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House passes bill taxing AIG and other bonuses
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[QUOTE]Originally posted by Propertymanager: [QB] [QUOTE]the economy already collapsed.[/QUOTE]The economy certainly hasn't collapsed yet. So far, it's being help up with imaginary money (pulled right out of thin air) from the government. You'll know it has collapsed when the companies that are "too big to fail" - start failing. That's coming! It IS going to collapse. We've now reached the point that the government is paying it's own debt by printing money - that's a very dangerous turning point. Put on your helmet - we're gonna crash! [QUOTE]contracts cannot be broken lightly.. the right to do so a Federal right but is reserved to the court system...[/QUOTE]That's right, and for the record, I am not for these people getting bonuses and being rewarded for destroying their company. I am for AIG failing and these morons being OUT OF WORK! What I object to here is that the government is using the tax code to punish INDIVIDUALS. [QUOTE]the case will take yeas to settle, and in the meantime? we would all in bread lines. even people with "cash flow"[/QUOTE]Even during the worst depression, "all" of us will not be in bread lines. During the great depression, unemployment only reached 25%. Of course, they didn't have a base unemployment rate of 15% to 20% - people that are too lazy to work and living on government handouts. When you add that to our current government provided unemployment numbers, the true unemployment is probably already 25% today. [/QB][/QUOTE]
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