Comments on: Welch: Fighting for The American Dream http://www.welchforpa.com/2010/01/welch-fighting-for-the-american-dream/ Bring accountability to Government spending Mon, 22 Feb 2010 16:30:42 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Charles http://www.welchforpa.com/2010/01/welch-fighting-for-the-american-dream/comment-page-1/#comment-75 Charles Mon, 25 Jan 2010 00:36:32 +0000 http://www.welchforpa.com/?p=480#comment-75 Should government legislate employee bonuses? Suppose those bonuses are paid at the cost of taxpayers and the nation's economic viability? Too big to fail is a dangerous precident and needs to be remedied. Can our government dismantle or regulate these companies? This is where we seem to be today. I wonder how a couple of surgical measures would do? 1. If a company does layoffs bonuses are not be permitted. 2. Once a company reaches a certain threshold (revenue, market cap) analysts to determine if collapse would have catastrophic impact on our economy. In the case it is the company shall be required to hold a war-chest of cash which acts as its safety net in the event of catastrophy. The size of the war-chest will be determined by analysts and the company would be required to build the war-chest within 12 months time, reported in regular filings. Companies not showing war-chest building activity would be taxed by the government until the war-chest is collected. Its kind of like running a household. You don't get a big Christmas if someone lost their job and you build your rainy day fund for that rainy day. Should government legislate employee bonuses? Suppose those bonuses are paid at the cost of taxpayers and the nation's economic viability?
Too big to fail is a dangerous precident and needs to be remedied. Can our government dismantle or regulate these companies?
This is where we seem to be today. I wonder how a couple of surgical measures would do?

1. If a company does layoffs bonuses are not be permitted.

2. Once a company reaches a certain threshold (revenue, market cap) analysts to determine if collapse would have catastrophic impact on our economy. In the case it is the company shall be required to hold a war-chest of cash which acts as its safety net in the event of catastrophy. The size of the war-chest will be determined by analysts and the company would be required to build the war-chest within 12 months time, reported in regular filings. Companies not showing war-chest building activity would be taxed by the government until the war-chest is collected.

Its kind of like running a household. You don't get a big Christmas if someone lost their job and you build your rainy day fund for that rainy day.

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