Comments by "silat13" (@silat13) on "Hillary Clinton's Solution to Corporate Stock Buybacks..." video.

Greenspan, 82, acknowledged under questioning that he had made a “mistake” in believing that banks, operating in their own self-interest, would do what was necessary to protect their shareholders and institutions. Greenspan called that “a flaw in the model ... that defines how the world works.” He acknowledged that he had also been wrong in rejecting fears that the five-year housing boom was turning into an unsustainable speculative bubble that could harm the economy when it burst. Greenspan maintained during that period that home prices were unlikely to post a significant decline nationally because housing was a local market. He said Thursday that he held to that belief because until the current housing slump there had never been such a significant decline in prices nationwide. He said the current financial crisis had “turned out to be much broader than anything that I could have imagined.”
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"If you're worried that lions are eating too many zebras, you don't say to the lions, 'You're eating too many zebras.' You have to build a fence around the lions. They're not going to build it." - Judge Richard A. Posner One of the most prominent proponents of free-market capitalism is having second thoughts.
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THE RICH DO NOT PAY THEIR SHARE Counting income taxes as the sole measure of federal taxation revenue, rather than sales/real estate/etc.. taxes is meant to make it seem like the rich pay more than their fair share. When you factor in those other taxes, the rich, as a percentage of their income, pay less than the poor and middle class. But even if the initial argument weren't deceptive - the top 20% of people in the country have 89% of the wealth. So they should be paying 89% of the taxes. The issue is - they're not paying anywhere close to that. And no, economists aren't saying that tax policy has nothing to do with income inequality. That's a straight up lie. Certain economists that advocate the policies that have led to these taxation issues say that though.
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