Hillary Clinton: You ROCK! "The Rich Aren't Paying Their Fair Share"

I love this woman.  Hillary Clinton spoke at a conference at the Brookings Institute today, and - well - said what I think a lot of people would like to say:
"The rich are not paying their fair share in any nation that is facing the kind of employment issues [like the U.S.] – whether it's individual, corporate or whatever the taxation forms are," Clinton said after clearly stipulating that these were her opinions, not those of the Obama administration.

Clinton went on to cite Brazil, long known for its high taxes, as a model of a successful economic policy.

"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."

"There is a certain formula there that used to work for us, until we abandoned it, to our regret in my opinion," she added.  Click here to read more.
I love it!

I wish more people on the national stage had the guts to call a spade a spade.  This is reality, and we've swallowed a lie that the rich need to be placated and buffered for anyone else to be able to capture crumbs off the floor (I say this, fully cognizant that I am in a strange liminal space: both representing the wealthy and powerful as middle class bourgeoisie, but also captive - like so many - to debt, health insurance, and the struggle for some kind of retirement security for the long term).

Anyway: God bless you, Hillary Clinton.


Steve Hanchett said...

Really? Is that the answer? Its an easy target but not well thought out. I work with a non profit that works with children. We were expecting a large donation this year but it doesn't look like it will happen. Why? Uncle Sam is taking it. Not far from where I live a pharmicist who makes a sizeable income with his business is building a very nice home. I drive by every day and see construction workers on the job. I know some of them. They are happy someone has the money to build. I'm not sure they would be helped much by the soak the rich crowd.

Geoff said...

Yes, let's blame the rich...again. Let's blame the people who create the companies that hire the people who pay taxes and buy the products that other rich people manufacture and make available at reasonable prices.

Let's tax the 5% who pay over 57% of the taxes collected in this nation.

Do your homework, people. The rich are NOT the enemy. If I create a product, market it and am taking ALL the risk, I should reap the benefits of my investment. Why? Because I spent the money that created a product people want, manufactured, distributed and sold by people who have jobs in part because of my efforts and investment and financial stake in creating the product.

Peter said...

I'm afraid I beleive the opposite: I think trickle-down economics is an easy answer but not well thought out.

Geoff, you're an angry dude.

pastormack said...

I've been to brazil, and they have slums that nothing in the US can rival. This is a very connection to make.

The real question is: what constitutes "being rich"?

Patrick A said...

I think its amusing that the word "taxes" invokes emotional luggage very similar in nature to "punishment". Honestly, shouldn't it be provoking us the same way that "duty" does? Why is it that when people defend trickle down economic structures they use language that supports the punishment viewpoint? Geoff provides a great example when stating he should be able to reap the rewards of his capitalistic endeavors, suggesting that taxing these efforts is in some weird way a punishment.

Its almost like a weird straw man fallacy where the concept of "taxes" is drenched in a downpour of negative connotations and then later on the argument becomes "You shouldn't do this to me!".

Taxes are a responsibility. They are everyone's responsibility. Paying taxes should be done because you feel a civic obligation to give back to local and federal institutions which provide services for others.

I think what Mrs. Clinton is hinting at is that the upper class should feel a stronger moral obligation to perform this duty rather than flail their arms and refuse.

Peter said...

Pat! So well said, I almost didn't realize it was you ;) Nicely put, bro.

Geoff said...

Geez, you guys like to skew facts to your advantage. I am not against taxes. I just think that it is interesting that you ignore the reality that 50% of the people in the US don't actually pay much at all, if anything, in the way of taxes.

You reap the benefits of corporate investment in product development and creation. You reap the benefits of corporations providing discounted goods and services. And then you complain that these same corporations - analogue for "the rich" - don't pay enough in taxes?

You don't even know me, yet you decide to pillory me because I am in favour of limited government interference. That does not mean that I think corporations should get away with murder, raping the environment and cheating people through inflated prices and all that other stuff that is ethically reprehensible.

You conveniently ignore the fact that 5% of the taxpayers pony up 57% of the taxes paid to the government, and that 50% pay little to nothing at the end of the day.

It is not I who has the problem here. I am not a consumer in the "throw away" society manner most Americans have become. I don't expect the government to give me "entitlements".I own a company. I work hard to keep what I have built a going concern, pay my taxes, which right now are fair, and expect to be left alone to conduct my business (legally) without government interference. That is not too much to ask.

If you think I'm angry, consider what I stand to lose by government intrusion into my privacy, which is approaching the level of unwelcome and proto-tyrannical.

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