Quote:
Originally Posted by Member1
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Yes, interesting.
And here is an interview excerpt that refutes the statement of some posters on other threads that the "rich" don't pay taxes
:
"....We have an economy today where a large fraction of the population doesn’t pay federal income taxes and,
because of demand for entitlements, we have a system of massive representation without taxation. On the other hand, you have plutonomists who protect their turf and the taxation amounts are not enough to pay for everyone’s demand. So I’ve come to the conclusion that budget deficits are biased toward getting bigger and bigger. Budget deficits are going to become a manifestation of a plutonomy...."
Also, while I'm at it, the above statement also reminds us that
the so-called "entitlements" of low-income and unemployed people pale in comparison to the entitlements of corporations and wealthy individuals.
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