Elizabeth Warren on Fair Taxation

"There is nobody in this country who got rich on his own. Nobody. You built a factory out there - good for you. But I want to be clear. You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn't have to worry that marauding bands would come and seize everything at your factory... Now look. You built a factory and it turned into something terrific or a great idea - God Bless! Keep a Big Hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along." - Elizabeth Warren

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• elizabeth warren
• ElizabethForMA
• massachusets
• consumer protection agency
• consumer
• washington dc
• credit

[A86]

@extravamaenza - "His theory on Surplus Value sounds an awful lot like your staement"

Marx also talked about gravity, so anyone who agrees with Marx that gravity exists must be a Marxist. *eyeroll* Pretty lousy logic you're using there.

I didn't stop with Friedman or Rand either. Most right-libertarians are hypocrites who don't have problem with force when it comes to enforcing property or enforcing their so-called "free markets" on others.

[Ericwvb2]

@mixerd0822 Did you listen to the clip? You have never heard of marauding bandits going to factories and robbing them because we have laws, police, courts, etc., to make sure that doesn't happen. One only needs to look at a country such as Somalia or Afghanistan to see what happens when things like that do not work properly. And what pays for the laws, police, courts, etc.? Taxes.

[thesourceofx]

@Musicmonk84 that works for some things and not others. I happen to believe our government is involved in too many things and more should be as you say, but not everything and I still believe in taxes. Roads, police, and education are 3 things I think need national oversight, i.e. government. I also think the government currently does these things terribly, especially education, and needs a lot of reform.

[Musicmonk84]

@thesourceofx I think the best way to get money to the people is by the people doing it themselves through their own pursuit of employment. There should be no dependency on government funds or the funds of the rich to sustain ourselves. The concept of interdependency was attempted when the settlers first came to America and it didn't work, so they just said "If you don't work, you don't eat." And that fixed it.

[thesourceofx]

@Musicmonk84 I actually just had a discussion with a friend about that very thing. I think it's taken as assumption that the current best way to get money to the people is through the government and taxation. If the rich did more to give back in other ways then maybe they wouldn't need to pay taxes, but they don't really do that, so they have to argument for why they shouldn't have to pay taxes.

[Musicmonk84]

@thesourceofx But wait, she's talking more about paying each other money. Taxes is paying to the government. She's talking about paying to the people.

[Musicmonk84]

@thesourceofx Yeah, after watching it again that does make sense.

[thesourceofx]

@Musicmonk84 the reason I didn't hear her that way is because she only says "...part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along." That only implies that she believes the rich owe taxes, not specifically more taxes than they currently pay. And given the argument going on over taxes, and that the rich are trying to get less taxes than everyone else, well you see now why I think what I do about what she says.

[Musicmonk84]

@thesourceofx It sounded to me like she wants them to be taxed even more if they are successful. They already pay tons of taxes as it is.

[thesourceofx]

@Musicmonk84 I think the point is really that rich people are essentially lobbying to put the tax burdens less on themselves and more on the poorer Americans. Elizabeth, as well as most of the middle class, don't like that. This is her argument why the rich shouldn't be tax free like they want to be.

[theprez98]

Straw man

[rmcfad1]

And hey tuxguy, you follow her lead. And get your filthy hands out of my pocket too, ass fuck!