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Mon Dec 26, 2011, 11:50 AM

Do you think a laborer who makes $150,000 a year with overtime is being overpaid? [View all]

Anyone who thinks they are overpaid is falling for the scam.

Now these people are being overpaid:

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http://www.huffingtonpost.com/2010/04/09/the-5-best-paid-hedge-fun_n_532071.html#s79888&title=5_Steve_Cohen

The 5 Best-Paid Hedge Fund Managers (PHOTOS)

Huffington Post First Posted: 06/ 9/10 06:12 AM ET Updated: 05/25/11 05:05 PM ET

We heard a lot about CEO pay when Wall Street firms doled out their annual bonuses earlier this year. Of course, any bonus at all could be interpreted as excessive after the massive taxpayer-funded bailouts that rescued the big banks from failure. But Goldman Sachs CEO Lloyd Blankfein's $9 million 2009 bonus and JPMorgan CEO Jamie Dimon's $17 million bonus pale in comparison to the top hedge fund managers' paychecks.

According to a ranking by AR: Absolute Return+Alpha magazine, the top 25 best-paid hedge fund managers made $25.3 billion in 2009 -- over $1 billion each on average. (The lowest-paid on the list earned $350 million, but seven of them actually brought home more than a billion dollars.) And you've likely never heard of.the manager who made the most -- $4 billion -- this year.

Check out the top five:

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http://thinkprogress.org/economy/2011/12/09/385941/walmart-heirs-worth-30-percent-bottom/

The Walmart Heirs Have The Same Net Worth As The Bottom 30 Percent Of Americans

By Pat Garofalo on Dec 9, 2011 at 9:45 am

Income inequality in the U.S. is currently the highest its been since the 1920s, with the 400 richest Americans (who are all billionaires) having as much wealth as the bottom 50 percent of Americans combined. And as it turns out, just one wealthy family has managed to amass a fortune equal to that of the combined net worth of the bottom 30 percent of Americans the Waltons, heirs to the Walmart fortune, as Sylvia Allegretto, a labor economist at the Center on Wage and Employment Dynamics, found:

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Now right there is where we need to be looking at. Not the guy who works his ass off 12 hours a day, 7 days a week sweating his balls off in some factory to provide a decent life for themselves and their families making $150,000 a year and who deserves every penny of that while tyring to made a living in this economy with the current cost of living.

For a family with one spouse working and a couple of kids to raise that is about what it takes to make it now. Yes, one person should be able to provide a decent living for themselves and and their family without having the bill collectors biting at their ass constantly. That is the way it is supposed to be for all of us. Not just the ultra-wealthy.

Every worker should make good money and be able to live that kind of life. Workers in the $150,000 range are the people who are going to buy what we are making or use the services we are providing. Its not the hedge fund managers or Walton family who do that. They put it in the bank and look at it. They don't spend it like we do. The people like this who are making $150,000 a year are not our enemy. They are our middle class who keep everything going for all of us. It is the wealthy who want us to think the person making $150,000 is our enemy. They are not our enemy.

Anyone who tries to convince you otherwise is not your friend.

Don

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