This is wrong. It is meant to demonize the so-called “rich”. GDP will suffer as productivity will decrease as incentives for higher pay make it almost not worth working harder as pay will be taxed disproportionately. The executives at AIG and other companies (I hope that it also applies to Fannie and Freddie but somehow expect they are not included here with loopholes written into the bill) were paid to stick with the company in “retention” payments not incentive bonuses.
Guess what is going to happen now that this bill has passed? Those folks who have fought hard to keep AIG running somewhat smoothly in difficult times will pick up and go, quickly, leaving AIG in peril even more.