Posted by: Dan Beucke on October 21, 2011 at 1:33 PM
A recurring theme of OWS coverage and commentary is the search for the movement’s demands. In the absence of specifics, Paul Krugman suggested, “it’s really the job of policy intellectuals and politicians to fill in the details.” Which many have been happy to do. (For some, the protests are a kind of Rorschach test, upon which they imprint their own agenda. My favorite: the gold investing site whose “7 Core Demands from the Occupy Wall Street Movement” include a “return to sound money.”)
The latest demand offerings come from Michael Kinsley. His plan would support jobs — “a really humongous jobs bill. Big enough to shut up even Paul Krugman” — while abolishing the capital gains tax break and the Bush tax cuts, for everyone, and expanding the estate tax:
For now, estates worth more than $5 million are taxed. Any expanded estate tax will undoubtedly have generous exemptions so that people can help their children. And anyone who doesn’t want the government to get any of his or her money can bequeath it instead to one of thousands of tax-deductible organizations, and pay no taxes on the amount donated. Anyone who can’t find some tax-deductible charitable cause that suits his or her prejudices is a nasty old coot.