It's just another tax.January 14 2010 at 2:00 PM
Response to Re: Whoa!!!
And you're right: consumers will end up paying for it.
In the unintended consequences department, if bankers' bonuses end up being reduced, both federal and state income tax revenues will likewise be reduced. That could be big in New York, a state with a massive deficit.
Plus the multiplier effect takes a hit. That is, the bankers would have spent a portion of their big bonuses on real estate, cars, etc.
- This is total insanity - Anonymous on Jan 14, 2:28 PM
- Let's not forget - Anonymous on Jan 14, 7:23 PM
- and lets also not forget - Anonymous on Jan 15, 6:06 AM