The University of California-Berkeley pays former Clinton Labor Secretary Robert Reich $240,000 a year to teach one class about the scourge of income inequality and attend Occupy Wall Street rallies. (He also makes up to $100,000 per speech.)
Reich, a millionaire, is very concerned about rich people who, unlike him, don’t really deserve their fortunes. "What someone is paid has little or no relationship to what their work is worth to society," he wrote in a recent blog post, without any apparent irony.
Wonder what Reich thinks about Paul Krugman, who draws a $225,000 annual salary from the (publicly funded) City University of New York, and doesn't even have to teach a single class?
He probably doesn't see anything wrong with it, because Reich is convinced that the real "moral crisis of our age" is being fueled by "corporate payoffs to friendly politicians." You know, kind of like Reich’s former boss and his wife, who have raised more than $1 billion over the past two decades from corporations and financial firms.