CALPERS is completely corrupt. They have been paying so called Agents fees to locate investments for them. Payoff’s to political cronies. Now they are begging for more money to make up for their bad investments. The people who have no retirement funds are being asked to pay more and more to CALPERS and public unions to live in luxury.
We refuse to pay. We are going Galt on you and will stop spending in money in CA to dry up your tax income.
What could possibly go wrong here?