By Ilana Novick
Source: Read full article at Truthdig
JPMorgan Chase’s attempt at Twitter humor failed Monday morning.
What may have seemed like a lighthearted (and since-deleted) joke about its followers’ excessive spending habits was met with a stream of replies pointing out that perhaps a bank that received $12 billion in bailout money after the financial crisis, whose CEO’s salary is $31 million, and that has a history of mortgage fraud, should refrain from publicly lecturing its customers on their spending habits for coffee and lunch.
The reaction to the tweet is reflective of a political climate in which many Americans are concerned about economic inequality and particularly whether corporations are paying their fair share in taxes. Amazon paid no federal taxes in 2018. Neither did Delta Air Lines, Chevron or General Motors. Meanwhile, Amazon CEO Jeff Bezos’s net worth is $150 billion.
That’s a far cry from the $18,000-a-year salary of Colin Roberson of Akron, Ohio. Roberson, who cleans carpets for a living, compared his financial situation to Bezos’s, telling Stephanie Saul and Patricia Cohen of The New York Times that “[Bezos] could be taxed at 99.9 percent and still have millions left…