Friday, March 20, 2009

Should I Get That in Writing?

When my husband first mentioned to me that Congress wanted to pass a law taking away 90% of the bonuses paid by AIG, "I thought that won't happen, it's not legal."

Apparently, the majority of the House of Representatives doesn't care about legality. Yesterday, they trampled the constitution by passing legislation taxing 90% of this group of people's income. This is government taking aim at a group of people they don't like and confiscating their money, the income they had contractually earned.

These bonuses were no surprise. The payout of these AIG bonuses were even provided for by Chris Dodd inserting a loophole for "contractually obligated bonuses agreed on before Feb. 11, 2009" in the stimulus package. The outrage by Congress is a sham. Now it is evident that contracts and words spoken mean absolutely nothing to Congress and Timothy Geithner.

Who will be the next target of Congress? Who else will be targeted because the government doesn't like them, their income, their job, their political beliefs, their religion? Will you only say something if the target is you? Just because you don't like someone doesn't mean you can punish them at will.

So much for private property and the pursuit of happiness.

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