[Peace-discuss] [sf-core] J. Sachs in Financial Times: "Obama planned big budget cuts all along"

[C. G. Estabrook]

The solution obviously is to tax the 1% - their wealth, not their income. 

An emergency tax of 15% on investable assets (not net worth) over $1 million would wipe out the deficit - and 99% of Americans would be exempt from the tax, for the simple reasons that 99% of Americans do not have investable assets in excess of $1 million. 

It's equally obvious why Obama won't propose this, or anything like it..  --CGE  


On Mar 3, 2013, at 9:42 PM, "C. G. Estabrook" <carl at newsfromneptune.com> wrote:

> http://gonzaloraffoinfonews.blogspot.com/2013/03/obama-planned-big-budget-cuts-all-along.html