How to Afford 300,000 Teachers

$5 billion in takehome:

Last year, America’s top thirteen hedge-fund managers earned an average of $1 billion each. One of them took home $5 billion. Much of their income is taxed as capital gains – at 15 percent – due to a tax loophole that Republican members of Congress have steadfastly guarded. If the earnings of those thirteen hedge-fund managers were taxed as ordinary income, the revenues generated would pay the salaries and benefits of 300,000 teachers. Who is more valuable to our society – thirteen hedge-fund managers or 300,000 teachers?

LA Progressive.

Published by <span class='p-author h-card'>Andy</span>

Gay Hoosier Taurus INFJ ex-playwright pianist gymbunny published author in San Francisco.