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View Diary: A New Source of Federal Revenue That Will Improve the Economy (18 comments)

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  •  So was the Income Tax, until Center-Left pols... (0+ / 0-)

    ..championed an amendment to allow it.

    High confiscatory income tax will ensure that the US become a country of Haves (Ellison, Buffet) and HaveNots.

    Learn about Centrist Economics, learn about Robert Rubin's Hamilton Project. www.hamiltonproject.org

    by PatriciaVa on Thu Aug 08, 2013 at 08:46:38 AM PDT

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    •  Hamilton Project--great source. (1+ / 0-)
      Recommended by:
      PatriciaVa

      I don't see a Constitutional amendment to authorize a wealth tax as viable anytime soon. I'd love to be wrong.

      The Hamilton Project is a great source for unemployment info. I wish everyone interested in unemployment would keep this chart in mind uppermost: http://www.hamiltonproject.org/...

      Job creation for the last 12 months averages about 190,000 a month. Plug that number into the linked graph and you get an ugly, ugly picture. AND the graph assumes only 88k jobs/month needed to absorb population growth, which is one of the most optimistic estimates I've seen.

      "The true strength of our nation comes not from the might of our arms or the scale of our wealth, but from the enduring power of our ideals." - Barack Obama

      by HeyMikey on Thu Aug 08, 2013 at 09:05:37 AM PDT

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