Gouge the super rich to avoid a deficit, bail out the economy and reverse the current slump?
By Community Commonwealth Association –
There’s a way for the government to finance economic recovery without creating a huge deficit, with a Multimillionaires Tax. It’s better to take 10% of a multi-millionaire’s wealth than to raise taxes for people who are losing jobs and could lose their homes. Billionaires can afford to revive the economy better than taxing the unemployed. The Proposal: Tax every multimillionaire and billionaire 10% of their wealth with a one time emergency tax to help with national economic recovery. I would suggest allocating Multimillionaire Tax revenues to cities and communities, for this is where public service really happens. I hope this proposal can help with managing the economic crisis. www.communitycommonwealth.info