California's Democratic Governor Jerry Brown repeatedly vetoed universal
healthcare after the state legislature voted it through; Democratic state majorities in NY, CT and NJ refused to enact legislation to close the "carried interest" tax loophole that makes billions for hedge-fund managers; Rhode Island Democrats went on a slashing spree, taking down pensions for teachers, firefighters and other public servants while the finance-affiliated state treasurer funneled the pension funds into her pals' underperforming hedge funds; Democrats in NJ gutted the tax bill to give millionaires an easy ride; New York Democrat Governor Andrew Cuomo shut down the state anti-corruption commission, only to have his top aide busted for being horrifically corrupt.
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Connecticut, home to the richest hedge-fund managers in America, is going broke, cutting services and gutting pension plans to try and fill its $1.8B budget hole -- a hole it plans on filling by taking away $1.5B from the state's workers. Read the rest
Growing wealth disparity has produced a new financial hyper-elite who make eight-figure donations to major universities, who hand that money back over to more finance titans in the form of special commissions that are taxed at a ridiculously low rate (making more zillionaire donors). Read the rest