"The top 25 hedge fund managers made more than all the kindergarten teachers in the country," declared President Obama in a discussion of poverty at Georgetown University. Calling them “society’s lottery winners,” he proposed to hike their taxes. Predictably, battle lines have been formed between two polarized sides. One side is unhappy with the pay disparity. The other is quick to defend the status quo. Rather than arguing about whether hedge fund managers or teachers should make more, we should condemn this unfair system.
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