23 September 2008

Crash

And reboot.

  • Progressive taxation on earned income from minimal to say, 50% on income above $1,000,000.
  • Capital gains taxed, but a rate below earned income.
  • Incentives for individual savings in insured financial vehicles.
  • Immediate reduction of Federal spending on Defense.
  • Immediate increase in Federal spending on infrastructure, including social infrastructure (education and health care).
  • Development of a regulatory framework for financial institutions to ensure that reasonable and prudent risk is rewarded fairly -- but that speculative risk can and should fail
It doesn't have to be the end of the world as we know it. It does mean the party is over, and we need to clean the place up, sober up the lushes, and get on with it.

1 comment:

Serving Patriot said...

Nice!

Simple and workable. Maybe some Congresscritters will think about it?

Nah.

SP