“I lived by Winnetka for many years. One of the richest suburbs in Chicago, populated with WASP doctors and law firm partners. It's this kind of glimmering hypocricy that has brought the USA down to the 3rd world level. Shame on him!”
“if "Tax cuts creates jobs" didn't work, how about 'Tax hikes will destroy jobs"?
zelduh on Sep 20, 2011 at 05:06:45
“It's worked before. It really has. After studying the timeline that preceded the Great Depression (See http://www.huppi.com/kangaroo/Timeline.htm and http://en.wikipedia.org/wiki/Great_Depression), this is what I would do, based on how we got out of the Great Depression:
☞ 1. Raise taxes on the very wealthy. They have received a disproportionate amount of benefits and blessings from this country as a result of their wealth. They should give back a little more - and many want to (See Buffet, Warren E. and see http://patrioticmillionaires.org/.)
☞ 2. Increase the salary ceiling for FICA payments from $106,800 to $125,000.
☞ 3. Let the Death Tax waiver expire on all estates greater than $5 million.
☞ 4. Impose a 2¢ transaction charge for EVERY stock trade.
☞ 5. Tax Capital gains like ordinary income.