View Poll Results: Should the government tax bonuses paid to executives of bailed-out companies?

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    10 38.46%
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    16 61.54%
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Thread: Executive Bonuses Taxed?

  1. #21
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    Re: Executive Bonuses Taxed?

    Quote Originally Posted by SouthernDemocrat View Post
    Property is property. Regardless of whether its land, a railroad, or a bank. In the end, when the government temporarily nationalizes a company, they are putting property to public use.
    How is making a purchase of land then selling giving it to people "nationalizing"


    There is no point in arguing this further as the courts have consistently sided with my argument on this issue, and we have a long history of doing so as I have pointed out in prior posts.

    If you don't want the government to be able to temporarily nationalize companies when its in the national interest, then you need to convince enough people to get a constitutional amendment that restricts the governments ability to do so.



    you have some examples from WWII and so. Still does not make it a function or proper role of the USG.


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  2. #22
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    Re: Executive Bonuses Taxed?

    Quote Originally Posted by Reverend_Hellh0und View Post
    How is making a purchase of land then selling giving it to people "nationalizing"
    How is purchasing property (land), then reselling it in the future any different than purchasing property (a company), then reselling it in the future?

    Moreover, we have purchased large amounts of land and held it in the public trust.


    you have some examples from WWII and so. Still does not make it a function or proper role of the USG.
    World War I as well, and land purchases going back to our founding.

    United States

    1917: All U.S. railroads were nationalized as the Railroad Administration during World War I as a wartime measure, but were returned to their private owners almost immediately after the war.

    1939: Organization of the Tennessee Valley Authority entailed the nationalization of the facilities of the former Tennessee Electric Power Company.

    1971: The National Railroad Passenger Corporation (Amtrak) is a government-owned corporation created in 1971 for the express purpose of relieving American railroads of their legal obligation to provide inter-city passenger rail service. The (primarily) freight railroads had petitioned to abandon passenger service repeatedly in the decades leading up to Amtrak's formation.

    1976: The Consolidated Rail Corporation (Conrail), another government corporation, was created to take over the operations of six bankrupt rail lines operating primarily in the Northeast; Conrail was privatized in 1987. Initial plans for Conrail would have made it a truly nationalized system like that during World War I, but an alternate proposal by the Association of American Railroads won out.

    1980s: Resolution Trust Corporation seized control of hundreds of failed S&L.

    2001: In response to the September 11 attacks, the then-private airport security industry was nationalized and put under the authority of the Transportation Security Administration.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

  3. #23
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    Re: Executive Bonuses Taxed?

    They better not nationalize it, I just bought a bunch of stock in it the other day. Those bastards.

    As for the taxed bonuses... **** that. We shouldn't have bailed them out to begin with, but to tax contractual bonuses is just flat out wrong. No, I don't think they should be getting bonuses with bailout money, but it IS in their contracts to receive them. So, c'est la vie.

  4. #24
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    Re: Executive Bonuses Taxed?

    Quote Originally Posted by rivrrat View Post
    They better not nationalize it, I just bought a bunch of stock in it the other day. Those bastards.

    As for the taxed bonuses... **** that. We shouldn't have bailed them out to begin with, but to tax contractual bonuses is just flat out wrong. No, I don't think they should be getting bonuses with bailout money, but it IS in their contracts to receive them. So, c'est la vie.



    I been buying and selling this crap for a week.


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  5. #25
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    Re: Executive Bonuses Taxed?

    Quote Originally Posted by SouthernDemocrat View Post
    1917: All U.S. railroads were nationalized as the Railroad Administration during World War I as a wartime measure, but were returned to their private owners almost immediately after the war.
    That's interesting. Were the commercial rail owners smart enough to know how stupid it was to enter WWI, but not smart enough to know that they'd make a massive profit shipping all that freight...or is it just that the government wanted to play at war without buying a full price ticket? Perhaps the government was afraid the railroad tycoons wouldn't let the government play with their trains? Not likely. The Wilson Administration was just consumed with power lust.

    Quote Originally Posted by SouthernDemocrat View Post
    1939: Organization of the Tennessee Valley Authority entailed the nationalization of the facilities of the former Tennessee Electric Power Company.
    Doesn't fit your example. This property was a straight eminent domain takeover and was not returned to it's former owners.

    Quote Originally Posted by SouthernDemocrat View Post
    1971: The National Railroad Passenger Corporation (Amtrak) is a government-owned corporation created in 1971 for the express purpose of relieving American railroads of their legal obligation to provide inter-city passenger rail service. The (primarily) freight railroads had petitioned to abandon passenger service repeatedly in the decades leading up to Amtrak's formation.
    The correct way to terminate the freight rail companies' legal obligation to provide passenger rail service was to write a law terminating that obligation. If a passenger rail service between any two cities is not commercially viable, then that service should be terminated. People who do not wish to ride the train from Delaware to Washington DC should not be forced to subsidize those who do, like Joe Biden.

    Quote Originally Posted by SouthernDemocrat View Post
    1976: The Consolidated Rail Corporation (Conrail), another government corporation, was created to take over the operations of six bankrupt rail lines operating primarily in the Northeast; Conrail was privatized in 1987. Initial plans for Conrail would have made it a truly nationalized system like that during World War I, but an alternate proposal by the Association of American Railroads won out.
    Again, it's not the government's job to run choo-choo trains. If a freight rail line fails, then it's into the bankruptcy courts. There are these things called "trucks", and private companies run whole fleets of them to service people who don't have a rail road running to their back door.

    Quote Originally Posted by SouthernDemocrat View Post
    1980s: Resolution Trust Corporation seized control of hundreds of failed S&L.
    Shouldn't have happened. Ballooned the deficit, set the stage for today's Monster Useless Bills.

    Quote Originally Posted by SouthernDemocrat View Post
    2001: In response to the September 11 attacks, the then-private airport security industry was nationalized and put under the authority of the Transportation Security Administration.
    And isn't that an amazing example of efficiency?

    Not one example you list showed the government taking the proper and constitutional course of action. Clearly whatever the government's doing today along those lines, it's doing it wrong.

  6. #26
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    Re: Executive Bonuses Taxed?

    Quote Originally Posted by Reverend_Hellh0und View Post
    I been buying and selling this crap for a week.
    **** yeah. The bottom dropped out and I went, 'buy buy buy'!!! Citibank, AIG, and a couple others. Put in what I could, even sold other stock at a loss to free up the funds.

    Only thing that could really screw me over would be if they nationalize it. I presume, anyway, that would mean it was no long a publicly traded company.

  7. #27
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    Re: Executive Bonuses Taxed?

    Quote Originally Posted by rivrrat View Post
    **** yeah. The bottom dropped out and I went, 'buy buy buy'!!! Citibank, AIG, and a couple others. Put in what I could, even sold other stock at a loss to free up the funds.

    Only thing that could really screw me over would be if they nationalize it. I presume, anyway, that would mean it was no long a publicly traded company.



    I bought AIG at .50

    GM at 1

    Ford at 1.5


    Sold em all for at least double, and rebuying with the proceeds....



    I dunno though about being a traded still. I would think it would.


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    Think not that I am come to send peace on earth: I came not to send peace, but a sword.

  8. #28
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    Re: Executive Bonuses Taxed?

    Quote Originally Posted by Reverend_Hellh0und View Post
    I bought AIG at .50

    GM at 1

    Ford at 1.5


    Sold em all for at least double, and rebuying with the proceeds....



    I dunno though about being a traded still. I would think it would.
    I got AIG at .80, and Citi at 2.0. Bought a crapload in a penny stock too. Hell, if it goes up to a $1, I'll make a damn bundle. I was considering selling and rebuying with the current proceeds, but they charge me like $20 for each transaction, those bastards.

  9. #29
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    Re: Executive Bonuses Taxed?

    Quote Originally Posted by rivrrat View Post
    I got AIG at .80, and Citi at 2.0. Bought a crapload in a penny stock too. Hell, if it goes up to a $1, I'll make a damn bundle. I was considering selling and rebuying with the current proceeds, but they charge me like $20 for each transaction, those bastards.



    i get charged like 10 bucks..... TDAmeritrade.
    Last edited by ReverendHellh0und; 03-18-09 at 11:47 AM.


    Matthew 10:34
    Think not that I am come to send peace on earth: I came not to send peace, but a sword.

  10. #30
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    Re: Executive Bonuses Taxed?

    Quote Originally Posted by Reverend_Hellh0und View Post
    i get charged like 10 bucks..... TDAmeritrade.
    Bah... I've been trading on my IRA account. I may throw some money into my etrade account though. Trying to convince my BF to toss some money in too. Hell, it would have doubled at this point. And triple, quadruple, etc soon enough.

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