We need an income inequality tax.

[RDANGELO]

We need to reverse the Republican tax reductions to the wealthy and the corporations. Then we need to institute an added tax on the wealthy that are applied as long as the economic conditions of substantial income inequality are in affect. In the age of a global economy and automation, I think that this is the only realistic way that you can reduce the problem of the stagnant middle class.

A more politically advantageous name for it might be a greed tax.

[onecaliberal]

1. We need to repeal everything that cancerous maggot has done

[manor321]

2. I like the tax on stock transactions proposals. n/t

[RDANGELO]

3. That too.

[Laffy Kat]

6. Yes, but every new tax we hit them with, they'll pass a loophole.

[Exotica]

4. 1% financial turnover tax with a 1 million usd annual exemption

would generate enough revenue to pay for everything. There is approximately 5 QUADRILLION USD a year in total financial turnover in the US markets. A turnover tax would greatly reduce the rapacious high frequency trading as well. Estimates have shown a 1% rate would generate at least 5 to 10 trillion usd a year, maybe far more. You could do away with regressive income taxes on the bottom 80%, and fully fund free universal health care and uni tuition.

Plus, the true systemic controllers, the global private banking system and all its other tentacles would finally pay their fair share.

[Control-Z]

5. Wish I could rec this.

I also wish I understood it a little better.

Thank you for your post.

[Exotica]

7. I will post some links once I get settled at my uni.

[Laffy Kat]

8. The income inequality serves a purpose for them.

We are more helpful to the one-to-two percent if we are so busy trying to put food on the table we don't have time to think. Oh, and it helps if we believe in God's Will.

[PaulX2]

9. Tax Wealth Not Wages

Problem solved.

[safeinOhio]

10. We need a tax on wealth, not income.

I would make it a flat rate of 5% of wealth over $2 million. No deductions and harsh rules on hiding wealth overseas.

[oberliner]

11. Is there a potential presidential candidate who can run on that proposal and win?