Opinion: Hedge fund managers’ pay slashed to $211,538 an hour

People that have $$ have it for a reason. If they took it all away from the haves and gave it to the have nots the haves would have it all back in a fairly short time period.
 
That's entirely dependent on your point of perception. I post items that I believe are of interest to a trading community, granted many are written by idiots and fools, who once they discovered keyboards, fancied themselves journalist of worthy stature.
 
Actually they didn't earn wages or "pay" averaging $211,00 per hour. The methodology is completely flawed as it includes gains made on their own investments. If we measured Warren Buffett's "pay" not as his meager, often quoted salary, but rather as the 2014 gain he made on his investments, he would have made around 18B in "wages" in 2014. God only knows how much such "pay" Bill gates or the other mega tycoons made in 2014, but it dwarfs the hedge fund managers given the size of his fortune.
 
Cliff Asness makes a the point much more thoroughly:

http://www.valuewalk.com/2015/05/top-hedge-fund-earners-2014/

MrN said:
Actually they didn't earn wages or "pay" averaging $211,00 per hour. The methodology is completely flawed as it includes gains made on their own investments. If we measured Warren Buffett's "pay" not as his meager, often quoted salary, but rather as the 2014 gain he made on his investments, he would have made around 18B in "wages" in 2014. God only knows how much such "pay" Bill gates or the other mega tycoons made in 2014, but it dwarfs the hedge fund managers given the size of his fortune.
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