This is connected to such phenomena as the decline of collective bargaining in the private sector, increased job insecurity and the explosion of household debt. Government workers are seen by the average strapped taxpayer as insulated from these pressures (public employees don’t help themselves by engaging in scams like “spiking” their final years’ pay to pump up their pensions), but the resulting resentment is the ultimate class-war victory of the haves over the have-nots. Middle-class taxpayers grouse about the retirement deals of teachers and DMV clerks, while bankers and CEOs, whose compensation and tax breaks really deserve public obloquy, slink away scot-free.“
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It doesn’t really matter what it’s connected to or what the cause is (the sickening disparity between the public and private sectors), facts is facts and it is what it is.
And I think (and hope) that it goes beyond resentment; more like anger and justifiably so – for both public employees and bankers alike.
The average private sector worker is being attacked on all sides: public employees, often their employer (reduced benefits, and on and on…) and the banksters.