Thursday, March 19, 2009

Conventional wisdom moderate that I am, I was at first opposed to a 90 percent tax on bonuses paid to the employees of AIG and other bailout recipients.

But such levels of taxation could lead to the first real-life, real-time experiment which would settle a great debate of modern times. Disgruntled derivative traders and credit-default swappers and hedge fund managers left to survive on their salaries alone could take a hike and deprive society of their inestimable services until we parasites beg them to come back. And, in the meantime, we could muddle along as less talented schmucks fill the job slots of those who Go Galt.

In any event, it's time for libertarians to stop fondling their own shit or get off the pot. Surely you heroes aren't Ross Douchehats -- all talk and no action.

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