Let Those Who Broke It Pay To Fix It

10 Ways to Bail Out Wall Street (and Main Street)

Without Soaking Taxpayers in Debt

Who says we need to borrow a trillion dollars to save Wall Street from its own excesses?

Chuck Collins and Dedrick Muhammad, AlterNet:

Wall Street and speculators should pay now for the mess they created.

Instead of borrowing from the super-wealthy beneficiaries of the casino economy, we should tax them.

A Responsible Plan to Pay for Recovery: $900 Billion in New Revenue

Below is our 10-point program to pay for this broader bailout. This plan would generate $900 billion a year until the costs of the bailout and stimulus program are paid for.

1. A Securities Transaction Tax: $100 Billion...
   
   
2. A Wealth Tax Surcharge on Households with $10 Million: $300 billion...
   
   
3. A Corporate Minimum Income Tax: $60 Billion...
   
   
4. A "Disgorgement" Recovery From Profligate CEOs: $40 Billion...
   
   
5. An Income Tax Surcharge on Incomes Over $5 Million: $105 Billion...
   
   
6. An End to Overseas Corporate Tax Havens: $100 Billion...
   
   
7. The Elimination of Subsidies for Excessive CEO Pay: $20 Billion...
   
   
8. The Elimination of the Tax Preference for Capital Gains: $95 Billion...
   
   
9. A Progressive Inheritance Tax: $60 Billion...
   
   
10. The Elimination of the Mansion Subsidy: $20 Billion...

Economic Fascism Coming to America

By Robert Scheer, Truthdig:

Smell a rat if Congress approves the Paulson plan without major modifications that might help Main Street as well as Wall Street.

Meltdown: It's Not Just a Matter of Greed

Arthur MacEwan, Dollars and Sense:

Greed is a human constant, which begs the question of what it is that changed in the lead-up to this financial crisis.

McCain and GOP Pals' One-Page Plan To Save His Campaign ... er, the Economy

Steven D., Booman Tribune:

If you believe this one I've got a bridge to sell you in Alaska.