Highest Earning Hedge Fund Manager Made $2.2 Billion in 2012

[erpowers]

Today, there was a television news report on the earnings of hedge fund managers. The report detailed the Forbes list that details the earnings of the top 40 highest earning hedge fund managers. In Feburary the Forbes website published a story and listed the top 40 highest earning hedge fund managers. The highest earner made $2.2 billion and the lowest earner made $90 million.

http://www.forbes.com/lists/2013/hedge-fund-managers-13_land.html

[sadbear]

1. Can we really call what they do "earning"?

[quinnox]

2. I'm sure he was worth every penny

[Scuba]

3. Gamble with other people's money. Take a cut when you win, let them eat your losses.

Everyone should be a hedge fund manager. Look at how 'productive' that would make us!!


That's just over $1,057,000 per hour (based on a 2080-hour work year). Nice work if you can get it.

[Cal Carpenter]

4. This is more than allotted in ACA for insurance exchanges

This ONE guy 'earned' more in one year than the federal government originally allotted for setting up the insurances exchanges in each state.

http://www.democraticunderground.com/1014450054

THIS ONE MAN made that much money in ONE YEAR.

This is indicative of how fucked up our system is.

Yet people still talk like we all have opportunity. Like we all have a chance.

We aren't even getting crumbs while our system rewards people like this guy. This one guy who makes more money in a year than an entire small town needs in a generation.

Fuck that shit. His wealth is stolen from the labor of others. It comes from playing with other people's livelihoods.

It is long past time to take it back. And if we think the changes we need at this point, with this level of inequality, can come from this existing system, they are dreaming. The system we have now isn't broken - it is operating perfectly. We just need to get past the illusion that it works for you and me.

[LonePirate]

5. And these thieves pay capital gains tax rates and not regular income tax rates on their earnings

The carried interest rule that permits this is one of the biggest tax frauds imaginable.

[reteachinwi]

6. Are these the people who called me a greedy thug?

[bullwinkle428]

7. Well, he works 2.2 billion times harder than the average Wal-Mart employee.