In case anyone missed it, go to trash talk, junkscience.com, demon tobacco and read about the proposed 200% tax on trial lawyer fees. Apply "the same rule?" What is this? No one is above the law? Equal justice for all? This is outrageous!!!
"Wow" is right, Hollis! I'd just love it if this proposal goes through and takes some of the obscene wealth from the opportunistic anti-tobacco tort lawyers. Heh-heh.
What a nice find, Hollis. Sure enough it looks like Bush is on to something.
Bush is prepared to apply to the lawyers the same rule that applies to pension-fund trustees and foundation executives: If their fees are so high as to violate fiduciary duties, they have to either give back the excess or pay $2 in tax for every excess dollar they get.
I dont know exactly what that means except that the greedy lawyers who so gleefully picked our pockets could end up getting a lot less than they bargained for.
Like instead of $200,000 an hour the poor anti-tobacco lawyers will have to settle for $3,000 an hour. I suppose for them, thats a low blow, only $3,000 an hour. Sheesh. I cant believe that something so deplorable was allowed to happen in the first place.
RWJ Foundation research is really impressive. While skimming a magazine, an article stated that Johnson & Johnson has the best public image of any company.
I noticed that some of the organizations seem to be advocacy organizations. Does this or should this affect the RWJF's taxation?
More hopeful news, the U.S. Chamber of Commerce is also investigating the obscene legal fees. They've filed Freedom of Information requests in 21 states.
