Here's the way out.
The solution to our economic meltdown?
Hint: It’s a 12 letter word that begins ‘B’ and ends with ‘S’.
You got it! ‘BILLIONAIRES!’
It's been whispered before but let's say it like we mean it, shall we?
Numbers wise we are looking at 95-99%.
The new tax rate for billionaires.
A billionaire with 200 billion would pay 99%.
Still pockets 2 billion dollars.
Can anyone say that is not more than enough?
This is not crazy talk:
During the eight years of the Eisenhower presidency, from 1953 to 1961, the top marginal rate was 91 percent.
Let’s stop fawning over billionaires.
Last week LeBron James’ entered the billionaires’ club and the media loved it.
The headline should have read:
Lebron is one of the greediest, most selfish people on the planet.
Instead, he joins Forbes Billionaires 2022 and is treated like a modern day Greek god.
If LeBron's billion is taxed a 90% that would be 900 million in government revenue for housing, green jobs, drug treatment, guaranteed income, student debt forgiveness, pandemic response preparation, climate catastrophe payments, care for the elderly, police education and increased pension plan payments.
This is a no brainer.
But we need a new political party and a new leader to make it happen.