dianahsieh Posted December 5, 2008 Report Share Posted December 5, 2008 By Diana Hsieh from NoodleFood,cross-posted by MetaBlog Progressive hopes for July 4th, 2009, as reported in a fictional New York Times: www.nytimes-se.com. Click on some of the articles, if you have a strong stomach. They're quite revealing. Cross-posted from Metablog Quote Link to comment Share on other sites More sharing options...
Maximus Posted December 5, 2008 Report Share Posted December 5, 2008 Kind of like a collectivist's wet-dream. Quote Link to comment Share on other sites More sharing options...
Maarten Posted December 5, 2008 Report Share Posted December 5, 2008 That is the most disgusting thing I have ever had the mispleasure of seeing. Quote Link to comment Share on other sites More sharing options...
tito Posted December 5, 2008 Report Share Posted December 5, 2008 Oh dear.... If I had a more optimistic mind I'd say they were satire. Quote Link to comment Share on other sites More sharing options...
Mensch Posted December 5, 2008 Report Share Posted December 5, 2008 Details of S.A.N.E. Act Caps Wages. Caps salaries, in part to reduce the incentive of C.E.O.s to speculate wildly with investors’ funds. Busts Trusts. Breaks up financial conglomerates and reinstate the 1933 Glass-Steagall Act keeping investment banks and commercial banks separate, in order to reduce speculation. Taxes Speculation. Spearheads an international 1 percent tax on financial transactions, to slow speculation and reduce market volatility. Stabilizes Mortgages. Keeps Fannie Mae and Freddie Mac, which were formed to boost home ownership, under government management, and imposes a moratorium on foreclosures. Invests in Housing. Reinvests in public housing and renews rent control, until the “ownership society” becomes real. Prices for True Cost. Establishes a “true cost” pricing system to ensure that prices reflect the true cost to society of products, services, and practices. Taxes Inheritance. Establishes a 100 percent tax on inheritance for fortunes over $500,000. These revenues will enable a quicker implementation of universal health care, affordable housing, guaranteed college education, and other measures considered standard in almost every other developed country. Sets Emergency Tax. Provides for an emergency surtax on the wealthy in case of future financial meltdowns, to further discourage the sort of reckless speculation that fueled the latest banking crisis. Limits Derivatives. Regulates and streamlines the market in abstract financial instruments, especially those derivatives and derivatives of derivatives which serve no social purpose whatsoever. Ha Ha Ha -- if it was not so sad -- that is just about what will be in the offing Quote Link to comment Share on other sites More sharing options...
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