Bankers Join Billionaires to Debunk ‘Imbecile’ Attack on Top 1% (Bloomberg)

The nation’s 1 percent is speaking out about taxation and job creation — and there are some very mixed views. Many shared their disdain for Section 953(b) of the Dodd-Frank Act, which requires public companies to disclose the ratio between the compensation of their CEOs and employee medians. Others, most famously Warren Buffett, support greater regulation and a higher tax on the wealthy. No matter what side you’re on, it’s hard to ignore the fact that the gap between rich and poor is growing: While average household income increased 62 percent from 1979 through 2007, the top 1 percent’s more than tripled, an October Congressional Budget Office report showed.