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View Diary: Comparing exit packages: Home Depot CEO Bob Nardelli versus Pfc. William R. Newgard [UPDATE] (162 comments)

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  •  I agree, but there is one thing Congress can do (4+ / 0-)

    Roll back the tax cuts for the upper bracket, particularly the upper 1%.  It is not a complete remedy, but it is a start in the right direction.  Congress can say it is necessary because of the huge cost of the Bush war and the Bush deficits.  Bush can veto, but they can quickly host the 4 trillion dollars added to the federal debt (bringing the total to 9 trillion) by Bush and the do nothing but rubber stamp 107th, 108th, and 109th Congresses.  

    A tyrant must put on the appearance of uncommon devotion to religion. - Aristotle

    by DWG on Sun Jan 07, 2007 at 01:44:32 AM PST

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    •  Institute a new tax bracket (4+ / 0-)
      Recommended by:
      ctsteve, chememom, blue vertigo, DWG

      For income over 1 million dollars and just tax it at 90%.  Other countries do this.  It will level the playing field a lot.  It also promotes saving as a way to amass wealth, not just getting a super high paying job and making more than thousands of people combined make in a year.  

      Don't like XOM and OPEC? What have YOU done to reduce your oil consumption? Hot air does NOT constitute a renewable resource!

      by Asak on Sun Jan 07, 2007 at 02:49:02 AM PST

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      •  America did it (8+ / 0-)
        during World War II when everyone agreed it was appropriate to share the sacrifice. What I have been saying lately is that the Democrats need to stand up and say to Bush "You want to escalate the war in Iraq? Then we must agree that we need wartime-type sacrifices. All tax breaks for the wealthy must be repealed immediately and new, dramatically increased taxes must be levied on the ultra-wealthy until the entire debt incurred by the war is paid down." I'll bet Bush would lose his war enthusiasm quickly.

        It's just time someone made the connection between an expensive war and method of payment. Bush asks nothing of anyone who has plenty to spare.

        Secretary of State-elect Jennifer Brunner: screwed-up elections in Ohio soon to become history!

        by anastasia p on Sun Jan 07, 2007 at 06:32:35 AM PST

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        •  I second the motion!! (7+ / 0-)

          I've been saying this for so long.... Look the solution for the democrats is this.  Demand in a very public way

          1.  Repeal the tax breaks, we're at war!! (a little history lesson on the methods of WWII, war bonds, heck my Mom talks about taking pocket change to school to buy stamps, which were pasted into a book, when it was full, you traded it for a bond, talk about nickel and dimes).
          1.  War profiteering will not be tolerated!!!  We're at WAR!!! (Suspicion = very close oversight (as in a government watchdog moves into you establishment for the duration, 1st offense, huge fines, 2nd offense, obscene fines, 3rd offense, your now a wholly owned subsidarary of the US government.)
          1.  Rationing of Gasoline, electricity and all other products we need to ration We're at WAR!! (not so much as a toaster oven until every one of our guys is riding around in the latest vehicle designed to protect our troops from the likely threats they face, even the ones no one has really dreamed up yet)
          1.  Draft, (with few - no exceptions)  We're at WAR!! eveyone goes (again, use WWII as an example, despite there were many that did not get drafted and got deferments, many of the sons of the well to do served (Roosevelts, Kennedys, etc. etc.))  I know this one is hotly debated, but I for one want the whole package, with every comment on needed sacraficed followed by "we're at WAR!".  They let them try to argue against it.  They would be on the loosing end, just like Bush used the war to browbeat everyone into doing everything he wanted at the beginning.  Beat the future of the neocons to death with it.
        •  Excellent , Excellent point (0+ / 0-)

          Wish I could give this comment 50 recommends.

          In Summary:

          During a time of war earning over one million will be taxed at 90%.

          That will be an excellent start toward making war non-profit.

      •  Also (0+ / 0-)

        Financial penalties for misbehaviour should reflect peoples' income.

        It is inappropriate to fine a muti-millionaire the same amount for speeding as it is to fine a single parent struggkling to feed his/her family.

        A fine of 1% of annual income for speeding/polluting might be more appropriate than a flat fee penalty.

        Best Wishes, Demena

        by Demena on Sun Jan 07, 2007 at 03:51:23 PM PST

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