I’m all for shared sacrifice. But I think it should be shared sacrifice of those responsible for this mess in the first place. So instead of punishing the super rich, who didn’t spend us into oblivion, let’s have shared sacrifice among those responsible for this mess.
I propose this:
- Collect the name of every member of Congress—Republican or Democrat—who ever voted for a federal budget that included a deficit.
- Determine which of these members are still living.
- Add the names of all living presidents.
- Increase THEIR taxes.
I propose that we tax all former members of Congress at a 50% flat tax rate. Former presidents would be taxed at a flat 75% of annual income. Finally, current members of Congress and the current president would be taxes at 100% of their annual income. Any other Americans who would like to can volunteer to join either of these groups (time to walk the walk, Warren!). These tax rates will stay in effect until the debt is erased and we have a balanced budget.
How about we stop coddling those who caused this problem in the first place?
August 30, 2011
[Yup. Those responsible should be the ones to pay the price for fixing the problem.
And if insufficient progress has been made by the time their term in office is over consideration could be given to auctioning off their body parts.—Joe]