Bad cases make bad law

[jhetley]

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 . . .

Comments

[jhetley.livejournal.com]

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.