Tax the rich. « Fred Klonsky's blog

Tax the rich. « Fred Klonsky's blog

Tax the rich.

by Fred Klonsky

In January, President Obama named Jeffrey R. Immelt, General Electric’s chief executive, to head the President’s Council on Jobs and Competitiveness. “He understands what it takes for America to compete in the global economy,” Mr. Obama said.
I’m not Paul Krugman. I’m just a K-5 art teacher. I’m not up for a Nobel Prize in economics.
My theory of economics runs something along these lines: “You can’t get blood from a stone.”
If the government can’t meet its basic commitments then cutting food stamps, school funding and retiree’s