When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Sunday, February 19, 2012

Why even corporate loopholes have to go

Why everyone should pay a fair share of taxes (including corporations) and why we need comprehensive tax reform:

Playboy Interview: Paul Krugman : Playboy.com: PLAYBOY: "Companies can’t be successful in this country without the roads, the bridges, the educational system—all the things that government builds for them."

KRUGMAN: "Even some very wealthy people, like Warren Buffett, are more or less saying that. Bill Gates Sr. used to say this: Suppose you were given the choice of being born in America or in Ethiopia. What proportion of your eventual fortune would you be willing to give to be born in America? Given the great good fortune of getting to live and run a business in this country that has all the advantages an advanced country with a decent system provides, how can you think it’s all you? And then, how can you feel you don’t have any obligation to pay it back?"


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects