Economics, Taxes and Spending

Soaking the rich—now you can play at home!

Just discovered a great, great new web app called Soak the Rich. It allows you to pick and choose among industries (and CEOs) to slam with higher taxes:

Let’s start with a realistic goal: the 2011 federal deficit of $1.3 Trillion. Click an industry to double income taxes on the nation’s largest employers and take all of their CEOs’ pay. For more information, simply click each industry you’d like to soak. Track your progress below, and click the “Show Results” button at any time to see the impact of your new taxes!

I went for all the usual “villains”: banks, drug makers, insurance companies, Big Oil, etc.

 

But it didn’t get me very far toward a balanced budget:

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