Labor Secretary-turned-college professor Robert Reichâs latest lectures on income inequality don't square with his $240,000 salary for teaching just one class, economists tell FoxNews.com. Reich, who served in the Clinton White House and is now a professor of public policy at the University of California at Berkeley, took on the topic of âWork and Worthâ in an Aug. 2 post on his blog. In it, he lamented that there is âlittle or no relationshipâ between what someone is paid and their actual worth to society, and he wrapped up his post by calling for student loans to be forgiven for graduates in fields like social work, nursing and teaching. "The moral crisis of our age has nothing to do with gay marriage or abortion; itâs insider trading, obscene CEO pay, wage theft from ordinary workers, Wall Streetâs continued gambling addiction, corporate payoffs to friendly politicians, and the billionaire takeover of our democracy," Reich wrote in a separate Facebook post. But a professor who earns a one-percenter's income for a relatively easy workload has a tough time complaining about how unfair the economy is, according to some critics. http://www.foxnews.com/us/2014/08/0...delivers-lecture-on-greed-while-earning-240g/
Whenever debt is forgiven, SOMEBODY has to take it in the shorts..... lender, taxpayer. And as most college loans are guaranteed by the government, it's the taxpayer. What's fair about that? F'n Lefties! All they know is take, take, take.
Ah, the ole' "Walmart rebuttal". You do like using this as a distraction. Walmart guy was not screaming about excess/unfair wages or compensation. Reich is (which, btw, his compensation is funded by the same excessive student tuitions he decries). It's called hypocrisy.
"Walmart guy was not screaming about excess/unfair wages or compensation." You sure? That company is very anti-union.
Maybe. What are the other professors/lecturers paid? What are the administrators paid? Reich didn't grow wealthy working for the government, so even though this appears to be excessive, I'd like to know a few more details before calling Shenanigans. This is, after all, FoxNews.