UPDATE: If the TPP Passes Bernie Sanders Will Be the Next President of the US. And Here's Why:

[Sancho]

138. Our retirement fund would be taxed...according to our analysis.

Our fund is invested by various state contractors - like my wife's DROP fund is controlled by Bencor. This money is transferred and manipulated exactly like a millionaire would do - it's not in our personal control. It's managed by professional Wall Street investors who DO speculate. The fund invested in AIG, Enron, Global Crossing, and hedge funds in the past!!! Yes, we have complained and argued that the state should not play games with retirement money, but good luck with that!! Jeb and friends LOVE to invest in their buddies companies and wild schemes. The also get contributions from those companies to their election campaigns. Likely, there are similar large funds - both public and private all across the country.

If they don't make "enough" for the defined benefits expected to be needed by retiring employees, then the state goes back to the employees for more contributions from their paychecks. They did that a couple years ago by reducing the "contribution" for state employees from 6% to 3%. That's a hit of 3% a year for the entire career left for some employees.

Unless you can change the way many of these funds are actually managed, the transaction tax would in fact affect us. I haven't seen anything Bernie's tax can do to distinguish between Romney investing in a hedge fund or AIG vs. the Florida Retirement contractors investing in the same funds. To the Wall Street seller, our fund managers look just like another few hundred million being invested by professional buyers.