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 ...
"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".
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