I get the outrage over the AIG bonuses. But it makes me very queasy to see Congress decide over the course of just a few days to pass a massive tax against a tiny, targeted group of people, for no other reason than they can claim popular support for it. Talk about an invitation to future abuse of power.
If this goes through, who is the next group to suddenly find that 70% of their compensation is going to be yanked away? You’re kidding yourself to think it will be a one-time event if this precedent gets established.
