For a moment, imagine a situation in which unbridled greed is extolled as a virtue. Imagine circumstances in which pathological gambling activities, the conscious promulgation of fraudulent financial instruments and the consensual validation of patently unsustainable business practices have been surreptitiously insinuated into the global economy. Do you think it would make sense to place a tax on individuals and corporations holding obscene amounts {ie, more than one million dollars for individuals and one-hundred million dollars for corporations} of toxic, ill-gotten gains?
Edited by Joe Romm, we cover climate science, solutions and politics. Columnist Tom Friedman calls us "the indispensable blog" and Time magazine named us one of the 25 "Best Blogs of 2010." Newcomers, start here.
Thanks for posting this Joe.
FYI, we also featured comments from Joe in our headlines from last week (with a feature interview with Hazel Henderson about the market meltdown): http://corporatewatchdogmedia.blogspot.com/2008/10/hazel-henderson-on-post-wall-street.html
Bill Baue
Co-host, Corporate Watchdog Radio
For a moment, imagine a situation in which unbridled greed is extolled as a virtue. Imagine circumstances in which pathological gambling activities, the conscious promulgation of fraudulent financial instruments and the consensual validation of patently unsustainable business practices have been surreptitiously insinuated into the global economy. Do you think it would make sense to place a tax on individuals and corporations holding obscene amounts {ie, more than one million dollars for individuals and one-hundred million dollars for corporations} of toxic, ill-gotten gains?