

Exactly. The higher taxes should all go to healthcare, education and housing for working class people. And the leftovers should simply become dividends to provide additional support to the neediest. Oh and if people have issues with ‘welfare checks make people lazy’ or some other BS that’s repeatedly been proven to be nothing more than racist neoliberal propaganda then use the rest to fund something like the green new deal and all the jobs that will create. Or incubators for worker co-ops which are not only more fair and democratic in terms of allocation of wealth but make this kind of exploitative elite profiteering impossible.
I imagine you noticed this but that second citation (from your edit) has this at the top of the article:
Update August 9, 2020: Please be aware that this article was published in 2010 and that its content is no longer considered accurate. As it still gets regularly linked to from other websites, we will not delete or “unpublish” it. Instead, here is the link to a better take on this topic published by our late team member Andy Skuce in 2013: Global Warming: Not Reversible but Stoppable.