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Did you know you are an insurance company?

JUNE 1, 2018 | by John Pelletier | WATERBURY RECORD (VERMONT)

“If you pay income or real estate taxes in Vermont, you are like an insurance company. You are insuring, with your taxes, the retirement pension and health care benefit promises made to state employees and public school teachers. Here are the risks you are insuring: investment risk, longevity risk and economic growth risks.”

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