Update: A reader pointed out that Robert Reich was the first to frame the idea of "Tax Jujitsu".
Not that I'm in any place to disagree with a leading economist, but I'd emphasize that Reich and others need to operate with the KISS principle and think about how to SELL this thing politically.
Get behind the idea of a PERMANENTLY FLAT, FAIR, LOW, PRO-BUSINESS Social Security Tax for Employers and Employees. That core, simple idea is what is political dynamite. It's easy to understand and most businesses will think it's Christmas Morning in America. We'll mess it all up if every economist adds his own little cool spin to it. Simplicity is power.
Original Diary here, where I explain why the American people would absolutely love this idea, and how it can destroy the Wall Street / Republican stranglehold on the Economy in one simple move.
The Republican / Wall Street stranglehold over the economy can be destroyed in one move. And American businesses will do the work for us...
With the clock ticking on the ending of the Bush tax cuts and Estate tax cuts, Democrats have a huge structural advantage...
If they compromise now, they risk losing it all...
But if this one idea takes hold, with the Business Community, Labor, AARP, and Progressives uniting their voices, the Democrats can have a MASSIVE structural economic victory and save the American economy in the bargain.
Please read my diary from yesterday and join the movement for a FAIR, FLAT, PRO-BUSINESS Social Security tax policy...
UPDATEDx6: Could One Wonky Idea Save America? Economist William Black emails me, "Yes"
Updates will be added to the original diary... but I thought I'd give a little Progressive eye candy by putting the updated graphic here as well... join the movement for a PERMANENTLY FLAT, FAIR, LOW, PRO-BUSINESS Social Security tax policy for Employers and Employees!