Bernie Sanders, Elizabeth Warren and the Wealth Tax (tags)
Warren's proposal earmarks a 2% tax on wealth between $50 million and a billion dollars and a 3% tax on wealth over a billion. Between 1930 and 1980, top incomes were taxed at 81% and top inherited wealth at 74%. Obviously, this did not destroy American capitalism.
Elite democracy leads to corruption of wealth distribution, language and community. "We must be wounded to be healed" (Dorothee Soelle).
Long Live Tobin. Commentary on Financial Regulation (tags)
"Turner's demand for introduction of a global Tobin tax on all financial transactions is a very old demand. The tendency of banks to take flight in casino capitalism and neglect their role as servants of the real economy has made the crisis into a real fix for us.."
General Strike & Tax on Millionaires & Billionaires in Cal Needed Now (tags)
The State of California is set to issue IOUs instead of checks today, July 1, 2009, because the progressive income tax on the rich, those who make over $200,000 a year, has been cut instead of raised and because labor has not declared the overdue GENERAL STRIKE.
LA Greens Endorsements for Nov. 7 Ballot (tags)
The Los Angeles Greens endorsed Proposition 89 (Clean Money) and Proposition 87 (Oil Tax to Fund Alternative Energy) . Here is the full list of our recommendations for November 7, 2006: