Sunshine laws already exist to uncover government spending and salaries. Any decent reporter with google can find out where taxpayer money is going. Musk isn’t looking to “shine light” on inefficiencies - he’s looking to dismantle anything that doesn’t serve him directly. You give these guys too much credit.
Disconnecting the top table, specifically the 95% and 99% from the total retirement benefits expense, I suspect misses much of the story. It seems not unreasonable that all of the 99th percentile earners are in the year or two before their retirement that pegs their pension benefits.
So, if you looked at the second table for the 99th percentile, you would probably get much higher overtime/base salary ratios. And, your 30% add-on for all employees is likely the average add-on, not the actuarially sound expected cost to tax payers. (That is, because government pension accounting is essentially fraudulent, the numbers are way too low.)
Wealth in a private sector enterprise can be built by employing additional workers whose marginal revenue exceeds their marginal cost. In a bureaucracy as a whole there is no incentive to build wealth. However, the individual bureaucrat is incentivized to hire as many people as possible without regard to cost or value to build that bureaucrat’s stature, position and individual wealth.
Why do you continue to exclude the larger context from all this?
This all comes across like you're bootlicking. You may be right at a micro level, but your failure to properly contextualize misleads (at best).
I'm out.
Sunshine laws already exist to uncover government spending and salaries. Any decent reporter with google can find out where taxpayer money is going. Musk isn’t looking to “shine light” on inefficiencies - he’s looking to dismantle anything that doesn’t serve him directly. You give these guys too much credit.
Disconnecting the top table, specifically the 95% and 99% from the total retirement benefits expense, I suspect misses much of the story. It seems not unreasonable that all of the 99th percentile earners are in the year or two before their retirement that pegs their pension benefits.
So, if you looked at the second table for the 99th percentile, you would probably get much higher overtime/base salary ratios. And, your 30% add-on for all employees is likely the average add-on, not the actuarially sound expected cost to tax payers. (That is, because government pension accounting is essentially fraudulent, the numbers are way too low.)
Wealth in a private sector enterprise can be built by employing additional workers whose marginal revenue exceeds their marginal cost. In a bureaucracy as a whole there is no incentive to build wealth. However, the individual bureaucrat is incentivized to hire as many people as possible without regard to cost or value to build that bureaucrat’s stature, position and individual wealth.