07 Oct '11, 9pm

Wall Street should heed OccupyWallStreet via @MarcGunther

Marc, the proposed demands that you characterize as “laughable” are not so much on closer examination. After all, the list of countries that already offer free college education include many capitalist nations, including Argentina, Brazil, Denmark, Finland, Norway, Scotland and Sweden. A trillion dollars for ecological restoration is a drop in the bucket compared to the cost of not spending that, as the Stern Report pointed out. A trillion dollars for infrastructure spending would also avoid much higher costs of doing nothing, including the incalculable cost to lives (as shown by the collapse of the Minneapolis bridge); it would also create lots of good jobs here at home that would boost spending through the multiplier effect and increase tax revenues to spend down the deficit — a real fiscal stimulus. Just ending the Bush tax cuts could erase 75% of the budget deficit; if...

Full article: http://www.marcgunther.com/2011/10/07/wall-street-should-...

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