- limit corporate power; break up the monopolies & cartels; ban the price-fixing services;
- implement a capital tax on all fortunes > $100M. France just barely missed implementing a 2% wealth tax. On wealth > $10B, $100% tax rate. The world does NOT need ultra-billionaires. Leon Skunk & DOGE have proved that. I would have guessed it would cost more than $350m to buy the US government & trash all the departments investigating your companies. But, with a transactional grifter who is also the WORLD’S WORST BUSINESSMAN in the White House, $350M was all it took.
- Use the proceeds of this tax to attack inequality, implement Universal Basic Income, Universal Health Care (like the rest of developed world), Universal Free Education, to whatever level the student can attain, & Universal Capital Access, so anyone can start a business. Oh yes, also lower the meaningless Federal Deficit to less scary levels.
- Treat the climate crisis as the existential event that it is. Pass the "Responsibility for Externalities" Act & bleed Big Oil until it dies. Hmmm, I was going to say, “we will still need plastics”, but, maybe, no? Cellulose, wood, paper-based products to get rid of plastics, & maybe get microplastics out of our great-grandchildren’s bloodstream.
My hero BHO sold Main Street out to Wall Street after the 2008 meltdown. That must be COMPLETELY reversed.
Here’s a really easy 1st step: make stock buybacks illegal again, as they were before St. Reagan. Limit the amount of CEO compensation that can be granted as stock or options - try to rein in their incentives to favor growth & bottom line above all else.
Ooh, also reinstate the FCC Fairness Doctrine, which also got trashed by St. Reagan. I would love to see a version of Faux “News” where they are spewing their normal bullshit, disinformation, & RW propaganda, but, with a ticker at the bottom identifying all the lies.
Everyone will say, "If we do this the businesses & oligarchs will just move elsewhere." I think if the US leads on this, the rest of the OECD will get onboard. & seriously, the oligarchs don't want to live somewhere other than the developed Western world.
https://forwardky.com/dear-democratic-party-tag-commentary/
[Originally posted today on SubStack.]
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