Wealth Tax

Perhaps we should consider this reasonable suggestion by John Hallee: "Not one dime of the bailout should come from the 99.9% of Americans who are the victims of Wall Street. All of it should come from the enormous store of assets controlled by the upper .1%. The way to do this is by instituting a Wealth Tax--a tax on accumulated assets above $10 million."

As I wrote a couple of days ago, if Henry Paulson would consider contributing just half of his vast fortune of $500 million made on Wall Street, then those of us of, ahem, lesser means would look more favorably toward the proposed bailout.