erik lundegaard

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Thursday May 14, 2015

Your Go-To Stat In Case Any Asshole Complains About How Much Teachers Make

Here:

[Pres. Obama] pointed out that the top 25 hedge-fund managers made more money last year than all the kindergarten teachers in the country.

It's from Paul Ellie's New Yorker post, “The President and Poverty,” which misses an obvious cultural point. It's all about how important issues back in the day (early 1960s) were put into books, read by presidents, and things got done. Now they're put into books, read by presidents, and things don't get done. 

What happened? 

Elie finds fault here:

... because an obstinate Congress holds the President and the poor in equal contempt, rendering the world's most-powerful man something like an armchair public-policy analyst rather than a policy maker.

But I blame us, too. We're not, in Gore Vidal's phrase, a serious people. We don't follow the news (unless it's tragedy or gossip or both), we don't read serious books, we don't have serious conversations. We're children: We keep asking Hollywood to tell us the same story over and over again, and that story stars superheroes.

Oh, and those hedge-fund managers? They pay only 15 percent in taxes. Less than you, most likely. 

5/15 ADDENDUM: The Washington Post crunches the numbers on the stat. It's worse than I thought. What does it say about a country that the pay of 25 hedge-fund managers > the pay of 158,000 kindergarten teachers? And what does it say that the pay of teachers is a GOP/FOX News talking point? That we debate that rather than the pay of hedge-fund managers? And don't debate that those 25 hedge-fund managers pay less in taxes than those 158,000 kindergarten teachers? 

Posted at 01:04 PM on Thursday May 14, 2015 in category Politics