Pensions and prisons
Regarding Christopher Burnham’s “Politicization hurts returns, harms retirees” (Nov. 7): Excuse me? As a retired teacher, I had no idea part of my pension comes from investments in private prison companies! Now I understand the lack of proper funding for the schools in which I taught, of sufficient counseling for disturbed students, the frequent absence of even such basic supplies as paper towels in the bathrooms and the times when substitute teachers didn’t show up.
I had no idea it was in my interest to contribute not to well educated and supported children who would become good citizens but to miseducated and alienated young people whose incarceration would prop up my declining years. There are other investment opportunities in the world; perhaps the wise and omniscient Burnham could suggest some.
And, yes, picking on “sugar and soda companies” would be a good idea, as most schools have been on a steady campaign to discourage their use and promote healthy foods. I suppose slavery was seen by some as a “robust investment.” Politics is society, Burnham, and it’s nice to think that society can become enlightened and, with luck, change for the better.
Jean White, San Francisco