If we ignore the politics that drive the strong opinions on both sides of the AIG Bonus Tax for a minute and focus on how this new tax skews people’s work incentives, perhaps we can come to an agreement that this solution that was rushed through the House last week is just downright stupid. I’ll [...]
[Read More...]Archive for the ‘Politics’ Category
Good News
March 22nd, 2009 by Will Crowthers waiting for comments...With all of the recent doom and gloom about how our government (even with “the chosen one” as our President) is falling flat on its face by failing left and right, I figured I would find some positive news for us. This short article in the Washington Post makes a couple of great points: “U.S. [...]
[Read More...]Fighting the Bonus Tax
March 20th, 2009 by Will Crowthers 4 Comments »As you may have read in my previous post regarding AIG, I see little wrong with the contracts that were written a year ago under US Government supervision for AIG executive bonuses. To top it off, the US House of Representatives has passed a MASSIVE surtax on bonuses – a type of ‘Salary Cap’ if [...]
[Read More...]AIG Bonuses
March 18th, 2009 by Will Crowthers 12 Comments »I was asked twice yesterday about my opinion on the AIG Bonuses so I figured I would put something together. I am using the following 2 articles as the basis:- New York Times, In Online Forums, AIG Bonuses Touch a Nerve- CNN, 73 at AIG Received Bonuses of $1M or More Here are the facts [...]
[Read More...]Why Bank Nationalization Is So Scary
March 15th, 2009 by Brad Harbach waiting for comments...On Thursday, a former guest blogger and current Bank of America employee forwarded me a blog post that explains why nationalizing our countries banks would have profound effects on everyone. I found the post to be a very informative read and I recommend it to anyone who wants to have some basic dinner table knowledge [...]
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