[Peace-discuss] trying times? - John Williams

[C. G. Estabrook]

  ...that is the question.


On 8/15/10 9:26 AM, E.Wayne Johnson wrote:
>
>  Consider the richest one per cent of US citizens. In 2009, their
>  investible assets - i.e, not including their primary residence, art
>  works, collectibles, etc. - totaled over $12 trillion. In that year,
>  the total US budgetary deficit was $1.7 trillion.  Had the US
>  government levied an economic emergency tax of 15% on only investible
>  assets (i.e., not entire net worth) in excess of $1 million, it could
>  could have covered the entire 2009 deficit.  And of course 99% of the
>  population would have been exempted from that tax.
>
>
>  I read "investible assets" as "invincible assets" on my first take.
>
>  That's because I need a nap..., but I am wondering if my first take
>  doesnt describe the situation, cynically.

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