There are about 140 million individual US taxpayers in the US (despite a population of 300+ million). The non-taxpayers are exempt for one reason or another. So all of us taxpayers are now theoretically equity owners of American Insurance Group, Fannie & Freddie. The $85 billion dollar 'cash injection' into AIG works out to be $607 per taxpayer.
So here's my rhetorical question - in a few years when things calm down, and these companies are broken up and re-privatized, do you think I'll get 10 common stock shares (and the accompanying dividend stream) worth $60 from the new CEO of AIG?
Me neither. But he'll get a $10 million signing bonus.
Everything need to pop and revalue rather than this slow death march to the same inevitable conclusion.
Showing posts with label taxpayers unite. Show all posts
Showing posts with label taxpayers unite. Show all posts
Wednesday, September 17, 2008
Subscribe to:
Posts (Atom)