Politics
Out of context: Reply #6074
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- tommyo0
There are a few things I find really screwed up about the gov taxing these bonuses. First I need to preface this with, 'I think the people who gave, and the people who received these bonuses should be scrutinized heavily.'
With that said. These bonuses were contracts between AIG and their employees, now the government is going to come in and circumvent contract law by creating a special tax? I'm afraid these are the sorts of situations we're going to see more and more often as our government starts running companies with our money. Imagine if Company A purchases Company B, then Company B gives lavish bonuses to their employees. Company A virtually has no recourse but to fire those at the top approving the bonuses no? Thus fixing the problem for the future. Now that the Gov IS Company A, they're going to use the countries legislative powers to force employees to give back the bonuses. Could a civilian Company A force employees from Company B to give back some of the money they were given? Unchartered waters we're entering here. Our government now has special abilities in the competitive marketplace that other companies aren't allowed to use? Curious.
Like I've been saying since this all started, our government has no idea how to run a company. None. Why are some people still okay with letting politicians run industry? Just read this recent admission and statement from Dodd about his part in this whole mess, and then tell me that you feel comfortable with these guys running businesses who are 'too big to fail.' http://www.courant.com/news/poli…
Which brings me to yet another point. In Feb we passed a stimulus bill that none of the politicians, except those penning it were able to read. It was pushed through without the due scrutiny and discourse it deserved. I'm still pretty mad about this. Congress fucked up. They had a great idea in this bill to keep companies, who are using our money to stay afloat, from handing out the lavish bonuses that make all of us feel like suckers, and them like wolves. Instead, Dodd (who received large sums of campaign money from AIG) says first that he didn't know that the language had changed, now he admits that he was involved in adding a loophole (this is that language he didn't know was changed a week ago) at the request of the Treasury Dept. Geithner admits to this now as well ... guess what Congress, maybe before passing very large, potentially economically disabling legislation you should give it due process and re-fucking-read what you're signing, talk about it amongst yourselves, you know, do what you're fucking hired to do. These bonuses should have served as reminders that our Congress didn't do their job, and that a company who has been wasteful and reckless continues to do so because our Government continues to prop them up.
Now Congress will try and act like the hero. Very publicly and illegally (imo) reversing bonuses the corporations have handed out. It's silly and shameful on both their houses. An ounce of prevention is worth a pound of cure.
- the reason why the gov is running these companies is because they were acting irresponsibly. because of lack of oversight and regulation.DrBombay
- oversight and regulation fostered by the previous administration.DrBombay
- Again, you really don't get the issue here. You see the surface of the water and can't seem to grasp the depths of it. I get whytommyo
- gov is running these companies, it's not due to their lack of responsibility though. It's because their failure threatenstommyo
- our country. The POINT is that gov is no better at running these companies then the thieves are. Worse in my opinion.tommyo