What do the workers think?

May 5, 2020

This came from a recent Forbes article:

A recent Harvard Business Review article offering leadership advice to CEOs and executives recommended, “If you are doing cutbacks to save job losses, you must lead by example and do cutbacks that impact your own day-to-day as well. If you don’t, there is a danger that your staff will feel like saps, doing sacrifices while the C-suite continues unaffected. Get a commitment for a pay cut from your senior leaders. As CEO, you should take the largest salary cut yourself.” This sounds so obvious, but it rarely—if ever—happens.

We deserve better


We reserve the right to change the rules

May 1, 2020

Here’s another example of government using words that don’t mean what they say:

How can anything interim be final?

We deserve better


Are clothes next?

April 29, 2020

When did it become our responsibility to feed our neighbor’s children?

The kids aren’t even in school.

EPISD is not unusual–it seems that all of our local school districts are doing this.

In the case of EPISD they are distributing 33,000 meals a day that are free to their students.

Yes the feral government is reimbursing them.

We all know who reimburses the feds.

We deserve better


Strange words

February 11, 2020

I was listening to a presentation the other day where two economists were interviewed about the short term future of our economy.

Each was an adviser in  a presidential administration, one democrat and the other republican.

I heard both of these economists, who might properly be categorized as one liberal and the other conservative, refer to tax cuts as “incentives”.

When did government not taking money from us become an incentive to us?

We deserve better


Lost principle?

January 23, 2020

From Thomas Jefferson’s first inaugural address:

Still one thing more, fellow-citizens — a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities.

We deserve better


A little bit of tax relief

January 9, 2020

For those of you who were facing the requirement to make your first RMD (required minimum distribution) withdrawal from your retirement account in 2020 please be aware that the law changed in December.

Evidently now if you had not reached the age of 70 1/2 before December 31, 2019 the new age trigger will be 72 years old.  This lets you keep the money working for you an extra year and one half.  If you were 70 1/2 years old before January 1, 2020 the law stays the same.

The new law also allows people over 70 1/2 to continue making contributions to their retirement accounts as long as they have “earned” (payroll) income.

Contact your tax adviser to see if this applies to you.

We deserve better


Government pensions

December 30, 2019

JerryK wrote this in a comment a couple of weeks ago:

Stop payments into City retirement funds (that are underfunded anyway) and convert employees’ equity into annuities. Subsequently make annual contributions into employees’ IRA accounts so they are on a level playing field with the private sector that has largely abandoned pensions. Contribute what we can afford, like the private sector.

I agree.

If any of us have to participate in the social security system then I believe that all of us should have to.

The pay that our government employees receive should compensate them fairly while they are working.  Pension plans should be eliminated.

We deserve better


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