While most people are struggling with a tough economy, nine tycoons cleaned up last year.
Nine tycoons took home more than $2.6 billion, according to the Wall Street Joirnal.
“Nine founders of four of the world’s largest private-equity firms together collected the sum–more than twice as much as they made in the prior year–through dividends and other payments. The executives each took home more than $160 million…”
Nice work if you can get it.
Diane Ravitch's blog 
I bet they all want in the next big thing: public education.
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Nice work being an oligarch.
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Depressingly believable. What ever happened to the Occupy movement?
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Really Diane!
Who cares if these guys make even triple this amount next year.
I, in all seriousness, defend them and support them in making as much money as their hearts desire.
This is capitalism, and it’s the best system in the world.
The PROBLEM with these guys is that they are not being taxed at a 70% to 90% tax rate. The problem and evil here is that they are not paying this percentage in income taxes to.the government while the rest of us are paying a higher rate with our dwarfed incomes compared to their current rates. The problem is that the economics no longer trickle down due to sheer greed. The diabolical issue is that these cats are not contributing nearly enough to the commons and social infrastructure, the very elements without which they would not have, in part, attained such vast wealth.
They can earn all they want.
They need to pay far more in taxes . . . . . . . My students need more guided reading books to read, and the government commons should fund it.
Sorry Tea Partyers. . . .I ain’t going away on this one ever . . . . .
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Agreed!
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The top 1% makes half the nations wealth. That means they should be paying half the nations taxes. That’s not “punishing the wealthy”… It’s math.
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and this…“Did you know that during World War II, FDR actually proposed a cap on income that in today’s dollars would mean that no person could ever take home more than about $300,000? OK, that is a little low. (audience laughter) But wouldn’t it be great if there were Democrats out there like that now, who would say to billionaires, ‘Oh, you’re crying? We’ll give you something to cry about. You don’t want a minimum wage? How about we not only have a minimum wage, we have a maximum wage?’”
— Bill Maher
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Excellent!
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I’ve been researching Eli Broad and the Broad Foundation that is behind so much of the privatization movement. This is part of an essay I am writing:
It is telling that one of the first advisors hired by the Broad Foundation was a graduate of the Harvard Graduate School of Business Administration who majored in finance. In a 1999 LA Times interview this consultant “said he views his work as searching out venture capital opportunities in educational innovation.”
Venture capital? In public education? As we learned in the recent financial debacle, venture capitalists have only one goal — reaping maximum profit. When a “venture capitalist” gains its profits by liquidating a company and the jobs it provided, it is justifiably called a “vulture capitalist.”
Vulture Capitalists: welcome to LAUSD. Make obscene profits from a failed charter school; sell untested software for hundreds of millions of dollars; sell overpriced IPads to a district that is more concerned with statistics than learning; and put a fox in charge of the hen house to falsely represent to the taxpayers that the teachers are to blame for more than three decades of administrator incompetence.
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Reblogged this on onewomansjournal and commented:
Criminal….
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