10 votes

Schiff's Article - Where was the "economist" Krugman with these numbers?




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Good article

I think it still misses the external taxes paid disproportionately by the lower classes. Those include everything from licenses, fees, fines and more. I doubt, however, that it would change the tone.

My questions would be, "Why can't we tax the fractional banking process or any other financial game where people can leverage other people's money for profit? How about taxing every stock trade? What's 1% of the $700T derivatives market? What about when companies write off billions from lost debt?"