« Bailout Question - Where Are They Going To Get The Money? | Main | THROW Them Out Don't Bail Them Out »


September 20, 2008

A Bailout Plan That Works

-- by Dave Johnson

Firedoglake サ How To Bail Out Ordinary Mortgage Holders And Not Just Banks. Please read it.

Is this bailout by the American taxpayer going to be about helping the American people, or a few owners of big corporations -- the people who got us into this mess?

Someone I read somewhere (sorry, lost the link) suggested that any firm getting any bailout money not be allowed to pay executives more than 10 times the average American wage.

How about if any firm getting bailout money pay double tax rates on future profits for the next ten years?

How about if in exchange for the bailout we set the top tax rate for people making more than a million dollars a year back to 90% -- to eliminate the bad-behaviour incentive and start paying off the national debt?

Posted by Dave Johnson at September 20, 2008 9:02 AM


Comments

Post a comment

Thanks for signing in, . Now you can comment. (sign out)

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)


Remember me?



Email this entry to:


Your email address:


Message (optional):


Return to main page