Millionaires, Billionaires, and Teachers
Randall Hoven at American Thinker: So in round numbers, let’s say a $1 million investment nest egg is equal to an annual income of $40,000. Suddenly, $1 million doesn’t seem so rich. That relationship can be turned around: if you have an annual pension of $40,000, you are effectively a millionaire, especially if that pension is adjusted for cost of living. Now let’s look at public school teachers. In Illinois, where I live, the Illinois State Board of Education puts out a report on teachers’ salaries . . .