Friday, February 18, 2011

Capital Idea

AITOOW thinks that budget conscious Governors and State Legislatures should just raise taxes on public sector employees to a level that reduces their life time take home pay to the level we need them to be at? Why negotiate with unions and hire bean counters to develop complex strategies to tackle the problem? Just do to them what they want to do to the oil companies, investors and hedge funds. Penalize them for making money. Call it a Capital Losses Tax. Tax their take home pay and tax their pensions at different levels than the private sector. The Demogoges I mean Crats would have to vote for it. It's a tax!

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