We do not tax enough on those extremely wealthy.

Although the Treasury Department has barred GM from paying severance to Wagoner or any other senior executive, Wagoner is eligible to collect millions in retirement benefits from his former employer, according to the documents reviewed by ABC News.

Under Wagoner's leadership, GM lost tens of billions of dollars, took billions in taxpayer-financed aid, and announced plans to cut 47,000 employees by the end of 2009.

Those executive compensations may cause another public scrutiny. However, somehow those public scrutiny ends up wringling the upper middle class people rather than those who are the frost on the cake. The good example is to raise tax on earned income more than 250K. Those who make just over $250K are not vacationing on the yatch with champagne and hanging out with the former presidents and celebrities. Those are working round the clock days and nights sacrificing their family time and the entitled vacation. People we think rich do not have to earn the income but they sit on the inheritance and investment particularly tax free municipal bonds (Do you know how much Ruth Madoff have in the municipal bonds? Supposedly $45 million).

Some peopole argue for the incentives for those wealthy to invest in the government bonds. However, even if it tax a bit, as long as it does not tax as much on other inverstment. Those greedy rich will invest in the government bond. Maybe we can raise tax on those non government investment return on those extremely wealthy. Let's say people who makes millions or with the asset of multi-millions.