Entries in Wall Street bonuses (1)


Death and Taxes

Thought for the day: 

   Back in October of 2008 when Wall Street bankers were projected to receive some seventy billions dollars in bonuses despite having caused the worst financial crisis since the Great Depression, we were told that the bonuses were not only deserved, but also necessary to retain top talent.

   If we accept that these fat cats are truly as talented as they claim to be (and thereby deserving of their ludicrously high compensation) then surely they've got the talent to successfully conduct business with stricter regulations and higher taxes.

   And while I'm on the subject of taxes, you'd think that in these times when we're fighting two wars started by a Republican president paying higher taxes would be considered patriotic. But no. Death and taxes are not always certain. You won't find the sons of millionaires dying on the battlefield or many billionaires paying their "fair share".