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Response to MH1 (Original post)

Sat Dec 17, 2011, 11:28 AM

3. a 1% Wall Street transaction tax on all turnover, with the first $1 million exempted would fix a lot

 

Even if you taxed 100% of ALL ordinary income of the top 1% of Americans, you still wouldnt generate enough to close the deficit, let alone start to pay off the debt.

The rich, the banks, the multinational firms use thousands of loopholes in the tax code to avoid paying taxes (mainly due to these very same groups basically writing the tax code themselves and having their puppets of both parties in Congress pass it).

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MH1 Dec 2011 OP
MH1 Dec 2011 #1
cottage10 Dec 2011 #2
MH1 Dec 2011 #4
LineReply a 1% Wall Street transaction tax on all turnover, with the first $1 million exempted would fix a lot
stockholmer Dec 2011 #3
TheKentuckian Dec 2011 #7
stockholmer Dec 2011 #21
jwirr Dec 2011 #5
gateley Dec 2011 #6
mainer Dec 2011 #8
MH1 Dec 2011 #10
mainer Dec 2011 #13
MH1 Dec 2011 #16
mainer Dec 2011 #26
StarsInHerHair Dec 2011 #31
mainer Dec 2011 #27
MH1 Dec 2011 #14
phasma ex machina Dec 2011 #9
MH1 Dec 2011 #11
phasma ex machina Dec 2011 #17
MH1 Dec 2011 #18
phasma ex machina Dec 2011 #19
tritsofme Dec 2011 #22
phasma ex machina Dec 2011 #29
stockholmer Dec 2011 #23
phasma ex machina Dec 2011 #30
Bogart Dec 2011 #12
MH1 Dec 2011 #15
StarsInHerHair Dec 2011 #32
gulliver Dec 2011 #20
Initech Dec 2011 #24
sarcasmo Dec 2011 #25
RobertEarl Dec 2011 #28
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