Wednesday, September 21, 2011
It's not class warfare.
" There is nobody in this country who got rich on his own. Nobody. You built a factory out there -- good for you. But I want to be clear. You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn't have to worry that marauding bands would come and seize everything at your factory... Now look. You built a factory and it turned into something terrific or a great idea -- God Bless! Keep a Big Hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along." - Elizabeth Warren
More about Elizabeth Warren, running for the Senate in Massachusetts, here.
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Right on the money.
ReplyDeleteI would like to add that during the 50's and early 60's, when I was growing up, and the American Economy was going gangbusters and growing like crazy, the maximum tax rate was 70%. And Corporations paid higher taxes than now, as well. As far as I know, most Rich People didn't go poor paying their taxes - nor did businesses go under doing the same.
I am so disgusted with the greed. Somebody making $10 million a year, and he/she doesn't want to pay more taxes. I am speechless.
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