Double-standard for wealth in America?
Report: 'Educators' make up 12 percent of millionaire households
- Duration 8:51
- Date Mar 31, 2012
Report: 'Educators' make up 12 percent of millionaire households
Also in this playlist...
This transcript is automatically generated
-- -- selective outrage over who is making money in America a new report finding that educators make up 12% of the nation's millionaire households.
And take a look at this.
These won't -- educators ranked above some of the people the president lawmakers bash.
For being greedy for profits like corporate executives and business owners.
So is there a double standard on who we accept as rich in America.
I don't want to -- -- to -- and welcome to cash -- I cashed in a -- this week we've got Wayne Rogers Jonathan -- John Layfield and from the Fox Business Network ms.
Laurie -- meant.
Also joining of the Lincoln got democratic strategist -- was there's a lot all of you and I'm gonna start with -- why are lawmakers outraged only by certain people we -- rich in this -- Eight mystified me Cheryl in our culture demonize his businessman and every opportunity you know there there at exploiting a big rigs in the back -- the poor -- nefarious who -- educators are these tireless public servants that are somehow separate thing from any critic hit any criticism is that they're deserving of a what a blank check from from taxpayers.
I don't begrudge anyone's money provided that -- earned through voluntary trade but you can't compare an educator millionaire with -- businessman millionaire because.
Decatur millionaire because of the government a monopoly on education.
Gets rich for government for.
You know -- lake filled if you look at the breakdown of millionaires in this country you got 17% that are managers the next group belong and that is educators a 12% that -- big.
Surprise that they too many of our viewers is this unfair.
Yes it's unfair look we love the demonize gas like Donovan who were hedge fund managers because no one can defend our heads fund -- -- as well -- -- don't create a thing.
They're just reds for being red state.
We do this is going on in our country since the beginning of this country you have Hamilton and Jackson -- -- the record commission with FDR you had -- speculators being blamed or 1970s.
Anytime you have politicians they wanna get reelected they have a populist message and they go after people who have a lower approval rating in them that is beggars that is regulators and now it's Wall Street guys hedge fund managers this is nothing new -- an age old politics find somebody -- has a lower approval rating than me and go after him.
What -- want Somalia what I think is a surprising about all there isn't a new look back to the days.
With Occupy Wall Street -- we're going to executives' homes you know showing up at their doorsteps saying your evil now -- find out that it's teachers it's principles.
But also make -- huge bulk of it is -- -- -- huge welcome -- isn't here and.
-- -- -- -- Not only is this alone let them -- keiki and a little Marie -- -- But I think what I is also happening in what we're seeing here.
Is that there is a very broad definition of -- I looked it up and it includes college administrator it's some of the highest paid educators are basketball coaches.
So you can -- you can look that up when.
We did had to teach normally -- -- this is how we I don't know Malia while I did look it up a hastily -- -- -- operators here.
It is all delegate -- bigger responsibility.
That you guys are putting forward also has to do with the fact that at the end of the day people are mad.
And they are angry and -- -- -- at folks that ruined the economy and that we're very irresponsible.
With our money that happens to be bankers right now so it's not that all the ports W vilified as a -- Paid no we hate people and we are angry at people who don't.
Like to be responsible for the entire country would -- -- -- choose that and that is what is going on anything I did and I didn't get a he's really we I think why we are so outrageous otherwise eligible article are getting out on a bank rhetoric.
It's because of whites.
The city games in this -- very whether they are not is that every -- all the other lane and -- -- my -- are alienated let's look like you're autos.
Just like bankers -- The educators said they were very responsible -- -- money made Smart investment decisions which included a significant amount of rats he also.
Also that one of the highest paid -- with making 630000.
Dollars a year that is not a teacher.
If there are over yeah I had and a high out.
So that's right and I don't think a basketball -- Act.
That is here responsible that it's so irresponsible it's very that this that way I'm not sure why you guys aren't a fan of the.
I mean -- it's an otherwise look at some other voicing their Wayne Rogers wait -- if you look at this survey -- we spoke we spoke to the folks that did the survey and who they included it was teachers.
It was principals administrators yes but again.
-- isn't that why with family and I told you I'm an -- moved around now or eight.
Wayne Rogers now is this hypocrisy though is it unfair to him to be angry at bankers to not be angry at teachers administrators.
Well they did that whole thing is misdirected if you wanna say you're gonna lay that -- they give a recession at them at the base of the bank as well Patrick.
Elated at the base of congress -- who caused it.
This 57 members of the congress who and that topple one -- -- -- -- -- Congress has 250.
Million this isn't the people who are stealing the money that's not the bank does the latest possible for the bank as the -- -- It's one of congress to build -- -- than other people who have a clause of -- -- Why did you blame them.
-- -- -- -- -- -- -- -- -- -- -- -- -- Plug and hold a second John yeah I wanna -- -- year because wasn't it is they're Goodrich is their bad rich in this country.
-- Little -- good rich is riches and wealth that the chief -- voluntary trade providing value for value that's a business people do.
Educators who employs educators.
That mistake they have a monopoly the government has a monopoly over K through twelve education and we include.
Pell grant all the other interventions they've essentially monopoly over all education so in my mind educators wealth whether it's basketball coach of the principal under what else.
That's achieved through government force now we privatize education -- -- totally separate thing but because that's a method of government force it's me it's it's not legitimate at all.
It Wayne you know a lot of these groups are also union where oops I mean we have to mention that as well so a lot of their pay is guaranteed.
Well -- so just that an educated as an opportunity to go often make all kinds of money not just from the educational process they speak everywhere.
Paul Krugman for god sake who's a print -- about professor at Princeton right Slobodan in New York Times all the time.
Gonna periodically I think but he -- know there are people like that.
There are people like those who -- who could claim to be educated but have done all kinds of different things like serve on boards that they think you should -- the number of things that ancillary income that they make.
This is secondary to the educational part that's what makes them so -- I think -- would agree with you on that point right.
Yes I mean I think that that this is.
That this is so I'm I'm -- almost nervous at at the way you guys I don't know teacher supposed to then -- port and if they've -- what you're say.
There's so many angles on -- that hurt my soul as an American.
Mom and and I just I think that where you're you're treading in very dangerous territory.
And at the end of the day people on the -- It don't vilified the rich.
What we -- to do they don't want to make sure that when I go okay that clearly mohair and they don't care which I think don't then how come I saw you and you think and don't think they'll do not neighbor's lawns for a -- I I know it and seeing me we'll.
I was angered a lot parts of -- Second of all I can't I watch street is what angle and -- occupy watch street sad.
Is that there should be fair distribution that people should pay their fair share where there is saying is that it's wrong.
The make money does probably everything you'd want to make -- office slavery people aren't saying it's wrong well Millie Lou there certainly -- that -- yeah.
And I have -- -- This occurs it's like slavery means is that when you're suggesting.
What I'm -- -- event that I -- according -- who -- last aren't you Lance.
What I am suggesting is that -- -- new wants argument and to say that all money is earned equally is rock block all -- -- -- -- -- -- -- Not this is not let me do we have -- -- guard Mike -- fine oh yeah different.
Andy and I are okay well not a nuanced argument is is they silly and averted I don't know anything they want our guys -- and you know about it -- -- -- and it you're you're vilified bankers you're gonna talk to the show's over -- get that I have I would not only.
I -- -- -- it is yeah outside as are we gonna do right now are they -- -- everybody.