A proposal (which I have CC’d to my congressmen) for paying back the American taxpayer for bailing out Wall Street:<\/p>\n
Impose, as some have already suggested, a .25 per cent trading fee on all future stock transactions<\/a>.\u00a0 But better yet, put the money collected into an interest-earning fund, then return all, or a substantial portion of, the money directly to American taxpayers in the form of annual dividend checks, as they do up north with the Alaska Permanent Fund<\/a>.\u00a0 Call it, if you like, the American Permanent Fund (\u00a9 2008 by Paul Woodford, thank you).<\/p>\n Now that’s payback regular people can understand.\u00a0 You want public support for your Wall Street bailout plan?\u00a0 This is how to get it.<\/p>\n My wife tells me I’m too cynical.\u00a0 As I have just demonstrated, though, I’m still capable of astonishing leaps of naivete!<\/p>\n","protected":false},"excerpt":{"rendered":" A proposal (which I have CC’d to my congressmen) for paying back the American taxpayer for bailing out Wall Street: Impose, as some have already suggested, a .25 per cent trading fee on all future stock transactions.\u00a0 But better yet, put the money collected into an interest-earning fund, then return all, or a substantial portion […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,10,8],"tags":[],"class_list":["post-615","post","type-post","status-publish","format-standard","hentry","category-big-brother","category-current-events","category-politics"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts\/615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=615"}],"version-history":[{"count":7,"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts\/615\/revisions"}],"predecessor-version":[{"id":660,"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts\/615\/revisions\/660"}],"wp:attachment":[{"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pwoodford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}