A Reason for Outrage

By on May 1, 2009

Paul Azzopardi, in an article posted at Seeking Alpha, argues why dividends should not be taxed. Azzopardi quotes Gary Shilling’s March INSIGHT newsletter which stated the following: from 2002 to 2008, the five largest Wall Street firms paid $190 billion in bonuses while earning $76 billion in profits. Last year, they had a combined net loss of $25 billion, but paid bonuses of $26 billion.

Bailing out these scoundrels seems very wrong.



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