Ron Paul, U.S. Representative from Texas had this to say about the 90% tax imposed on AIG bonus monies this afternoon…

http://www.youtube.com/watch?v=sKiJh-BOLd0&feature=player_embedded

Can someone remind me why my money was given to AIG? Oh. Too big to fail, huh? Interesting. Whatever happened to, “The bigger they are, the harder they fall?”

Concerning why the tax was set to 90%, one congressman had to say, (in loose wording)

We figured the local and state taxes would take care of the other ten percent.

Which brings up a very interesting question. What happens when taxes add up to over 100%?

Well… not just an Auto bailout… but ANY bailout.

If you believe, like I think that most people do, that the government should be limited in it’s power and authority, at what point do we all agree that the government has pushed the limits or disregarded them altogether? Not that it matters what you believe, since we have a system that provides the ability to nationalize our auto, mortgage, banking, insurance, and any other industry.