how to save $8 trillion
The easy, painless way to save $2T: PEACE
Each one of the following would save up to $1 trillion, or more, over
the next ten years. Guess what? The teabaggers are opposed to all of
them, including the $2T for not fighting any more wars for a while.
$1T: We could let the Bush tax cuts for the rich expire. (“No! No!”
shout the Koch brothers.)
$1T: We could let Medicare negotiate the price of drugs, the way that
the VA and private insurance companies already do.
$1T: We could require the rich to pay the same percentage of their
income toward Social Security and Medicare as the poor and the middle
class do. Not a higher percentage – my God, that would be progressive
taxation! Just the same percentage.
$1T: We could impose the same alternative minimum tax on giant
corporations that we mere humans must pay.
$1T: We could reduce U.S. military spending to a paltry 40% of the
world’s total, from the current 48%, which would still leave us
spending four times as much as any other nation.
$1T: We could make Warren Buffett pay the same tax rate on his income
as his secretary pays on hers, by eliminating the long-term capital
gains tax break, the great majority of which goes to the hyper-rich.
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