Thursday, February 27, 2014

Quote of the Day: "The Hammer Needs to Come Down"

Rather than letting the market work its magic… or addressing inequality solely through “bottom up” policies… America [] has to start looking at inequality from a different angle: from the top down. The hammer needs to come down on the corporations and the one percenters, hard. We need to crack down on their rent-seeking activities, eliminate the special protections they enjoy via unreasonable patent and intellectual property protections, wipe out their undeserved public subsidies and unfair tax breaks, dramatically increase marginal tax rates, and institute a tax on all forms of wealth. These people have too much money, which gives them too much power, and it is poisoning our society and our political process. The bulk of their money needs to be taken away.

Kathleen Geier

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