Plutocracy: If Corporations and the Rich Paid 1960s-Level Taxes, the Debt Would Vanish
Check out this bit:
This “debt crisis” in no way had to happen. No natural disaster, no tsunami, has suddenly pounded the United States out of fiscal balance. We have simply suffered a colossal political failure. Our powers that be, by feeding the rich and their corporations one massive tax break after another, have thrown a monstrous monkey wrench into our national finances.
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So why aren't we taxing the rich? Why are we now suffering such fearsome “debt crisis” angst? Why are our politicos so intent on shoving the “fiscal discipline” of layoffs and cutbacks — austerity — down the throats of average Americans?
No mystery here. Our political system is failing to tax the rich because the rich have fortunes large enough to buy off the political system.
The sentence in red got me to wondering - wouldn't it just be as simple for the rich to pay taxes as it is to buy off the politicians? And wouldn't be interesting if the politicians made it illegal to take a contribution from anyone (real or imagined (i.e. corporate) of more that $1000. It might also just make the obnoxious ads on TV go away.
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