Friday, March 20, 2009

90% Bonus Tax Article

This is the most lucid assessment of the madness that has engulfed the US Congress and the unintended consequences of the 90% bonus tax:

©2009 Marc Adler - All Rights Reserved.
All opinions here are personal, and have no relation to my employer.


Anonymous said...

How are these consequences unintended?

chris said...

US Invests In Banks via TARP/ TALF n' friends.

US Destroys investment's possibility of profitability by chasing away talent that can make the investment profitable.

People leave NYC and US in general to go to HK, Singapore, London, etc.

This must be the most unconstitutional, insane, misguided thing that has come out of all of this mess yet.