cabanker

Regulating Compensation: Where Does It Stop?

The "AIG Tax" bill which passed the House is a "very" slippery slope. Where does it end? The auto manufacturers took TARP funds are their employees included? How about the banks that took under $5 billion, why not tax their executives as well? What about "any and all" employees of GE subsidiaries (NBC, CNBC, GE Capital...etc)? Shouldn't we also look at employees of all companies with government contracts? Boeing, McDonald Douglas...etc.?
Trying to manage this through the tax code does not seem very strategic with the cure worse than the disease.