Originally Posted by
waldo135
Nice pivot. I addressed a comment about significant cash flow, not cost to taxpayer over 40 years. Check your math. $1.2 divided by 40 is $30k. Not a lot to live on most places in the US if you are 38 with kids.
I definitely pivoted; sorry if that bugged you. Cash flow was the wrong term...cash would have been the right term.
Check my verbiage...$60k per year worked. That's inverting what most retirement plans pay, which is to say a benefit term that is closer to or less than the term worked.
Agreed, $30k is not a lot to live on... in fact it's not enough. But it's easily food and rent in many parts of the country.
My hunch is that there are few (other) government systems that offer that kind of return on investment. Naturally, there are outliers.
I discussed cost to taxpayers because that's what bankrupts municipalities, not a metric of what is or isn't a livable level of income.