Let the mega and ultra rich take their capital-gains-based, inherited-without-struggle wealth and create high-paying jobs.
Thanks to the Citizens United Supreme Court decision, the mega and ultra rich now have a new untapped investment vehicle – the government. After they finish buying the government, they will implement their new austerity program.
First, they will create a few jobs by hiring their poorer rich friends into new high level government jobs. These new jobs will do nothing except manage the collection of new taxes from the rest of us.
They will also expand the contracts with Xe (Blackwater) and pay higher salaries to more of them to go out and forcefully collect these new taxes from the rest of us.
As a key element in their new austerity program, the new plutocratic government will raise tax rates to 91 percent for everyone earning less than $250,000 a year. We will all have to learn how to live off of 9 cents of every dollar we can get.
Of course, all of the new poorer rich government employees and Xe privateers, will be given no less than $1,000,000 a year. At this level of income, they are in the new 10 percent tax bracket. They are also eligible for tax credits of up to 10 percent for any out of pocket expenses incurred while collecting taxes from the rest of us.
What else should we expect from the gift of greed we have given them for so many decades.