Wealth Redistribution

Congress may be pissed about the AIG bonuses, I think we all are. But having worked in financial services for a time, I’m also aware that many of the employers consider the ‘bonus’ more in line as part of one’s salary. So just because a very small number of AIG employees were responsible for creating, marketing and selling the instruments that contributed to this fiasco, doesn’t mean you stick it to the rest of the employees. Sure there are some recipients that got ridiculous bonuses - $4+million, but so did Dante Stallworth (that may not be a good example).

This all could have been avoided, if that’s what the Government wanted. Hell, they…I mean WE…own 80% of the friggin’ company. We’re the shareholders. This should have been stopped at the Board Room.

Anyhow, what scares the crap out of me is Sen. Chuck Schumer’s statement on the Senate floor that they will tax those who received the bonuses at 100%. If that isn’t dangerous, I don’t know what is!?! The last thing I want is the US Congress creating legislation that specifically targets an individual’s salary, bonus, employment package, WHATEVER!!

A show of hands: Who wants Congress deciding how much someone should make!?! What someone should NOT make!?! All of a sudden CONGRESS is the head of HR, the COO, and the CFO for every worker in America!?! [Well comrade, yes.]

You’ve read it here first – if this happens it won’t stop there. And while you and I may not be the ones in the crosshairs today, sooner or later we will be.

It started with limiting executive compensation. It’s moved to bonus claw-backs and 100% tax rates.

Prepare yourself now. The mid-term elections are less than 2-years away.

POTUS