Taxing the Top
In a world in which some people keep getting way more than they need, while others can hardly get by, Robin Hood starts to look better and better.
From the New York Times (6/23):
The Times doesn’t say whether or not these figures are inflation-adjusted. But even if they’re not: are you making 40% more than you were in 1998, even in nominal terms—as the analysis projects bankers will in 2009? We’re not.
The chart accompanies a piece on Citigroup raising employees’ salaries to make up for their smaller bonuses:
Read the article here.