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Rappelling Down the Fiscal Cliff: A Proposed How-to Guide for Progressives

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10. Institute a transaction tax on securities trades (4), as France has just done for certain types of transactions. (This one alone, at say 1%, could bring in huge amounts of revenue.)

It is essential in the present fight over how to deal with the "fiscal cliff or slope" that progressives come up with more than "tax the rich" and "don't touch Social Security, Medicare, and Medicaid." Some form of this aggressive approach is what progressives need to be undertaking, loudly and clearly. And it is time for people like our friends at MSNBC to begin to provide a forum for the Congressional Progressive Caucus to be heard.

 

References :

1.        Campaign for America's Future, Smart Talk, Number 9 | December 13, 2012, "Preserving Medicare Benefits by Controlling Health Care Costs" ( http://www.ourfuture.org/fact-sheets-briefs/2012125012/prevent-cuts-medicare-benefits-controlling-health-care-costs

2.        Jonas, S., " Grover Norquist's Wet Dream," Published on BuzzFlash@Truthout ( http://blog.buzzflash.com/node/12601 ), April 15, 2011. Revised, April 20, 2011, for http://www.opednews.com/articles/Grover-Norquist-s-Wet-Drea-by-Steven-Jonas-110707-971.html , f urther revision, Dec. 10, 2012

3.        The People's Budget of the Congressional Progressive Caucus ( http://cpc.grijalva.house.gov/index.cfm?sectionid=70 -iontree=5,70 ).

4.        "The Financial Transaction Tax," http://en.wikipedia.org/wiki/Financial_transaction_tax.

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http://thepoliticaljunkies.org/

Steven Jonas, MD, MPH, MS, is a Professor of Preventive Medicine at the School of Medicine, Stony Brook University (NY) and author/co-author/editor/co-editor of over 30 books on health policy, health and wellness, and sports and regular exercise. In (more...)
 
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Americans should wake the f*ck up. ... by Daniel Geery on Thursday, Dec 13, 2012 at 6:19:07 PM
This is an excellent way to balance the budget and... by kappie on Friday, Dec 14, 2012 at 9:49:08 AM