Wrong, all bank accounts are FDIC insured up to $250k-- this was developed precisely because of bank runs at the start of the Great Depression.
But to insure 90% of deposits it would cause hyper inflation.......everyones savings would become worthless, and then what?
Honestly, unless you want to start from scratch with some Maoish famine followed by the great anarchy communist revolution, I dont really see that getting off the ground.
Sorry, but nobody wants communism and all that entails, because it much worst on every level. Ya we all want a square deal, but nobody wants piss ant commissars taking away their economic liberty.
Nothing wrong with capitalism so long as there are regulations and responsibility. If anything you should be fighting for that, because the lack of regulation and responsibility is the real problem, not Keynesian economics in general.
Or to put it another way, you'd do yourself much better to take a page from Theodore Roosevelt when he went trust busting, than the IWW or something...
I'll get you started:
Our aim is not to do away with corporations; on the contrary, these big aggregations are an inevitable development of modern industrialism, and the effort to destroy them would be futile unless accomplished in ways that would work the utmost mischief to the entire body politic. We can do nothing of good in the way of regulating and supervising these corporations until we fix clearly in our minds that we are not attacking the corporations, but endeavoring to do away with any evil in them. We are not hostile to them; we are merely determined that they shall be so handled as to subserve the public good. We draw the line against misconduct, not against wealth.
State of the Union address (2 December 1902)
Read a lot better, makes a lot more sense, and people would actually be receptive to it, as opposed to something like
Instead of the conservative motto, "A fair day's wage for a fair day's work," we must inscribe on our banner the revolutionary watchword, "Abolition of the wage system."
It is the historic mission of the working class to do away with capitalism. The army of production must be organized, not only for everyday struggle with capitalists, but also to carry on production when capitalism shall have been overthrown. By organizing industrially we are forming the structure of the new society within the shell of the old.
Which is just flapidoodle
Topic: Occupy Wall Street protests