Back in 2013, I got very upset when I learned that senior bureaucrats at the IRS awarded themselves big bonuses, notwithstanding the fact that the agency was deeply tarnished by scandal because of its efforts to help Obama’s reelection campaign.
That’s when I decided to put forth my “First Theorem of Government,” which simply states that the public sector is a racket for the benefit of a ruling class comprised of bureaucrats, interests groups, cronies, and other insiders.
They have figured out how to line their pockets and live very comfortable lives at the expense of people in the economy’s productive sector.
The same thing is true on the other side of the Atlantic Ocean. The U.K.-based Daily Mailreports that senior bureaucrats in the country’s government-run healthcare system get lavish taxpayer-financed pension.
Hundreds of NHS managers have amassed million-pound pension pots while presiding over the worst financial crisis in…
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