Wall Street and Washington have their “bailout” plans ... and we have ours:

1. The seizure and takeover of all banking and financial institutions, their placement into common ownership under the direct control of workplace committees in conjunction with working people’s account-holding commissions.
2. Opening of the books of all financial and banking institutions, and of all corporations demanding “bailout” by the government, for examination and reorganization by the working people’s account-holding commissions.
3. The takeover, re-tooling and re-opening of all production facilities closed down in the last 10 years, their placement into common ownership under the direct control of workplace committees and working people’s economic commissions.
4. The organization of “public works” programs under the control of workplace committees, in consultation with locally-elected Reconstruction Commissions, to rebuild infrastructure, public facilities and residential neighborhoods.
5. Nullification of all mortgage, student loan, health care, home utility (electricity, natural gas, water) and credit card debt. Prohibition of the use of credit reports and non-criminal background checks as a condition of employment.
6. A minimum weekly wage of $800, adjusted to the cost of living and tied to the rate of inflation. Unemployment benefits raised to this minimum wage, provided for as long as someone is unemployed.
7. Mandatory price freezes and rollback to year 2000 levels on all goods and services, and on rent prices. A sliding scale of wages and hours to aid in the elimination of unemployment and poverty.
8. Abolition of the payroll tax and all “sin taxes” on articles of consumption. Abolition of income taxes for families who earn less than $62,400, and for individuals who earn less than $41,600, annually. Restoration of pre-1964 tax structure for higher incomes.

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