in 2018 to $59 billion by 2024. This estimate is based on aggregating official projections of cost increases issued by CalPERS to their participating agencies, and extrapolating those projections show the overall impact on all of California’s 87 government […]
Gimmick – a concealed, usually devious aspect or feature of something, as a plan or deal. – Dictionary.com In the past week, from Millbrae’s city hall to the inner sanctum of the CalPERS leviathan in Sacramento, defenders of pensions have been active. In particular, they have criticized the recent analysis, published by the California Policy Center, “How […]
Have you experienced water faucets that spray tiny jets of water onto your hands? You know, those eight tiny jets of water, each about 1.0 millimeter in diameter, that are emitted with so much pressure that the paltry quantity of water bounces off your skin before you can get it wet enough to apply soap, […]
When speaking about pension burdens on California’s cities and counties, a perennial question is how much are the costs going to increase? In recent years, California’s biggest pension system, CalPERS, has offered “Public Agency Actuarial Valuation Reports” that purport to answer that question. Notwithstanding the fact that CalPERS predictive credibility is questionable – i.e., they’ve […]
As of a few days ago, high-wage earners have a new reason to leave California: their state income taxes are no longer deductible on their federal income tax returns. Can California’s union-controlled state legislature adapt? Can they lower the top marginal tax rates to keep wealthy people from leaving California? The short answer is, no, they cannot. They cannot conceive of the possibility that California’s current economic success is not because of their confiscatory policies, but in spite of them.
The looming Janus vs. AFSCME decision, expected by Spring 2018, is probably going to validate the contention that ALL public sector union activity is inherently political. Once this landmark case is decided, members will not only have the right, already existing, to opt-out of paying political dues. After Janus, they may also have the right […]
One year ago the Dow Jones stock index was 19,756. Today it closed at 24,211, an increase of 23%. Pretty good for one year! When the stock market does well, pension funds do well, since that’s where these funds place most of their portfolio investments. But CalPERS, the largest public employee pension system in the […]
California’s ruling elites have enacted policies that make it impossible for middle class citizens to live here. They have artificially elevated the cost of living, nearly destroyed public education, decimated public services, neglected public infrastructure, and declared war on small business. To deflect criticism, they’ve convinced a critical mass of voters that any attempts to […]
How can you persuasively counter arguments for diversity quotas, when implacable fanatics purporting to represent every identifiable group whose aggregate achievements fall short of the mean will argue it is discrimination, not merit, that determine outcomes? Expect no help from government unions. Resentment gives them passion, restitution gives them power. Undermining the meritocracy is key […]