Bonuses

Millions of peaches for me, Millions of Peaches for Free, maybe the band Presidents of the United States had it right in their  song Peaches.

WE hear over and over that companies that have received bailouts or that are in the midst of a restructuring, or are going bankrupt are still paying out bonuses. Don’t get me wrong, if you are doing a great job and the company is flourishing that sure you deserve a bonus. But if the company is loosing money, investor are loosing money, and its obvious that you haven’t been doing the greatest job. What right do you have to get a bonus.

-This is starting to get absorb

If I was a U.S. citizen and my tax dollars were going instead of saving a company from going under but to pad the pockets of individuals that may have been the cause of the economic turn down I would be thinking it is time for a country wide strike.

Bonuses in the millions are being handed out like candy and this seems to be okay. Think about it, the average household income in the States was between $30,000 and $64,200 in 2007. Lets even take the highest number, for every million dollars in bonuses that would have been 15.6 jobs saved. Now take AIG who gave out $165,000,000 in bonuses that could have been 2574 jobs saved. I am happy that those bonuses are now going to be taxed at 90%, though it still means that people are getting bonuses that really shouldn’t be getting them right now.