USuncutMN says: Tax the corporations! Tax the rich! Stop the cuts, fight for social justice for all. Standing in solidarity with and other Uncutters worldwide. FIGHT for a Foreclosure Moratorium! Foreclosure = homelessness. Resist the American Legislative Exchange Council, Grover Norquist and Citizen's United. #Austerity for the wheeler dealers, NOT the people.

We Are The 99% event

USuncutMN supports #occupyWallStreet, #occupyDC, the XL Pipeline resistance Yes, We, the People, are going to put democracy in all its forms up front and center. Open mic, diversity, nonviolent tactics .. Social media, economic democracy, repeal Citizen's United, single-payer healthcare, State Bank, Operation Feed the Homeless, anti-racism, homophobia, sexISM, war budgetting, lack of transparency, et al. Once we identify who we are and what we've lost, We can move forward.

Wednesday, March 30, 2011

16 page essay on hourly rates: Public Citizen

“Every fourteen minutes in 2009, hedge fund manager David Tepper made President Obama’s annual salary.”

That’s the opening line of “Hourly Rates: A Modest Essay about Extraordinary Paychecks,” the new 14-page essay by Bartlett Naylor, Public Citizen’s financial policy lobbyist. 

Tepper made $4 billion. If you’re curious how that kind of pay compares with the likes of Oprah Winfrey and Johnny Depp (or the GDP of Mongolia), you’ll want to read “Hourly Rates.”

Outrageous Wall Street pay is a problem that affects everyone.

The billion-dollar payouts are rewards for creating spikes in short-term gain — the types of gimmicks that caused the financial crisis.

In the coming weeks, we’ll need your help to fight for sensible regulations and laws to stop Wall Street from rewarding itself for weakening our economy. 

In the meantime, check out our blog to learn more about Wall Street pay. 

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