Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Two things are needed to be done right away. First is to pass a 'livable minimum wage' which takes into account actual living expenses and is indexed to rise with inflation. Santa Monica, California has it and I believe its about $11.50 per hour vs. the US minimum of $5.60 ? Require all countries to adopt a similar 'livable minimum wage' along with penalties for offshoring jobs which will be effective enough to limit many jobs being exported to other countries. Require low wage countries like Mexico, China etc to have their own 'livable minimum wages'; otherwise their exports are not allowed out of their own countries.

Raise the taxes on the wealthiest 10% to start with and limit the amount of money they are allowed to have offshore. Create a wealth tax for the top 25 %.

by An American in London on Fri Sep 19th, 2008 at 02:36:19 PM EST
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