Article • Dean Baker’s Beat the Press
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I’m not kidding. We have boys and girls on Wall Street making tens or even hundreds of millions of dollars at banks that enjoy taxpayer subsidies through “too big to fail” insurance. But Ezekiel Emanuel’s “share the wealth” NYT blogpost tells us how we can tap the Social Security and Medicare benefits of people who earned $70,000 a year during their working lifetime to make the poor better off.
It’s amazing how much effort the Washington gang goes through to nail workers who earned slightly more than the average, while doing its best to ignore the millionaires and the billionaires who have been the big winners in the economy over the last three decades.