Except that is not their mission. They are buch of leftist thinking they are representing the 99%.
I actually did read it, but it is too complicated for me to evaluate if it is good or bad. However, it is a regulation of the financial industry, aimed especially at corruption. It will do nothing about too big too fail. That is always going to be a problem. The solution of the too big to fail dilemma is to do what Sweden did in the 1990s. Nationalize the banks that fail.
That just means you are deluded. At max this tax will bring in 70 billions of revenue (Obama's prediction). The deficit today is at 1300 billion dollars. Experience from Britain, showed that their 50% tax rate gave negative income. Don't forget, if you include state taxes, and the health care tax increase it will be the same rate.
Most Americans are idiots, and believe whatever the media tells them. You know better, increasing taxes on the rich is no solution to the deficit problem. After the taxes are increased on the rich, you will have to increase it again because the tax increase will not bring in enough revenue. If we are going to increase taxes, we should increase taxes so it will give enough revenue to affect the deficit.
Actually if you see here, revenue in 1986 is increasing not decreasing
Government Taxes and Revenue Chart: United States 1970-2015 - Federal State Local Data
So his tax cut from 50% to 28% didn't have any effect on the revenue.
Why did debt increase, because he spend heaps on the military, but that is another story.
Except revenue has been stable, while it is spending that has increased. If you want evidence, spending has increased from 18% to 22% of GDP, nondefense federal spending has gone from 8% to 17%. However, federal revenue is the same. What seems to be the problem is that spending is increasing, but no one wants to increase taxes.
You can be in favour of higher taxes and more spending, but you won't be able to pay for it by just taxing the rich.
Bull****. Most indicator show that there is large decline in work ethics in the younger generation both in Europe and the US.
For instance, if the work ethic is not declining why is obesity on the rise, why is the graduation rate dropping
http://www.teapartyactivists.com/wp-content/uploads/2010/09/High_School_Graduation_Rates.jpg
why is Americans not studying the sciences?
Please read what I said. I said that Obama do not want to reverse Bush Tax cut, not that he didn't want to tax the rich. You may have not heard this from huffingtonpost or MSNBC, but Bush Tax cut was a tax cut to everyone. Most of the tax cut went to the 99%, which Obama has no plans to reverse. The only way to solve the deficit by increasing taxes is to reverse the Bush Tax cut, not just the ones for the rich.
Use your brain. You are thinking in this pattern. Do I like outsourcing. No. What is the solution, punish the ones who outsource.
But you need to think about the unintended consequences. Just because something sounds good, doesn not mean it actually will work. For instance if you start punishing companies who outsource, they may just leave the US and set up a base in another country. That is much worse. It could also cause insecurity for what the US would do next, and the ones who stay may invest less.
For me trickle down economic makes no sense, and I have never supported it. I do not believe that by making rich people richer, somehow the poor will be richer. I however do not think class warfare will solve any problem. If you want evidence, then just take a look at Venezuela or any of the basket case economies who have tried to fight the market forces.
I think putting up a proper regulative environment that is fiscally responsible, that tries to work with the market forces instead of against them, and gives incentives for people to invest in the economy will help the economy the most.
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