Thursday, March 19, 2009

Conspiracy Proposal

I wouldn't put this past the Democrats. This AIG bonus fiasco sets the perfect stage for an ugly agenda put into motion. Work with me here. Retention bonuses paid out to financial institution employees represent a very common business practice in good times and bad. We know now that Congress knew of these bonuses and approved of them while designing the bail-out packages put into motion during 2008 and, most recently, the 2009 "porkulus." Knowing about the impending firestorm that would erupt, Congressional Democrats allowed this to happen so as to setup some legislative precedence. Never let some good old-fashioned class warfare go to waste.

Today, they passed a 90% tax on bonuses paid out to employees of these bailed-out financial institutions, and apparently its retroactive. Whose to say that they won't take this another step further down the road and tax high-end incomes at a 90% tax rate for the sake of the "public good." In other words, they would allow us to earn income up to a certain amount of money, then tax all incomes above that threshold at a 90% tax rate. You know what that's called?

Pandora's Box is now officially open for business. Wake up, America!

5 comments:

Stonemason said...

Holy Crap, I argued something close to this at work today...were you secretly taping the lunch room at the treatment plant?

Paul said...

Great minds think alike. I promise you that the two of us aren't the only ones who smell a fat rat in the kitchen.

labcat said...

every frichen day something new and something more coniving(?) than before...aaaaarrrr! i can't stand it. jeremiah johnson had the right idea even if robert redford's an idiot. and i swear that looks like david alan coe in the FOB pics.

Hammer said...

I bet you dollars to watermelons that companies that were considering taking stimulous money are thinking of having a bake sale instead.

lisakay said...

Sad but true.