Congress might take action against ridiculous CEO bonuses
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  Congress might take action against ridiculous CEO bonuses
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Author Topic: Congress might take action against ridiculous CEO bonuses  (Read 1794 times)
opebo
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« Reply #25 on: March 21, 2009, 03:08:09 AM »

...Retroactively taxing income at confiscatory rates sets a very dangerous  good precedent.
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Coburn In 2012
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« Reply #26 on: March 21, 2009, 04:49:11 PM »

Stupid.  Okay it's one thing for AIG executives to use taxpaper money courtesy of obama and Dodd for bonuses.  (I wonder why...campaing donation pay back maybe?)

But congress can't and shouldn't set limits on executive pay or bonuses.  That my friends is called marxism. 

Plus if we want the economy to recover, money is most effectively used by the most productive and wealthy citizens.  They buy boats, jewelry, homes, condos and other big ticket items.  That stimulates the economy.  Not food stamps for the indolent or stimulus money to citys that want new buses.  Dumb
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Smash255
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« Reply #27 on: March 21, 2009, 11:56:34 PM »

Stupid.  Okay it's one thing for AIG executives to use taxpaper money courtesy of obama and Dodd for bonuses.  (I wonder why...campaing donation pay back maybe?)

But congress can't and shouldn't set limits on executive pay or bonuses.  That my friends is called marxism. 

Plus if we want the economy to recover, money is most effectively used by the most productive and wealthy citizens.  They buy boats, jewelry, homes, condos and other big ticket items.  That stimulates the economy.  Not food stamps for the indolent or stimulus money to citys that want new buses.  Dumb

First off your comment on marxism & Obama shows you have no clue what the hell Marxism actually is.  The bonus & Exec limits are for companies who are getting bailout $$ from the Govt.   Secondly, Obama wasn't the only one which gave AIG bailouts, Bush did as well.  Not to mention the utter deregulation your Republican buddies love so much helped lead AIG to do whatever the hell they wanted, get as big as they are and too big to fail mess that they are in now.

As far what helps stimulate the economy, its creating jobs, shoving more $$ into the hands of the very wealthy doesn't create jobs, the last 8 years of the worst job creation record since Hoover shows us that.
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