SIGN UP FOR THE BREITBART EMAIL NEWSLETTER

Obama: Taxes Not ‘Particularly High,’ ‘Progressive’; Need to Invest in ‘Common Good’

Post by Vox.

In a preview of an interview set to be published on Vox’s website in its entirety on Monday, President Barack Obama discussed so-called income inequality with Vox editor Ezra Klein.

According to Obama, there is a need to invest in the “common good,” which when asked by Klein is at a time “redistribution” is a positive good and taxes are not high or progressive.

Partial transcript as follows:

OBAMA: Some people who just control enormous amounts of wealth, we don’t resent their success. On the other hand, just as a practical matter, you’re going to have problems making sure we’re investing enough in the common good to be able to move forward.

KLEIN: Does this put us in a place long-term where redistribution becomes in a sense a positive good in and of itself?

OBAMA: That’s always been the case. I don’t think that’s entirely new. I mean, the fact of the matter is relative to our post-war history taxes now are not particularly high or particularly progressive compared to what they were in the late 50s or 60s.

(h/t RCP Video)

Follow Jeff Poor on Twitter @jeff_poor

P.S. DO YOU WANT MORE ARTICLES
LIKE THIS ONE DELIVERED RIGHT TO YOUR INBOX?
SIGN UP FOR THE DAILY BREITBART NEWSLETTER.


Comment count on this article reflects comments made on Breitbart.com and Facebook. Visit Breitbart's Facebook Page.

SIGN UP FOR THE OFFICIAL
BREITBART EMAIL NEWSLETTER

GET TODAY'S TOP NEWS DELIVERED RIGHT TO YOUR INBOX

I don't want to get today's top news.

x