details from a coalition of progressive groups
Why reform Wall Street?
Because a handful of hedge fund managers make more money per year than all of the kindergarten teachers in America put together.
Because the five biggest banks are bigger now than they were before the financial collapse of 2008.
Because we pay sales taxes on everything we buy – from a gallon of gas to a bag of groceries – but Wall Street doesn’t pay a single penny in transaction taxes on hundreds of millions of dollars of financial products they buy and sell every day.
Because the richest 1% has captured 90% of all income growth since the recovery began. …
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