To solve budget problems, raise taxes on the rich and the corporations.

[Octafish]

From serially reduced income taxes and capital gains taxes, they've enjoyed a historic windfall of SuperMidas proportions from Reaganomic Trickle Down for 32 years now. It's way past time for them to start paying their fair share, let alone carrying the load of rebuilding the economy and solving America's problems.



What amazes me is how alien this concept of taxing the well-off for the good of the country has become in Washington -- on both sides of the aisle.

[truebluegreen]

1. Does seem obvious. After all, our troubles and galloping growth in inequality started

when we stopped taxing the wealthy and corporations.

[Octafish]

2. Republican Shrine of Swine documents the greedheads...

http://republicanswine.com/shrine-of-swine/

[Deep13]

3. Also, increase the tax base with massive Federal spending. nt

[Octafish]

4. Agree. We need the New New Deal.

From the Roosevelt Institute:

http://www.nextnewdeal.net/

[Octafish]

5. Kick for the Solution to America's problems.

And tax the heck out of those who've benefitted the most: The 1-percent of 1-percent and the corporations they own.

Wealth, Income, and Power

[Zorra]

6. Well, that would be the logical, reasonable, common sense thing to do.

So we might as well forget about this 1% controlled Congress ever doing anything even remotely like it.

[Octafish]

9. It's perfectly clear who their constituents are.

"Buy Partisanship" is a good investment.

[PETRUS]

7. Octafish, are you familiar with "modern monetary theory"?

What do you think of this article, for example?

[Octafish]

8. That article is oustanding! I had no idea...

...of how the two sides operate. Giving the process a basis for rational analysis makes the game visible and understandable. We the People have been getting the shaft from the BFEE Banksters and their toadies in Washington too long. The panic is setting in as they see the world is on to their crimes and treason.

The first reality, then, which the cooperative gene must acknowledge is that it is never going to persuade the competitive gene to cooperate towards the equitable creation of collective goods. The only strategy available, it seems, is for the cooperative gene to persuade itself that money is neither a commodity, nor is it scarce—that the narrative hammered out by the competitive gene is, at its very roots, a false and self-serving belief system that puts collective society itself at risk.

Thanks for the heads-up, PETRUS. I knew of NEP, Black, Galbraith, et al., but had no idea of the meaning of modern monetary policy. The article is one of the best explanations of anything I've ever read.

[PETRUS]

10. I'm so pleased you found it worth your while.

It should be obvious that money is an abstraction and what really matters are resources (brains, brawn, raw materials) but I think people rarely stop to consider the ramifications.