wf3h wrote:
On Mar 19, 6:04 pm, 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.

AIG is owned by the govt. those people work for us. we get to set
their salaries and bonuses.



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.

singling out a group of people is not unconstitutional. it probably IS
unconstitutional to try and break a contract which was legal at the
time it was made. but there is no excuse for this type of theft of our
money.

Retention bonuses have been given by companies for centuries to maintain
their staff when the company faces uncertain economic futures.

and since we own AIG, we have the power to fire those people at will.
in the US employment is 'at will'. so we can fire those managers if
we're unhappy with their performance



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.

those people ran AIG into the ground. what fairy tales do you read? do
you know AIG has $150,000,000,000 in govt money in it?

Are you more concerned with punishing individuals who work at AIG or are
you more concerned with AIG becoming a healthy private enterprise again?

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.

the right wing 'free market' folks got us into this mess....they
created the largest economy collapse since the great depression

Who is your employer?

Where do you buy your food?

Where do you buy your clothes?

Where do you buy your durable goods?

The free markets have a self correcting mechanism.

Government's only solution to problems is more regulation and taxation.

now you're saying to continue with those failed policies because of
your faith in them? you're worse than a creationist!

The failed policies are from over regulation by the government and
trying to implement social policy rather than follow sound business
principles.

we DID de-regulate the market. and collateralized default swaps went
from $920B in 2000 to SIXTY TWO TRILLION DOLLARS in 2007....

If we are playing the blame game, then you should be upset with Clinton.

is that the type of de regulation you had in mind?

Why should we keep propping up AIG and other private enterprises with
taxpayers money? Shouldn't we just let them go bankrupt? Or does the
fact that the Dodd and Frank would lose too much in campaign
contributions if that were to happen have any bearing on the decisions
by the legislative branch of government?