Posts Tagged Wall St. bailout

Here’s a way to help with the deficit: a 100% tax on Wall Street bonuses


After bailing them out of the hole they dug for themselves with shovels they stole from middle class investors, tax payers are pissed off about the crazy bonuses Wall St. firms are awarding themselves this year.  Wall St. is finishing up a strong year, but lets no forget that this was accomplished with Federal money.

A little glimpse into how greedy and immoral these fat cats really are is with the reason they give for being able to award such large bonuses: so many of them have been laid off or incarcerated that everyone else gets a bigger slice of the pie.  Even though many of the remainder should be out of work themselves, if not in jail, they are able to stuff millions of bonus dollars under their mattresses (can’t trust the banks, now can they?)  Why do they deserve these rewards? It’s not like they are providing a benefit to the country and I can’t think of any jobs they are creating.

Because of these selfish Scrooges, a lot of Americans, if they are fortunate enough to be employed, are not getting Christmas bonuses this year, if ever again.  So, I say the Feds should tax the banker’s bonuses, every penny,  and then use it to help fund extended unemployment benefits. They should be able to muddle through on their six figure salaries.

Merry Christmas Mr. Potter.

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