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Replies to post #237331 on Simply Politics & News (GOV)
GEO928
05/06/12 9:36 PM
#237333 RE: moxa1 #237331
It will require strict limits on the voracious, irresponsible behavior of Wall Street, from which we've all suffered. The Glass-Steagall Act must be resurrected (the so-called Volcker Rule is more ridden with holes than cheese), and the big banks broken up.
It will require limiting executive salaries and empowering workers to get a larger share of corporate profits. The Employee Free Choice Act should be an explicit part of the second-term agenda.
It means Medicare for all rather than an absurdly-costly system that relies on private for-profit insurers and providers.
This will require real tax reform -- not just a "Buffett" minimal tax but substantially higher marginal rates and more brackets at the top, with a capital gains rate matching the income-tax rate. It also means a larger Earned Income Tax Credit, whose benefits extend high into the middle class. That will enable many Americans to move to a 35-hour workweek without losing ground -- thereby making room for more jobs.