THE BLOG
07/25/2009 05:12 am ET Updated May 25, 2011

Recession Is Result of Low Taxes

A thought: The country and states lowered taxes in the 80s, and now we are seeing the results. Low taxes let people get rich in a hurry so sound and sustainable business practices were abandoned as foolish. Get-rich-quick schemes stripped the forests, oceans, mountaintops and population. Wealth concentrated straight to the top, and now average people are strapped to pay for anything.

Put the top tax rate back to 90% and watch the changes as people have to build real wealth slowly over time. This means they have to use sustainable business and environmental practices. Businesses will have to make things that work and last, and provide good service. And watch the economy as regular people start to benefit again and national and state governments have funds to actually engage in helping regular people again.