Ideas

Britain has an idea... levy a one-time tax on banker bonuses...

Banks will be charged a 50 percent tax on 2009 bonuses of more than £25,000, or $40,800. It will be imposed on the pool of bonuses paid by a bank, rather than individual payments, and it will be paid by the bank — not by the recipient of the bonus. It will take effect immediately and will affect banks’ 2009 profits.

The powerful banking lobby in Washington will prevent our legislators from even thinking about such a thing... By the way, the Guardian says that when in America, if you wish to describe something as bad, you can just call it 'European'...