The financial industry’s 2014 bonuses doubled the combined earnings of all Americans who work full-time at the federal minimum wage, shows a just-released Institute for Policy Studies report.
If redistribution is so terrible, why do our policy wonks pay so little attention to redistribution from poor to rich?
Call their bluff. Take the plunge. Go over the cliff. Let the government default on its bonds.
America has finally started talking about a financial transactions tax on Wall Street. But in the post- Citizens United era of unlimited corporate campaign spending, expect corporate dollars to trump the public good.
Wall Street’s power suits aren’t humming along, this December, with all the holiday jingles. Bankers, traders, and law firm partners are quite frankly feeling kind of foul. End-of-year Wall Street bonuses, experts predict, are going to be down from 2010 levels — by as much, on average, as 35 percent. Total 2011 pay for the […]