Adjust Taxes on Wealthy!

-
We need a temporary fix to our tax code and a major change to our "capitalistic" economic system that is currently broken.

In the long run, the issue is not how to tax the rich. It is about fixing capitalism and free markets If capitalism was fixed, we would have a more even distribution of income and tax revenues would come from a wider base of our population.

Fixing our free market system takes time. It took us thirty years to break it and it will not be fixed overnight. Our President needs to continue to mimic Teddy Roosevelt. He needs to enforce anti-trust laws, enact a "to big to exist" law against financial institutions and reform rules governing credit rating agencies, To get this done, we will need to amend the constitution to ban corporate and unions from making campaign contributions. Right now they own our politicians.

All of this takes time and we have run out of time. As a result, we need to amend our tax code in a manner that enables us to receive more money from the wealthy. This is reasonable and fair. To a great extent it is the wealthy who has benefited the most from the destruction of capitalism including our free markets.. 

Comments

  1. AnonymousDecember 13, 2011 at 6:06 PM

    I'm not particularly a grammar nazi, but my time is precious to me. Grammar errors are a clue to me about how serious you are.

    ReplyDelete
  2. Stephen BanickiDecember 14, 2011 at 9:21 AM

    Thanks for your advice. I have eye surgery scheduled in January which should help; however, I admit I need to improve.

    Remember, good ideas are not destroyed by poor grammar.

    ReplyDelete

Post a Comment

Popular posts from this blog

Keep Freedom on The Internet!

-
Image
Net neutrality under attack:   Don't let Verizon and Google dictate the future of the Internet. Contact the FCC! This post reflects a comment received from Common Cause. It is time to stand up with them and keep the internet free . As the Federal Communications Commission (FCC) considers how to write the rules to protect freedom and openness on the Internet,   who should they turn to: consumers like you and me, or the oligopolistic telecommunications companies?   Verizon and Google announced this week that they have it all figured out when it comes to net neutrality.* They unveiled a policy framework that would give telecom companies the right to speed up or slow down certain kinds of content, and to block outright  applications or content on wireless networks.
Read More

What Can Free Market Conservatives Do?

-
I am a free market conservative. I voted republican in every presidential election since 1968, except one. It is obvious that our government must live within its means and do so in a manner as not to interfere with a functioning free market economy. If we desire to take control of government, we must demand government carry out one of its primary functions; protecting free markets from tyranny, both public and private. We are vocal about defending it from public tyranny, but silent when it comes to tyranny in the private sector. “Experience should teach us to be most on guard to protect liberty when the government’s purposes are beneficial. Men born to freedom are naturally alert to repel invasion of liberty by evil-minded rulers. The greater dangers to liberty lurk in insidious encroachment by men of zeal, well-meaning but without understanding.” Justice Louis Brandeis 1928 Today our focus seems to be only on the tyranny of government when it comes to free markets. We need t
Read More

China And The Five Baits

-
Image
If you are under the age of 50 you should be concerned about China from an economic and global power standpoint. Some believe China is seeking peace with the rest of the world. Based on their long history, I am not convinced. For China long term is hundreds of years and for the United States it is the next election cycle. China's focus is always on the long term. Much of this post is drawn from a book,  On China , written by Henry Kissinger, the Secretary of State under President Nixon and a research paper of the National Intelligence Council titled  Global Trends 2030: Alternative Worlds . Whether the future will prove China's desire for peaceful co-existence depends on whether its middle class will sufficiently benefit from economic growth and not allow their leadership to throw it away by creating enemies with trading partners.  This requires the country becoming more democratic and less inclined to be a threat to the remainder of the world.  The jury is still looking
Read More