Wednesday, September 24, 2008

If Only the Government Had Some Mechanism to Raise Money to Pay for a Bailout...

My morning shower thoughts on the bailout negotiations: We're getting too hung up on trying to punish the involved parties and make our money back from this like it is some kind of investment. Either one is convoluted and risky. Why don't we just give them this bailout on the condition that it is paid for by tax increases on the financial industry, real estate industry, and the wealthy in general? I'm thinking restoration and increase of the estate tax, micro-tax on all financial and securities transactions, increase on income tax to the top brackets (and creating some even higher tippity-top brackets), etc. Most of this stuff is in Obama's plan in a milder form anyhow.

1 comment:

  1. "We give them"? I'm afraid the situation is that they give themselves a bailout, and nothing can be done about it.

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