Source: INVOLUNTARY PHILANTHROPY: Supporting the Rich through Concession Bargaining

BY MIKE ALEWITZ

“Last week, Connecticut state employees agreed to accept yet another new concession contract.

The concessions deal struck by Gov. Dannel Malloy and SEBAC (The State Employees Bargaining Agent Coalition) will cost state workers about $4.8 billion over the next five years and over $24 billion in the next two decades. This theft amounts to an average of somewhere between $15,000 – $20,000 for every single state employee for the next twenty years.

At the same time, hundreds of millions of dollars in corporate welfare, along with subsidized tax relief for the wealthy, funnels that money straight into the pockets of the super-rich.”

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