Post by nascent on Jan 30, 2009 21:10:46 GMT -5
I know that the United State's politics aren't always relevant to the rest of the world, but this should be something that everyone everywhere can rejoice about. After outrage and a public outcry against the excessive bonuses being handed out by several bail-out banks to their executives, a bill has been placed before the senate that would limit the ridiculous salaries of these bailed-out bankers to no more than $400,000.
CLICK HERE to see the bill being introduced. It's worth watching, trust me.
Personally, I don't think it's enough. These greedy CEOs have been milking the average American mercilessly for decades, and this is hardly more than a slap on the wrist. $400,000? That's still a ridiculously high salary, even if it's nothing compared to the millions they were making previously. And how, pray tell, does this translate into putting money back in the hands of the taxpaying public?
But the real irony of it all is this: these bankers are hardly the first people to rip the public off like this. Politicians have been doing since long before the economy took it's plunge. Wrap your head around this:
Members of congress can retire to annual benefits two or three times their salary!
In my opinion these posh beaurocrats, business and politics alike, have been diping into the cookie jar for far too long. Now we're all out of "cookies" and they're both pointing fingers at each other while the public suffers. Enough is enough. The American public ought to take back control of how much it gets taxed and how that money is spent.
Feel free to comment on this or any other related issue in this thread.
CLICK HERE to see the bill being introduced. It's worth watching, trust me.
Personally, I don't think it's enough. These greedy CEOs have been milking the average American mercilessly for decades, and this is hardly more than a slap on the wrist. $400,000? That's still a ridiculously high salary, even if it's nothing compared to the millions they were making previously. And how, pray tell, does this translate into putting money back in the hands of the taxpaying public?
But the real irony of it all is this: these bankers are hardly the first people to rip the public off like this. Politicians have been doing since long before the economy took it's plunge. Wrap your head around this:
Members of congress can retire to annual benefits two or three times their salary!
In my opinion these posh beaurocrats, business and politics alike, have been diping into the cookie jar for far too long. Now we're all out of "cookies" and they're both pointing fingers at each other while the public suffers. Enough is enough. The American public ought to take back control of how much it gets taxed and how that money is spent.
Feel free to comment on this or any other related issue in this thread.
I did post in shades of grey if anyone even remembers that lmao