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Thursday, March 19, 2009

Was a Matter of Time

House to Vote on Taxing AIG Bonus Bonanza - Presidential Politics Political News -

"Venting their outrage, lawmakers are preparing to slap heavy taxes on employee bonuses at insurance giant AIG and at other companies that have received large bailout packages from the government.

The House was scheduled to vote Thursday on a bill that would levy a 90 percent tax on bonuses paid to employees with family incomes above $250,000 at companies that have received at least $5 billion in government bailout money."

And if you think the Obama administration will stop at businesses that got government money ... or incomes of just $250,000 you better rethink your thought!

You thought it was bad when they signed that Stimul-ass bill w/o looking at it ... wait until people start allowing the knee-jerk reactions/over-corrections to go unchecked!

First they will break the rich, then they will have to lower those income levels - else they won't get the taxes needed - so that income levels are post-WW2 levels (that would be middle-income=20,000 ... upper-income=40,000) and the tax levels will be somewhere in the range of 40-60% of your income no matter the level.

Your incentive to succeed? None - you will actually do better on the government dole than you would if you got a job. Hey -- that's just like communist Russia during the USSR days ... hmmmmm.

I can't tell if Obama is another Caligula or Nero.

He seems to love the attention given to him like any of the Caesar's did --

ewwww. that just makes me even more uncomfortable with his reign

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