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

Fox News host Greg Gutfeld joined Glenn on "The Glenn Beck Podcast" this week to talk about his new book, "The Plus: Self-Help for People Who Hate Self-Help."

Greg admits he is probably the last person who should write a self-help book. Nevertheless, he offers his offbeat advice on how to save America during what has become one of the most tumultuous times in history, as well as drinking while tweeting (spoiler: don't do it).

He also shares his "evolution" on President Donald Trump, his prediction for the election, and what it means to be an agnostic-atheist.

In this clip, Greg shares what he calls his "first great epiphany" on how dangerous cancel culture has become.

"I believe that cancel culture is the first successful work-around of the First Amendment," he said. "Because freedom of speech doesn't protect me from my career being ruined, my livelihood being destroyed, or me getting so depressed I commit suicide. Cancel culture is the first successful work-around of freedom of speech. It can oppress your speech with the scepter of destruction. We don't have freedom of speech anymore."

Watch the video clip below or find the full Glenn Beck Podcast with Greg Gutfeld here.

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Dr. Simone Gold joined Glenn Beck on the radio program Thursday to set the record straight about hydroxychloroquine -- what it is, how it works, and the real reason for all the current controversy surrounding a centuries-old medication.

Dr. Gold is a board certified emergency physician. She graduated from Chicago Medical School before attending Stanford University Law School. She completed her residency in emergency medicine at Stony Brook University Hospital in New York, and worked in Washington D.C. for the Surgeon General, as well for the chairman of the Committee on Labor and Human Resources. She works as an emergency physician on the front lines, whether or not there is a pandemic, and her clinical work serves all Americans from urban inner city to suburban and the Native American population. Her legal practice focuses on policy issues relating to law and medicine.

She is also the founder of America's frontline doctors, a group of doctors who have been under attack this week for speaking out about hydroxychloroquine during a news conference held outside the U.S. Supreme Court in Washington D.C.

On the program, Dr. Gold emphasized that the controversy over hydroxychloroquine is a "complete myth."

"Hydroxychloroquine is an analogue or a derivative of quinine, which is found in tree bark. It's the most noncontroversial of medications that there is," she explained.

"It's been around for centuries and it's been FDA-approved in the modern version, called hydroxychloroquine, for 65 years. In all of that time, [doctors] used it for breast-feeding women, pregnant women, elderly, children, and immune compromised. The typical use is for years or even decades because we give it mostly to RA, rheumatoid arthritis patients and lupus patients who need to be on it, essentially, all of their life. So, we have extensive experience with it ... it's one of the most commonly used medications throughout the world."

Dr. Gold told Glenn she was surprised when the media suddenly "vomited all over hydroxychloroquine", but initially chalked it up to the left's predictable hatred for anything President Donald Trump endorses. However, when the media gave the drug Remdesivir glowing reviews, despite disappointing clinical trial results, she decided to do some research.

"[Remdesivir] certainly wasn't a fabulous drug, but the media coverage was all about how fabulous it was. At that moment, I thought that was really weird. Because it's one thing to hate hydroxychloroquine because the president [endorsed] it. But it's another thing to give a free pass to another medicine that doesn't seem that great. I thought that was really weird, so I started looking into it. And let me tell you, what I discovered was absolutely shocking," she said.

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According to the mainstream media's COVID-19 narrative, the president is "ignoring" the crisis.

On tonight's "Glenn TV" special, Glenn Beck exposes the media's last four months of political theater that has helped shape America's confusion and fear over coronavirus. And now, with a new school year looming on the horizon, the ongoing hysteria has enormous ramifications for our children, but the media is working overtime to paint the Trump administration as anti-science Neanderthals who want to send children and teachers off to die by reopening schools.

Glenn fights back with the facts and interviews the medical doctor Big Tech fears the most. Dr. Simone Gold, founder of America's Frontline Doctors, stands up to the media's smear campaign and explains why she could no longer stay silent in her fight against coronavirus fear.

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It's high time to leave the partisan politics behind and focus on the facts about face masks and whether or not they really work against COVID-19.

On the radio program Tuesday, Glenn Beck spoke with Drs. Scott Jensen and George Rutherford about the scientific evidence that proves or disproves the effectiveness of mask wearing to stop the spread of the coronavirus. Then, Dr. Karyln Borysenko joined to break down where the massive political divide over masks came from in the first place.

"I think if we were to talk about this a couple months ago, I might have said, 'Well, there's the science of masks, and there's the emotions of masks.' But, unfortunately, there's something in between," Jensen said. "I would have thought that the science of masks would have to do with the physics of masks, so I did a video a couple months ago where I talked about the pore side of a cotton mask or a surgical mask."

He explained that properly worn masks can help reduce the spread of virus particles, but cautioned against a false-sense of security when wearing a mask because they are far from providing complete protection.

"If you have a triple-ply mask, the pore size will end up being effectively five microns. And five microns, to a COVID-19 virus particle, is 50 times larger. That's approximately the same differential between the two-inch separation between the wires of a chain-link fence, and a gnat," Jensen explained.

"But now what we're seeing is if we have some collision of COVID-19 viral particles with the latticework of any mask ... if you're breathing out or breathing in and the viral particles collide with the actual latticework of a mask, I think intuitively, yes, we can reduce the amount of virus particles that are going back and forth."

Dr. Rutherford said masks are essential tools for fighting COVID-19, as long as you wear them correctly. He laid out the three main reasons he believes we should all be wearing masks.

"So, we're trying to do three things," he said. "First of all, we're trying to protect the people around you, in case you are one of the 60% of people who have asymptomatic infection and don't know it. The second thing we're trying to do is to protect you. The third thing we're trying to do is, if you get infected, you'll get infected at a lower dose, and then you're less likely to develop symptoms. That's the threefer."

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