Skip to comments.Hillary Clinton: Rich 'Not Paying Their Fair Share' in Taxes ("Brazil should be our example")
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
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!
The top tax rate in Brazil is 27.5%. Thats much lower than the USA
The idiot doesn’t even have her facts right!
Those crazy ‘progressives’ and their revision of history (and reality).
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.