Hillary Clinton: Top hedge fund managers make more than all kindergarten teachers combined [View all]

[ismnotwasm]

I found this interesting since I keep hearing about Hillary and her "corporate masters". In fact if I hear that more more time-- and I will -- I expect a strong bout of nausea. Anyway politifact came up with this little assessment of her comparison statement. This is a woman who cares very much for people, and the comparison is an apt one.

Our ruling

Clinton said, "The top-25 hedge fund managers (are) making more than all of America's kindergarten teachers combined."

Bureau of Labor Statistics data shows that America’s 158,000 kindergarten teachers together make $8.5 billion a year.

There are a few possible problems with the data for hedge fund managers’ earnings, but there’s no denying it’s significantly higher than a kindergarten teacher’s compensation. A rough estimate for the top-25 hedge fund managers shows they collectively earned $11.62 billion in 2014, and that was a bad year. In 2013, they earned approximately $21.15 billion. So using the smaller number, kindergarten teachers come up shy of hedge fund managers by about $3 billion, a huge margin.

We rate Clinton’s claim True.

http://www.politifact.com/truth-o-meter/statements/2015/jun/15/hillary-clinton/hillary-clinton-top-hedge-fund-managers-make-more-/