Hartford Courant:  State Should Tax Wall Street Windfall Bonuses, by Jeffrey Tebbs (J.D. 2010, Yale)& Ady Barkan (J.D. 2010, Yale):

We propose that Connecticut levy a windfall tax of 50% on the cash bonuses received by any executive working for a firm rescued by the federal bailout. To protect ordinary workers, the proposal could be limited to employees receiving total compensation in excess of $150,000. Understanding that a handful of "healthy" firms were pressured to accept federal funds, we would limit the tax to employees at firms that posted net losses for the second half of 2008. The message would be unmistakable: Connecticut will not allow a plan intended to rescue the financial system to be perverted into a giveaway to the wealthy financiers whose stunning recklessness created this catastrophe.