While media coverage of economic inequality seems to occur with less frequency than hurricanes blowing though New York City, today appears to be the anomaly. Several publications, including The Washington Post, The New York Times, and Politico have all run stories about the new, revealing study, “Executive Excess 2011,” by the folks at The Institute for Policy Studies, which shows that last year “25 CEOs took home more in pay than their company paid in 2010 federal income taxes.”
Hopefully, this is the beginning of more to come. (Media coverage of economic inequality. As opposed to instances of tax abuse. Of course.)
Nothing unites and divides Americans quite as effectively as the issue of taxes. We’re in agreement in not wanting to pay taxes. But completely divided as to who should have to pay.
Emerging non-profit upstart US Uncut has recently made waves picking a fight with one of the most egregious tax evaders out there: Bank of America. Why? Because, despite getting a handy dandy tax-payer-funded bank bailout, Bank of America has made a habit of not paying its taxes, and it looks like they are planning on doing the same for this April 15’s national un-holiday.
This Saturday (March 26), US Uncut is organizing a massive day of action. There are Bank of America franchises just about everywhere. So there’s a good chance there will be some good ol’ American protesting happening at a Bank of America branch near you.
Check it out, consider moving your money to another bank, and spread the word …