Wednesday, January 06, 2010

Paying for the Health Care Bill

I have an idea for Nancy and Harry--

25% VAT on attorneys' invoices. With the US legal industry raking in about $230 Billion per year, that would be $57 Billion in added revenue.

It would have the added benefit of raising legal costs on the end user and reducing the demand for legal services.

I would also propose a 50% "windfall" tax on attorneys fees derived from so-called "blockbuster" punitive damage awards. I couldn't readily find the statistics on that, but it seems like another good place to squeeze out some revenue that isn't shouldered by the productive class.

Posted via email from The Invisible Sand

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