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Jim Jim is offline
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First recorded activity by BoatBanter: Mar 2009
Posts: 27
Default OT Confiscatory taxation

Frog Britches wrote:
Keith Nuttle wrote:
The following was sent to the newspaper and several Senators.


I could not believe that the Senate was even going to consider the
confiscatory taxation bill that pelosi's house passed today. Anytime
that the Government of the United States singles out a specific group
of people and taxes their income at a 90% tax rate, it is wrong.
These bonuses were given with the full approval of the Senate, House,
and obama. Now that the company is doing what the Democrats gave them
permission to do, the US government is singling them out for
confiscatory taxes. If anyone would read the Constitution they would
find that singling out a group of people for this type of legislation
is also unconstitutional.

Retention bonuses have been given by companies for centuries to
maintain their staff when the company faces uncertain economic
futures. They have also been given to contract workers as incentive
to stay in the position until the contract is completed. There is
nothing wrong with retention bonuses and they were needed by AIG to
keep their staff from going to other companies. Because the company
did not want to be stripped of its staff, the government is going to
penalize those employees for staying and helping AIG return to a
healthy company.

Apparently the president and people in leadership positions in the
senate and house have no concept of what to do about the economic
problems the country is facing today and are using every minor excuse
to divert the public's attention from their failures.

All of these actions by the government are based on the whims of the
people. If the polls said that the people who received those bonuses
should be hanged, would the congress pass laws to implement those
hangings? This is what the government is doing to the American people
with the 90% taxation of the bonuses. This is a republic where people
with the knowledge and Common Sense to govern the country are elected
to write and approve legislation for the common good. We are not a
democracy where the people in the government rule by summarizing the
polls of their constituents.

Those people in congress who are there to promote the common good of
the people of America must band together and sponsor legislation that
will remove the tax burden from the American people and revise the
rules and regulations that are restricting the American economy. They
are not there to single out groups for destructive legislation.

There is nothing but corruption on Wall Street, in Washington, and the
offices of International Bankers and Merchants or Globalists.
I don't see anything assertive being done to bring the attackers, of our
Republic, to their knees.
They are importing Illegal Aliens from Mexico and exporting our basic
industries to Mexico. A grand design or just happenstance?
Nationalism is the only thing to pursue. America and Americans first. I
didn't say anything about any form of socialism. I said America better
be fighting for it's life.


The voters have spoken and they don't agree with us. We're doomed.