May 28, 2010
Hillary Clinton: Rich 'Not Paying Their Fair Share' in TaxesTopics: Political News and commentaries
In complete accord with the wealth redistribution agenda of the Left, Hillary not only says the rich aren't being taxed enough, she used Brazil's high taxation as an example that other countries should strive toward.
Fox News reports:
The rich are not being taxed enough and the economy is suffering for it, Secretary of State Hillary Clinton said Thursday.No thanks, Hillary. Americans have no desire to share the poverty rate and conditions of Brazil, whose president hasn't figured out that higher taxes translates into fewer jobs and lower salaries.
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."
Posted by Richard at May 28, 2010 11:18 AM
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