Why Are 25 Hedge Fund Managers Worth 658,000 Teachers?
source: http://www.huffingtonpost.com/les-leopold/why-are-25-hedge-fund-man_b_531420.html
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- neocongo
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In 2009, the worst economic year for working people since the Great Depression, the top 25 hedge fund managers walked off with an average of $1 billion each. With the money those 25 people "earned," we could have hired 658,000 entry level teachers. (They make about $38,000 a year, including benefits.) Those educators could have brought along over 13 million young people, assuming a class size of 20. That's some value.
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- groups:
- Community
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- tags:
- Teachers, Hedge funds, priorities, bad investments
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Incredulous
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it's amazing to me how quickly posts like this disappear on Current, while other crap hangs around seemingly forever
- 2 years ago
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Incredulous
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spanishinquistion [removed]
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Teachers are our most valuable resource, not greedy corp heads!
- 2 years ago
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spanishinquistion [removed]
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ampersand
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Good article; I'd missed that quote from Warren Buffet when he said he paid less tax than his secretary. Good on him for pointing out the absolute searing insanity of that lack of equity in our tax system and capital markets.
This brings us back to the Rethuglican meta-message for America:
"Get rich or die." - 2 years ago
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ampersand
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Saladin
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The really disgusting part about it is that they're note even industrialists, they're just money managers.
At least the Robber Barons of old ran steel mills and oil empires and -made- things. Today's Robber Baron bilks the system. gives the country the finger and puts nothing back in even on accident.
- 2 years ago
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Saladin
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artemis6
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Saladin:
So true vd+
- 2 years ago
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artemis6
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cadsuch
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hedge fund managers are worth more then teachers because lots of voters continue to vote against their own self interest. simple!
- 2 years ago
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cadsuch
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Denica_Cassandra
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The lie of the American standard of living fascinates me - look at how much poverty there is in our own country. Do we see starving American children on aid commercials? Why not? "Reality" television reflects the a very small portion of our real standard of living - The Hills( have eyes), Jersey Shore, RockofLoveNewYorkEtc, House Wives of Blah Blah, etc. I don't see any reflection of the reality people are truly forced to live with in America because of low wages. Why do we only see a skewed demographic on TV? I even saw an ad for one of the MTV dating shows (maybe Parental Control?) - they wanted a two parent household in San Fran with their own house in comfortable circumstances. So they have a mold to fill - and it isn't what most Americans go through.
I watched an episode of 30 Days with Morgan Spurlock about living with the Navajo on their rez (after learning more from listening to Lakota Elder Alex White Plume) - there is rampant poverty and little to no Running Water. The government still claims the water is not part of the deal? So why this false pretense of how Americans live? (A Media Reality) Many people who work still need aid from the government because of our great "standard of living." So we have these lazy executives aggregating wealth away from the general economy - and hard working educators struggling to pay rent. (Or losing their first home in the foreclosure crisis.) As much as a true-blue brainwashed American would love to blindly believe in capitalism - it really is obscene that some people eat from gold plates, while others starve. The burden of executive failure, thrown to the taxpayer while s/he is losing their job, (or starving with one) seems like lunacy to the poor but security to the rich.
"Having money isn't everything, but not having it is" ~ Kanye West ;)
"I am convinced that if we are to get on the right side of the world revolution, we as a nation must undergo a radical revolution of values. We must rapidly begin the shift from a "thing-oriented" society to a "person-oriented" society. When machines and computers, profit motives and property rights are considered more important than people, the giant triplets of racism, materialism, and militarism are incapable of being conquered." ~ Dr. Martin Luther King, Jr. (Beyond Vietnam)
- 2 years ago
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Denica_Cassandra
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navider
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Because Reagan began the underfunding of the public sector and infrastructure!
- 2 years ago
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navider
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dariusvons
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ha! I proposed a similar question to congressman Mike Simpson of Idaho, and like all good politicians he talked a whole lot without actually answering my question.
he wants to "bring the f-35 jet fighter to Idaho" to "provide more jobs".... my question was this. What is the price of ONE single jet, and how many jobs does a single jet provide (as in mantainance, piolots, taxi...) and how many teachers salaries could that bill pay?
searching the net I found a price tag on the f-35 to be $69,000,000.00 give or take a few options, lol, for the machine alone. so again, I ask, HOW MANY TEACHERS SALARIES COULD A SINGLE JET PAY?
- 2 years ago
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dariusvons
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artemis6
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Ask any parent , any kid . A good teacher is priceless . What messed up priorities ! Love over gold , life over money . What if the cultural mantra were every person counts , instead of every penny and greed is good ? These hedge fund guys are thieves .
- 2 years ago
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artemis6
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Chique
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Prosperity is the best protector of principle. - Mark Twain
- 2 years ago
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Chique
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kennymotown
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Capitalism at it's worst, a sign that it is in cancer stage 4! Nobody is worth a billion dollars.
- 2 years ago
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kennymotown
