July 2009 issue of the N.Y. Times

Nation Sets its Sites on Building a Sane Economy

True Cost Tax, Salary Caps, Trust-Busting Top List

By T. Veblan
Published: July 4th, 2009

Advance copies of the July 2009 issue of the N.Y. times were handed out yesterday. No more copies are available but the website is still up. Last night it was taking a loooooong time to load.

This is a snip from one of the headline stories. If you want to see the future that could be, read the whole paper. Pay special attention to the ads, at first they look exactly like any on line ad, until you read them.

For the rest of this story and all the news that we should be able to print, go to http://www.nytimes-se.com

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.

Since I don't want to be sued for breaking the fair use laws, this is all I can print.
Don't forget to read the ads. For the rest of this story and all the news that we should be able to print, go to http://www.nytimes-se.comEnter your Email





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