Bonus? Tax 90%

[Urabus GodofTraction]

While i tend to agree with you, AGAIN, this is a one of a kind situation. An exception to that 'rule'.

With the government, there is no exception to the rule.

Give in inch, they'll take a mile.

[smockers83]

It is communism when the state gives and takes away.

So when the government says we want our money paid back from AIG, Citi, Wells Fargo, GM, Chrysler, and everyone else who got money recently, it's communism and not a return to capitalism?

Oh, by the way, your example didn't make any sense.

Remember people, the tax isn't against the people who received the bonuses, it's a tax on AIG, the company itself.

I am finding this thread very comical still. Many of the lefties are saying the government is setting a dangerous example and they don't approve of it while the righties are saying go right ahead, we don't care. So the lefties are saying less government power and the righties are saying more government power (more or less). But at the same time, lefties are claiming communism and what not while some of the righties are saying WTF are you talking about. This thread is all over the map.

[Armelius]

So when the government says we want our money paid back from AIG, Citi, Wells Fargo, GM, Chrysler, and everyone else who got money recently, it's communism and not a return to capitalism?

Oh, by the way, your example didn't make any sense.

Remember people, the tax isn't against the people who received the bonuses, it's a tax on AIG, the company itself.

I am finding this thread very comical still. Many of the lefties are saying the government is setting a dangerous example and they don't approve of it while the righties are saying go right ahead, we don't care. So the lefties are saying less government power and the righties are saying more government power (more or less). But at the same time, lefties are claiming communism and what not while some of the righties are saying WTF are you talking about. This thread is all over the map.

How about when the government takes away? That good enough to be called communism? When it gives and it's called redistribution, that is also called communism. When the government controls all means of production and the central bank (yes, USSR demanded one) then it is communism.

In my example you are the commie state.

Does that make sense?
Modified by Armelius at 5:32 PM 3/21/2009

[themadscientist]

When a buddy asks for some money to pay his rent and he then spends it on some rims for his car is it communism to say "gimme my money back"?

[Armelius]

It's communism when you steal his car and say it's yours because it has your rims on it.

[themadscientist]

That isn't what is happening.

[Armelius]

Well do you expect them to live in their cars?

[themadscientist]

These f***ers crashed the worlds economy, bonus hell, I want their nuts in a jar!

[Armelius]

The only problem is that you weren't expecting it.

[themadscientist]

I was expecting it, told my mom to sell her house a year ago. Had she listened to me she would snapping up a new house for cents on the dollar but she didn't so she is dealing with this crap like everyone else. My portfolio is diversified, I got hurt but not bad.

That is irrelevant to this discussion though, these people need that bloodmoney snatched up.

[Armelius]

There is a few more things that will happen. It's not done yet.

[themadscientist]

I expect us to continue the plummet until late this year and ever so slowly begin the very long climb back up. I would be surprized if the economy is starting to recover before summer 2010. I am dug in for a long cold winter, most people are'nt. they are running to mount doom to beg the cult of Obama to deliver them but will do nothing but sell thier souls for stock in an empty promise.



Somebody already shopped the pic for me

[WDRacing]

Is that from a Conan movie? Awsome...

[themadscientist]

I was looking for a pic of James Earl Jones as Thulsa Doom to draw the parallel and found someone had taken it a step further and shopped Barry's head on him, excellent!

[OriginalWheelman]

http://news.bbc.co.uk/2/hi/business/7960459.stm

Nine of the 10 executives who received top bonuses from US insurance giant AIG have agreed to return them, New York's attorney general says.

Andrew Cuomo said he hoped to recoup $80m (£55m) of bonus payments - which amounts to about half of the $165 million paid by AIG on 15 March.

...

The bonus debacle had prompted the approval of a bill by the US House of Representatives to impose a 90% tax on bonuses awarded by companies bailed out by the US government.

But President Barack Obama said such a measure would be unconstitutional.

The announcement that much of that money is now being returned seems likely to ensure that the bill never reaches his desk, says the BBC's Richard Lister in Washington.

Mr Cuomo said 15 of AIG's top 20 bonus recipients had agreed to return their payments, which he estimated to total around $30m.

"A number of them have risen to the occasion and I applaud them," Mr Cuomo - who is investigating AIG as well as several other financial institutions - said of the executives who had offered to give up their bonuses.

He added that he expected to recoup all of the bonuses paid to American citizens working for AIG, which accounts for around half the $165m the company paid out.

Mr Cuomo said he did not plan to release the names of the employees who have agreed to return the bonuses, suggesting there was no implied threat that if an employee refused to return their bonus, their name would be disclosed.

Bonuses ranging from $1,000 to more than $6m were paid to some 400 staff in the division handling the mortgage-backed assets at the heart of the financial crisis.

Seven senior employees were paid more than $3 million, while 73 members of staff received bonuses of more than $1m.