YES! Billionaires are not the job creators.
64%
YES! For more info. go to www.nobillionairescampaign.com
36%
Comments
Thom's Blog Is On the Move
By webmaster
Hello All
Thom's blog in this space and moving to a new home.
Please follow us across to hartmannreport.com - this will be the only place going forward to read Thom's blog posts and articles.
Images of Thom
Mueller's favorite place to pray (written about in "Prophet's Way"), and the roof of the room where the Last Supper is reputed to have happened.
From The Thom Hartmann Reader:
"With the ever-growing influence of corporate CEOs and their right-wing allies in all aspects of American life, Hartmann’s work is more relevant than ever. Throughout his career, Hartmann has spoken compellingly about the value of people-centered democracy and the challenges that millions of ordinary Americans face today as a result of a dogma dedicated to putting profit above all else. This collection is a rousing call for Americans to work together and put people first again."
From Screwed:
"If we are going to live in a Democracy, we need to have a healthy middle class. Thom Hartmann shows us how the ‘cons’ have wronged this country, and tells us what needs to be done to reclaim what it is to be American."
From Screwed:
"Thom Hartmann’s book explains in simple language and with concrete research the details of the Neo-con’s war against the American middle class. It proves what many have intuited and serves to remind us that without a healthy, employed, and vital middle class, America is no more than the richest Third World country on the planet."
Just watched the videos and they were fantastic. It all started with prime lending interest rates jumping from 6.5% in 1976 to 21% in 1980. It was meant to slow inflation, but it destroyed the economy. The years these enourmous rates were in effect the rich got very rich and those who depended on credit to buy homes and cars paid the price. Then anothe thing happened to make matters much worse. Reagan took office and chopped the progressive tax structure for the rich from a cap from 70% cap down to 27%. This was coupled with massive deregulation that led to stock market crashes, the savings and loan failures, unions busted, monopolies created and a general feeling on Wall Street that they were above the law, which is still how it is today.
What we have left is a broken economy, where the top 1% own it all.
If you take the national debt and spread it equally to everyone with any net worth (many have none since the mortgage meltdown) and what we are is a bankrupt nation.
I totally agree with Thom on the billion dollar asset cap, but also a progressive tax rate on income, like they had in the Eisenhower days, with a cap at 91%.
Yes I think it is high time we tried Demand Side Economics!
Totally agree with William King !
A billion dollar income has social injustice and fraud laced all through it......there is no other way to pig that insane amount from your fellow man. My answer, confiscate the money, and than prosecute to the full extent of the law. Of course that would only happen in a truly representative democracy ,but so would the idea of a 100% tax rate after a billion. REVOLUTION!
We should get rid of our fixed amount tax rates and set a progressive percentage based on standard deivation from the mean income. The rates should go up progressively as the income moves away from the mean until at some standard deviation the rate is 100%. This limits the income disparity independent of inflation or other factors while still allowing for fair individual incentives to stimulate economic growth and change. It also would encourage investments that raise eveyone's income (the mean) as the only way for the super rich to increase their income.