Government employees — the true 1 percent
Does this even slightly surprise anyone??
The truth is that government employees are the true 1%. We have far too many of them (21 million), many of them are paid too much, and their union demands are straining taxpayers to the breaking point.
They have become a privileged class that expects to be treated superior to the taxpayers — the same folks who pay their salaries and pensions. But it is their obscene pensions that are the big problem moving forward for America.
How would you like to retire with $6 million? $8 million? $10 million? All you have to do is become a government employee to hit the jackpot.
You don’t believe me? Do the math.
I recently talked with a retired New York City toll taker. His salary averaged about $70,000 per year over 20 years. But in his last few years he worked loads of overtime and added in accumulated sick days to get his salary in those final years up to $150,000.
His pension is based on his final years’ salary. This is a common pension-padding ploy.
He bragged that he will now get a taxpayer funded pension of $120,000 a year for the rest of his life. He’s only 50 years old.
The average 50-year old male has a life expectancy of almost 80. With automatic cost of living increases, that’s a bill to taxpayers of $5 million for the next 30 years –for not working. THREE TIMES WHAT HE EARNED WHILE WORKING.
And, of course, we’re also paying his medical bills.
Are these stories the exception, rather than the rule? Over 77,000 federal government employees earned more than the governor of their state.
Since 2000, federal government employee compensation has grown by 36.9% versus 8.8% for private sector employees.
Keep reading the article… It’s simply remarkable…