[lbo-talk] Tax the wealth of the rich

[C. G. Estabrook]

Approximately a quarter of all income in the US now goes to the top 1%, while 
most Americans' income is lower today than it was a dozen years ago.

An 15% tax on investible assets (as opposed to income or even net worth) over $1 
million would have eliminated the 2009 deficit - and 99% of Americans would have 
been exempted from that tax.