jhetley: (Default)
jhetley ([personal profile] jhetley) wrote2009-03-17 10:37 pm

Bad cases make bad law

Hey, the AIG situation sucks, to put it mildly.  But somebody really, really needs to whap a congresscritter or two with the concept of "ex post facto" before they start loudmouthing retroactive taxes . . .

[identity profile] jhetley.livejournal.com 2009-03-18 12:31 pm (UTC)(link)
Well, one of the national embarrassments was talking about legislation, which doesn't sound administrative to me. And I have a bias against the government seizing personal assets that were acquired in a legal fashion . . .

Then there is the question of taxing foreigners on income earned outside the US. I don't know what percentage of the bonuses that can of worms covers. Some, at least, from the reports and speculation I've seen.