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« Dramatic New Video Of Japan Tsunami | Main | Tom Petrie: Go Short Oil, Demand Destruction Is Here »
Thursday
Apr212011

Ron Paul: "The Best Income Tax Rate Is 0%"

Video - Ron Paul with Cenk Uygur - Mar. 2, 2011

On bailouts and corporate welfare:

  • "The corporations benefit, the people get the crumbs."

Great interview.  Cenk gives Ron Paul time to answer questions on everything from bank bailouts, to income taxes, the Wisconsin protests, Republican hypocrisy and the Federal Reserve.

Highlights...

  • If the US didn't have troops all over the world, and we cut back on entitlement spending, we could reduce the income tax to ZERO.
  • If Republicans were serious about balancing the budget, they would agree to cuts in military spending.  (They aren't, and they won't.)
  • Who gets the benefits of the welfare state?  Not the poor.  The income tax and the Fed allow the government to pay for corporate bailouts and serve the special interests.
  • Bankers and big corporations get bailouts while taxpayers get the recession and the bill -- that's part of why we "need" an income tax.
  • "Military spending" is not the same as "defense spending."  We should cut overseas "military spending," not spending for genuine defensive purposes.
  • On how the system works:  "There were a lot of big companies and mortgage companies that made a lot of money on the way up.  They get into trouble, we bail them out, cause a recession and the poor people lose their jobs and lose their houses.  I do not see how anyone could support that system."
  • The Republican and Democratic leadership are both beholden to special interests.
  • On Sarah Palin:  Paul makes it clear that they do not see eye to eye on individual liberty or foreign policy.

---

 

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Reader Comments (12)

http://www.businessinsider.com/bahrain-google-earth-2011-3?op=1

These Are The Controversial Satellite Photos That Set Off Protests In Bahrain
Mar 3, 2011 at 1:26 PM | Registered CommenterDailyBail
Have always always supported Dr Paul, but he is too much of a latent politician for my liking. he refuses to confront the biggest cancer eating at us--911. This is something that will destroy our morale, which obviously is not a concern of these butchers. He also says, very obliquely, like his son, that Israel gets too much money from us. Instead of saying outright----- "root them out" We must lose our fear of the brainwashing from zionism, that has all but taken over the world . If to speak your mind is ANTI-SEMITISM, then so be it. What's in a name any way. Call me nigger or hymie or honky or spic. So what. It's less harmful than murdering all who disagree with these psychos in Tel Aviv and New York

What's the difference between Hitler's Herrenvolk and Zionism's Chosen Race, for chrissakes
'.
Mar 3, 2011 at 2:20 PM | Unregistered Commenterhenry
"Have always always supported Dr Paul, but he is too much of a latent politician for my liking. he refuses to confront the biggest cancer eating at us--911."

You want to prevent another 9-11? Stop invading other nations.
Mar 3, 2011 at 6:42 PM | Unregistered CommenterStealth
Unless we get this spending problem by the government stopped none of these other issues will matter. Cenk is being partisan not to mention the special interests on the other side of the isle. Both parties are laden with special interests groups leeching from hard working Americans. Our government spends too much money and these cuts are too small.
Mar 3, 2011 at 10:22 PM | Unregistered CommenterBert
Republicans have never cared about the budget just as much as Democrats. I like 0, but we will never see it. All that comes from Washington is a giant slurping noise.
Mar 4, 2011 at 2:28 AM | Unregistered CommenterS. Gompers
There is no spending problem. It's a myth. It's been invented with slick bookkeeping, to cover the fact that corporations pay no taxes while using our infrastructure and citizens to make record profits. The spending is NOT the problem.
Mar 4, 2011 at 10:11 PM | Unregistered CommenterSFT
Saw a poll on GOP hopefuls on CBSBS this morning and Ron Paul was not an option. The asked Republicans who they could strongly support and NONE of them said Ron Paul??? Rrrrght.

The media has decided to make him a non-person. Let's all vote for him in 2012 and we'll have Nobody, the first invisible president.
Apr 21, 2011 at 3:34 PM | Unregistered CommenterG Street
G Street -

I noticed that too.

We could wait around forever for the "media" to pick up on his candidacy or appeal, which likely won't happen. In the meantime, we continue the groundswell of a committed minority and spread the word ourselves.

I say shove our chips all in. We might not get this chance again.
Apr 21, 2011 at 11:53 PM | Unregistered CommenterOscar_DeGrouch
"The Case Against Government Debt - PERIOD"

http://www.zerohedge.com/article/case-against-government-debt-period

One Angry Rant: "Land Of The Stupid, Home Of The Freaking Screwed"

http://www.zerohedge.com/article/one-angry-rant
Apr 22, 2011 at 5:30 PM | Unregistered CommenterLiberatedCitizen
LC, thats why I'm converting to wampum..... Note that the Natives did NOT use it as money...

http://www.thebeadsite.com/fro-wapm.htm

Wampum did serve as money for the colonists. Many Europeans did not view the American adventure favorably. Whether this "wild country" would ever repay the money invested to colonize it was not certain. There were many failures. And European governments certainly didn't want any of their precious money lost in the jungles and woods of this New World. So, they didn't send coins...... Without coins, it was difficult for the colonists to do business. But there was already an item that could be used as currency. Wampum had value, was easily divisible and was scarce because it took a lot of labor to make. So, it was adopted as money. It was legal tender in all 13 original colonies, and at least as late as 1701 New York was still setting the official rate. White wampum was made from various shells, but the violet wampum (called also black or blue) came only from the purple portion of the quahog clam and was more valuable. Generally the rate of wampum was six white or three black beads for a penny.
Apr 22, 2011 at 5:53 PM | Unregistered Commenterjohn

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