Tuesday, September 30, 2008
Response: Bail Out!!
Although i believe in the laissez faire approach, i think governement needs to take action in some way shape or form. I like the idea of limiting the amounts that CEO's walk away with. i have heard rumors about individuals providing ideas like, maybe instead of the tax payers flipping the bill for this bail out, that maybe corporations should front the money and this could provide future tax relief (Writeoffs as well). i think provisions like these are a good idea any way, im suprised it took this long to have anyone say something.
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2 comments:
Bail out! I agree it would be nice if for once the solution wasn't more taxes. However the alternatives seem to require more thought, or regulations on CEOs. People always want a quick fix to problems such as pulling their money out of stocks. ( not that i blame them) The problem is like the CEOs everyone thinks about themselves. We need a solution!
I'm sick of seeing irresponsible CEO's scramble to profit from their poor business decisions via the taxpayer's money. If they could run a business efficiently without dated contracts which need to be revised...then I think it's safe to say they wouldn't now be feeding from the gov't trough.
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