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Started By
Message
Let’s talk about the most ridiculous amendment. Number 1
Posted on 11/7/22 at 2:27 pm
Posted on 11/7/22 at 2:27 pm
A yes vote allows the state to increase investment of certain state funds in the stock market from 35% to 65%
Why the frick is the state investing our tax dollars back into the stock market?
Why can’t they balance a budget instead of gambling with our money to pay their bills?
This should be an easy no vote.
Get your shite together LA and balance your budget.
Why the frick is the state investing our tax dollars back into the stock market?
Why can’t they balance a budget instead of gambling with our money to pay their bills?
This should be an easy no vote.
Get your shite together LA and balance your budget.
This post was edited on 11/7/22 at 5:44 pm
10
Posted on 11/7/22 at 2:29 pm to WaWaWeeWa
quote:
Why can’t they balance a budget instead of gambling with our money to pay their bills?
This is typically for the retirement funds, which require some sort of investment to fight inflation
Posted on 11/7/22 at 2:29 pm to WaWaWeeWa
I'm a no on all of the amendments. #4 is the only one i'm iffy on. It appears common sense on the outside, but i'm trying to figure out we are just now seeing an amendment on this now.
ETA: wait, i thought amendment #2 was the homestead exemption for vets?
ETA: wait, i thought amendment #2 was the homestead exemption for vets?
This post was edited on 11/7/22 at 2:31 pm
Posted on 11/7/22 at 2:30 pm to WaWaWeeWa
I’ve spent hours studying and talking to staunch limited govt conservatives
Yes on 1, 5, 8
They almost tricked me on 5 bc I was voting no but voting yes mean they no longer have to use the maximum millages every 4 yrs.
To all of you voting no… the politicians thank you bc they want you to think you’re opposing something and your no vote just allows it
Yes on 1, 5, 8
They almost tricked me on 5 bc I was voting no but voting yes mean they no longer have to use the maximum millages every 4 yrs.
To all of you voting no… the politicians thank you bc they want you to think you’re opposing something and your no vote just allows it
Posted on 11/7/22 at 2:31 pm to WaWaWeeWa
I downvoted not because you're necessarily wrong, but this is not a crazy amendment. These types of funds have to be invested in something and the stock market is typically one of those places.
Posted on 11/7/22 at 2:35 pm to LSUAngelHere1
quote:
I’ve spent hours studying and talking to staunch limited govt conservatives
Yes on 1, 5, 8
They almost tricked me on 5 bc I was voting no but voting yes mean they no longer have to use the maximum millages every 4 yrs.
To all of you voting no… the politicians thank you bc they want you to think you’re opposing something and your no vote just allows it
This has been copied and pasted in multiple threads.
I was unsure how to vote, but I think I'm going to do the opposite of that.
This post was edited on 11/7/22 at 2:36 pm
Posted on 11/7/22 at 2:38 pm to Clyde Tipton
Yes, there’s 3 threads on the amendments and I wasn’t going to type it every time.
Vote the opposite if you want to…. You do you.
Vote the opposite if you want to…. You do you.
Posted on 11/7/22 at 2:51 pm to WaWaWeeWa
quote:
Why the frick is the state investing our tax dollars back into the stock market?
Is it possible that they could personally profit on the market by losing on investments from the fund they manage for the state?
ETA:IIRC:
quote:
A yes vote allows the state to increase investment of certain state funds in ( in equities )the stock market from 35% to 65%
This post was edited on 11/7/22 at 2:56 pm
Posted on 11/7/22 at 2:54 pm to LSUAngelHere1
quote:
To all of you voting no… the politicians thank you bc they want you to think you’re opposing something and your no vote just allows it
Always mind games. These folks wouldn't shoot straight to save their lives. How they aren't required to present these things in plain language to the folks they serve who do not have degrees in their lingo means it's by design. Lawyers through and through.
Posted on 11/7/22 at 3:32 pm to WaWaWeeWa
I think you mean amendment 1?
Posted on 11/7/22 at 3:40 pm to WaWaWeeWa
quote:
Why the frick is the state investing our tax dollars back into the stock market?
Why can’t they balance a budget instead of gambling with our money to pay their bills?
You are why this state is backwards. This is complete dumbass logic.
Most every university can invest their endowment in stocks. LSU couldn't for years and, as a result, had hardly nothing.
People who bitch about this state should start by looking in the mirror.
Posted on 11/7/22 at 4:38 pm to WaWaWeeWa
Will be voting no on all the amendments
Posted on 11/7/22 at 5:25 pm to SlowFlowPro
quote:
This is typically for the retirement funds, which require some sort of investment to fight inflation
The fact that this is typical isn’t a good argument for it. We have been printing money we don’t have for decades, that doesn’t make it right.
The states budget shouldn’t hinge on the stock market and I don’t trust the inept government to make wise investments.
This is partly why the stock market is massively overvalued because of so much passive investing. It’s a house of cards that the state government shouldn’t be invested in.
Posted on 11/7/22 at 5:26 pm to GetBackToWork
quote:
You are why this state is backwards. This is complete dumbass logic. Most every university can invest their endowment in stocks. LSU couldn't for years and, as a result, had hardly nothing.
A university is in no way the same as the state government investing my tax dollars
Posted on 11/7/22 at 5:28 pm to WaWaWeeWa
Why don’t you edit the title, seeing as you’re talking about Amendment 1?
Posted on 11/7/22 at 5:28 pm to WaWaWeeWa
quote:
Why can’t they balance a budget instead of gambling with our money to pay their bills?
The state missed out on the Gamestop trade and want back in.
Posted on 11/7/22 at 5:30 pm to WaWaWeeWa
Dedicated funds for future projects have to be placed somewhere but this is a huge jump in the percentage so it’s a no vote
Posted on 11/7/22 at 5:46 pm to GetBackToWork
quote:
You are why this state is backwards. This is complete dumbass logic.
So because the state has fricked up their budgets for decades we are supposed to let them involve in riskier assets to ameliorate that? Sounds like a recipe for disaster.
Maybe they should balance their budget and not handicap themselves with awful pensions instead.
And I don’t give a frick how many other states are doing it. This entire country is on a path to fiscal destruction.
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