"I mentioned a few days ago that Wall Street's 2013 bonus pool, handed out a few months ago, was so big it could have doubled the wage of every minimum-wage worker in America
-- and that the pool was itself the result of a hidden subsidy from taxpayers to Wall Street.
Below I've listed the incomes of the Street's top hedge-fund managers (the data are from 2010, the most complete available), on an hourly basis. Remember they get a $12 billion-per-year taxpayer subsidy in the form of the "carried-interest" loophole that allows them to treat this income as capital gains rather than ordinary income. When you hear that minimum-wage workers, now receiving $7.25 an hour, aren't "worth" any more than that, keep all this in mind."
~ +Robert Reich