••can ye pass the acid test?••

ye who enter here be afraid, but do what ye must -- to defeat your fear ye must defy it.

& defeat it ye must, for only then can we begin to realize liberty & justice for all.

time bomb tick tock? nervous tic talk? war on war?

or just a blog crying in the wilderness, trying to make sense of it all, terror-fried by hate radio and FOX, the number of whose name is 666??? (coincidence?)

Tuesday, September 20, 2011

my solution
what you've all been waiting for

pass a truly progressive flat tax: set a very high standard deduction, about $100,000 per family (and per corporation) if done this year; have congress annually set single rate to balance budget according to CBO estimate (using undistributed net profit as taxable business income); eliminate all loopholes, including per-person exemption, capital gains tax, dividend income rate, etc; treat inheritance as regular income but with bigger exemption for non-liquid assets; end payroll tax, have congress require itself to use general revenue to keep trust funds solvent. also, reinstate glass-steagall to motivate banks to start lending again; freeze foreclosures till housing market returns to normal; start a green infrastructure jobs corps to hire and train workers to clean up hazardous waste sites and install wind and solar generators on all federal land and buildings; don't use military force unless absolutely necessary and all reasonable alternatives have been exhausted.

tweak as needed.

comments and criticisms welcomed.

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