Re-aligning the financial sector with the productive economy
Angry Bear: Can we please broaden our thinking in this crisis?
Well, one of the reason’s for having a graduated income tax to the point of 90% at the top was to prevent exactly what we are now discussing as one of the issues that needs to be addressed in the bailouts. It was to prevent economic royalty, to preserve democracy, to assure one voice – one vote, to prevent some from being so powerful that they would be insulated from responsibility for the problems they could create.
