Bonus time is looming for Wall Street, and rumors are that a few firms on Wall Street are going to give out fat bonuses in December. The pundits are screaming for blood. The left is ticked off that Wall Street execs get bonuses the size of the GNP of a small Latin American nation. The libertarians are holding their tea party things and are suddenly cool about government interference in private industry. Everyone wants the government to put caps on the bonus money even on firms that have returned all their stimulus money with interest.

It is insane that some people receive outrageous salaries every year. But why pick on Wall Street? You know Derek Jeter made $21 million last year. Jay-Z made $35 million. I say instead of putting caps on Wall Street bonuses, which would affect the secretaries as much as the CEOs in these companies. Let them give out their bonuses and then jack up taxes on everyone, not just on Wall Street, who makes more than $200,000 per year. Wouldn't that be the most fair solution?