Yeah I actually agree that this isn’t the big deal they think it is. If they’re nearing retirement hopefully they have at least 500k in retirement savings. With inflated home prices it’s reasonable that their home is valued near 500k. They would be considered millionaires.
Nothing to see here, they are just good with money and saving. It’s just a coincidence that their spouse got that board position on that NGO nobody ever heard about.
This is getting very interesting. I believe the civil service of the USA are the template most civil servants around the world want to copy due to the blatant but unchecked corruption.
If you work an ordinary job, put 10-15% into your average 401K fund and do that for 20-30 years; you will be a millionaire too
It’s basic math. Most Federal workers are not paid huge dollars, they generally make 10-15% LESS than their industry counterparts. They do have stability.
Not everyone is in DC. We have maintenance workers on military bases, mail, parks, space, coast guard, drug enforcement. Not everyone is a bum.
But we still got 160K who became millionaires on a government salary in a similar way members of Congress become multi-millionaires on their congressional pay and whatever wealth they had before entering office. My point was that there are too many people who have done this in a group where salaries are known. Can it be done? Yes. But when this many people have done it, questions need to be asked.
Personally, I did accomplish this. I taught in public schools and retired with over $1M in assests. This is because I invested in an IRA and a TSA in addition to my state pension which I contributed to to reduce my tax bite during my working years. But, the downside is that I audited twice since retiring and I'm paying more taxes now, but I am able to live comfortably. Few of my colleagues did not retire as well.
No problem as long as they made their money outside of government. We should have more people who aren't desperate to be bought off working in government.
As one attorney told me 40 years ago when asked about conflict of interest regarding a bank president, "if there is more than $500 involved, there is no such thing as a conflict of interest." He appeared to be joking, but was he?
Their houses alone are probably worth that much just from living in the area.
Yeah I actually agree that this isn’t the big deal they think it is. If they’re nearing retirement hopefully they have at least 500k in retirement savings. With inflated home prices it’s reasonable that their home is valued near 500k. They would be considered millionaires.
Effing thieves!
Nothing to see here, they are just good with money and saving. It’s just a coincidence that their spouse got that board position on that NGO nobody ever heard about.
This is getting very interesting. I believe the civil service of the USA are the template most civil servants around the world want to copy due to the blatant but unchecked corruption.
If you work an ordinary job, put 10-15% into your average 401K fund and do that for 20-30 years; you will be a millionaire too
It’s basic math. Most Federal workers are not paid huge dollars, they generally make 10-15% LESS than their industry counterparts. They do have stability.
Not everyone is in DC. We have maintenance workers on military bases, mail, parks, space, coast guard, drug enforcement. Not everyone is a bum.
But we still got 160K who became millionaires on a government salary in a similar way members of Congress become multi-millionaires on their congressional pay and whatever wealth they had before entering office. My point was that there are too many people who have done this in a group where salaries are known. Can it be done? Yes. But when this many people have done it, questions need to be asked.
Personally, I did accomplish this. I taught in public schools and retired with over $1M in assests. This is because I invested in an IRA and a TSA in addition to my state pension which I contributed to to reduce my tax bite during my working years. But, the downside is that I audited twice since retiring and I'm paying more taxes now, but I am able to live comfortably. Few of my colleagues did not retire as well.
There are a few million Fed employees who have retired. Looks like 1/6 did what you did. Not that unusual. Audit then. No problem
Assuming guilt seems excessive
That said, I have zero problems prescribing rope and gravity to those NGO’s stealing tax dollars from us. But let’s establish guilt first
Agree
Then they don't need the job. Fire them.
No problem as long as they made their money outside of government. We should have more people who aren't desperate to be bought off working in government.
Hahaha you are funny. Good joke.
As one attorney told me 40 years ago when asked about conflict of interest regarding a bank president, "if there is more than $500 involved, there is no such thing as a conflict of interest." He appeared to be joking, but was he?
I wonder how many of them are members of the Pelosi Trade Tracker group?
What a scam!
Dammit!
I'm in the wrong business ...
Fraud vitiates everything. We'll get it back.
they say taxation is theft, they never name the thieves