Solutions Tuesday - One time Asset Tax On Multi Millionaires
Socialism! For 40 years Republicans and conservatives have governed like socialists. Simply put they believe government is about using power to reward their rich friends and misusing power to keep everyone else shut out from opportunity based on merit and hard work.
The remnants of conservative socialism reared its ugly head when Bush, Republicans, and complicit Democrats basically said that they are going to give a free handout of 700 billion dollars to their rich friends even though many of them failed. To hell with that. It's time to take that money back and then some.
What I am proposing is two-fold. One we are going to have a two trillion dollar middle class bailout. That's right, the money goes directly to the poor and middle class. That means about $10,000 directly will be given to EVERY middle class American. Use that money to pay off the credit card debts, get that new car, catch up on the rent, get that nicer apartment, take that vacation, or however YOU see fit. That's right, TEN THOUSAND DOLLARS, TAX FREE, to every middle class American.
Now how do I pay for this stimulus? (See that's the word they use when they give out billions to billionaires) Simply, we will have a one time assets tax of 5 trillion dollars that only gets applied to people with wealth exceeding 5 million and corporations exceeding 500 million in assets. It would be applied progressively. If each of the Walton heirs (who steal from you anyway through the govt) has to "make do" on 3 billion instead of 10 billion, tough shit on them.
A one time assets tax on the super rich, combined with my middle class stimulus, would literally fix our economy overnight. But since it's the super rich who pay for those cocktail parties, I don't expect it to happen although I wish it did.



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