[lbo-talk] Tax the wealth of the rich

[Dennis Claxton]

At 02:11 PM 1/5/2011, C. G. Estabrook wrote:


>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.
>

I've just begun reading some of David Cay Johnston's tax stuff.  So 
far he seems much more knowledgeable (and correct) than Barlett and Steele.