Further congratulations to the folks at the Institute for Policy Studies, whose “Executive Excess 2011” report continues to make waves in the media. Thanks in part, no doubt, to the recent hoopla around the “Warren Buffett Rule,” proposing higher taxes on millionaires and billionaires. (“The horror.”)
As they note at the end of the video above, without effective media coverage, “this type of critical analysis would not be possible.”
And the analysis, theirs and others, of economic inequality is needed more than ever these days.
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.)