Unacceptable that top 25 Hedge Fund Managers make more than all kindergarten teachers combined.

[TalkingDog]

[Gwhittey]

1. Oh gee another Sanders thing she is now supporting

[astrophuss42]

2. Wonder if one of those hedge fund managers

Is her son in law?

[GeorgiaPeanuts]

4. Chelsea Clinton's husband is hedge fund manager? nt

[astrophuss42]

5. Yes

http://www.bustle.com/articles/131322-who-is-marc-mezvinsky-chelsea-clintons-husband-comes-from-another-much-less-famous-political-family

Worked for Goldman Sachs for 8 years then opened his own firm.

[BernieforPres2016]

22. Goldman CEO Blankfein are investors in Chelsea's husband's hedge fund

Just because he's one of the best I'm sure.

Chelsea's husband getting that 15% tax rate on "carried interest" probably helps them make the roughly $50,000 per month payments on their $10.5 million Manhattan apartment.

Does Hillary think we don't know this stuff when she yaps about hedge funds like she's going to do something about them, other than potentially doing more favors for them?

[Recursion]

3. Just curious why that's not acceptable

What's the principle that violates?

[CentralCoaster]

7. Answer: the principle that a person should have value to society.

And that rewards for service to humanity ought not be so overshadowed by rewards for greed in an industry that provides nothing of value to others.

That this needs to be explained to a fellow progressive is troubling.

Apologies if you were being sarcastic.

[Recursion]

8. Not being sarcastic, but I don't see how that's a principle

Child care and elder care is the most socially valuable service people can provide, but it's universally reimbursed at the minimum wage.

[TalkingDog]

11. Good answer.

What is the socially valuable service in people who manage hedge funds and where does it rank in terms of social value compared to caring for children and elders?

And how does that square with the compensation each receives?

[Armstead]

12. And that is WRONG -- It's not a complicated principle to understand

Not everything in life is complex policies, regulations and formulas.

There are things that are morally and ethically wrong that we should not condone or encourage as a society.

Part of politics is simply expressing decent values and principles, and giving a public voice to that.

[bettyellen]

20. Hillary is behind getting fairer pay and SS for care givers- women contribute much to the economy

without being reimbursed and I am glad someone is finally talking about it.

[cosmicone]

10. So .. if the Hedge Fund managers predict correctly and profit

that is not ok.

Would you be willing to subsidize them if they predict wrongly and lose more than all the KG teachers combined?

[TalkingDog]

13. Clinton is the person who says it is unacceptable. You should ask her about that.

Since you are voting for her, you should be familiar with her platform.

[Armstead]

14. We have financialized the economy, while devaluing actual work

Nobody says that if someone makes a good call they should not be rewarded.

But we have shifted the source of wealth and economic activity from actual productive work to financial shenanigans. And we have allowed far to much to go into the pockets of far too few for creating creative and elaborate con jobs.

Meanwhile those outside the charmed inner circle get screwed by the pressures that result -- including demand for short term profit, mergers and acquisitions that are just "growth for growth sake,"...............and the burden of debt that corporations take on to pay those con artists in fancy suits.

[cosmicone]

16. Capital formation is a necessary evil

A lot of new ideas will never come to market without billions invested by the finance industry.

When ordinary people buy shares in these companies, directly or via 401-Ks, they benefit from the growth as well. It is the closes we come to socialism. Bad ideas generally don't get funded but good ideas do (to each according to need) and people invest in the good ideas that are presented based upon their financial status (from each according to their ability.)

Yes, the people who put it all together make a lot of money but it is also a special skillset that anyone can acquire.

[Armstead]

18. It's not about legitimate investment -- It's about skeezy deals for the sake of deals

We have made the economy a massive pyramid scheme. If I get time I will find several articles that explain it far better than I.

There is also a difference between reasonable rewards and the obscene fucking wealth the Vulture Class is amassing by ravaging the legitimate economy compared to people who actually contribute to society.

How many goddamn mansions does any one person need?....And the vulture class drives up the cost of living through gentrification as a side benefit.

[TalkingDog]

9. I guess it depends on your priorities. Eriching Children vs. Enriching the (already) Wealthy.

Done properly one has the potential to affect every person on the planet and the other a select few.

If you truly don't understand, you should do some research on the negative impacts of income inequality to a democracy.

[ladjf]

6. That's it Hillary. Take on those mean old hedge fund managers. nt

[lostnfound]

15. Tell them to cut it out!! Nt

[Jitter65]

17. The money envy is becoming tiresome. nt

[TalkingDog]

19. This answer is Marie Antoinette approved!

[Avalux]

21. Is Hillary's son-in-law one of them?

Just wondering. She really does have close ties to Wall Street. And oh yeah - Chelsea doesn't care about money.