Is the US Government a Kleptocracy?
Kleptocracy is government rule by thieves.
In answer to the question in the title above, this article should give you some thought. Key graph:
The wage increases for government workers from 2006–2007 in 45 different job classifications averaged 5.7%. A USA Today news story earlier in the year reported that the total compensation for government employees from 2000–2007 had risen by 16%, while their private-sector counterparts lagged behind with an increase of 11% over the same period. With increases in private-sector compensation trailing in comparison to that experienced in government pay, the income gap that once heavily favored the former has all but disappeared.
Government employees play by different rules than the rest of us. They don’t feel the effects of inflation like we do in the private sector because they legislate inflation indexed wage increases.
So the government does jobs poorly and inefficiently, devalues the currency, but pays themselves more (by force through mandatory taxation increases) so they don’t feel the effects of the devaluation like the private sector does.
Is that a kleptocracy? Are they kleptocrats?
You tell me.
Technorati Tags: kleptocracy, minarchism, inflation, taxation, currency, devaluation
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[…] Oh yeah, and they’re good at voting themselves pay increases. […]