Paying for a Strong Economy: Seven New Revenue Sources to Revitalize America and Reduce Financial Speculation

Source: John Cavanagh, Chuck Collins, Alison Goldberg, Sam Pizzigati, Institute for Policy Studies, February 2009

Where will the money come from to create jobs, reform health care and build a green infrastructure?

In our new report, IPS and Wealth for the Common Good identify $500 billion in new revenue with targeted tax hikes on the wealthy, closing overseas tax havens and levies on speculative investment. “Paying for a Strong Economy: Seven New Revenue Sources to Revitalize America and Reduce Financial Speculation”, argues that taxes on the wealthy don’t hurt consumption and discourage the type of speculation that fueled the high-tech and housing bubbles.

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