12 April 2011

Tax The Rich!!

Well, tax those who, after they leave government service, parlay their time into influence-peddling, get-rich-quick schemes helping big corporations and NPOs manipulate the levers of government power for their own good. If we want to break the government/corporate/non-profit revolving door in Washington - which is breaking our financial backs - we need to take the profit out of it.

To that end, Glenn Reynolds has a modest proposal that I think just might work:
A 50% surtax on anything earned within five years after leaving the federal government, above whatever the federal salary was. Leave a $150K job at the White House, take a $1M job with Goldman, Sachs, pay a $425K surtax.
Personally, I'd go 75% for the first five years, and 50% on the next five years.

3 comments:

Just Me said...

I like it!

deck said...

50% is not a bad option but RS, I like yours better. If they really get obnoxious about it give them a few years in Leavenworth to think about it because what they do is a crime.

Anonymous said...

Where do I sign?
Jackie