Ok, i was hoping not to make this a politcial platform for my views, since it’s not really helpful in business. I am much more liberal than most business men in the US. I believe in civil liberties, but i also believe in the free market. i believe that the only way a country can make socialism work is to run it as a business rather than burdening business. I tend to vote Democrat, i tend to laugh at Republicans as they rail on the socialists running the Democratic congress, etc.
Well this last week Congress, in a fairly bipartisan way, passed a law to set a tax rate of 90% on certain bonuses at companies receiving $5 billion or more in government aid. While i think this is counter productive and about 50% higher than any income earner should ever face, it’s totally legal and morally acceptable. What isn’t legal or morally correct is setting this tax retroactively to “get” the AIG bonus earners. This lynch mob mentality violates Article 1, Section 9 of the US constitution, which defines and empowers congress. It says:
No Bill of Attainder or ex post facto Law shall be passed.
People need to speak out against this abuse of power and violation of the constitution by the congress. The President should veto this law based on its unconstitutional nature.
Does Congress really believe we are a nation of laws or are we some sort of facist country where those in power rewrite the rules to enforce their political beliefs ahead of enforcing the nations laws.