'Astounding paychecks' Scrutinized by 'World News'
ABC â€śWorld News with Charles Gibsonâ€ť fanned flames of class warfare with a story about the high incomes of hedge fund managers, leaving out how much these individuals must be paying in taxes or how much profit they had made for their investors.
â€śSome of them made a lot, I mean really a lot,â€ť said anchor Charles Gibson before John Berman began his April 24 report.
â€śHedge fund managers make huge bets on stocks and commodities,â€ť explained Berman before quoting a business school professor who said taking on such high risks â€śdeserve[s] high returns.â€ť
For comparison, Berman said $14 billion is â€śenough to pay
But certainly these hedge fund managers are helping employ quite a few teachers with their tax payments, though viewers didnâ€™t hear how many because ABC didnâ€™t ask.
Instead ABC focused on the impossibility of trying to spend more than a billion dollars by interviewing a personal shopper about the price of sheets and a grocery store manager who said everything in the store would only cost about $2.6 million.
â€śIt turns out a billion dollars is hard to spend,â€ť concluded Berman.
â€śIt does boggle doesnâ€™t it,â€ť said Gibson ending the segment.
It is worth noting that left-wing political activist and donor George Soros ranked number four on the list at $950 million a year.