Friday, September 26, 2008

Here's a real solution to the financial crisis

Tax trading on Wall Street!: ["How Wall Street Can Bail Itself Out Without Destroying The Dollar"].
Create an agency to help bail them out, tax the transactions on Wall Street to pay back the bailout loan. The key here is "investment" versus "speculation" ... the difference between investing for the long haul and flipping. I have been talking about this for a very long time. The nation needs long-term investing, something that actually creates jobs, and not speculation. Brilliant column and a great idea, coming out at just the right time.

1 comment:

Nick said...

Contrary to what the main stream media says, wall street as a whole (capitalism) should not be blamed for the actions and policies set forth by OUR congress. There are, in fact, corrupt men in wall street who partnered with corrupt men in government to engineer a win-win situation at the expense of the taxpayer. Capitalism (and our nation or any nation) will only survive when the good and virtuous people are running it. Which means, come this November, you must vote for good men and women who stand by principle and uphold our constitution and not just give lip service to causes that seem noble and just.