This is indeed very scary and shocking! Between $1-4 trillion unfunded public pension liabilities!
While the private sector has phased out excessively expensive pensions, the public sector has piled on unfunded promises of excessive pensions thanks to politicians!
"Is your city's pension fund short? Marijuana might help. Local officials are counting on marijuana taxes to help fix their underfunded retirement systems, but the revenue can be unpredictable. "
Wall Street Journal What's News (2/4/2020)
Is this one of the reasons for promoting legalization of pot?
No comments:
Post a Comment