Tuesday, November 20, 2012

A VIP MOTU THINKS RAISING TAXES IS OK

I'm not so sure about his advice to pare down Social Security, Medicare and Medicaid but this I can support:
Goldman Sachs CEO: Entitlements must be contained
By Scott Pelley
November 19, 2012 7:18 PM
CBS Evening News

We wondered whether he thinks the government needs more revenue in the form of higher taxes.

BLANKFEIN: In the long run, there has to be more revenue. And, of course, the burden of that revenue will be disproportionately taken up by wealthier people. That's just logical.

PELLEY: So higher taxes on wealthier people?

BLANKFEIN: More taxes on wealthier people, to the extent that we need to raise more revenue, and we do need to raise some more revenue.

1 comment:

Ken Hoop said...

All his opinion-expressing should be done from a prison cell.