No financial Patriot Act

By Michael Fraase

Wednesday, 24 September 2008 08:21PM CST

Section: Politics

Bailout failSenator 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:

  1. A five-year, 10% surtax on annual income over US$500,000 (US$1 million for couples)
  2. Toxic assets must be purchased at a discount
  3. The citizenry receives an equity stake in companies participating in the bail out
  4. Creation of a major economic recovery package including the rebuilding of infrastructure and development of sustainable energy
  5. Repeal of deregulatory legislation
  6. Breaking up any company determined to be “too big to fail”

If you agree with this, sign the petition.

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