Senator Bernie Sanders (I-Vermont) has the best plan for resolving the US financial crisis I’ve seen yet. It’s not perfect, but it’s a pretty dang good start. Sanders proposes:
- A five-year, 10% surtax on annual income over US$500,000 (US$1 million for couples)
- Toxic assets must be purchased at a discount
- The citizenry receives an equity stake in companies participating in the bail out
- Creation of a major economic recovery package including the rebuilding of infrastructure and development of sustainable energy
- Repeal of deregulatory legislation
- Breaking up any company determined to be “too big to fail”
If you agree with this, sign the petition.
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