two thoughts from this morning's news

[bunnyjadwiga]

1) Senator Richard Shelby, who was asked to comment on NPR on the bailout plan, sounds remarkably like a small-town Southern sheriff of the reliable kind.

2) I have an overwhelming curiousity to see what would happen if we raised the taxes on those people and companies making over 5 million a year, and gave them some of these bought-out securities and shares as a lollipop.

Comments

[marag.livejournal.com]

I was listening to that NPR report on the way to drop the sproglet off at school, and I had the disconcerting experience of finding myself nodding in agreement with Richard Shelby. Surely this is a sign of the coming apocalypse?

(Okay, I didn't totally agree, but it's unusual for me to be agreeing at *all*.)

[aeddie.livejournal.com]

Point 2 could be lucrative for the taxee. Set up the bought-out shares and securities similar to a mutual fund and they get shares in the mutual fund equal to a percentage of the increased tax.

The problem with "companies making over 5 million" is how do deal with company size. A small company with 5-10 employees is doing better at that amount than a company with 1000 employees doing lots of R&D.

[danabren.livejournal.com]

2) I have an overwhelming curiousity to see what would happen if we raised the taxes on those people and companies making over 5 million a year, and gave them some of these bought-out securities and shares as a lollipop.

If only.