A Cure for an Ailing Economy: Taxing the Rich

If this were to happen, we needn't stand idly by as they further bankrupt the country. Such a purposely destabilizing act would require their bank accounts be frozen, and their excess property seized. Although harsh sounding, one must remember that this money isn't legitimately theirs in the first place. They've acquired these billions by de-industrializing the country, driving down wages and slashing benefits, betting on housing bubbles and other financial schemes, bank bailouts, etc. In effect, they've bankrupted tens of millions of people and -- if threatened by higher taxes -- want to take their stolen money and run.

It should also be pointed out that the very question of the rich fleeing from higher taxes proves a higher economic law: our economic system is completely owned and manipulated by a tiny majority of ultra-rich individuals, who shield themselves behind omnipotent-sounding corporate names --Â Goldman Sachs, Wells Fargo, Boeing, etc.

This is not a topic of abstract philosophizing, but the cause of the country's economic crisis. For decades the whole economy has been run by and for the interests of the corporate elite, with the recent bank bailouts proving beyond any question that the federal treasury has been opened up for the mega-banks to grab trillions of dollars, with no questions asked.

This bankrupting of the country by bank bailouts and foreign wars is being used by sections of the elite to demand the end of a program long-hated by them: Social Security. The bedrock social program that many have referred to as "untouchable" is in danger of being molested by Obama's corporate-dominated administration. And, although Obama has hinted at the coming attack by repeatedly stating that "entitlement programs need to be reformed," he has yet to be as blunt as the many recent articles appearing in national magazines and newspapers, intended to soften public opinion.The enormous national debt will be used as the pretext for the attack.

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