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Worth noting. The comments, which include a back-and-forth about “the baseline frequency and size of protests,” suggest that we have yet to fully appreciate the importance of official underestimates of protest size. They also include this gem: The majority of the people at the event, besides being middle class, had never been at any kind [...]

Felix Salmon states the obvious: Chuck Schumer wants to tax “virtually all” of the bonuses being paid to AIG employees. The surtax being proposed by Gary Peters is 60%; presumably that comes on top of the regular federal income tax. But why stop there? If you set the surtax at, say, 150% of all bonus [...]