Teachers’ Unions Divest from Gun Manufacturers, Can Gun Owners Divest from Teachers’ Unions?

As investments go, gun manufacturers are a pretty good one. Teachers’ unions are a really bad one. But New York and California teachers’ unions which are funded by stealing from taxpayers, many of them gun owners, are using that stolen money to divest from gun manufacturers, even though this moves their larcenous pension funds closer to the brink of collapse, requiring further taxpayer bailouts.

CalPERS, the California public employees pension fund, dug itself into a deep hole with “socially responsible investing“. Those decisions cost the fund billions of dollars and CalPERS is now bankrupting entire California municipalities because of its own corruption and incompetence. Now that it is choosing to divest from the profitable firearms industries, more homeowners will be squeezed out by its corrupt leftist overlords.

But like the rest of the larcenous left, CalPERS doesn’t care. It believes that it can keep off ripping the public forever, even as it is driving entire cities into bankruptcy, and then using that money to enforce its own social policies.

CalPERS lost nearly a quarter of its value at the end of the last decade after making several high-risk investments while selling off good ones.

CalSTRS has 65 billion in unfunded liabilities. (And even that is probably with a series of funding gimmicks.)  While CalSTRS parasites are whining that their retirement age has been pushed back to… 62. The actual hardworking people funding them would love to retire at 62. Meanwhile there are 5,259 CalSTRS’ parasites receiving pensions of over $100,000 a year.

In the face of all that, CalSTRS has the incredible chutzpah to dump profitable investments for political reasons, leaving taxpayers even further on the hook for their ridiculously generous 62 retirements and $100,000 pensions.

To understand the full level of irresponsibility in California’s state government, read the following.

California State Treasurer Bill Lockyer is also pressing the biggest U.S. fund, the $254 billion California Public Employees’ Retirement System, to shed its $5 million of exposure to firearms manufacturers.

A Treasurer is supposed to protect state finances. In California however a State Treasurer promotes political correctness by further undermining the finances of the biggest drain on the state.

The whole problem here is that public pension funds can keep ripping off the taxpayer endlessly while playing their politically correct games. If teachers’ unions can divest from gun manufacturers, tax payers should be able to divest from teachers’ unions.

  • Gee

    My wife's pension is in CalPers and I have to wonder if she will see any of it. Since the board of CalPers has a fiduciary duty to it's members and their practices are contrary to that duty – can they not be held legally accountable?

    • Daniel Greenfield

      The system that holds them accountable is fatally broken. Top state and city financial officials in CA and New York are enmeshed in their own scandals.

    • tagalog

      A violation of the fiduciary duties of good faith and due care, and pension fund administrators are held to a high legal standard, is actionable. But you have to remember, you can't get blood from a dried-up rutabaga.

  • Moliminous

    And when their pensioners are broke and foraging for food, despite my charitable sense, they won't get past the 12 gauge that Biden gave me to ward off attackers.

    • Gee

      Don't worry President Billary will out law those 12 gauge shotguns too

      • http://www.adinakutnicki.com AdinaK

        These same teacher's unions are okey dokey with unrepentant terrorists teaching the kiddies – http://adinakutnicki.com/2012/12/25/domestic-terr….

        Thus, why would anyone expect them to shore up the rights of law abiding citizens, upholding the Second Amendment, rather than doing the bidding of the most radical regime in U.S. history?

        Adina Kutnicki, Israel http://adinakutnicki.com/about/

  • Lady_Dr

    Yes, you can divest. Get out of California, if you are a teacher in a public school go get a real job, and if your children are in public schools get them out of there – public schools are the left's madrassas.

  • Mary Sue

    The problem is when leftists leave the hole they themselves created, they move somewhere else and then institute the same failed policies that put California in the mess it's currently in. They're like locusts! Devour and utterly destroy a place, and move on…lather, rinse, repeat…

  • cxt

    Interesting question…….I would love for someone in CA to point out that overall CA students are failing and they they refuse to contiune to pay for such a failing system. THEN you would hear a choir of people saying some varient of:

    -"you can't blame everyone for a few bad apples"