Author and economist Ben Stein joined Fox & Friends on
Thursday where he stunned the hosts after he called for raising the tax rates
on people making more than $2 million per year. He said that he did not think
that the United States simply had a spending problem, and cited the early
post-war period as an example of a time when you could have high tax rates and high
growth....
“I hate to say this on Fox – I hope I’ll be allowed to leave
here alive – but I don’t think there is any way we can cut spending enough to
make a meaningful difference,” said Stein. “We’re going to have to raise taxes
on very, very rich people. People with incomes of, say, $2, $3, $4 million a
year and up. And then slowly, slowly, slowly move it down. $250,000 a year,
that’s not a rich person.”.....
Stein said that the government has a spending problem, but
they also have a “too low taxes problem.”.............................................................................
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