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View Diary: 3 Progressive Principles for the Next Deal (130 comments)

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  •  Thank you, Rep. Ellison... (4+ / 0-)
    Recommended by:
    mkoz, elwior, JesseCW, gustynpip

    for this wonderful diary.  We have your back.  May I suggest a few sources of revenue?
    1. We conceded tax cuts for the 2% ($200,000/$250,000-$400,000/$450,000).  Can we get it back with a higher tax bracket for the top 0.1%, who now bring in 11% of all income?  How about a 50% tax rate on incomes over $1,000,000?
    2. On the Estate Tax - how about a 65% rate for estates over $15,000,000?  We conceded a $5,000,000 lower limit.
    3. As discussed, of course a financial transactions tax, and no tax breaks for oil companies etc.
    4. Please cut military spending!  Where is the peace dividend we should have seen after the collapse of the Soviet Union?  How many times has the military budget been raised in peacetime?  
    5. Capital gains and dividends should be taxed as ordinary income, except for an exemption of a few hundred dollars for ordinary people with small savings accounts.
    And, please, get us a big enough stimulus (ask Paul Krugman, a Nobel Prize winner, what is big enough), and use a big chunk of it to fund renewable energy (wind, solar and an updated electric grid - NOT nuclear).
    Thank you again for all your hard and effective work.  Let us know how we can help.

    "There have been tyrants and murderers and for a time they seem invincible but in the end they always fail. Always." -Gandhi

    by Grandma Susie on Wed Jan 02, 2013 at 05:44:32 PM PST

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