Posted March 13, 2017 10:17 am by Comments

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For a small but probably growing number of California’s government workers, the worst-case scenario is here: The failure to adequately fund public pensions is leading to devastating reductions in their promised retirement benefits. If the pension problem were a cloud of carbon monoxide, there would be no more need to wait for a canary to keel over.

Comment: And a top marginal tax rate over 13% hasn’t avoided that.

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