Well...congress is in an uproar about AIG giving out $165 Million in bonuses while receiving bailout money, and they should be!
The link below has the story:
http://money.aol.com/news/articles/_a/bbdp/congress-threatens-to-tax-aig-executives/384322?cid=5
But I'd like to add a bit more to the idea of a 100% tax on bonuses for people who retained their jobs only because taxpayer funds kept their businesses going. Let's do something to get back some of our money from war profiteers. Those outrageous contracts that Blackwater, KBR/Halliburton, and other organizations got from the government over the last seven years. Why isn't there the same vigor in our government to find out where the money went and ship it back to D.C. so they can use it for schools, healthcare, infrastructure, and other projects.
It's crazy that this stuff doesn't get looked into with a microscope. And, the defense contractors who seem to always have "cost overruns" should be required to "put everything on the table"...what's the deal with that!!
Start with AIG and go through the whole rotten mess. I'm sure we'd be able to get hundreds of billions (if not more) of our money back if congress would get into the details. Of course many of them were there to hand out the cash in the first place, so that should help in finding which drawers the stuff is in.
And...why not bring back George W. and Dick and grill 'em (as the expression goes) for some REAL answers.
I could go on about this forever...but I'll stop here.
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I was pondering about comments like these, and just about everything that has beeen going on with everything in the corporate scandal spectrum.
ReplyDeletePeople like Bernard Madoff, or Ken Lay, definitely deserve to go to jail. However, the weird paradox about it all is they would in turn be stealing more money from tax-payers. Because of how corrupt things are today they most likely would sit in what were the most lavish of prisons with cable, internet, and all the other luxuries that they do not deserve to be provided with from tax-payers. Plus, guys like the two above would most likely write some crazy book and once again be making money as they did outside of prison.
Do people like this deserve to be as lucrative as they are despite there situation? I'd like to think not, however I don't believe ex-communicating them solves the problem either. Should we hang them? The question posed seems unjust and unfair. However, what about all the people that have commited suicide because of the bankruptcy problems they have face because of people like Madoff. Is not that transitively or indirectly 3rd degree murder or something of the sort? Regardless, I hope that these people that have hurt so many realize they are no better than people like Hitler in my opinion. Despite how opinionated I may be towards the scum that those people are, I can't seem to find any punishment to sit right in my stomach for what they deserve.
Interesting thoughts Nicholas. Yep...these guys are pretty cruel. And, they have caused others hardship and death. They are a product of a hyped up consumerous society.
ReplyDeleteThey will not be able to make money from books by law, but that doesn't mean that the members of their families won't or others related to their activities won't.
We need to understand what causes their typ of greed and prevent it some how.
Punish them absolutely. Get to the cause...a must.