Talton's Economic Reforms Proposals

Journalist Jon Talton has come out with the start of a list of economic reforms that are needed to correct and reverse the collapse into the abyss that has overtaken the nation. Among his recommendations are strong and serious regulation and oversight of the financial markets and the banking industries; an intense focus on anti-trust efforts; the end of high CEO and corporate boards pay; tax code modifications and improvements; the end of tax havens; campaign finance reforms; the cessation of economic bubbles by the Fed; no bailouts of corporations; and increased shareholder powers and rights. Talton will offer additional ideas shortly, and the tax code is an area that is in need of serious reform. A move towards simplification and progressivism is essential. Corporate taxes need to raised to fund one-third of the federal budget; a progressive income tax that includes at least 8-12 brackets needs to be implimented; policies are needed that penalize corporations who have more than a 17-1 disparity in the pay of executives and workers; and an ineligibility for government contracts and businesses whom pay executives total compensation greater than the President are among my proposals. There should also be zero federal income tax liability on anyone making less than $15,000 per year. Indexing the minimum wage nationally to local prices and costs such as rent, utilities, gasoline, and food is a move that long has been merited. Moving the American economy back towards an economy based on production rather than consumption is essential. and it will require a serious substantial decrease in the decades old addiction of military weapons and equipment being consumed nationally with virtually no benefits to the nation as a whole any longer as has been the case in the last two decades. The price of continuing the decades old regime of Military Keynesianism cannot continue.

http://roguecolumnist.typepad.com/rogue_columnist/2008/03/making-serious.html

http://www.tomdispatch.com/post/174923/turse_a_pentagon_s_who_s_who_of_your_life

http://www.huffingtonpost.com/shahid-buttar/subsidizing-corporate-cri_b_97908.html
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http://www.huffingtonpost.com/dave-johnson/bring-back-the-90-top-tax_b_99018.html
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http://www.informationclearinghouse.info/article19817.htm
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