Geithner: 'Privilege of Being an American' Is Why Rich Need Higher Taxes
Feb 24, 2012 • By DANIEL HALPER
"That’s 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."
Here's the video:http://www.weeklystandard.com/blogs...xes_631859.htmlMy Comments: In the first place, Geithner was appointed to his position by the Obummer with a tax debt that was intentionally unpaid !!
In the 2nd place, I wonder what those almost 50% of Americans that pay NO federal taxes at all pay for THEIR privilege to be an American. Nothing, Of course. They are Obummer voters.
if socialists understood basic economics, they would not be socialists.