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Opinion >  Letters

Private pensions vanished

Look north of just about every Interstate 90 exit from Spokane eastward and new apartments are going up.

Servants quarters for the underemployed masses. Indirectly, your tax dollars at work (if you pay taxes) through socialized payroll handouts of underpaying private employers usually to unmarried parents.

Banks are very reluctant to loan on condominium projects anymore. It’s too hard to foreclose on 200 different owners and worse, bad condo neighbors drive down values.

And too many say “But that’s OK. I got my public pension I dodged taxes on with my sudden disability at retirement. I even got promoted a year before retirement to spike my pension. Overtime manipulated well into six figure incomes. Life is good.” (for the public pensioner at least).

What ever happened to private sector pensions? Or public workers sacrificing in a life of public service instead of taxpayers? Why don’t median incomes matter anymore? Local governments or districts go broke on staggering pension costs. It’s the real inequality.

I know. Not your problem … yet.

Mike Reno

Post Falls

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