Budget Crisis? Duh. Tax The Rich! - Robert Parry

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http://www.consortiumnews.com/2011/022411.html

Budget Crisis? Duh, Tax the Rich!

By Robert Parry
February 24, 2011

A great tragedy of the United States is that the answer to many of the country’s domestic problems is obvious, even simple, but can’t be done because of a dominating political/media dynamic that rules that solution out.

The solution to these many problems – from the budget deficit to crumbling infrastructure, from mass joblessness to income inequality, from environmental degradation to educational shortfalls -- is to raise taxes on the rich and to use that money to get the United States back on track and advancing toward the future.

And there are clear justifications for doing so, from practicality to fairness. Though many multi-millionaires fancy themselves self-made men (and women), the truth is that they all have profited from investments that American taxpayers have made over the decades, and even centuries.

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No democratic republic can long survive such a distorted political-economic-media system. As Justice Louis D. Brandeis noted more than 60 years ago, "we can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both."

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