Les Leopold: Fear and Looting in America: Are We Really Out of Money?: "Here's a dangerous thought. What if we had a very steeply progressive wealth/income tax that reduced the net worth of the super-rich to 'only' about $100 million each? You wouldn't be suffering if you had $100 million kicking around. Now do the math: The 400 richest x $100 million each would equal $40 billion. That would leave about $1.52 trillion to help pay back the country for the Wall Street meltdown that we, our children and their children will be subsidizing."
(Via Huffington Blog.)
