The Millionaire Cop Next Door

From Forbes:

“It is said that government workers now make, on average, 30% more than private sector workers. Put that fantasy aside. It far underestimates the real figures. By my calculations, government workers make more than twice as much. Government workers are America’s fastest-growing millionaires.”

Read full article.

5 thoughts on “The Millionaire Cop Next Door

  1. Seriously, in today’s economic environment, what are the odds that baby-boomers will be able to collect these ridiculous pensions for their entire life? The pensions are underfunded now with a shrinking tax revenue base, just wait until all baby-boomers retire at the same time. Pensions collected in devalued currency will be the only way. The U.S. can’t afford riots like Greece because too many Americans own guns.

    Blaming everything on Bush won’t solve this problem.

  2. I am sure we will see protests and strikes — just like in Greece — from government workers when benefits get cut. If the Dow melts down though that might solve it all quick. If the Dow really hits a low, and if people really understood that the Fed’s magic fairy dust can’t resurrect it — that might just wake people up to the stark reality that statism doesn’t work.

  3. 1. Do not buy muni bonds. Municipalities such as NYC and Boston have bloated payrolls. Cops can retire @20 years and then become firefighters. After 10 years they can collect that pension too and subsidized health care.

  4. As the U.S. dollar continues to depreciate,eventually this $80 grand pension will be worth 80 thousand pesos.Of course,all the rest of us private sector people will be in even worse shape,and we get stuck paying these government parasites FOREVER!

Comments are closed.