Plan to retrieve bonuses from non-U.S. citizens at AIG

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Wednesday March 18, 2009 · 9:40 AM PDT

2009/03/18 · 09:40

One of the issues that has been raised in regards to 100% taxing of bonuses paid to AIG employees is that many of them are not U.S. citizens and do not live in the U.S. They thus do not pay U.S. taxes.

I have a very simple suggestion for how to retrieve these bonuses. Such employees should be instructed that they should return their bonuses immediately, or (a) they will be immediately fired and (b) any visas they or any of their dependents have to the U.S. will be immediately revoked, and (c) neither they nor any of their dependents will ever again be granted visas to the United States.

Sorry for such a short diary. I just thought this was an important idea to float because I hadn't seen any plan yet on how to retrieve bonuses paid out to those who don't pay U.S. taxes.

UPDATE: This is not based on any anti-foreigner sentiment. I am not supportive of "Buy American" plans or other such restrictions on stimulus money. I also think that bonuses should be retrieved from U.S. citizens through 100% taxation. This is just an alternate means to retrieve bonuses from those who are beyond the reach of U.S. taxation. I also agree with comments made that this is not the single most important issue, and that there are bigger fish to fry. However, if the Obama administration does not show that it is responding appropriately to popular anger over this, any support for its efforts to revive the economy may suffer.

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