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!
Indeed! And rightly so, all things considered.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."
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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