Posted on 05/28/2010 8:12:01 AM PDT by SeekAndFind
The rich are not being taxed enough and the economy is suffering for it, Secretary of State Hillary Clinton said Thursday.
The former first lady broached the subject during a national security discussion at the Brookings Institution. She lamented that the United States has lowered taxes on the wealthy and said nations around the world need to "increase their public revenue collections" to spur investment.
"The rich are not paying their fair share in any nation that is facing the kind of employment issues (the United States is), whether it's individual, corporate, whatever the taxation forms are," she said.
Clinton pointed to Brazil's high taxation as an example that other countries should strive toward.
"Brazil has the highest tax-to-GDP rate in the Western Hemisphere and guess what -- it's growing like crazy. And the rich are getting richer, but they're pulling people out of poverty," she said. "There is a certain formula there that used to work for us until we abandoned it, to our regret in my opinion."
Clinton cautioned that she was not speaking for the Obama administration as a whole.
(Excerpt) Read more at foxnews.com ...
I wonder if she mentioned the earnings of Barack Obama, George Soros, Michael Moore and other multi-millionaires who don’t seem to be paying their fair share?
Then I might think they are serious and not just hypocritical bastards.
Is this why Brazilian illegals are in the USA all over the place and how they do not want to go back to that violent dump.
I guess Brazil can develop offshore PETROLEUM energy and can get the USA to fund it.
Yes Hilary, we should be like Brazil.
Poverty in Brazil Facts
http://poverty.suite101.com/article.cfm/poverty_in_brazil
She wants us serfs to live in quarters that smell like a linebackers @ss after the fourth quarter!
Brazil should be our example - very indicative of what they want in a society.
Really really RICH people and people in gov’t having all the perks and lifestyle,
and very very POOR people living in squalor.
Elitists like Hillary DESPISE the idea that the middle class can live essentially the same lifestyle as the elite can.
See post 6 for an explanation of the mindset and motivation.
This, from the former first lady of Arkansas, who once donated Slick’s uses boxers to charity, claiming 50 cents a pair as fair market value on their tax return
The truly rich don’t pay anything because they have the ability to arrange their affairs in such a way that they do not have “income”. That is one of a long list of reasons why we MUST get rid of the communist inspired income tax and replace it with something much more in keeping with what our founders envisioned.
Rio would make a perfect model. Rich kleptocrats in high rise splendor, and the rest of us peons living in hovels.
So Hillary Clinton wants us to be more like Brazil while Hussein Obama wants us to be more like Spain.
Are there any Democrats who want America to be more like...., I dunno, America?
That’s EXACTLY what they want.
They have ENOUGH money themselves to live whatever lifestyle they’d like. They DESPISE the idea that others can live a little bit like them.
They want there to be a huge DIFFERENCE between the lifestyle they live and the lifestyle of the masses. It makes them, as elitists, feel even more elite.
The top tax rate under Carter was 70%. The economy was sure booming then!
“Atlas Shrugged”
The top tax rate in Brazil is 27.5%. Thats much lower than the USA
The idiot doesn’t even have her facts right!
http://www.worldwide-tax.com/brazil/brazil_taxes.asp
Those crazy ‘progressives’ and their revision of history (and reality).
http://theautomaticearth.blogspot.com/2010/05/may-26-2010-economics-and-nature-of.html
So please listen closely: All the TARP bailouts, stimulus debt and Fed loans won’t work. Neither will a new conservative government. This is not a basketball game. We are not channeling Chick Hearn, calling this game before the final buzzer. While we prefer the illusion that “this time really is different,” eight centuries of history suggest otherwise:
“The lesson of history, then, is that even as institutions and policy makers improve there will always be a temptation to stretch the limits. ... If there is one common theme to the vast range of crises ... it is that excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom. ... Highly indebted governments, banks, or corporations can seem to be merrily rolling along for an extended period, when bang — confidence collapses, lenders disappear and a crisis hits. ... Highly leveraged economies ... seldom survive forever ... history does point to warnings signs that policy makers can look to access risk — if only they do not become too drunk with their credit bubble-fueled success and say, as their predecessors have for centuries, ‘This time is different’.”
No, “this time” it’s never different. Get it? In the end, it doesn’t matter what happens to the Dodd-Obama financial reforms. The endgame’s never a Black Swan, it’s a very White Swan well known to historians — guaranteed, inevitable and inescapable. This time is never different. The clock’s flashing. Huge point spread. Think bear, think crash, think end of capitalism, think Great Depression II ... This is no buying opportunity, this game’s in the refrigerator, call it.
"Clinton cautioned that she was not speaking for the Obama administration as a whole."
Bring it, Hillary.
It’s best to get the civil war over with sooner rather than later.
Brazil’s economy seems to be doing well, at least in part due to American auto makers moving manufacturing plants, and the jobs that go with them, down there to escape the insanity of the UAW and federal regulation they have to put up with here.
Wouldn’t that be people like her and her friends.....
Yeah,and clean it up afterward. Seem to recall reading somewhere that a huge oil field has recently been discovered off the coast of Brazil. However, as I also recall (too lazy to research)the field resides in a trough about two or three miles down. Now, we are pushing the outer edges of current technology with the attempt to cap the BP well spewing out in the Gulf of Mexico. Just imagine the odd’s of capping an oil well leak two or three miles under the ocean....
“Brazil has the highest tax-to-GDP rate in the Western Hemisphere and guess what — it’s growing like crazy. And the rich are getting richer, but they’re pulling people out of poverty,”
So why are all the poor illegal aliens heading NORTH instead of South! Why do all the Haitians go to the US instead of Brazil!
Wonder if a tax gene can be removed from a democrat?.
There is no wealth tax, so no, the rich can get by without paying their fair share.
There is an income tax, though, so the productive are Taxed Enough Already. Raising income tax rates will only affect the productive, not the wealthy.
Hillary, you first.
If she’s not speaking for the Obama administration on this, why is she speaking publicly on it at all? It does appear as if she is trying to stir the Democrat base again.
The removal of Bush tax cuts next year, means an automatic tax increase, sure they want more.
There is a certain formula there that used to work for us until we abandoned it, to our regret in my opinion.”
What is she talking about? Capitalism?
But have you been to Oklahoma?
Who determines what fair share is? Interesting the financial reform bill will collect your personal financial data, must by so they can see who has too much.
These people are truly crazy....
And I hope that those who elected them get a gut full!
She should gather up all her liberal friends and have them send in 98% of their income in all categories. Done deal. Since it’s a free country (sort of) I’ll pass.
But they could tell you everything about the "Biggest Loser", and "Oprah".
Is EVERYONE in the entire Demoncrap Party STARK, STARING insane????
This is why I can’t understand why some people on the right think hillary would have been better than obama. They both support the same leftist policies.
A house divided against itself cannot long stand.
Time to throw all the damn liberals in the Marianas Trench.
Hillary is an Alinskyite and globalist
This administration is full of Clinton admin. people.
And the democrats will install a lot more taxes in 1/2011.
Conclusions often appear to be insane to someone else with a different worldview because those “insane” conclusions are based on a completely different premise or worldview.
Theirs happens to be WRONG, and based on infernal deceptions, but their conclusions are completely “sane” when you start from the same basis.
Make that $2 a pair.
Hillary, be my guest. There isn’t any law prohibiting you from donating $100 million to the US Treasury.
The highest marginal income tax rate in Brazil is 27.5%, capital gains are taxed at 15%, dividends from domestic corporations are tax free. The corporate tax rate is 24% to 34%, depending on the surcharges.
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