Closing a tax loophole on just the 25 top hedge fund managers would pull in twice the revenue as freezing the wages of 2 million federal employees. Apparently the new math of "equality of sacrifice" means that 25 people equals 2 million.
While the Wall Street economy is booming, the real economy is in a dead stall. Only 36,000 jobs were created in January 2011. A roundup of recent headlines shines a light on how big banks like JPMorgan Chase make their big bucks.
I served with Rep. Ryan on the 18 member Commission on Fiscal Responsibility and Reform, and learned firsthand from the personally congenial Ryan just how dark his vision of America's future is for all but the super-rich.
Mainstream economists claim that your income reflects the economic value you produce -- at least in free and open markets. So why do people in the financial sector make so much more money than the rest of us?
People interviewed in Inside Job claim that finance professionals deserve their money. But can someone rationally argue that someone earning $30 million/year works 1,000 times harder than someone earning $30,000/year?