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November 21, 2010
The Intellectual Insanity of "Green Investments"
The Carbon Standard - CobbYou have this gaggle of people who are convinced that retirees deserve pensions. That's very clearly a peasant incentive, considering especially CALPERS which are nothing much more than a bunch of middle class civil servants - ex-government employees much less well deserving of pensions than say soldiers... Anyway, they tie their investments to the newly invented ethics of 'green' in hopes that some legislators somewhere will come up with a regulatory scheme to monetize carbon out of human existence. In other words, based on something entirely scientifically unprovable, but legislatively within the realm of political possibilities, they invent an economy literally out of thin air and desire to bankroll the future based upon that.
Posted by Vanderleun at November 21, 2010 3:37 PM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
That their contract of employment, either in writing or by promise of the government, contemplated a certain pension upon retirement as a condition or agreed on outcome of that employment over time is perfectly valid. That the State did it wrong is another matter entirely.
Posted by: Amazed at November 23, 2010 6:33 AM