Wednesday, August 5, 2015

Inequality: Bill and Hillary Clintons' Speaking Fees Dwarf Average Worker Pay

Ahh, the champions of the middle class: the Clintons.

I feel sorry for them.  After all, last year Hillary Clinton said,  "We came out of the White House not only dead broke, but in debt." 

Dead broke.  

The travails of being public servants can sometimes just wear you down.  Even when you're the former First Family of the United States. 

Indeed, especially when the First Family also had been Co-Chief Executives of the United States, as in Bill's claim that America was getting "two for the price of  one" when he and Hillary were elected as a team of equals.

Millions of average Americans who cling to the hope of maintaining their middle class position, but suffer from continued economic uncertainty, might be sympathetic to Hillary's claim.

We find out, however, that inequality of income afflicts people in different ways.  In the case of the Clintons, inequality has a different dimension than what most Americans understand.   PB
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From Investors.com:

The AFL-CIO publishes an annual report called Executive PayWatch.

According to the most recent report, in 2014 the average pay for a CEO at a Standard & Poor's 500 company was $13.5 million.

At the same time, average take-home pay of nonsupervisory workers was $36,134.

So on average, per the AFL-CIO, CEO earnings were 373 times greater than worker income.

Anyone can email companies and the Securities and Exchange Commission through the AFL-CIO website to express their outrage at this presumed unfairness.

Meanwhile, Hillary Clinton's newly released tax returns show that she and Bill earned $139.1 million between 2007 and 2014, an average of $17.4 million per year.

In 2014, the power couple earned $20 million in speaker fees — 553 times that aforementioned average worker salary, 50% greater than the CEO ratio...
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Link: http://news.investors.com/ibd-editorials-on-the-right/080415-765021-big-pay-gap-between-clintons-speaking-fees-and-average-worker-income.htm?

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