Tax clawbacks: doing it right
(Blog Post) ... a tax clawback does represent a kind of escalation. It sits awkwardly with norms and ideals that are less a matter of law than we think but that are nevertheless an important part of American political culture. In our better moments, we dislike "collective punishment" and try not to change the rules of the game out from under people midstream. On balance, I think the benefits of a well designed tax clawback could exceed its costs. But a poorly designed ... Full Story »
Posted by Kaizar Campwala
According to most scholars..a targeted Tax against eh AIG Bonus recipients will likely be viewed unconstitutional. Especially considering The Fed voted in favor of them at the last AIG board meeting...The Fed has a few seats as they are majority stock holders..These are legal contracts..like it or not..(I hate it)