4. A strong middle class is vital to democracy.

In 1792, James Madison defined government's role in promoting an American middle class, "By the silent operation of the laws, which, without violating the rights of property, reduce extreme wealth towards a state of mediocrity, and raise extreme indigence toward a state of comfort." To say that somebody who earns millions a year by arbitrage "works that much harder" than a middle-class wage earner is simple nonsense. We recommend restoring inflation-indexed income tax and inheritance tax rates to those that were extant from the 1930s to the 1960s - during the golden era of the American middle class. We also recommend that government become the "employer of last resort" by taking on public works projects and supporting the arts, as it did during that era, and establishing a truly livable minimum wage.