Reply #196: Follow this and jump aboard [View All]

[sulphurdunn]

The wealthiest 13 hedge fund managers in America averaged about $3 billion each in income last year, a third again as much individually as the $2 billion that will be saved by freezing the salaries of all 2 million civilian federal employees. The median income for federal employees is about $50,000 a year. The individual $3 billion hedge fund income was taxed at 15%. The salaries of the 2 million federal workers are taxed at an average of 25%. Wall Street is expected to issue about $9 billion in bonuses this year, averaging about $1 million each. These bonuses are secured by federal bailout promises and will be taxed at 35% above $373,000. It is also ironic that you commit the band wagon fallacy when depreciating what others have to say after committing your own ad hominem attack against Paul Krugman. Please get real.