Monday, December 14, 2009

Make Them Work For Free Dammit!

The Left's war against the productive continues.

The UK has imposed an onerous tax on Bonuses paid out to bank executives and employees. (See this CNN Article.)

NEW YORK (Fortune) -- The odds aren't on its side, but a bonus tax could happen in the United States too.

The United Kingdom this week slapped a 50% tax on bankers' bonuses above about $40,000. The one-time tax will be paid by all banks with employees in the country. France pledged it would adopt the same policy, while Germany's chancellor called the idea "charming."

What would stop US Politicians from bringing this onerous tax to the US?

What would stop them from making it applicable beyond just bank employees?

Can you really trust them to not make it apply to you?

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