PERS Monthy Payments

[Denny Crane]

And will they have tea parties with the fairies and unicorns that live on the capital lawn? And, oh, let's make the white house really really tall, so that you can touch the moon from the window.

barfo

The 99% don't like the way things are, eh? So if they want change, things have to change. Duh.

 

[barfo]

The 99% don't like the way things are, eh? So if they want change, things have to change. Duh.

Change is needed doesn't mean that any fantasy you can concoct is suddenly realistic.

barfo

 

[jlprk]

The guys at the top of corporations make .05% of the company's revenues. It's generally been that way for big companies for decades. The rest of the workers get 50% of the revenues, typically.

I doubt you have any source, because no reputable one would mash together all types of industries into one stat.

For example, the service industries pay a high percentage of revenue out as payroll. Manufacturing sectors pay a low percentage. In between is retail.

What determines the percentage is the complexity of inventories. In declining order of types of inventories, the industries are manufacturing, retail, and with no inventories to speak of, service.

To be more accurate, you'd have to classify industries more finely than just the three broad categories I used.

Anyway, it's interesting that you want government employees to be socialist altruists after giving up their high pay in private management. And you want private headhunters to ignore talent developed in government and not hire them away. That's the only way to keep top government employees low-paid.

I'd like to see both sides, top people in private and government, paid less. The economy is dying because consumers overspend on both sides, giving away trillions on rich people's tax cuts.

 

[jlprk]

All I see is a red X in a box!

 

[huevonkiller]

The 99% don't like the way things are, eh? So if they want change, things have to change. Duh.

They aren't the 99% anyway lol.

 

[Denny Crane]

I doubt you have any source, because no reputable one would mash together all types of industries into one stat.

For example, the service industries pay a high percentage of revenue out as payroll. Manufacturing sectors pay a low percentage. In between is retail.

What determines the percentage is the complexity of inventories. In declining order of types of inventories, the industries are manufacturing, retail, and with no inventories to speak of, service.

To be more accurate, you'd have to classify industries more finely than just the three broad categories I used.

Anyway, it's interesting that you want government employees to be socialist altruists after giving up their high pay in private management. And you want private headhunters to ignore talent developed in government and not hire them away. That's the only way to keep top government employees low-paid.

I'd like to see both sides, top people in private and government, paid less. The economy is dying because consumers overspend on both sides, giving away trillions on rich people's tax cuts.

I've seen the financial statements of hundreds of companies. Unless it's a very small company with absurdly high revenues (like a small investment firm), the employee salaries and benefits are the biggest expense by far. And those dwarf the executives' compensation.

Note that COGS are not expenses.

And I do not want socialist anything from government or its employees.

 

[jlprk]

COGS are cost, not expenses, but either way they don't affect the constant percentage of revenues that you say payroll has across many industries. The aspirations you want to motivate government employees are socialist and altruist. If you think people could successfully be motivated by charitable impulses to work efficiently in government, why not try using the same money-saving motives in private jobs?

 

[Denny Crane]

COGS are cost, not expenses, but either way they don't affect the constant percentage of revenues that you say payroll has across many industries. The aspirations you want to motivate government employees are socialist and altruist. If you think people could successfully be motivated by charitable impulses to work efficiently in government, why not try using the same money-saving motives in private jobs?

You up for 1 share = 1 vote in government? The rich would own a lot of shares, since they would be buying them with their taxes.

Think really hard about what you're proposing.

 

[barfo]

You up for 1 share = 1 vote in government? The rich would own a lot of shares, since they would be buying them with their taxes.

Think really hard about what you're proposing.

I don't see the connection between your post and his. Doesn't seem like he proposed anything remotely like that.

barfo

 

[Denny Crane]

I don't see the connection between your post and his. Doesn't seem like he proposed anything remotely like that.

barfo

Maximizing profit for the shareholders are the money saving motives in the private sector.

I do think the govt. should be run like a non-profit business. It shouldn't maximize profit, but it should break even and spend no more than it takes in. It should pay for its ordinary expenses via taxes, and it should buy capital investments (like roads, bridges, etc.) from an entirely separate capital budget.

 

[barfo]

Maximizing profit for the shareholders are the money saving motives in the private sector.

Yeah. But what he proposed was

If you think people could successfully be motivated by charitable impulses to work efficiently in government, why not try using the same money-saving motives in private jobs?

His is a proposal (or perhaps a rhetorical question) for the private sector, not government.

Leaping from that to talking again about taxes being somehow equivalent to buying shares in government doesn't make any sense at all.

barfo

 

[PtldPlatypus]

I don't want government run by people who are in it for the money. I want government that is run by rather ordinary people who've succeeded in the private sectors, who serve for just a few years, and then they go home to do whatever it was they did before serving.

Unfortunately, more likely than people taking government jobs for the sake of "serving", we'd get people seeking positions for the purpose of obtaining influence which they can use/abuse for self-interest. Higher pay is probably better, but probably also less job security, rather than the current system, in which you basically need to commit a felony in order to be fired from a government job.

 

[jlprk]

I'm glad Barfo questioned your answer or I'd just say, "Uh, what?" So you're saying that since I found a disconnection between private and public work (profit motive vs. public service) which you had thought could be bridged, therefore you are allowed to name an arbitrary disconnection (corporation shares sold in a stock market vs. government supported by taxes) and win a cookie.

Okay, I understand the game. We all start with the previous poster's disconnection, and connect from his disconnection to a new disconnection, which we name. I'll keep the chain going and we must all connect to it for a cookie.

"Well, then corporations should each have a private bank and militia, just like centuries ago when taxes were low because corporations paid for such costs themselves instead of sponging off the government."

Okay, your turn.

 

[Denny Crane]

I'm glad Barfo questioned your answer or I'd just say, "Uh, what?" So you're saying that since I found a disconnection between private and public work (profit motive vs. public service) which you had thought could be bridged, therefore you are allowed to name an arbitrary disconnection (corporation shares sold in a stock market vs. government supported by taxes) and win a cookie.

Okay, I understand the game. We all start with the previous poster's disconnection, and connect from his disconnection to a new disconnection, which we name. I'll keep the chain going and we must all connect to it for a cookie.

"Well, then corporations should each have a private bank and militia, just like centuries ago when taxes were low because corporations paid for such costs themselves instead of sponging off the government."

Okay, your turn.

I mistook your advocacy of National Socialism as a mistake.

Michael Bloomberg is a $billionaire who made his money in the private sector then chose to serve as mayor of NYC. I'm sure he didn't take the job for the money. I'm also sure he's been a very good mayor.

 

[jlprk]

Well then we should all give him a sieg heil and yell banzai as we hit the beach.

 

[MARIS61]

I mistook your advocacy of National Socialism as a mistake.

Michael Bloomberg is a $billionaire who made his money in the private sector then chose to serve as mayor of NYC. I'm sure he didn't take the job for the money.

Nobody takes it for the salary.

He took it because he is power-mad. Same as every previous mayor of NYC. It is arguably the second most powerful office in America.

 

[bluefrog]

Perry double dips state salary and pension

The report filed with the Federal Election Commission shows that Perry is collecting his $7,700 monthly state pension in addition to his nearly $133,000 annual salary as governor. State law allows any employee to begin collecting retirement benefits if their years of military and state service plus their age adds up to more than 80.

 

[PapaG]

Perry double dips state salary and pension

What's amazing is that the governor of Texas only makes $133k/year, considering it is a top 15 global GDP on its own and #2 in GDP for the USA. By comparison, the governor of WA makes over $150k, and the governor of Oregon makes ~$100k.

Perry is collecting his $7,700 monthly state pension

Perry should have been governor in Oregon. Or a school superintendent in Lake Oswego...

 

[HailBlazers]

Disgusting.

University of Oregon interim president, catches PERS wave and $115,000 a year

Today it pays him $114,832 a year -- 180 percent of his top salary there. On top of that, his total compensation as UO president is $370,293.

http://www.oregonlive.com/education/index.ssf/2012/03/robert_berdahl_university_of_o.html

Oregon losing Money Match game in Public Employees Retirement System fund

http://www.oregonlive.com/politics/index.ssf/2012/03/oregon_losing_money_match_game.html

Helmuth Resch has long since moved back to his native Austria. He started drawing his Oregon pension in 1999. Since then, the Oregon Public Employees Retirement Fund has paid him more than $2 million.

 

[huevonkiller]

A PER of 15 is average, anything above 22 is All-Star level, anything about 30 is strong MVP candidate level, a per around 35 is a historic season.