Karl Denninger rips The Washington Post's defense of Goldman Sachs (NYSE:GS): "I know nobody...

Karl Denninger rips The Washington Post's defense of Goldman Sachs (NYSE:GS): "I know nobody that objects to making a profit. I know a lot of people who object to theft."

Comments

[Poor Texan]

Great idea. Never happen. And even if it does, the congress will create loopholes for their friends. Rich people are able to shelter income in ways closed to the ordinary American.

On Jul 20 03:24 PM frosty wrote:

Congress should pass a law taxing bank bonuses 100% for the next 5 years. In this way the taxpayers, who provided the capital for current and future bank profits, will get the bonuses we so richly deserve. Congress should also level the playing field with deferred income for executives limiting it to the IRA/401K maximums the rest of us have to live with. Anything over that, no matter when it is paid out, is current income taxed at current rates. This is one more way the wealthy are able to shift the current tax burden to the rest of us.

[HiSpeed]

GS, return to the taxpayers the $13 Billion that you stole from us via AIG's bailout and we'll call it even!

[Illusional Delusion]

I beg to differ. They should instead have a progressive tax bucket for bonuses separately. Regular people do get bonuses for real work too...

On Jul 20 03:24 PM frosty wrote:

> Congress should pass a law taxing bank bonuses 100% for the

[frosty]

Congress should pass a law taxing bank bonuses 100% for the next 5 years. In this way the taxpayers, who provided the capital for current and future bank profits, will get the bonuses we so richly deserve. Congress should also level the playing field with deferred income for executives limiting it to the IRA/401K maximums the rest of us have to live with. Anything over that, no matter when it is paid out, is current income taxed at current rates. This is one more way the wealthy are able to shift the current tax burden to the rest of us.

[Illusional Delusion]

Go Karl!

[Archman Investor]

I just finished reading KD's article.
Wow. Bravo. Just straight forward talk. Loved it.

If only the friggin, moronic, stupid, lazy, entitled, American people could tear themselves away from their latest reality TV show, entertainment tonight programs, or stop playing with their I-phones in their attempts to "look" important, rather they actually being important, they would realize just how far gone their country is and how they are all just one step away from complete and utter slavery at the hands of an elitist few.

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[PCScipio]

Good Ticker, KD.