The End of Welfare as We Don't Know It

James Baird jlbaird3 at
Tue Oct 13 10:15:46 PDT 1998

>Bottom line is that the rich will not finance
>socialism, social-democracy, or even national
>health insurance. Not even close.

But they can sure give it the old college try, can't they?

How about, for starters, cutting some of the overt subsidies to the rich - most pentagon spending, mortgage deductions, state and local corporate givaways. Remove the cap on SS, and reduce the rate. Practice confiscatory taxation above say, $2,000,000 (I'm a Huey Long fan, but with inflation and all...) Institute a wealth tax. Raise gas taxes, move the money into mass transit. You could get your extra $500b or more without breathing hard.

I realize there's not a chance in hell this will come to pass, but come on Max, this ain't brain surgery! Have you been in D.C. so long you can only think in terms of making things worse less quickly?

Jim Baird

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