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      Thom Hartmann: How Wall Street Can Bail Itself Out Without Destroying the Dollar

      Posted by Jeff from Huffington Post

      Create an agency to fund the bailout, loan that agency the money from the Treasury, and then have that agency tax Wall Street to pay us (the Treasury) back. It's been done before, and has several benefits. In the United Kingdom, for example, whenever you buy or sell a share of stock (or a credit swap or a derivative, or any other activity of that sort) you pay a small tax on the transaction. We did the same thing here in the US from 1914 to 1966 (and, before that, we did it to finance the Spanish American War and the Civil War). For us, this Securities Turnover Excise Tax (STET) was a revenue source. For example, if we were to instate a .25 percent STET (tax) on every stock, swap, derivative, or other trade today, it would produce -- in its first year -- around $150 billion in revenue.

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      Reclaiming The Issues: Islamic Or Republican Fascism?

      Posted by Jeff from Kurtnimmo

      Thus it's now critical that we reclaim the word "fascist" to describe current-day Republican policies, support progressive websites that spread the good word, and join together this November at the ballot box to stop fascist election fraud and this most recent incarnation of Republican-fascism from seizing complete and irretrievable control of our nation.

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    Billbar comments on:

    Reclaiming The Issues: Islamic Or Republican Fascism?

    Good column. Hartmann spells it out nicely. Bush isn't our first fascist president, however. Calvin Coolidge famously stated, "The business of America is business."

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    9:46 pm 8/29/06
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    j1o2n3a4s5 comments on:

    Reclaiming The Issues: Islamic Or Republican Fascism?

    it is all about the mix of corporations to government. think industrial complexes and privatization

    Reply »

    6:54 pm 8/29/06
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    Jeff

    Member since Dec 2008

    Jeff is the founder of NewsCloud. He is also a freelance writer and blogs at Idealog.

    Seattle


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