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landmark Inner circle within a triangle 5194 Posts |
Leftist Glenn Greenwald agreeing with right-wing Glenn Reynolds:
"To say that I've [Greenwald] had numerous disputes over the years with University of Tennessee Law School Professor Glenn Reynolds ("Instapundit") is a drastic understatement, but he has a column in USA Today with an intriguing proposal to stop - or at least slow - the "revolving door", whereby government officials go to private industry and enrich themselves by exploiting their government contacts: 'I propose putting a 50% surtax - or maybe it should be 75%, I'm open to discussion - on the post-government earnings of government officials. So if you work at a cabinet level job and make $196,700 a year, and you leave for a job that pays a million a year, you'll pay 50% of the difference - just over $400,000 - to the Treasury right off the top. So as not to be greedy, we'll limit it to your first five years of post-government earnings; after that, you'll just pay whatever standard income tax applies. 'This seems fair. After all, when it comes to your value as an ex-government official, it really is a case of 'you didn't build that.' Your value to a future employer comes from having held a taxpayer-funded position and from having wielded taxpayer-conferred power. Why shouldn't the taxpayers get a cut?' Given that this would have to be enacted by the very people who benefit most from this revolving door - members of Congress and their staffs - its value is more in highlighting the problem than solving it. But this revolving door is what enables corporatist control over government, and anything that can foster a bipartisan and trans-ideological solution should be welcomed."
Click here to get Gerald Deutsch's Perverse Magic: The First Sixteen Years
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mastermindreader 1949 - 2017 Seattle, WA 12586 Posts |
Interesting idea, although I do see some potential constitutional problems with it. (Taking without due process of law, for example.)
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