JOE SOLVES THE CORPORATE BONUS PROBLEM
16 March 2009
Everybody’s up in arms about the big bonuses being paid to AIG execs
with federal bail out funds. Yup, the very folks who lost you your job
are getting big, fat cheques as a reward for their malfeasance and
greed. Are you pissed off yet?
If not, consider this: these bonuses are being paid for with our (your)
taxes! These greedy, rapacious churls who destroyed our economy are
getting even richer, and we’re
paying for it!
Nobody seems to know what to do...gee, it’s a contract! How could it be
broken? What can we do? You
don’t know what to do?
I know what to do!
Do I have to solve another one? Yes? O.K. I
will. This is so easy I really can’t figure out why no one has thought
of it. Duh...
in the U.S. congress should draft a bill. Here’s the tentative language:
bonus money paid to any firm or individual by any entity receiving
federal bail out funds will be taxable at a rate of 100%, due upon
receipt of said funds by said firms or individuals.”
No problems with contract law or anything. I
cannot imagine that such a bill would not be passed unanimously by both
houses and signed by president Obama, tout
de suite! In fact, the only people I can think of who would be
against it would be Rush Limbaugh and his sycophantic crew of me-too
So stop wringing your hands! Call your congressmen!
Give them this idea! Let’s solve this simple problem and move on!
March 2009, Pirare Joe