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California is Broke (Here's Why)
Library of Economics and Liberty ^ | 09/07/2017 | David Henderson

Posted on 09/07/2017 6:47:48 PM PDT by SeekAndFind

A resident of my city of Pacific Grove recently did a huge service on Facebook by linking to a site that gives pay and pensions for state and local government workers. It's breathtaking.

Question: Who received the highest pension in 2017 and how much was it?
Answer: Ronald D. Miller. $366,529.20.
Mr. Miller was on the teaching faculty at the University of California, San Francisco.

The 7th highest pension, by the way, was received by someone I know and like: Richard W. Roll, the well-known finance professor at UCLA. So this is not a gotcha. It's simply pointing out the huge pensions that many former government workers get and that are bankrupting the state of California.

The numbers on pay are also illuminating. Not surprisingly, the top-paid people are either athletic coaches or medical school professors, with the top among them making over, and, in a few cases, well over, $1,000,000.

What's also striking is to go to the individual cities and check salaries. I live in Pacific Grove, and I was surprised at the people I know who, in 2016, made high 5 digits or low 6 digits. I don't know this for sure, but my gut feel is that they could be replaced by equally productive people making 20% less.

High pay and high pensions seem to be the major contributors to the fiscal problems of both the state government of California and various cities in California that we will be seeing for the next decade or two.



TOPICS: Business/Economy; Society
KEYWORDS: bankruptcy; california; pensions

1 posted on 09/07/2017 6:47:48 PM PDT by SeekAndFind
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To: SeekAndFind

Seriously? Now where do you think you can how a police officer for less than $488,000 per year?

Search bach t Tran.

http://transparentcalifornia.com/


2 posted on 09/07/2017 7:02:54 PM PDT by Yogafist
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To: Yogafist

I thought I typed hire not how into my phone.


3 posted on 09/07/2017 7:03:44 PM PDT by Yogafist
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To: Yogafist

And I screwed up the name as well, Jose j uribe made $488,000, Tran made a modest $460,000.


4 posted on 09/07/2017 7:06:37 PM PDT by Yogafist
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To: SeekAndFind

“Ronald D. Miller, M.D., Professor and Chairman in the Department of Anesthesia and Perioperative Care and Professor of Cellular and Molecular Pharmacology at the University of California, San Francisco, received the American Society of Anesthesiologists (ASA) Distinguished Service Award during the Society’s Annual Meeting,,,,,,

“Dr. Miller began his anesthesia career with the US Navy in 1968 as a staff anesthesiologist and received that Bronze Star with a combat V for Meritorious Service especially for his massive transfusion research in 1969 while stationed in Da Nang, South Vietnam. Dr. Miller joined the faculty of the University of California, San Francisco as Assistant Professor of Anesthesia and Pharmacology in 1970. He was promoted to Associate Professor in 1974 and Professor in 1978, and served as Vice Chairman of the Department of Anesthesia from 1982 to 1984 when he became the Chairman of the Department of Anesthesia.”

Well, at least he wasn’t some bureaucratic drone...


5 posted on 09/07/2017 7:16:03 PM PDT by proxy_user
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To: proxy_user
"Professor and Chairman in the Department of Anesthesia and Perioperative Care and Professor of Cellular and Molecular Pharmacology at the University of California, San Francisco"

No wonder I never made $500k..."Program Manager" is WAY too short. Stupid ole me didn't know pay was proportional to the number of letters in your title. Too soon old, too late smart. Oh, well. I couldn't have fit his title on my business card anyway.

6 posted on 09/07/2017 7:44:21 PM PDT by ProtectOurFreedom
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To: SeekAndFind
This is no surprise, many run of the mill patrol cops in CA retire with $100,000++ per year for life, in cash and benefits.☺
7 posted on 09/07/2017 7:48:41 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: proxy_user

He is now. 1968 was a long time ago.


8 posted on 09/07/2017 7:50:46 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: SeekAndFind

thx for flagging a useful site.

police officers seem make the most in PG (that’s good although there’s a big range there) but there seems to be a lot of others for whom it is amazing to see how much they are making for what they “do” in a sleepy little town like ours (btw, my mom lives there and we’re there a lot. she’s 90, on hospice, and pays about $5000 a year in property taxes to own her own house there, which she built).

really now, who owns whom in this crummy state?


9 posted on 09/07/2017 11:09:23 PM PDT by dadfly
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To: SeekAndFind

I know this question is going to tricky but I am going for it. “DEMOCRATS”


10 posted on 09/08/2017 6:39:01 AM PDT by okie 54
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