Katrina paints in stark and tragic relief what we already knew: the Bush Administration considers itself unassailable and unaccountable to all but the wealthiest American citizens. The poor and powerless are at critical risk. And none of us are truly safe. The President has placed our country on a fault line.
Van Jones has put forward the right framework of action for recreating public safety and taking back the country. His nine steps for “shattering the old consensus and building a new one” (see Jones’ September 7th posting, “Now Let’s Rescue America: Nine Key Steps:
http://www.huffingtonpost.com/van-jones/now-lets-rescue-america_b_6987.html ) include, perhaps most importantly, maintaining the estate tax.
The United States should also immediately reinstate the windfall profits tax on oil revenue, a Jimmy Carter-era policy that taxes oil companies at a rate of 50 percent for every dollar they make above their profit levels of the previous quarter. In other words, oil tycoons would be forced to return half their profits from the inflated prices we pay at the pump to the public trust. {emphasis added}
Tax revenue that results from these minimal fiscal reforms should be invested in rebuilding the decimated Gulf Coast region. Progressives from coast to coast should respect and support CLU and other organizations representing those who have the most to gain from a restorative version of redevelopment that redistributes resources.
Just as New Orleanians searched for higher ground in attics, on rooftops and beyond the eye of the storm, so must we rise up and seize the moral high ground. We must take back our country. Some national leaders called for the impeachment of Bill Clinton on the grounds that he fooled around with a White House intern. What then is the proper punishment for a President who wrecked havoc in the lives of thousands upon thousands of our fellow citizens?
Source:
http://www.huffingtonpost.com/rob-mckay/letas-make-sure-preside_b_7235.html