Over the last year, we’ve heard Bernie Sanders, Hillary Clinton, Obama and other Democrats talk about the issue of income inequality.
Some of our nation’s biggest universities like UC Berkeley have embraced this concept and are even teaching about it. Would you believe so-called experts on the subject are getting rich by teaching about it?
The College Fix reports:
UC Berkeley ‘income inequality’ experts earn more than $300,000 a year
Several UC Berkeley economics professors who support “income inequality” research each earn more than $300,000 a year, putting them in the top 2 percent of the public university’s salary distribution, according to a recent report by a nonpartisan California think tank.
The report pointed out that the prominent scholars leading or advising the Cal Berkeley Center for Equitable Growth are richly compensated as professors, even as the center seeks to research ways to create economic growth that is “fairly shared,” the center’s website states.
But the California Policy Center report, using 2014 data from the state’s public records, found Cal’s equitable growth center’s director, economics Professor Emmanuel Saez, earned an annual salary of just under $350,000.
The center’s three advisory board members – all economics professors – made similar amounts: Professor David Card made $336,367 in 2014; Professor Gerard Roland took in $304,608; and Professor Alan Auerbach earned $291,782. That’s not even including their pensions — equal to 2.5 percent times their final average salary times the number of years employed.
This is just so typical.
You have to pay more in taxes because other people have less money than you.
The people pushing this concept are getting rich.