What Is A Hedge Fund Manager?

       Did you hear about the top 25 hedge fund managers last year? What's that, you don't care? Well, did you know that each of these 25 men made more than all the kindergarten teachers in the country combined? That they made over $21 billion between themselves? You do know that the average income for each of these guys is more than you and your extended family will make in a lifetime, don't you? That is, unless you happen to be one of these guys.
       The good part is that they pay less in taxes than you do. And don't let anyone try to convince you that these guys are job creators. They're about as far from being job creators as the pizza delivery boy is. The only jobs they might create is their own personal maids and groundskeepers and chauffeurs. which doesn't amount to a whole lot of new positions.
       Ya know what they do? They get paid fees for suggesting what stocks or companies or commodities to buy or sell for their customer funds. Then for some unknown reason, they get to claim those fees are capital gains. The thing is, using that tangled route to taxation, the money you earn working 40 hours a week doing plumbing work could also be defined as capital gains. After all the money you earn is in fact capital, and since you gained that much capital on payday, it is therefore capital gains. The difference is that the gains in capital you had is taxed at somewhere near 35% while these guys pay somewhere near $15%.
       But look at it this way. If you earn $50,000 per year, it would take you 17 million years to equal what these guys earn in one year. For the good of the country, how important is it for these guys to earn this much money? What if we raised their taxes from 15% to 35%? What would that mean? It means their taxes would go from $3,750 billion to $7.365 billion. But that would still leave them with over $13 billion and a half to live on. Don't you think America could find a use for the additional $3.715 billion? Still, each would have about $10,500,000 per week to live on. I'll bet they could scrape by on that.
P.S. My brother-in-law suggests a better title for these folks would be Hedge-Hog.