Posted 6 years ago on Dec. 28, 2011, 8:46 a.m. EST by DavidGilbert
from Tampa, FL
This content is user submitted and not an official statement
More Democracy - Real campaign finance reform with public financing of federal elections. A constitutional amendment reversing the Supreme Court's bizarre rulings that under the First Amendment money is speech and corporations are people. End the filibuster - the continued tyranny of 40, the number of senators who can block action—perhaps representing as little as 10 percent of the American public.
More Jobs - A ten-year federal program that creates over 30 million jobs rebuilding America that includes infrastructure banks run by engineers, not politicians and a massive clean energy initiative that links some of those new jobs to workers in fossil fuel industries who otherwise would be displaced. Pay for it by taxing all Wall St. financial transactions at 1% raises $400 billion a year, end the wars and reduce military spending.
End The Housing Crisis - A national anti-foreclosure plan that is up to the scale of the problem would include principal write-downs of underwater loans, expanded refinancings for borrowers in high-rate loans, and forbearance for unemployed homeowners.
Reduce Financial Risk To Society - Break up the biggest banks. Reenact Glass-Steagall. Abolish credit default swaps. Derivatives must be traded on transparent exchanges. Ban "flash" trading.
A Fair Federal Tax Code - progressive taxation where the marginal tax rate should be raised to 50 percent on income between $500,000 and $5 million, 60 percent on income between $5 million and $15 million, and 70 percent on income over $15 million. There should be a 2 percent annual surtax on all fortunes over $7 million. The estate tax should be 55 percent and kicks in after $5 million. Capital gains should be taxed at 35 percent. End the home mortgage deduction on first homes over $1 million. End the home mortgage deduction on all second homes. Corporations should be taxed by a variable amount based on the percentage of their payroll going to US workers. A small business employing 100% US workers should be taxed somewhere between 15-20% while a company that has completely shifted its production overseas should be in the 50% range. Eliminate corporate loopholes, unfair tax breaks, exemptions and deductions, subsidies, end offshore tax haven abuse. Expatriation of capital should be subject to a maximum tax-rate penalty with violation considered a felony act.
Social Fairness - The fast-growing occupations in America are lower-paying service jobs, like home health care and food service, in which it’s all but impossible to make a living. To lift wages requires generous tax credits for low earners, a higher minimum wage, and guaranteed health care so that wages are not consumed by medical costs. Job training efforts must also focus on the service sector, helping to build so-called career ladders, say, from home health aid to licensed vocational nurse.
Better Schools - Copy Finland. Finland draws its teachers from the top 10 percent of college graduates, and teaching regularly beats out finance, law or medicine as a top career choice among high performers. It doesn't hurt that Finland's teachers study education at government expense and receive strong professional support throughout their careers. Properly compensate effective teachers. End tenure and LIFO for k-12 teachers nationwide and weed out the bottom 10%.
Protect The Environment - STRICTLY enforce the Clean Air Act.