I don't want to turn this into a political blog, but honestly right now this is most of what I'm thinking about. I saw this morning that a bill is planned to take back those bonuses through taxes and I think that's great - in fact, we ought to have a special "You Made This Mess Tax" that slams everyone involved - yeah, some people who are relatively innocent would get hurt, but when you swim with sharks, sometimes you get bitten.
I don't mean just tax them 100 percent on those bonuses - that's a given. I mean raise their rates on ALL income they made this year - every unearned penny of it!
I also see that they want AIG to pay us back. Huh? Wasn't that the plan all along?
I'll be preparing my taxes this weekend. I'll be thinking of those 96 AIG executives that each got million dollar handshakes as a reward for destroying my retirement investments. That will make an already unpleasant task even worse.
Tax 'em. Really they ought to be in jail, but at least make them suffer financially. I've lost 40% of my retirement finds because of them - I'll probably never be able to retire now.. so I want them to feel some pain! Don't tax those bonuses 100% - make it 120%!
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