An excellent catch from Ben Smith at Politico -- today, Secretary of State Hillary Rodham Clinton made a rare comment on the domestic economic situation: The
An excellent catch from Ben Smith at Politico — today, Secretary of State Hillary Rodham Clinton made a rare comment on the domestic economic situation:
“The rich are not paying their fair share in any nation that is facing the kind of employment issues [America currently does] — whether it’s individual, corporate or whatever [form of] taxation forms,” Clinton told an audience at the Brookings Institution, where she was discussing the Administration’s new National Security Strategy.
Clinton said the comment was her personal opinion alone. “I’m not speaking for the administration, so I’ll preface that with a very clear caveat,” she said.
Clinton went on to cite Brazil as a model. “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.”
Indeed: In Brazil, the rich are getting richer, but so are the poor. In the United States, for a decade now, the rich have gotten richer while the earnings of everyone else have stagnated.
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