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Bill Clinton: Top 1% can afford to pay more tax

Bill Clinton: Top 1% can afford to pay more tax

Bill Clinton explains how the balance of incomes has changed since WW2. During the Bush Jnr's eight years in power, 90% of US income gains went to the richest 10%, with over 40% of those income gains going to the top richest 1%.

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Guest: (2217 days ago)
as sound as that logic is (and it is) it will fall on most republicans deaf ears. If it can't fit on a bumper sticker, or doesnt attack Obama and gays and praise Jesus they won't comprehend it.
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as sound as that logic is (and it is) it will fall on most republicans deaf ears. If it can't fit on a bumper sticker, or doesnt attack Obama and gays and praise Jesus they won't comprehend it.
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Guest: (2214 days ago)
Well his ‘logic’ is based on the premise that income somehow belongs to everybody, whatever the value of their contribution. If you don’t agree with that premise then nothing he says has any bearing. Note that people who make arguments like the one presented here avoid spelling out the premise of their position because they know very well it has some serious problems. … If the market is not to determine the value of your work, what will replace it? What is a more fair recompense than what someone freely chooses to give you for your contribution? The alternative is a bureaucracy to set the value of work, making it a political question… It’s true the market unfortunately can not determine all compensation and everyone is always trying to use the law, which already interferes in the market tremendously, to skew compensation in their favor but saying we need more interference from the government to straighten out the mess which is largely the result of badly conceived, corrupt legislation is like saying bleeding is the cure for hemophilia.
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Original comment
Well his ‘logic’ is based on the premise that income somehow belongs to everybody, whatever the value of their contribution. If you don’t agree with that premise then nothing he says has any bearing. Note that people who make arguments like the one presented here avoid spelling out the premise of their position because they know very well it has some serious problems. … If the market is not to determine the value of your work, what will replace it? What is a more fair recompense than what someone freely chooses to give you for your contribution? The alternative is a bureaucracy to set the value of work, making it a political question… It’s true the market unfortunately can not determine all compensation and everyone is always trying to use the law, which already interferes in the market tremendously, to skew compensation in their favor but saying we need more interference from the government to straighten out the mess which is largely the result of badly conceived, corrupt legislation is like saying bleeding is the cure for hemophilia.
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Guest: William J. Smart (2214 days ago)
Latest comment: I agree with the latter reader's comments, I had to buy Bournville dark chocolate the other day. BOURNVILLE! As I do not carry coinage and my lack of cash would meant that I would have had to take time (ME!) to go to the bank all by myself to withdraw money.
Original comment
Latest comment: I agree with the latter reader's comments, I had to buy Bournville dark chocolate the other day. BOURNVILLE! As I do not carry coinage and my lack of cash would meant that I would have had to take time (ME!) to go to the bank all by myself to withdraw money.
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