Detailed text transcripts for TV channel - MSNBC - 20110819:19:08:00
And when the middle-class was healthier, you had the rich paying marginal tax rates of 50%, and we had a pretty healthy economy in this period? >> yes, we did. and as we have oriented the economy in a way that is likely to maximize the income of the most highly educated and the most skilled, and the most able, we have also reduced the burden on them, and we have asked kind of a less and less of them, and you hear people like warren buffett saying, that this is crazy, you know, we shouldn't be doing this, and that is right. i think that there is a tendency sometimes to de demonize the ri these ...
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