Bill Gates: Wall Street Makes Too Much Money

Bill Gates spoke at New York’s 92nd Street “Y” this week.

Among the points he made:

  • Wall Street pay is often too high
  • But this is a really tough problem to solve
  • Government meddling usually makes it worse
  • The government’s 1990s decision to limit tax deductions on salaries of more than $1 million a year created the biggest increase in compensation in history
  • AIG shows just how disastrous government involvement can be

Bloomberg has video excerpts.

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