Saturday, February 19, 2011

What's wrong with this picture?

If you watch the evening news you know that the Republican governors of Wisconsin, Ohio and New Jersey are trying to end union rights for teachers. The governor of New Jersey recently said, "I'm attacking the leadership of the union because they're greedy, and they're selfish and they're self-interested."

Teachers are greedy and selfish? Here's a quote from the Feb 17, 2011 post on the blog of Robert Reich, a PhD economist:

      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 [at just 28%], the revenues generated would
      pay the [annual] salaries and benefits of 300,000 teachers. Who is
      more valuable to our society – thirteen hedge-fund managers or
      5 million teachers? Let’s make the question even simpler. Who is
      more valuable: One hedge fund manager or one teacher?

...or one nurse?
          or one truck driver?
                    or one fireman?
                              or one farmer?
                                        or one librarian?...

Think about it.

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