4 ms·
Well, it's good to see someone putting their own opinion out there, in an election year no less, instead of parroting whatever party nonsense is being spread ar
by nikdaheratik 10y ago
Well, it's good to see someone putting their own opinion out there, in an election year no less, instead of parroting whatever party nonsense is being spread around. But I don't feel like these are really solving for anything, other than maybe trying to deal with inequality by hammering down the top end.
> 1. Tax the crap out of the 1%
I don't think we need to go back to the 1950s levels. A move back to the late 1990s would be okay by me. But then again we're not going to get that through Congress and alot of nitwit legislators will use that to justify their reelection so it's not worth the cost as far as I'm concerned.
> 2. stamp out most forms of high-leverage financial speculation
IMO, a "War on Speculators" would be just like the drug war. Only less costly, and less effective since it's much easier to move massive amounts of money to a country with less lax regulations than it is the comparable amount of drugs. Better enforcement of some of the existing anti-fraud/insider trader rules would be welcome. But this isn't going to help prosperity for the average worker. Just give nitwit legislators something to argue over.
>3. introduce ruthless transparency such that any asset whose beneficial ownership cannot be established where legally appropriate is subject to summary confiscation
Not even sure what this means? Is this going to pass the 5th amendment even if it can be translated into law? Considering the use of confiscation to fund the Drug war policies, can you maybe see some potential for conflicts of interest here?
> 4. adopt a zero-tolerance posture on business crime, with jail time regularly administered for significant financial misdeeds, in rough proportion to the size of the takings.
Again, "War on finance" vs. "Drug war" potential for abuse and the same lack of effectiveness. I agree that many of the people involved in the collapse in 2008 should have been hammered more than they were. However, this feels more like a case of getting better people in DoJ and other agencies rather than more legislation.
> 5. roll out a universal basic income to deal with the inevitable decline in the proportion of humans “enjoying” full employment.
Could work, but maybe just start with raising the minimum wage, increasing overtime protections, and just getting the work week and vacation time closer to Europe, Japan, and/or Australia levels rather than going "full basic income" to start. I also don't know if this will all help the "average unemployed" but it may help make things less miserable for the average worker.
[Edited for typos]