Ways to pay for "capitalist welfare" you WON'T hear from the investor class.

[TahitiNut]

Facing a welfare tab in the HUNDREDS of BILLIONS - some say up to TWO TRILLION - you won't hear the 'leadership' promulgate

• a national sales tax of 1-2% on the sale or exchange of corporate stock EXCEPT for IPOs,
• a short-term (under 1 year) capital gains tax surcharge of 10-20%,
• an export tax/tariff on capital,
• a change to GAAP/FASB and tax law that requires executive compensation to be an AFTER-TAX expense,
• any prohibition on corporations owning corporations.

Gee... I wonder why?
:eyes:

[TahitiNut]

1. (sigh)

:eyes:

[Toucano]

2. As always, you make too much sense.

The impact of even ONE of these would be enormous.

Don't stop. Someone is listening.

[JackRiddler]

3. I'm with you, mad one!

[Orsino]

4. If only there were some other way.

Some (Iraq War) way we haven't (Iraq War) thought of yet(Iraq War).

[REACTIVATED IN CT]

10. Since we borrowed the funds to run that little debaucle, we'll

be paying it off for years.

[ColbertWatcher]

5. Kick and rec for more exposure! n/t

[vanderBeth]

6. Is it difficult always being right?

You're right. We won't hear this. x(

[TahitiNut]

11. Cassandra was my grandmother.

:silly:

[nadinbrzezinski]

22. We must be very close family then

:-)

and a few more DU'ers who've been screaming this from the rooftops for what now? Five years, three years? long time anyway

[Greyhound]

7. K & R. Depressingly accurate.

BOHICA

:kick: & R

[Selatius]

8. Because in the US, the government is run by corporations. We call this "democracy."

We don't know what a democracy would really look like. A government where the people have the biggest say is called a communist dictatorship regardless if the elections are free and fair.

[TahitiNut]

12. Can't have the "great unwashed" getting uppity, now, can we?

Everyone knows that the OWNERS are God's Anointed ... deserving of all privilege.
:eyes:

[WhoIsNumberNone]

9. What? Tax the billionaires who caused this mess?

You're crazy! The only way we'll get out of this is by giving rich people more spending money which they will use to creat jobs and stimulate the economy!
Signed
GWB

[PsN2Wind]

13. But first!!!

We need a committee. (sarcasm). And of course it will have to include those with a lot of Wall Street experience. We can be certain they will consider suggestions such as yours before deciding that taxes on investment would cause economic turmoil.

[TahitiNut]

14. "Committee"? Oh, I thought someone said he should be committed. I was in agreement.

Cheney, Bush, McCain, Gonzales, Loo, Rove, and many others ... committed to an institution for the criminally insane.

[PsN2Wind]

26. Not committed, Mike

Incarcerated. Committing would imply that they know not what they do.

[Motown_Johnny]

15. Capital Gains is now a must.. how can you bail out capital losses and not tax capital gains???

[TahitiNut]

17. Focus on the short-term gains ... speculators ... Wall Street Roulette.

Tax them at the top marginal rate for income from one's own LABOR. Include the exercise and sale of ISOs (Incentive Stock options) in that, for sure.

These are NOT people who have ANY interest whatsoever in capitalizing the underlying business. These are people who solely play the market for Greater Fools and insider information.

Oh ... and that national sales tax on sale/exchange of corporate stock? A 1% sales tax would yield over $250 BILLION each year ... probably closer to $500 billion. (If brokers can charge commissions the WE can charge a tax.) After all, the sales tax on a pair of shoes is at LEAST 4% ... so why not a sales tax on the WHOLE FUCKING SHOE BUSINESS?

[readmoreoften]

16. There is only one source of wealth. Us. The people who make stuff, invent stuff, do stuff.

If the rich take the money from the rich how could they stay rich? They don't produce anything, they just fiddle and shift the numbers into their accounts.

[lonestarnot]

18. TN! You should be locked up!

You are too fucking logical! :evilgrin:

[KoKo]

19. Interesting Read...K&R!

[Odin2005]

20. Tax the shit out of them. n/t.

[Kansas Wyatt]

24. I 2nd That!

Burn their asses for all the ill-gotten gains they have made, that led to this legalized theft. Republicans are always whining about going back to the 1950s... Well let's roll the tax code back to 1950s rates, so they can get exactly what they want.

Time for Republicans to put up or shut up, and it's sure as hell time for the wealthy elite to pull themselves up by the bootstraps and pay for their damn mess.

If anyone wealthy wants to whine and cry about class warfare... Fuck'em, they started the damn war and they brought the reckoning on themselves. Where were all their cries and whines when the middle class was being destroyed by them? Living the life of luxury on the backs of real working people and laughing all the way, that's where.

[nadinbrzezinski]

21. I'll add two points to yours, which are excellent

Repeal of corporate personhood

Return to taxes on the 1% to where JFK had them, that is 70%

Oh one more...

Return to tariffs and reiindustrialize the country (aka good bye to cafta, nafta, et al)

[lonestarnot]

25. I likes me some of that too!

:hi:

[gravity]

23. This is a knee jerk reaction to the crisis

Some of your ideas are already implemented, like the short term capital gains taxes are already 20% more than long term. You are already taxed on selling stock, if you make a profit, so adding a sales tax is unnecessary unless you want to tax people for losing money.

All you need to do is raise the upper income bracket tax rate until the government can balance the budget.