Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

VIDEO: Today’s Historical Vote

June 5, 2012 By E.J. Smith - Your Survival Guy

You’ll have a better idea by this time tomorrow what type of country your grandchildren will inherit. Will it be one where they will be overrun by public-sector pension obligations, or will it be one where they as taxpayers control their state’s purse strings? Wisconsin Governor Scott Walker has made the necessary reforms by putting control of the public sector back where it belongs: with the taxpayers. Public-sector union leaders are fuming and are in the fight of their life. If Walker wins the recall vote today, expect this to be the beginning of reform around the country. For union leaders, it may be too late if union members are given a choice, as they are in Wisconsin, to pay union dues or not to pay. They’re not paying.

Armed with the choice to pay or not to pay union dues, thanks to Gov. Walker, they have decided not to. Union membership is sinking like a rock. According to The Wall Street Journal, since Walker’s reforms, membership has cratered by more than half for the second-biggest union AFSCME. Its membership has dropped from 62,818 in March 2011 to 28,745 in February. Plus, not only are members not paying dues, unions are not recertifying because it’s too hard.

To recertify, thanks to Gov. Walker’s reforms, it takes 51% of the votes of all organization members, whereas in the past it only took 51% of those voting. Once a union is decertified, it is no longer recognized by the state in official negotiations. Therefore—and this is why it’s so important to taxpayers—the state no longer has to stick within the bargaining guidelines union leadership had written into law.

Walker’s reforms do two things: one, give union members a choice not to have their dues automatically deducted, and two, require a true majority to recertify a union rather than only 51% of those who vote. It’s about money and control. When given a choice to pay dues, members don’t pay and they don’t vote to recertify. As the Journal reports, Tina Pocernich, a researcher at Wisconsin, paid dues for 15 years but not anymore. “It was a hard decision for me to make. But there’s nothing the union can do anymore.”

This is the type of public-sector union reform that states need. Forget about special tax breaks to lure companies to your state, like the ones Rhode Island has tried and failed at. Put control of the state coffers back into the hands of taxpayers, and step back and wait. The jobs will come. This is the final stand. Public-sector union leaders and their 37% membership rate, versus only 6.9% in the private sector, have had it too easy for too long. They’ve bankrupted cities and towns across the country with sweetheart pension deals and contracts impossible to break. It’s time union leaders are shown the door so you can make sure your grandchildren don’t have to have this fight when you’re no longer around to help them.

 

Related Posts

  • VIDEO: Collins to Vote Yes on Kavanaugh Confirmation
  • VIDEO: US Attorney General Eric Holder's Ballot to Vote Offered to Total Stranger
  • VIDEO: Unions explained
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

Click here to sign up for my free monthly Survive & Thrive letter.
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • 4 Life Changing Words for Your Survival Guy: “You Should Try This” - January 26, 2023
  • Why Investors Should Forget Prices and Focus on Income - January 26, 2023
  • Welcome to Hotel California, Where You Can Never Leave - January 25, 2023

Dick Young’s Must Reads

  • The Clock is Ticking: You Must Protect Your Family
  • DIGITAL ID: You Are More than a Soulless Digital Identity
  • “The Goal”: Strong Families, Resilient Faith, Thriving Middle Class.
  • Warning! Your Survival Guy’s on a Boil Water Advisory
  • “The Losses are Taking a Toll on Their Health”
  • Rich Grandchild, Poor Grandchild
  • The Armed American Family: Part I
  • Your Cash Swept into Your Broker’s Bank Account!
  • America’s Colleges Have Become Progressive Liberal Rat Holes
  • Is Rutin Useful in Preventing Blood Clots?

Our Most Popular Posts

  • Pfizer CEO Terrified of Real Questions About His Vaccines
  • America's Super States and Stocks that Respect YOU
  • Give Me Clean, Efficient Gas
  • How the Biden Administration Is Destroying Our Energy Infrastructure
  • The Rich Seek More from Bank Accounts
  • Artificial Intelligence Is Coming, But It's Not Quite There
  • Is Kevin McCarthy’s GOP Willing to Do What It Takes on Debt?
  • The Sound of Silence
  • Strengthen Your Defenses Against Stroke
  • Forty Years Ago, Jogging a Mile a Day and Still Going

Disclosure

RSS Youngresearch.com

  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Suddenly, Holding Cash Looks Good Again to Many
  • Anti-Carbon Crusaders in Davos Talk ESG and OPM
  • Is Passive Investing Already Passé?
  • Welcome to Hotel California, Where You Can Never Leave
  • What You’re Telling Me Matters
  • Can Banks Compete with Apple Pay and PayPal?
  • America’s Super States and Stocks that Respect YOU
  • Markets Are Calling the Fed’s Bluff
  • Don’t Let Your Lazy Cash Eat all Your Food

RSS Yoursurvivalguy.com

  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Anti-Carbon Crusaders in Davos Talk ESG and OPM
  • Welcome to Hotel California, Where You Can Never Leave
  • What You’re Telling Me Matters
  • The Rich Seek More from Bank Accounts
  • California’s Wealth Tax Will Drive Out Remaining Rich Residents
  • Political Establishment Irate over Conservative Challenges to ESG
  • Congratulations Mikaela Shiffrin on 83rd Win
  • America’s Super States and Stocks that Respect YOU
  • NYC Bleeding Revenue as Wealthiest Flee the City

Will Western Tanks Be a Game Changer in Ukraine?

The Power of Words

4 Life Changing Words for Your Survival Guy: “You Should Try This”

Is Putin’s Meat Grinder Working?

California Unions Could Spike the Slowly Recovering Supply Chain

Ukraine Filled with Russian Sympathizers and Collaborators

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives