10 Ways to Bail Out Wall Street (and Main Street) Without Soaking Taxpayers in Debt . . .

[OneBlueSky]

I'm no economist, but most of these seem to make some sense -- and several are WAY overdue . . .

10 Ways to Bail Out Wall Street (and Main Street) Without Soaking Taxpayers in Debt:
Who says we need to borrow a trillion dollars to save Wall Street from its own excesses?
By Chuck Collins and Dedrick Muhammad, AlterNet
Posted September 25, 2008

http://www.alternet.org/story/100223

A Responsible Plan to Pay for Recovery: $900 Billion in New Revenue

1. A Securities Transaction Tax: $100 Billion

2. A Wealth Tax Surcharge on Households with $10 Million: $300 billion

3. A Corporate Minimum Income Tax: $60 Billion

4. A "Disgorgement" Recovery From Profligate CEOs: $40 Billion

5. An Income Tax Surcharge on Incomes Over $5 Million: $105 Billion

6. An End to Overseas Corporate Tax Havens: $100 Billion

7. The Elimination of Subsidies for Excessive CEO Pay: $20 Billion

8. The Elimination of the Tax Preference for Capital Gains: $95 Billion

9. A Progressive Inheritance Tax: $60 Billion

10. The Elimination of the Mansion Subsidy: $20 Billion

- more . . .

http://www.alternet.org/story/100223

If anyone connected to the campaign reads this, please pass it on to the strategists and decision-makers . . .

[Wapsie B]

1. I like those ideas.

Number 6 alone would make some powerful people very angry, which is good IMHO.

[AzDar]

2. K & R

:kick: