I was listening to Thom Hartman today and he was discussing a very valid idea that Huey Long once promoted ... a Wealth Cap. What Thom was talking in terms of was a tax of 100% on any wealth over $999,999,999. That would still allow people to become very. very wealthy, but would eliminate an Aristocracy that would feel comfortable dumping $400 million dollars into an election to influence the outcome. There is no necessity for mischievous billionaire wealth hoarders in the United States of America.
Huey Long had the right idea in the 1930s and we would have been in much better shape today if we had enacted his plan. I'm glad Thom Hartman is resurrecting a modified version of Long's idea.
Wealth Cap: Yes!
Read the Article at HuffingtonPost
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