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Thread: House passes bill taxing AIG and other bonuses

  1. #11
    Educator BulletWounD's Avatar
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    Re: House passes bill taxing AIG and other bonuses

    Quote Originally Posted by Goobieman View Post
    They can't.
    It violates Article I, section 9:3 of the Constitution.
    They've been ****ting on the Constitution for over 50 years. You think they really give a crap?

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    Re: House passes bill taxing AIG and other bonuses

    Quote Originally Posted by BulletWounD View Post
    They've been ****ting on the Constitution for over 50 years. You think they really give a crap?
    The good news is that the majority in SCotUS are adults...

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    Re: House passes bill taxing AIG and other bonuses

    Quote Originally Posted by winston53660 View Post
    CNBC is reporting that Obama might veto it.
    I hope he does as it is clearly unconstitutional, and a dumb idea besides. After saying that he would do anything he could to recover the money, however, I don't know that he really can.

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    Re: House passes bill taxing AIG and other bonuses

    Quote Originally Posted by Goobieman View Post
    The good news is that the majority in SCotUS are adults...
    Yeah, so some time in the next 30 years we'll get to see their idiotic "law" struck down after spending millions of dollars to defend the government. Yay!

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    Re: House passes bill taxing AIG and other bonuses

    Quote Originally Posted by Kernel Sanders View Post
    I hope he does as it is clearly unconstitutional, and a dumb idea besides. After saying that he would do anything he could to recover the money, however, I don't know that he really can.
    Don't bet on it... Obama will never veto a bill because it is unconstitutional. You must be kidding! He would rather use the U.S. Constitution for toilet paper! What makes you think that he has any love for the Constitution... keep dreaming and one day you'll wake up in a country unlike anything you ever imagined... or cared to live in!
    Obama lied... Ambassador Stevens died!

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    Re: House passes bill taxing AIG and other bonuses

    If anyone can point to any precedent that shows that this bill would be unconstitutional due to the Bills of Attainder Clause, go ahead and share please. I'm curious.

    AFAICT they can tax who they want the way that they want.

  7. #17
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    Re: House passes bill taxing AIG and other bonuses

    Quote Originally Posted by Goobieman View Post
    House passes bill taxing AIG and other bonuses

    Hmm. Bill of attainder, anyone?
    Hopefully it never gets signed. These taxes are absurd. If they didn't wanted tax payer money going to AIG bonuses then they should have made it as one of the stipulations for receiving the bailouts. We don't let people buy beer with foodstamps(before someone uses the arguement that beer is not food, you can cook with beer),why should a bailout be any different?They ****ed up when they decided to bailout companies and they ****ed up even more by not adding the stipulation that if you want to pay out bonuses then you do so with your money not tax payer money. A million dollars is a ****load of money but it chump change compared to the bailouts and compared to the money they gave to foreign countries. These politicians whining over these bonuses are ****ing hypocrits and are merely exploiting the American people's anger over these bailouts by directing it at the bonuses.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

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    Re: House passes bill taxing AIG and other bonuses

    Quote Originally Posted by cascadian View Post
    If anyone can point to any precedent that shows that this bill would be unconstitutional due to the Bills of Attainder Clause, go ahead and share please. I'm curious.

    AFAICT they can tax who they want the way that they want.
    ConEd v. Pataki

    FindLaw | Cases and Codes

    (via volokh)

    Basically, the question turns on whether the tax is designed to be punitive. Under that formulation, it's clearly unconstitutional.

    On the other hand, Larry Tribe says there's probably a way it can be done.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: House passes bill taxing AIG and other bonuses

    Quote Originally Posted by RightinNYC View Post
    ConEd v. Pataki

    FindLaw | Cases and Codes

    (via volokh)

    Basically, the question turns on whether the tax is designed to be punitive. Under that formulation, it's clearly unconstitutional.

    On the other hand, Larry Tribe says there's probably a way it can be done.
    The fees collected by the lawyers who'll end up arguing the case will probably exceed the $160 million in bonus money anyway.

    It doesn't matter if the idiots in office prevail, or the execs at AIG prevail, we the tax payer are paying for it all whatever the outcome.
    Pain can be such a beautiful thing

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    Re: House passes bill taxing AIG and other bonuses

    That these big execs can give themselves these kind of bonuses at this point and time, with no concern for the common good, just goes to show that every civilization and society runs on a slave economy. The only people that can qualify for the name of citizen in our society are the rich. America is and was never about "main street". The phrase "Main street" itself is quite demeaning. The idea behind it is that we are not the same as our wealthy counterparts, we are just meat and potato folks, who are a little slow and are too stupid to run or at least fully understand things. I say, shame on Obama for getting suckered into using that phrase. The "main street" stuff just boils me over as much as the robberbarons that continue to bilk us. That people sent death threat letters to the execs at AIG, is just another more blatant indication of class warfare. It may seem like more but it is really the rise of a more primitive resentment.
    "The most radical revolutionary will become a conservative the day after the revolution."
    -Hannah Arendt

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