Obama throws due process out the window with 90% tax
Regarding the AIG bonuses. Ok, so everybody's pissed off that this company got bailout money gave massive bonuses to their execs. Now our government has decided to tax the AIG bonuses at 90%.
Forget using the civil and criminal courts. Forget due process. Forget the basic values upon which this country is founded. Just tax the hell out of the dirty-rotten SOB's who offend us and bleed 'em dry! The tax system is in place to fund the neccessary operation of the government, not so the government can award itself punitive damages.
We are treading on dangerous ground here. I haven't heard much outrage about this. But has anyone considered the ramifications of this new trend? Obama has already said he wants to force people to stop using petroleum. Obama has already made plans to tax ammunition to the point that nobody can afford to buy it. The list of things that offend Obama goes on and on.
Who will be the next victim of punitive damages via excessive taxation? Will it be gun owners? Churches that don't follow Rev Wright's doctrine? Companies who piss off the NAACP/Al Sharpton/Jesse Jackson? People who don't buy into the political agenda of the president?