Friday, June 17, 2011

Debt and Ceilings

Although America is supposedly living beyond the budget, there are Americans that could feed, house and educate cities-millions for a generation without exhausting their capital.

Seems to me there's an escape clause in every tax law to date. But, a new way to get the superrich untaxables would be a Wealth And Assets Tax!

Citizens only pay on what they acknowledge owning - start at one percent.
Anything not acknowledged becomes the peoples, anything significantly disputed might be auctioned or purchasable?
Might help balance the budget - and pay the interest on borrowings instead of default.

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