Yes We Do (Have to Raise Taxes on the Rich)

I was surprised to see media claims that Bill Clinton was advocating an extension of the Bush tax cuts, but Robert Reich (who was there) explains that the comment was not about what should happen but what might happen as a result of legislative deadlock .

The arguments in Reich’s video on the topic, like those of Nick Hanauer’s TED talk which I linked to previously seem almost too simple to be true (“If it was that simple why were we fooled for so long?”). But Warren Buffet agrees, and there have been no rebuttals except to incite fear of abandoning a dismal status quo. Why are we always so easily persuaded by the self-serving arguments of the rich?

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