Secretary Clinton calls for taxing the global elite ‘in an equitable manner’

[speedoo]

Source: Raw Story

US Secretary of State Hillary Clinton entered the 2012 US presidential campaign fray for the first time Monday, highlighting a burning issue at the center of debate — taxing the wealthy.

“One of the issues that I have been preaching about around the world is collecting taxes in an equitable manner, especially from the elites in every country,” Clinton told a glittering New York conference.

Winning some laughter at the forum on the sidelines of the UN General Assembly, she insisted: “You know I’m out of American politics, but it is a fact that around the world the elites of every country are making money.”

Democratic US President Barack Obama, fighting for re-election in November, and his bitter rival, Republican Mitt Romney, have laid out starkly different visions for how to boost the struggling US economy.


Read more: http://www.rawstory.com/rs/2012/09/24/secretary-clinton-calls-for-taxing-the-global-elite-in-an-equitable-manner/

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Saw her comments on Hardball. I love her for making this statement. 2016 nomination is hers to lose, and I don't see her losing it.

[aquart]

1. Oh yes. Equitable.

85% from all sources after first $7 million. Substantial death duties after $7 million. SERIOUS limits on foundations.

No man should be so rich he has nothing left to buy but his government.

[Vidar]

5. Not without a revolution--which is badly overdue.

[banned from Kos]

3. Higher tax rates are a sovereign issue.

France's billionaires are worth only about $100 billion.

http://www.forbes.com/2007/07/31/france-billionaires-arnault-biz-cz_cvz_0731francebillies.html

Which is about what Gates and Buffett are worth combined.

[on point]

4. YES. Time to strike a deal with OECD countries at say 60%. Eliminate the race to the bottom

The argument of all these wealthy and corp folks is that if their tax rates aren't low, then they will go elsewhere. SO they play each state and country against each other in a spiral circle race to the bottom.

Time to make an agreement with other OECD countries and fix a common rate (say 60%). If one of those countries doesn't want to sign on, that's ok they can chooses for themselves - except your import tariffs will be 200%

[defacto7]

6. I think we should just declare war on the Cayman Islands..

take over their banks and that should meet our goals for the time being.