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Online Exclusive Update #80 - Robin Hoodlums

Conspiracy of the Rich

The 8 New Rules of Money
by Robert Kiyosaki

Online Exclusive Update - #80 January 31, 2011

Robin Hoodlums
My poor dad believed strongly in the idea that the government should take care of people from cradle to grave. He loved the story of Robin Hood, a man who stole from the rich and gave to the poor. My rich dad believed we should take care of ourselves. He didnt want a government handout. He believed there were too many government workers, public servants who were Robin Hoodlums, only serving themselves and stealing from the people. As the ripples of this financial crisis spread, the number of public servants who are really Robin Hoodlums is revealed. Its now dawning on us, the taxpayers, how much our public servants have been Robin Hoodlums serving themselves. An article in The Week entitled The Pension Time Bomb states that the shortfall in government pensions is $3.4 trillionmore than double this years federal deficit. Seven states, including Illinois, Connecticut, and Louisiana, are expected to exhaust their pension fund by the end of this decade. More than half the states will be out of money by 2027. To make matters worse, government pensions take priority over keeping state governments running. This means that pensions are protected and must be paid. Even when a municipality declares bankruptcy, pensions are paid. This means pensioners get paid even if police, firefighters, and schoolteachers dont get paid. In other words, our retired public servants get paid even if the government goes bankrupt. This is not stealing from the richthis is stealing from the people theyre supposed to serve. This makes my blood boil and is a reason why I wrote Rich Dad Poor Dad in the first place. In a few years, the world will realize how greedy and self-serving so many public servants have been. Many arent there to serve the peopletheyre there to serve themselves. They sought out government jobs not to serve the people but for job security and life-long benefits. Now as our country is going broke, they still get paid. In Yonkers, New York, taxpayers were outraged to find out that police officers were able to retire in their forties and collect six-figure incomes. For example, former police officer Hugo Tassone retired at age 44 with a $101,333 pension. Edward A. Stolzenberg, a retired hospital administrator in Westchester, New York, collects $222,143 annually. These guys are Robin Hoodlums. They take more than they give. They steal from all of us. As a child, it angered me to hear teachers and public servants like my poor dad criticize the rich, calling them greedy. I always suspected that it was the public servants in government that were the greedy ones. Now, as this crisis reveals just how much our public servants have been feathering their own pockets, I realize my suspicions were true. The tragedy is that its the government workers cheating the system that continue to be protected by it. Since their retirements are protected, it means the taxpayers will continue to pay their feathered retirement nests for

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Conspiracy of the Rich - ReadTheBook

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life while receiving reduced government services. To make matters worse, now that these excesses are being revealed, it means new government workers will be paid even less, which means lower quality government workers in the future. Theres an old saying that goes, Thank God we dont receive all the government we pay for. It seems well be paying for government we didnt receive for years, at least until this current batch of public servants pass on to the big bureaucracy in the sky. For all supporters of COR, I suggest you learn to take care of yourself and not expect the government to take care of you. This is why in 1973, when I returned from Vietnam, I decided to listen to my rich dad and become an entrepreneur and not my poor dad who suggested I become a government employee like him. I know we need government employees. I know government workers perform many vital services. I just didnt want to be one of them. I didnt want to adopt the attitude of my poor dad, a man who believed the government should take care of him for life. I couldnt look at myself in the mirror knowing I was taking from the very people I was supposed to be serving. This is why Im an advocate of financial education and learning to take care of yourself so that you dont have to take from others. Thank you for supporting COR. Robert Kiyosaki
2011 Robert T. Kiyosaki. All rights reserved. No publication or use without the prior written permission.

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2011 Robert T. Kiyosaki. All rights reserved. No publication or use without the prior written permission of publisher, Hachette Book Group www.HachetteBookGroup.com

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