Wednesday, December 9, 2009

A Little of the Old In-Out, In-Out

It pleases me to report some good news on the economic front, friends, for Great Britain has struck a mighty blow for the little bloke!

Alistair Darling, the U.K.'s Chancellor of the Exchequer -- sort of like a Treasury Secretary, but with more pluck -- announced today that he will impose an immediate, one-time 50-percent tax on bonuses of more than 25,000 pounds (about $40,800). That's on top of regular income taxes.

The New York Times calls it"the most direct attack on bonuses anywhere in the world."

(courtesy Huffington Post)

Indeed! And rightly so, all things considered.

Meanwhile, as Goldman Sachs tries to hustle through their $16.7 billion bonus pool and Lehman Brothers...oh, yeah--they died without our support...nevermind, President Obama and the fine fellows in Congress have responded with...silence.

Nobody is even half-heartedly saying something, testing the waters, or making hollow promises to look into it. Nothing.

Huh? Is this not the perfect situation for a bandwagon ride? Like dominoes, these bonuses should fall, but our government is too afraid of their pinstripe-suited master, and so, once again, a grand opportunity for change will pass.

Hey, Obama--remember this?

It should be more than just a sexy graphic, you know...


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