In 1970, the typical CEO of a big corporation got paid 40 times what the average worker earned.
In 1990, the typical CEO of a big corporation got paid 100 times what the average worker earned.
In 2010, the typical CEO of a big corporation gets paid 350 times what the average worker earns.
Last year, when more than 15 million Americans were out of work, and most others got no raise, the top 25 hedge fund managers got paid an average of $1 billion each.
$1 billion would pay the salaries of 20,000 school teachers.
For those mathematically challenged, that’s 25 hedge fund managers or 500,000 teachers. Half a million teachers, or 25 guys making the rich richer. (I might add also chin deep in the economic meltdown.)
Now keep in mind that the party of NO wants to extend tax cuts permanently to those CEOS and hedge fund managers, plus eliminate the estate tax for them. (You’ll probably never make more than $250,000 a year and your heirs will never be worried about the estate tax as you’ll have very little to pass on to them.
These same gNOpers think teachers make too much money, don’t deserve pensions, you don’t deserve health care or tax cuts and that free market, trickle down, privatizing and outsourcing are the way to go. In other words, what they’ve been doing the last 40 years only more of it.
Do yourself a favor and stop voting against your own self interests. You’ll never be as rich as these guys.