|Many bankers and Wall Streeters aren't happy about the high taxes and limits on executive bonuses being imposed on firms that have taken TARP money. Reason - they say that it will make highly talented people leave their firms! The questions that should be asked is:
- If these guys were so talented, how come their firms ended up needing TARP money?
- If these executives leave their current job, who will hire these so called "talented people"? If these talented people show the "same acumen" and "briliance" as they showed at their previous firms, then it's quite possible that their new employers could very well end up on looking to TARP money to bail them out.
If these executives hate the high taxes and limits on bonus, they should do the simple thing - return the taxpayers money back to the government. They are free to do anything with their own money. Just a thought.
WeeklyWorldNews: Taxing AIG Bonuses
CNN.com: Obama tries to stop AIG bonuses: 'How do they justify this outrage?'
WSJ.com: Treasury Will Make Grab to Recoup Bonus Funds
Labels: investing, investment, salary, taxes