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Financial Plan for America can make use of Capital Repatriation

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
EVDebs Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-01-07 03:19 PM
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Financial Plan for America can make use of Capital Repatriation
Bernie Sander's Financial Plan for America
http://www.truthout.org/docs_2006/020107F.shtml

globalization tax, AKA 'capital repatriation' is already being used to cover the cost of the Iraq War, around $360 billion so far. An old webposting by the ASA shows that,

American Shareholder's Assn. Scorecard on Capital Repatriation $217 billion can increase another $100 billion


This globalization tax is essentially what corporations should have been paying all along, since corporate taxes have dropped from the 30% level near the end of WWII to something under 10% nowadays
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