OK, so the US taxpayers saved the egotistical bankers from complete ruin and have bounced back with much stronger personal results compared to the taxpayer retirement plans. What the taxpayers ignore though is that Wall Street provides an enormous benefit to society. And by society, they mean Wall Street society. Who else is there, really? Doesn’t the public know that it’s expensive sending kids to private schools? Houses in the Hamptons are still not a bargain either so rally ’round and help free the bankers from this obvious attempt at wealth redistribution. It took them years and hundreds of millions of dollars of lobbyist money to redistribute wealth to themselves and now they only want to enjoy life without hassle. Bloomberg:

More than 70 percent of Americans say big bonuses should be banned this year at Wall Street firms that took taxpayer bailouts, a Bloomberg National Poll shows. An additional one in six favors slapping a 50 percent tax on bonuses exceeding $400,000. Just 7 percent of U.S. adults say bonuses are an appropriate incentive reflecting Wall Street’s return to financial health. A large majority also want to tax Wall Street profits to reduce the federal budget deficit. A levy on financial services firms is the top choice among more than a dozen deficit-cutting options presented to respondents.