Saturday, January 11, 2014

The free market at the legislature

The extent to which the wealthy can get legislation written to suit their purposes is scary. Fortunately, they can't yet get legislation passed as easily.

In the case at hand, a wealthy divorced Wisconsin businessman felt the $15,000 per month he was paying as child support out of his $1.2 million annual income (and $30 million in assets) was too much, so he got his bought friendly Wisconsin state legislator to introduce a bill, which among other things, would limit the income that can be considered for child support to $150,000 per year; that would revisit all child support settlements that are 10% above the new requirement; and would prohibit judges from "from taking into account a parent’s assets in determining the level of child support".

(via dailykos)