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

Apr 21, 2011 at 4:28 PM
Dr. Pitchfork in Bank Bailouts, Military Industrial Complex, bailouts, cenk uygur, defense, federal reserve, income tax, military, public-sector unions, ron paul, ron paul, taxes, the fed, video, wisconsin

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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Article originally appeared on The Daily Bail (http://dailybail.com/).