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Paul Adams on Corporations

 

 


Wealthy rigged the sub-prime mortgage collapse

Q: Do you support or oppose the policy, "Higher taxes on the wealthy"?

A: That is a necessity in our predicament. Had they not tanked the economy by rigging the sub-prime mortgage collapse, had they not exported jobs and asked to be bailed out, perhaps my hammer would not be coming down so hard on them. A nation is like a household. When we don't have an income, when we can't find work, we tighten our belts and make do, but also we make those who took us down pay for our recovery. In courts, we would be suing for damages. When we are flush, we can go to town and afford to take more risks, and not rely anymore on bail-outs. The middle class bailed out the banks; it's time now to settle accounts and have the banks and the wealthy bail out the middle class.

Source: Email interview on 2016 presidential race by OnTheIssues.org , Jan 21, 2016

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Page last updated: Aug 17, 2016