Ever hear the phrase: "Bulls and Bears make money - Pigs get slaughtered?"

What this means is that when negotiating, you can never expect to win all the time. You have to end the negotiations so that both sides feel good or at least not taken advantage of.
That is being a bull or a bear.

But if you always demand to win 100% and never give anything to the other side, that is described as a PIG. And no one ever helps the PIG when they are down.

You meet the same people on the way up as you do on the way down. SO being kind to the people you meet in life and as you rise in life, is prudent, costs nothing or very little and offers you a safety net should you ever find yourself on the way down.

UNIONS are always demanding overly large salary increase PLUS additional excessive health and pension benefits.

These pension benefits are what is bankrupting cities and large companies all over the USA.

W,hen a company or a city bankrupts they can wipe out the excessive pension growth payouts and
re-set the pension payouts to a more "normal" expectation.

I have zero empathy for unions that demand 8% or 10% or 12% pension growth for its members. That is excessive expectations and unsustainable. But pensions never care about that. They are by definition PIGS. And what happens to PIGS??? They get slaughtered.

SO I am in favor of cities going bankrupt and for companies going bankrupt.
That does two things.

It levels the playing field for pensions between union and non-union.

It reduces real estate taxes or reduces corporate expenditures that are strangling the city or the corporation. That is good for everyone ...

And that's the way I see it...
Straight Talk with Jay Clifford.