While Americans are hoping to retire on Social Security, this is what Government set themselves up with
- A California lifeguard retired with $365,000 per year for life
- A California prison doctor retired with $1.2 million per year for life
- A California fire chief retired with $378,000 per year for life
“You're paying for all of it. California's pension system is $1 trillion short. That's trillion with a T.
When CalPERS comes up short, your taxes go up. Your property taxes, your sales taxes, Year fees.
- They retired at 55 with $200,000 a year
1 You're working until 70 hoping Social Security still exists
You're paying for their retirement. They're not paying for yours, and right now the unions are demanding more. $1 trillion gone”
Milton Friedman: “Keep your eye on one thing and one thing only: how much government is spending, because that’s the true tax.”
“If you’re not paying for it in the form of explicit taxes, you’re paying for it indirectly in the form of inflation or borrowing.”
A 1950 starter home was 983 square feet, 2BR/1BA & a modest tiny kitchen.
Today’s starter home is 2,500 square feet, vaulted ceilings, walk in everything.
It’s luxury dressed up as minimum.
The starter home wasn’t stolen, we super sized it out of existence…