Don't forget those same "Captains of Industry", "Top Talent" who also make mistakes and royally f up the country. Yet, still receive HUGE bonuses. yeah, they make to much.
I also wouldn't say that teachers pay needs to be cut. I know MANY great teachers all of which have second jobs, etc. because they aren't making that much. They also have to spend a lot of their own money on supplies for their classroom.