I think they shouldn't be allowed to work in the industry for, what, 7? 9 years? Bankruptcy, no?
Gut bankruptcy protections for the little people and bail out the billionaires. It's how they play.
vkobaya
· 1 year ago
Greed is good! Greed is God! Worship greed!
vkobaya
· 1 year ago
JPMorgan Chase CEO Jamie Dimon said in a conference call with reporters Friday that no decisions have been made about the fates of WaMu senior executives.
Good! My recommendation is to use the guillotine.
anotherdumguy
· 1 year ago
There is really no way to stop this crap without the government becomming overly involved in internal decision making at corporations. That is why the realistic thing to do is to have a tax system that ensures that the government gets its share. That is why we need a higher rate on high incomes. We should have a higher rate at $250,000 income, and an even higher rate at $1 million. A great deal of this compensation is paid pursuant to tax "gross up" clauses, whereby the company is obligated to pay the tax on the bonus to the executive. I would add a provision that any compensation paid pursuant to such a gross up clause is subject to a tax rate of 75%. This would ensure that the government gets $3 for every $1 making it into the executive's pocket. It would become prohibitively expensive for companies to enter into these clauses, and most would stop. The capital gains rate should also go back to 20%. My preference would be to increase the dividend tax rate from 15% to 30% and reduce the corporate tax rate to 25%.
All Comments
Gut bankruptcy protections for the little people and bail out the billionaires. It's how they play.
Good! My recommendation is to use the guillotine.
The capital gains rate should also go back to 20%. My preference would be to increase the dividend tax rate from 15% to 30% and reduce the corporate tax rate to 25%.