Tax the ultra-rich

[eridani]

http://www.truth-out.org/economic-recovery-few61906

Taxing the HNWIs and Ultra-HNWIs would be the policy of governments responsive to the needs of their working-class majorities instead of their rich and super-rich patrons. Austerity is not the only policy. Modestly taxing the wealth of HNWIs is the far better policy choice. The two wealth management companies that cater to HNWIs have kindly provided us all with the facts and figures needed to support the better policy.

Across Europe, coalitions of trade unions, socialist, communist, and some green parties, and many social, religious, and community organizations are organizing growing mass demonstrations and general strikes. These oppose austerity and demand alternative ways to deal with economic crisis. In France, mobilization focuses on a nationwide general strike September 7. Plans are underway for an all-European day of public actions on September 29. National actions like this have already happened in Greece, Portugal, and other countries.

The business and political leaders generated by the last 30 years of neoliberal capitalism simply assumed that they could impose the costs of their crisis on their countries' people. That assumption is now being contested. The European people are beginning to fight back. And here, in the US?

[aquart]

1. Yes.

No man should be so rich he has nothing left to buy but his government.

[PADemD]

3. +1000 n/t

[LawnKorn]

2. We also need a brick wall inheritance tax

If a family's wealth is not capitol wholly dedicated to a company business, it gets taxed at a rate of 99% for everything above a fixed level. Taxing away accumulated wealth that is ten times the poverty level would stimulate economy until there is no poverty.

[Xenotime]

4. Agreed 100%