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The Government Gravy Train

December 12, 2016

An October survey of government workers revealed that 27 percent of them would consider quitting if Donald Trump became president, with another 9 percent unsure if they’d quit. Trump said he’d make government smaller and he might just have to show up on day one for it to happen!


Of course, such a scenario will not materialize because government workers have it too good.

In terms of total compensation, federal workers are more handsomely compensated than their private-sector counterparts. By how much? The number may surprise you. According to the Cato Institute, government workers make 76% more on average than private sector employees!










On top of that, at the federal level they’re nearly perfect (pdf) – as in 99.5 percent of them are “fully successful” in terms of work performance ratings. Another 0.4 percent are “minimally successful.”

So that means 99.9 percent of government workers are successful…really?


Here are a few examples of work that would not qualify as “fully successful” in my book.

The website cost $2 billion and didn’t fully work when launched. More than $100 billion was overpaid to government beneficiaries last year. And I don’t think the TSA and VA are shining examples of success.


But people aren’t being fired over these “successes.” Instead they get paid leave. There’s no incentive to change, and as we’ve seen over time, it’s only leading to larger budgets.

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This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice. Please consult with a professional specializing in these areas regarding the applicability of this information to your situation.

Andrew Wood, Dan Simon and Alison Slezak are Investment Advisor Representatives. Advisory services are offered through CoreCap Advisors, LLC., a Registered Investment Advisor. CoreCap Advisors, LLC and Daniel A. White & Associates, LLC are separate & unaffiliated entities. 

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