Tax the shit out of the bailed out banks.

[Duncan]

For any bank that is "bailed out" they ought to tax any corporate profits at 100% until 100% of any losses from the toxic assets are recouped, and until 100% of the straight-up gifts are returned.

That is my thought for the day.

[leveymg]

1. I'd be happy if they went after the bankers and stock manipulators who ripped them off.

[lib2DaBone]

2. That's a great idea.. payback

I would like to Payback INDYMAC BANK for the 2 years of hell they put me through. I have never dealt with a bigger bunch of PRICKS in my life. I finally sold the house and they got every last penny. I hope they burn in hell.

[Selatius]

3. FDR raised taxed on the top 1 percent up to around 90 percent...during the Great Depression.

He totally ignored any arguments that he was strangling the economy by taxing rich people because he knew it was a load of horseshit. The tax revenue was then recycled back into the economy in the form of public works programs that attempted to put people back to work building bridges, dams, etc. He figured if workers have money in their pockets, they'd buy more products/services, which would lead to producers hiring more workers to cover the increased demand.

I swear it, if FDR came back, he would have restarted the WPA to rebuild areas of the country ravaged by depression and natural disasters be it states like Michigan or states wrecked by hurricanes like coastal Mississippi/Louisiana/Texas. Billions would've been spent. Tens of thousands to several hundreds of thousands would've been put to work rebuilding it all. Millions more would be put to work building bullet train lines as alternatives to interstate travel and put to work building solar panels and wind turbines.

[Warpy]

4. What good will that do?

After all, the bailout is to keep them from going bankrupt. If you levy high taxes on them, you'll drive them to the very thing you were trying to prevent.

I want to see surtaxes on high salaries and corporate profits. This is what Sanders suggested and it's a great suggestion. Tax the people who drove this lunacy and grabbed everything while wealth was being concentrated. Make them pay for the mess they essentially caused.

[Duncan]

5. I see your point.

That is why I'm thinking tax "any profit". If they are making any profit, they are not going under. CEO's of these banks should be taxed 100% of their salary less the amount their janitors are payed.