Monday, March 16, 2009

100%

Resolved: There shall be a 100% tax on all bonuses, remunerations, inducements, extras, fees, and any other income not classified as "regular" (tax code here) on all employees of AIG for fiscal years through and including 2010.
Resolved: Regular incomes in excess of $50,233.00 shall be taxed at 50% in each of those years for any employee of any institution receiving TARP funds. This shall include all meals, airline flights, club memberships, cars or car services, homes, and any other indirect income received as part of an overall "compensation package" by any individual so employed.

The fucking end. Are you listening, Congress?

Are we really meant to believe that retention bonuses for the very same fucking idiots that crushed the global markets are absolutely required to keep these same "best and brightest" around long enough to fix what they hath wrought? Unbelievable.

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