Just a little blurb about one of the “philanthropists” behind the privatization movement. Made his living from “working hard” trading at Enron (made his largest bonus just before they collapsed), and then his own hedge fund. This is what he would like to see:
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Arnold has funded various politically-oriented 501(c)4 organizations, including Engage Rhode Island.[34] Many of the these organizations advocate pension fund reform, encourage state and local governments to reduce benefits to workers and to invest assets in riskier investments such as hedge funds.[35] Some have criticized his efforts, saying that hedge fund managers, such as himself, collect generous sums in fees for managing the funds, while the workers are left with reduced pensions.[36][37][38]
Like I’ve said numerous times before, these anti-union “reformers” are NOT taxpayer advocates, nor are they advocating “for the children” when they push for their reforms. They are very wealthy, greedy capitalists who are looking for new ways to extract even more money from taxpayers and Joe Sixpack…as if our current income/wealth inequality problems (caused by many of these same people and the policies they’ve advocated for over the years) weren’t bad enough.
If you follow the money back through all of these “reform” organizations, you’ll see a very long list of people just like him…and Doug Manchester…and Eli Broad…and Bill Gates…
