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Geithner: 'Privilege of Being an American' Is Why Rich Need Higher Taxes
Weekly Standard ^
| 11:00 AM, Feb 24, 2012
| By DANIEL HALPER
Posted on 02/25/2012 6:26:21 AM PST by bestintxas
"Thats the kind of balance you need," said Geithner. "Why is that the case? Because if you don't try to generate more revenues through tax reform, if you don't ask, you know, the most fortunate Americans to bear a slightly larger burden of the privilege of being an American, then you have to -- the only way to achieve fiscal sustainability is through unacceptably deep cuts in benefits for middle class seniors, or unacceptably deep cuts in national security."
(Excerpt) Read more at weeklystandard.com ...
TOPICS: News/Current Events
KEYWORDS: geithner; taxtherich; turbotaxtimmy
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To: bestintxas
More proof that the obama cabinet is well-stocked with idiots.
What I have NOT seen, is an estimate of how much revenue could be generated by the 50% of Americans who currently don't pay any taxes if they only had to pay 10%.
We're talking half the population of America...and the obamaidiots think soaking the rich is going to pay off president spendthrift's debts?
What would be the difference in revenue if we taxed the rich to the max, and the non-paying half to a 10% minimum.
There is no successful economy that could survive for long with half of the population supporting the other half.
Let's stop all of the entitlement waste, and deal with the riots as we come to them. It's going to have to be done sooner or later, there is no way around it.
41
posted on
02/25/2012 8:50:44 AM PST
by
FrankR
(You are only enslaved to the extent of the entitlements you receive.)
To: bestintxas
if you don't ask, you know, the most fortunate Americans to bear a slightly larger burden of the privilege of being an American Typical libtard mentality: The good need to be punished for being the good
42
posted on
02/25/2012 9:09:21 AM PST
by
mjp
((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
To: mosaicwolf
I think we should have political UFC night!
It would be a privilege to take on Tiny Tim in a match of mash face!
Whatever happened to duels? Can I make challenge?
43
posted on
02/25/2012 9:15:24 AM PST
by
Bshaw
(A nefarious deceit is upon us all!)
To: bestintxas
The hypocrisy of these creeps is sickening. This twerp is a complete tax cheat just like some so many of his RAT cohorts in the administration
44
posted on
02/25/2012 10:36:55 AM PST
by
kenmcg
(How)
45
posted on
02/25/2012 11:45:50 AM PST
by
SunkenCiv
(FReep this FReepathon!)
46
posted on
02/25/2012 11:48:33 AM PST
by
ButThreeLeftsDo
(FR: Now, More Than Ever.)
To: ExTexasRedhead
The Elf Lord must be given a room at Club gitmo immediately!
47
posted on
02/26/2012 12:48:59 AM PST
by
sheik yerbouty
( Make America and the world a jihad free zone!)
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