The top 25 hedge fund managers make more than all the kindergarten teachers in America COMBINED!

The top 25 hedge fund managers make more than all the kindergarten teachers in America COMBINED!

This is the new fancy argument coming from Hillary Clinton, Barack Obama, and every third person you see on any social network. And on the surface, a lot of people feel like this is a real injustice.

It is not an injustice. It makes sense. And I’m proud to live in a country where it can occur.

---First of all, the comparison is complete nonsense. The first giveaway is the use of the long existing tactic of false equivalency. It makes no sense whatsoever to compare the ELITE OF THE ELITE of the hedge fund industry with the AVERAGE kindergarten teacher.

If you really wanted to make an honest comparison, you might compare the average kindergarten teacher with the average hedge fund worker. Unfortunately, this creates the minor inconvenience of completely destroying your argument.

The average kindergarten teacher makes $53,480 per year (which happens to be higher than the median household income in this country. But, I digress.) The average hedge fund worker earns a little over $400,000 per year, slightly less than eight times the average kindergarten teacher. Yes, it’s still more—but it’s NOT 6,320 times as much like Hillary wants you to believe.

But, that understates how flawed the comparison is. A hedge fund worker is at the top of the food chain when it comes to investment banking. For as important and lovely as kindergarten teachers are, you wouldn’t necessarily name them as the top of the food chain when it comes to teachers earnings. The average full-time private college professor earns about $139,000 per year - or about 1/3rd what the average hedge funder earns.

However, a speech punctuated with “hedge fund workers earn about three times as much as equivalent workers in education” isn’t getting you the same amount of applause.

---But, no matter how you slice it, hedge fund workers earn more than teachers. It’s true, and it makes sense. If you desire to be extraordinarily wealthy and you choose the path of a kindergarten teacher – you are an idiot. You probably can’t pass your own class.

One gets into the world of hedge funds looking for the maximum financial reward offered by society. You become a teacher for a different kind of reward. Perhaps you love children. Perhaps you want to make a difference in your community. Perhaps you want schedule flexibility. Paired with an above average salary, that’s a pretty enticing package. But, it is not a package that wins you a yacht. There’s nothing wrong with that.

Studies show that teachers in general work about 12% less hours than other professionals per day, and that doesn’t factor in summer vacation. Hedge fund managers are known for working endless hours and making strangers of their families. (Yes, I know many teachers work very hard for lots of hours. And some hedge fund managers are lazy worthless a-holes. I get it. We’re talking averages here.)

---Do teachers provide more to our society than hedge fund managers? Well, the good ones do. Great teachers impact their students in incredibly meaningful ways. But, so do the crappy ones. Looking back at my life growing up in a middle class suburban world, there we’re definitely stand out teachers that were a positive influence in my life. There were a lot of awful ones, too.

Of course, the same is true for hedge fund managers. Think about this: all of the worst hedge fund managers combined don’t earn as much as one kindergarten teacher. That’s because the worst hedge fund managers earn zero. Nothing. If they invested in their own fund, they might even do worse than zero.

They have to deal with risk. As you introduce risk, you introduce a stronger reward. Working in the field of education provides stability. Investment banking provides higher risk and higher reward. I want to live in a country where that high end is possible. I don’t want to live somewhere where everyone makes the same amount of money. That’s been tried several times, and the results are a country as dull as their architecture. (And often, very bloody.)

Amazingly, the exact policies that could result in great teachers earning more and closing these gaps, such as pay for performance and more private control of education, are the policies the left and their union supporters oppose.

The bottom line? When someone says “the top 25 hedge fund managers make more than all the kindergarten teachers in America COMBINED!” respond appropriately: “Good. For. Them.”

 

Featured image, “kindergarten is fun” is copyright (c) 2008 woodleywonderworks and made available under a Attribution-Noncommercial-Generic2.0 license

Sen. Ted Cruz (R-Texas) joined the "Glenn Beck Radio Program" to explain how mail-in ballots are typically disqualified during recounts at a far higher rate than in-person, Election Day ballots, and why this is "good news" for President Donald Trump's legal battle over the election.

"One of the things that gives the greatest cause for optimism is, this election ... there's a pretty marked disparity in terms of how the votes were distributed. On Election Day, with in-person voting, Donald Trump won a significant majority of the votes cast on in-person voting on Election Day. Of mail-in voting, Joe Biden won a significant majority of the votes cast early on mail-in voting," Cruz explained.

"Now, here's the good news: If you look historically to recounts, if you look historically to election litigation, the votes cast in person on Election Day tend to stand. It's sort of hard to screw that up. Those votes are generally legal, and they're not set aside. Mail-in votes historically have a much higher rate of rejection … when they're examined, there are a whole series of legal requirements that vary state by state, but mail-in votes consistently have a higher rate of rejection, which suggests that as these votes begin being examined and subjected to scrutiny, that you're going to see Joe Biden's vote tallies go down. That's a good thing," he added. "The challenge is, for President Trump to prevail, he's got to run the table. He's got to win, not just in one state but in several states. That makes it a lot harder to prevail in the litigation. I hope that he does so, but it is a real challenge and we shouldn't try to convince ourselves otherwise."

Watch the video clip below to catch more of the conversation:

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Fox News senior meteorologist Janice Dean is perhaps even more disgusted with New York Gov. Andrew Cuomo (D) for his coronavirus response than BlazeTV's Stu Burguiere (read what Stu has to say on the subject here), and for a good reason.

She lost both of her in-laws to COVID-19 in New York's nursing homes after Gov. Cuomo's infamous nursing home mandate, which Cuomo has since had scrubbed from the state's website and blamed everyone from the New York Post to nursing care workers to (every leftist's favorite scapegoat) President Donald Trump.

Janice joined Glenn and Stu on the "Glenn Beck Radio Program" Tuesday to ask why mainstream media is not holding Gov. Cuomo — who recently published a book about his leadership during the COVID-19 pandemic — accountable?

"I'm vocal because I have not seen the mainstream media ask these questions or demand accountability of their leaders. [Cuomo] really has been ruling with an iron fist, and every time he does get asked a question, he blames everybody else except the person that signed that order," Janice said.

"In my mind, he's profiting off the over 30 thousand New Yorkers, including my in-laws, that died by publishing a book on 'leadership' of New York," she added. "His order has helped kill thousands of relatives of New York state. And this is not political, Glenn. This is not about Republican or Democrat. My in-laws were registered Democrats. This is not about politics. This is about accountability for something that went wrong, and it's because of your [Cuomo's] leadership that we're put into this situation."

Watch the video excerpt from the show below:

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As America grows divided and afraid to disagree with the Democrats' woke plan for America, Megyn Kelly is ready to fight back for the truth. For nearly two decades, she navigated the volatile and broken world of the media. But as America leans on independent voices more than ever, she's breaking new ground with "The Megyn Kelly Show."

She joined the latest Glenn Beck Podcast to break down what's coming next after the election: Black Lives Matter is mainstream, leftists are making lists of Trump supporters, and the Hunter Biden scandal is on the back burner.

Megyn and Glenn reminisce about their cable news days (including her infamous run-in with then-presidential candidate Donald Trump) and to look into the chaotic and shady world of journalism and the growing entitlement it's bred. For example, many conservatives have been shocked by how Fox News handled the election.

Megyn defended Fox News, saying she believes Fox News' mission "is a good one," but also didn't hold back on hosts like Neil Cavuto, who cut off a White House briefing to fact check it — something she never would have done, even while covering President Obama.

Megyn also shared this insightful takeaway from her time at NBC: "Jane Fonda was an ass."

Watch the full podcast here:

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Glenn Beck has had enough of exposing scandal after scandal, just to have everyone look the other way: Benghazi, Hillary Clinton's emails, Joe and Hunter Biden's dealings in Ukraine and China … the list goes on, but no consequences are paid. Now, the media have called the election for Joe Biden and insist no one can question it. But for many of the more than 71 million people who voted for President Trump, our search for the truth isn't over yet.

On his Wednesday night special this week, Glenn called out the left's long list of alleged corruption that has gone unchecked and stressed that Donald Trump's legal team must be allowed to go through the process of investigating the multiple allegations of election fraud to ensure our voting systems are fair.

"I don't know about you, but I'm tired. I am worn out. I am fed up!" Glenn said during his opening monologue. "I've had enough. I am tired of exposing corruption, doing our homework, even going overseas and having documents translated to make sure they're exactly right, [and] presenting the evidence ... except, once we expose it, nothing happens. Nobody goes to jail. Nobody pays for a damn thing any more!"

Watch the short video clip from the full show below:


Because the content of this show is sure to set off the Big Tech censors, the full episode is only be available on BlazeTV. The election and its aftermath are the most important stories in America, so we're offering our most timely discount ever: $30 off a one-year subscription to BlazeTV with code "GLENN."