Texas
March 18th, 2011
12:40 am
It is surprising that effort equal to what was exerted for saving bankers and their bonus life-styles has not been applied to the problems of the un-employed.
It is disappointing our version of capitalists is now so globalized that they ignore what is around them - the wasted capacity of the idle.
We see today that the numbers of U.S. millionaires are up 8% over last year, so small business-people as well as the Fortune 500 (with a record $2 Trillion cash horde) have done well enough to hire their neighbors.
Additionally, Forbes tells us the world has 199 new billionaires this year, an increase of 20% from last year, and that these exalted 1210 control 25% more wealth than last year. Trickle up is working, and if the rich get richer then the U.S. CofC and GOP tell us they will create U.S. jobs.
They aren't.
We have a national emergency, which the POTUS should declare, and propose funding with a ' war tax ' of 5% on all incomes above $1 million, unless the tax-payer has a son, daughter, spouse, or are themselves serving in the Middle East.
Additionally, salary caps should be removed for 5 years from payroll tax with-holding to replenish the Soc. Sec. Trust Fund with monies diverted to general expenditures (primarily un-funded wars and tax cuts) during the previous administration.
These two actions will trim the current deficit and fund a WPA-type jobs program for infrastructure maintenance that the POTUS should create by executive order.
It is disappointing our version of capitalists is now so globalized that they ignore what is around them - the wasted capacity of the idle.
We see today that the numbers of U.S. millionaires are up 8% over last year, so small business-people as well as the Fortune 500 (with a record $2 Trillion cash horde) have done well enough to hire their neighbors.
Additionally, Forbes tells us the world has 199 new billionaires this year, an increase of 20% from last year, and that these exalted 1210 control 25% more wealth than last year. Trickle up is working, and if the rich get richer then the U.S. CofC and GOP tell us they will create U.S. jobs.
They aren't.
We have a national emergency, which the POTUS should declare, and propose funding with a ' war tax ' of 5% on all incomes above $1 million, unless the tax-payer has a son, daughter, spouse, or are themselves serving in the Middle East.
Additionally, salary caps should be removed for 5 years from payroll tax with-holding to replenish the Soc. Sec. Trust Fund with monies diverted to general expenditures (primarily un-funded wars and tax cuts) during the previous administration.
These two actions will trim the current deficit and fund a WPA-type jobs program for infrastructure maintenance that the POTUS should create by executive order.
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