The public employee aristocracy profits from the coronavirus
During this coronavirus emergency, we frequently hear theclichéthat “we are all in this together.” No, we’re not.
Yes, we all risk catching the disease. Especially public and private first responders and medical workers.
But from a financial sacrifice standpoint, most public employees (not police and firefighters) can expect to actuallyprofitfrom this trying time, while most private employees will indeed suffer.
Theongoingadvantages that public employeesalreadyenjoy are numerous. Compared to most equivalent private sector jobs, public employees receive higher pay (especially government blue collar workers), MUCH more lucrative benefits (especially pensions), rock-solid job security, more vacation time, have little or no performance standards and retire at a younger age.
But now with the helicopter money raining down from DC, it’s gotten even better for the majority of public employees. Everyone in America will receive a one-time $1,200 federal check.This windfall scales down from 100% for incomes up to $75K to zero at $100K.
BTW, combined with the business subsidies and… Read More