Time for tighter regulation and proper taxation

This snippet caught my eye when reading an article in the New York Times this evening:

Since 1913, the United States witnessed only one other year of such unequal wealth distribution — 1928, the year before the stock market crashed, according to Jared Bernstein, a senior fellow at the Economic Policy Institute in Washington. Such inequality is likely to impede an economic recovery, he said.

It is high time we not only increase regulation of hedge funds and how they are managed but also that we raise the 15% tax these folks pay on the money they earn - many are making billions a year. BILLIONS - to the standard tax rate that the rest of us are paying, which is somewhere around 28% depending on income.