That’s the way to do it

From the New York Times:

The House overwhelmingly approved on Thursday a near total tax on bonuses paid this year to employees of the American International Group and other firms that have accepted large amounts of federal bailout funds, rattling Wall Street as lawmakers rushed to respond to populist anger.

90% tax in the US? Amazing.

Sanctions work.

Sanctions can be created.

They will change behaviour.

Let’s use them.