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Politics : View from the Center and Left
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To: Steve Lokness who wrote (130202)2/5/2010 12:37:10 PM
From: Katelew  Read Replies (2) of 542598
 
why doesn't Krugman instead just once to suggest where some of the money might come from?

Exactly, Steve. I also thought this Krugman piece was pretty much drivel.

Better we stop spending money in Iraq and Afghanistan, bring our kids home from this hopelessness, stop the subsidies to corporate America whether they are farm subsidies or Blackwater subsidies and put taxes on bankers million dollar salaries and use this money to put Americans to work making AMERICA better.

You made a good start on a laundry list of ways to start whittling down the budget. It needs to be across the board with shared pain for all.

In keeping with your sentiments, I'm weary of the Obama administration harping on salary/bonuses in the financial services area. I don't like the targeted and punitive proposals to stick it to these guys in various little ways. What are they doing? Trying to shame these guys into giving back their bonuses? These are a kind of unseemingly populist rhetoric and petty punitive actions that I think backfire politically. It raises fear and wailing, and lots of FOX soundbites on who will be next.

Relative to wage growth for the last 25 years, ALL executive compensation has reached obscene levels. And it doesn't matter if the compensation package is a mix of salary, stock, bonuses, etc. So I want Obama to end the silly sniping and just raise taxes period. The more obscene the payment package, the more taxes that person will naturally pay. This is equitable.

It ends all the waiting to see who's next, and allows people to see exactly what their hit will be and start planning their budget accordingly. It also prevents the ugly reality of watching different State Senators try to protect industries unique to their state. State representatives are supposed to try and protect the interests of the state they represent anyway. Across the board income tax increases gets them off the hook.
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