Reply #1
Response to ProSense (Original post)
Thu Apr 12, 2012, 10:03 AM
TBF (18,431 posts)
1. It is capitalism -

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the way we fix this is regulating and taxing. Remove the cuts on capital gains taxes that have been enacted over the past 30 years, remove loopholes for corporations (or a minimum tax on them - something), and no more free bailouts. Any bank or energy company that is "too big to fail" needs to be nationalized if tax payers are picking up the tab.
My preference would be to transition to some sort of socialism, but at the very least we need to be willing to regulate and tax if we don't want to end up looking like a 3rd world country.
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