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Interesting idea, good discussion. However, remember that Trump Inc. has been on trial for his secret perk packages (in lieu of wages). A "Tobin tax" on all financial transactions would better trim their sails. Or a higher tax on capital gains. Why not just close all the tax loopholes. But the real doozy to me is the ceiling on Social Security contributions. You (most likely) and I paid SS on every dime we even made, but the rich only pay on the first 160K they make. No wonder it is going broke. SERFS UP!

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Greg Daneke, Emeritus Prof.
Greg Daneke, Emeritus Prof.

Written by Greg Daneke, Emeritus Prof.

Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.

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