John Haggerty's Blog tag:www.talkingpointsmemo.com,2008:/talk/blogs/johnatmls//8368 2008-11-29T07:43:03Z Movable Type Pro 4.21-en tag:tpmcafe.talkingpointsmemo.com,2008://14.246110-comment:3301387 John Haggerty Commented on Paper Wealth and the Economic Crisis by Dean Baker 2008-11-29T07:43:03Z 2008-11-29T07:43:03Z Here is what Bush has been able to do for every man woman and child in the United States since he took office. First by cutting taxes he was able to divert over 15 trillion back to the the citizens of the United States that is in addition to the 15 trillion that we all make collectively each year.

All we need to do to get the economy jump started is to simply take the 15 trillion saved in taxes and the 15 trillion we make annually is to take this money and divide it equally among all Americans for the earnings between july 1, 2007 and June 30, 2008.

Where will the money come from? It will come from everyone. We will simply tax all earnings during this period at 100%, we will recover all tax revenues that were not realized through the Bush tax cuts since he took office, all of which will add up to a little over 30 trillion dollars and then give each man woman and child in the country a check for $100,000.00.

During WWII the tax rate went up to 98%, so why can't we dp ot again? It's fair, it's easy, and it is entirely possible. It just requires the legislation to do it. Bush has spent just as much on his millionaire supporters, on corporate welfare, and killing people in Afghanistan and Iraq.

email me at jrhaggerty@com

John

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