Wednesday, February 18, 2009

Subsidized job training for former investment bankers

Common sense and, apparently, the idea that it is good to redistribute down rather than up the income scale, are truly out the window, at least for the duration of the recession. The NYT reports that NYC is spending money on retraining programs for former investment bankers. News flash to Mayor Bloomberg: they can afford to pay for community college with their severance checks and their assets.

Just take those tax dollars and flush!

Hat tip: Ken Troske