yes i do agree it is a desperate attempt, but I'm glad to see that it's aimed towards lower incomes. If only we didnt have fucking lobbyists and big businesses backing individuals in our government, we could get higher taxes for the wealthy. The reason our economy is so fucked right now is because our wealth distribution is lop-sided.
The rich of America are not spending their money, it's hoarded in their bank accounts and is not be invested back into the economy. If the wealthy were limited to the amount of money they could hold onto, or be forced into high tax penalties, we could see that returned into new jobs and a better economy
But until the day that lobbying is outlawed and big businesses stop filling up our government leader's pockets, we will continue to be faced with recessions and eventually another depression like the 30's or 80's