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

The Biden administration is now doing everything it can to censor what it has decided is COVID-19 "misinformation." But Glenn Beck isn't confident that the silencing of voices will stop there.

Yeonmi Park grew up in North Korea, where there is no freedom of speech, and she joined Glenn to warn that America must not let this freedom go.

"Whenever authoritarianism rises, the first thing they go after is freedom of speech," she said.

Watch the video clip below from "The Glenn Beck Podcast" or find the full episode with Yeonmi Park here:

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Most self-proclaimed Marxists know very little about Marxism. Some of them have all the buzzwords memorized. They talk about the exploits of labor. They talk about the slavery of capitalist society and the alienation caused by capital. They talk about the evils of power and domination.

But they don't actually believe what they say. Or else they wouldn't be such violent hypocrites. And we're not being dramatic when we say "violent."

For them, Marxism is a political tool that they use to degrade and annoy their political enemies.

They don't actually care about the working class.

Another important thing to remember about Marxists is that they talk about how they want to defend the working class, but they don't actually understand the working class. They definitely don't realize that the working class is composed mostly of so many of the people they hate. Because, here's the thing, they don't actually care about the working class. Or the middle class. They wouldn't have the slightest clue how to actually work, not the way we do. For them, work involves ranting about how work and labor are evil.

Ironically, if their communist utopia actually arrived, they would be the first ones against the wall. Because they have nothing to offer except dissent. They have no practical use and no real connection to reality.

Again ironically, they are the ultimate proof of the success of capitalism. The fact that they can freely call for its demise, in tweets that they send from their capitalistic iPhones, is proof that capitalism affords them tremendous luxuries.

Their specialty is complaining. They are fanatics of a religion that is endlessly cynical.

They sneer at Christianity for promising Heaven in exchange for good deeds on earth — which is a terrible description of Christianity, but it's what they actually believe — and at the same time they criticize Christianity for promising a utopia, they give their unconditional devotion to a religion that promises a utopia.

They are fanatics of a religion that is endlessly cynical.

They think capitalism has turned us into machines. Which is a bad interpretation of Marx's concept of the General Intellect, the idea that humans are the ones who create machines, so humans, not God, are the creators.

They think that the only way to achieve the perfect society is by radically changing and even destroying the current society. It's what they mean when they say things about the "status quo" and "hegemony" and the "established order." They believe that the system is broken and the way to fix it is to destroy, destroy, destroy.

Critical race theory actually takes it a step farther. It tells us that the racist system can never be changed. That racism is the original sin that white people can never overcome. Of course, critical race theorists suggest "alternative institutions," but these "alternative institutions" are basically the same as the ones we have now, only less effective and actually racist.

Marx's violent revolution never happened. Or at least it never succeeded. Marx's followers have had to take a different approach. And now, we are living through the Revolution of Constant Whining.

This post is part of a series on critical race theory. Read the full series here.

Americans are losing faith in our justice system and the idea that legal consequences are applied equally — even to powerful elites in office.

Rep. Devin Nunes (R-CA) joined Glenn Beck on the radio program to detail what he believes will come next with the Durham investigation, which hopefully will provide answers to the Obama FBI's alleged attempts to sabotage former President Donald Trump and his campaign years ago.

Rep. Nunes and Glenn assert that we know Trump did NOT collude with Russia, and that several members of the FBI possibly committed huge abuses of power. So, when will we see justice?

Watch the video clip below:


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The corporate media is doing everything it can to protect Dr. Anthony Fauci after Sen. Rand Paul (R-Ky.) roasted him for allegedly lying to Congress about funding gain-of-function research in Wuhan, China.

During an extremely heated exchange at a Senate hearing on Tuesday, Sen. Paul challenged Dr. Fauci — who, as the director of the National Institute of Allergies and Infectious Diseases, oversees research programs at the National Institute of Health — on whether the NIH funded dangerous gain-of-function research at the Wuhan Institute of Virology.

Dr. Fauci denied the claims, but as Sen. Paul knows, there are documents that prove Dr. Fauci's NIH was funding gain-of-function research in the Wuhan biolab before COVID-19 broke out in China.

On "The Glenn Beck Program," Glenn and Producer Stu Burguiere presented the proof, because Dr. Fauci's shifting defenses don't change the truth.

Watch the video clip below:

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