Secretary of State Hillary Clinton made a rare foray into domestic politics today, offering her view that — given America's high unemployment — wealthy Americans don't pay enough taxes.Number one, nobody is stopping Bill and Hillary from giving more of their money to the Feds. She can start kicking in any time she wants and then we can all see how many people come out of poverty because of that.
"The rich are not paying their fair share in any nation that is facing the kind of employment issues [America currently does] — whether it's individual, corporate or whatever [form of] taxation forms," Clinton told an audience at the Brookings Institution, where she was discussing the Administration's new National Security Strategy.
Clinton said the comment was her personal opinion alone. "I'm not speaking for the administration, so I'll preface that with a very clear caveat," she said.
Clinton went on to cite Brazil as a model.
"Brazil has the highest tax-to-GDP rate in the Western Hemisphere and guess what — they're growing like crazy," Clinton said. "And the rich are getting richer, but they're pulling people out of poverty."
Both Clinton and Obama campaigned for president on promises to allow the Bush tax cuts for wealthy Americans expire this year, a plan that is now part of Obama's budget. The move will effectively raise taxes sharply on people earning more than $250,000.
Secondly, having the government take rich people's money won't pull anybody out of poverty. Letting the rich people keep more of their money encourages investment and job creation, the only things that will pull people out of poverty.
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I recall a bit from a Little Orphan Annie strip of long ago: Daddy Warbucks' manufacturing plant had just blown up. Annie asks "Why'd you do it?" Reply, something like "They were going to take it away from me without paying for it, so now it's worth the nothing they were going to pay me for it."
I understood that then. I expect the Dems will never understand it.
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