The street protesters must turn the nation in a sharp turn back to Progressive policies.
We have tried Neo-liberal policies and they have made the rich filthy richer and made the bottom 80% of earners poorer.
We need to put MMT economists in charge of the economy.
Beyond that we need to invent a tax that the rich can't avoid or pass on to their customers.
If we assume that competition between corps. will make it harder for them to pass on taxes to their customers then we need to end the monopolies that have been allowed to be formed in the neo-liberal era. This will ensure that there is competition.
But, we still need some new kinds of taxes that are harder to avoid or pass on to the corps. customers.
My MAIN idea in this post is ---
1] Tax corps. with a progressive profits tax. If corps. are like people as the USSC has said then it is OK to impose a progressive income tax on them.
. . . The problem with this is that corps. have subsidiary corps. that they own. This lets them move profits around between their subsidiaries. They often even lose money in American subsidiaries and make all their profit in some foreign subsidiary.
So, 2] How about a progressive tax of the corps' stock price on the NYSE.
. . . The idea is to use computers to automatically keep track of every stock transaction and calculate the average price of every corps' stock every day and then average the day's prices over a month and and send a tax bill based on that average price to the corp..
. . . The rate charged should be progressive with larger corps. paying a larger percentage.
. . . The stock price is the *wealth* of the corp.. So this is a wealth tax, not an income tax. The corps. can't move their wealth around as easily as they can move their income/profits around.
Can anyone think of any way that the corps. could avoid this tax? A way for them to move their wealth reflected in their stock price elsewhere, etc.