The Bank Tax Off Target

Just look at this chart from the Heritage Foundation and see how off this bank tax really is. It is punishing those who returned their bailout and exempting those who still owe money to the tax payers.



This tax really is awful and not exactly going after the right people. It was the banks and insurance companies that gave out bonuses yes, but it was the Fed that gave them the money in the first place. And in the AIG case, the Fed authorized the bonuses. So really they can complain about the banks, it's the government that started the mess and the government who owes the tax payers.