International Monetary Fund strongly suggests countries tax the rich to fix deficit

[dcmfox]

Tax the rich and better target the multinationals: The IMF has set off shockwaves this week in Washington by suggesting countries fight budget deficits by raising taxes.

Tucked inside a report on public debt, the new tack was mostly eclipsed by worries about the US budget crisis, but did not escape the notice of experts and nongovernmental organizations (NGOs).

“We had to read it twice to be sure we had really understood it,” said Nicolas Mombrial, the head of Oxfam in Washington. “It’s rare that IMF proposals are so surprising.”


http://www.rawstory.com/rs/2013/10/11/international-monetary-fund-strongly-suggests-countries-tax-the-rich-to-fix-deficit/

[TheDebbieDee]

1. Taxing the rich more would leave them less money to be used

to influence elections and buy political persuasion....

[demwing]

2. Poor things!

Austerity sucks!

[TheDebbieDee]

3. If taxing the rich fails to stop them from interfering in our political system,

then we can always resort the time-honored, fail-proof action of EATING the rich!

Although there may not be enough meat tenderizer in the world to make these repugs palatable.....

[pam4water]

4. Great now if the IMF could stat undoing so of the rest od damage they did to the world economy.