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

There are new curriculum standards being implemented into schools throughout the nation for health classes that not only go far beyond what's appropriate for young children, but are entrenched in clear political biases, too. Under the standards, third-graders are taught about hormone blockers and endless gender identities, and topics get shockingly graphic for kids as young as 11. Some schools are even teaching their teachers and kids to ignore what parents have to say about these topics. And the worst part may be that many parents are completely unaware what their children are being taught.

Tina Descovich, co-founder of Moms for Liberty, joined "The Glenn Beck Program" to explain exactly what you can ask at your next school board meeting to ensure this "horrifying" curriculum isn't being taught in your kid's school.

Watch the video clip below:

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It should come as no surprise that a newsworthy story receives more media coverage when released on a Monday than a Friday. The reason is in part due to a large number of news-consuming Americans checking out for the week to focus on their weekend plans rather than the news.

On Monday's radio program, Glenn Beck shared information that President Joe Biden decided to release on Friday — when fewer people would notice — regarding the Climate Finance report. This report is marketed to Americans as "A Roadmap To Build a Climate-Resilient Economy." But Glenn believes the report to be Biden's Great Reset warning shot to banks.

In this clip, Glenn warned that if Americans don't stand together, in eight years we all indeed will own nothing. Watch the clip for the full story. Can't watch? Download the podcast here.



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On today's radio program, Glenn Beck was joined by Bill O'Reilly to discuss the top stories of the week.

For O'Reilly, the biggest story this week centered around someone mysteriously missing from mainstream media news reports today: Mark Zuckerberg. Specifically, O'Reilly said it's the 'scandalous' way the Facebook CEO spent nearly $420 million to influence the 2020 election — and did so successfully.

Watch the clip to hear the full conversation. Can't watch? Download the podcast here.

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On Thursday's radio program, Grace Smith and her father, Andy, joined Glenn Beck on the phone and provided a first-hand account of Grace's refusal to wear a mask at school.

Smith, 16, began a maskless protest after her school district in Laramie, Wyoming, decided to implement a mask mandate. As a result, Grace received three suspensions, was issued two $500-citations, and was eventually arrested.

"How long were you in jail?" Glenn asked.

Grace said was taken to jail but was never booked nor was she was placed in a jail cell.

Glenn commended Grace's father, Andy, for raising such a "great citizen" and asked if it was Grace's idea to protest. Andy said it was Grace's idea, explaining that they took the position of arguing on the grounds of civil rights rather than the efficacy of wearing a mask.

Grace has since withdrawn from public school and started a home school program. She also told Glenn that she will continue to fight the school district, legally.

You can donate to Grace's legal fund here.

To hear more from this conversation click here.

Disclaimer: The content of this clip does not provide medical advice. Please seek the advice of local health officials for any COVID-19 and/or COVID vaccine related questions & concerns.

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.