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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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