SOCIALISM FOR BANKERS, SAVAGE CAPITALISM FOR EVERYONE ELSE? Bailout Jeopardizes Entire Progressive AgendaJames S. Henry

It’s high time for a return to good old-fashioned class warfare, at least so far as tax policy is concerned. The cost of the latest Wall Street bailout could easily turn out to be so large that it would jeopardize our ability to afford economic reform like health insurance and alternative energy.
Some kind of bailout may be necessary. But it should come at a price — a heft part of which should be paid by the tiny elite that was most responsible for creating this situation. We need to demand a “Get Real/ New Deal” from Congress that includes the restoration of stiff progressive income and estate taxes, and tougher tax enforcement on wealth individuals and corporations.

Source: http://www.submergingmarkets.com/recent_posts_and_pdfs/2008/09/socialism-for-b.html

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This entry was published on March 28, 2012 at 2:43 pm and is filed under Uncategorized. Bookmark the permalink. Follow any comments here with the RSS feed for this post.

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