US Lawmakers vote in 90% Tax levy on bonuses
Discussion
http://news.bbc.co.uk/1/hi/business/7953869.stm
Firms bailed out by taxpayers who pay out bonuses will have them taxed at 90%, after a vote in the Senate.
Good stuff, although the bonuses are probably for low level workers who have feck all to do with the strategic failures that have put us in this position in the first place. Still, it's a start.
How about a 90% tax on pensions for retired bankers?
Firms bailed out by taxpayers who pay out bonuses will have them taxed at 90%, after a vote in the Senate.
Good stuff, although the bonuses are probably for low level workers who have feck all to do with the strategic failures that have put us in this position in the first place. Still, it's a start.
How about a 90% tax on pensions for retired bankers?
Fittster said:
Companies should be able to pay their employees however much they please. They should be able to go broke too.
That’s how capitalism is supposed to work.
AFIK the US government is the major shareholder in these companies now isnt it? Shouldnt it be down to them who gets paid what.That’s how capitalism is supposed to work.
Prehaps they should take some of these $trillions and pay someone with a decent legal and financial mind to sort it all out...
RobDickinson said:
Fittster said:
Companies should be able to pay their employees however much they please. They should be able to go broke too.
That’s how capitalism is supposed to work.
AFIK the US government is the major shareholder in these companies now isnt it? Shouldnt it be down to them who gets paid what.That’s how capitalism is supposed to work.
Prehaps they should take some of these $trillions and pay someone with a decent legal and financial mind to sort it all out...
Fittster said:
RobDickinson said:
Fittster said:
Companies should be able to pay their employees however much they please. They should be able to go broke too.
That’s how capitalism is supposed to work.
AFIK the US government is the major shareholder in these companies now isnt it? Shouldnt it be down to them who gets paid what.That’s how capitalism is supposed to work.
Prehaps they should take some of these $trillions and pay someone with a decent legal and financial mind to sort it all out...
RobDickinson said:
Fittster said:
RobDickinson said:
Fittster said:
Companies should be able to pay their employees however much they please. They should be able to go broke too.
That’s how capitalism is supposed to work.
AFIK the US government is the major shareholder in these companies now isnt it? Shouldnt it be down to them who gets paid what.That’s how capitalism is supposed to work.
Prehaps they should take some of these $trillions and pay someone with a decent legal and financial mind to sort it all out...
Fittster said:
RobDickinson said:
Fittster said:
RobDickinson said:
Fittster said:
Companies should be able to pay their employees however much they please. They should be able to go broke too.
That’s how capitalism is supposed to work.
AFIK the US government is the major shareholder in these companies now isnt it? Shouldnt it be down to them who gets paid what.That’s how capitalism is supposed to work.
Prehaps they should take some of these $trillions and pay someone with a decent legal and financial mind to sort it all out...
Allowing anyone to get mortgage and then walk away from the debt ultimatly leaving it on the governments books after all and sundry have had their slice is plain wrong.
RobDickinson said:
Fittster said:
RobDickinson said:
Fittster said:
RobDickinson said:
Fittster said:
Companies should be able to pay their employees however much they please. They should be able to go broke too.
That’s how capitalism is supposed to work.
AFIK the US government is the major shareholder in these companies now isnt it? Shouldnt it be down to them who gets paid what.That’s how capitalism is supposed to work.
Prehaps they should take some of these $trillions and pay someone with a decent legal and financial mind to sort it all out...
Allowing anyone to get mortgage and then walk away from the debt ultimatly leaving it on the governments books after all and sundry have had their slice is plain wrong.
The problem is the government has now got involved and can't disengage.
Alex said:
This clumsy attempt to prevent senior bankers receiving their "obscene" bonuses, will also prevent thousands of ordinary workers from receiving modest bonuses that they rely on to top up their salary. Mob rule is upon us.
Try reading what it says - it only applies to those on incomes over $250K. Seems to be quite well targetted to me.Fittster said:
RobDickinson said:
Fittster said:
Companies should be able to pay their employees however much they please. They should be able to go broke too.
That’s how capitalism is supposed to work.
AFIK the US government is the major shareholder in these companies now isnt it? Shouldnt it be down to them who gets paid what.That’s how capitalism is supposed to work.
Prehaps they should take some of these $trillions and pay someone with a decent legal and financial mind to sort it all out...
Iain328 said:
Alex said:
This clumsy attempt to prevent senior bankers receiving their "obscene" bonuses, will also prevent thousands of ordinary workers from receiving modest bonuses that they rely on to top up their salary. Mob rule is upon us.
Try reading what it says - it only applies to those on incomes over $250K. Seems to be quite well targetted to me.Bill Clinton brought in the "Sub Prime" market by forcing banks to lend to those who frankly had no chance of ever paying the mortgage off!!!! Typically the same Democrat party now blames the very institutions THEY ruined and puts another condition in the way of them doing fair business. Obama is not a "new" dawn. Merely the figurehead of a party that screwed everything up and wouldn't allow Bush Jr. to reverse the mistake they made.
Fittster said:
RobDickinson said:
Fittster said:
RobDickinson said:
Fittster said:
RobDickinson said:
Fittster said:
Companies should be able to pay their employees however much they please. They should be able to go broke too.
That’s how capitalism is supposed to work.
AFIK the US government is the major shareholder in these companies now isnt it? Shouldnt it be down to them who gets paid what.That’s how capitalism is supposed to work.
Prehaps they should take some of these $trillions and pay someone with a decent legal and financial mind to sort it all out...
Allowing anyone to get mortgage and then walk away from the debt ultimatly leaving it on the governments books after all and sundry have had their slice is plain wrong.
The problem is the government has now got involved and the government can't even work out which foot to put each shoe on without help.
telecat said:
Bill Clinton brought in the "Sub Prime" market by forcing banks to lend to those who frankly had no chance of ever paying the mortgage off!!!! Typically the same Democrat party now blames the very institutions THEY ruined and puts another condition in the way of them doing fair business. Obama is not a "new" dawn. Merely the figurehead of a party that screwed everything up and wouldn't allow Bush Jr. to reverse the mistake they made.
Strange how the media, and particularly the scrupulously unbiased and totally honest BBC, never quite manage to string the facts together like that. Could it be that doing so might expose the leftist ideological bankruptcy that led nations towards the same destination? Or perhaps that saying something other than insults about Bush is too much for most of these upright paragons of virtue? Or perhaps these institutions are infested with people suffering from incurable egalitarian delusion like the idiot politicians they support all the way to the cliff edge, and probably beyond.As to Obama, time will tell, his latest strategic gem is to go on a chat show and say that people he works with in Washington are like Simon Cowell. Never mind, give him more time. And more rope.
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