Reply to Are teachers the new millionaires?

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[quote=Anonymous][quote=Anonymous]Here's a link to an interesting article by Forbes that suggests so:

http://www.forbes.com/forbes/2010/0628/opinions-rich-karlgaard-digital-rules-millionaire-cop-next-door.html
[/quote]

Fabulous. You have no intellectual self-respect at all.

You quote a right-wing magazine (Forbes) that cites a right-wing study (Heritage Foundation) about Feds getting 30% more than private sector workers. That sleazy Heritage study, which is about a year old, was easily debunked by OMB or GAO. Apparently government admins are paid more than their private sector peers. But government lawyers, economists, accounts and the rest are paid way LESS than their peers in the private sector.

And this sentence from your article is sheer BS:  "Who are America's fastest-growing class of millionaires? They are police officers, firefighters, teachers and federal bureaucrats, who, unless things change drastically, will be paid something near their full salaries every year--until death--after retiring in their mid-50s. That is equivalent to a retirement sum worth millions of dollars."  C'mon, show me a single Fed who gets 80-90% of their full salaries at retirement?  The PP who said 30% is more accurate, and that's for people who spend their full careers in govt and retire at 65 (not 56), which is a very small minority. And if the 80% figure includes TSP (401(k)) savings, well that's just their own savings.[/quote]

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