Jamie Dimon Agrees With Occupy Wall Street: 'Too Much Inequality'
In a speech, JPMorgan Chase CEO Jamie Dimon said the U.S. has "too much inequality" -- a striking sentiment coming from Wall Street's leading defender of financial elites.
In a speech, JPMorgan Chase CEO Jamie Dimon said the U.S. has "too much inequality" -- a striking sentiment coming from Wall Street's leading defender of financial elites.
Occupy Wall Street celebrates its first birthday today, but the movement's failure to articulate a program has allowed the traditional political parties to dominate the debate over inequality -- which, research shows, is a question Americans are very open to considering.
True, 47% of Americans pay no federal income tax. But, as a recent study points out, when all the other taxes we pay are factored in, the poor often pay a far greater percentage of their income in taxes than the rich.
During the depths of the recession in 2009, as millions of Americans lost their jobs, homes and life savings, the highest-paid earners in the United States saw their average incomes increase from $91.8 million in 2008 to a mind-boggling $518.8 million. That's $10 million per week.




