Monday, March 23, 2009

Stench of rage

There is a certain moral undertone to being a libertarian. "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness." Libertarians believe in inalienable rights for all men. When you defend your property rights, you aren't being a libertarian. When you defend the property rights of other people, then you are being a libertarian.

The recent plan to tax the bonus money for financial services workers at 90% (leaving 10% for the State of New York) is an outrage. I don't know any workers at AIG or any of the large banks that took the TARP money and if I met them I probably wouldn't like them. But I smell property right being trampled by the government and the stench turns my stomach. I can understand that the Illiterates (AKA Democrats) started the plan but it sounds like the Freeloaders are not objecting to this ludicrous idea (at least not so anyone can hear them.)

Senator Grassley went so far as to say that the AIG workers should commit suicide. I say Senator Grassley should lead by example. Who was the Chairman of the Senate Finance Committee in 2005 and 2006 when most of these CDS were sold? Senator Grassley.