Instapundit » Blog Archive » AMERICA’S FASTEST-GROWING CLASS OF MILLIONAIRES? Public Employees. “Who are America’s fastest-gr…

AMERICA’S FASTEST-GROWING CLASS OF MILLIONAIRES? Public Employees. “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.

Should we be worried about this? Maybe. As economist Herb Stein said,

“If something cannot go on forever, it will stop.”

The problem here is that government almost across the board is living way beyond its means. So, we will experience higher taxes to pay for this largesse after we have have experienced the extraordinary borrowing binge that still goes on today.

Instapundit » Blog Archive » AMERICA’S FASTEST-GROWING CLASS OF MILLIONAIRES? Public Employees. “Who are America’s fastest-gr…