Quote:
Originally Posted by Moses
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So what would you propose? Do we honor the contract and let a few cities go bankrupt leaving firefighters with no retirement at all? Do we renegotiate the retirement package in a way to restore solvency to the cities? Do we increase taxes in California yet again to cover the shortfall?
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Of those options, the only sane one is the last one.
But Milt is right, the tax system is just seriously fecked, and in theory many of these issues could be avoided with a complete overhaul of the system. But there is no political will for this.
Although flat tax is absolutely the way to go. But the tax bureaucrats will always find a way to resist this because it will make them obsolete very quickly.