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Biden: Economy ‘Does Have a Fundamental Unfairness To It’ That We’ve ‘Been Trying To Fix’


Vice President Joe Biden declared that the economy “does have a fundamental unfairness to it” in an interview broadcast on Thursday’s “Rachel Maddow Show” on MSNBC.

Biden stated the economic system “does have a fundamental unfairness to it, we’ve been trying to fix for the last two years. We went from crisis to recovery on the verge of resurgence. There are $1.2 trillion in tax expenditures, tax cuts, for wealthy people mainly. 600 billion of those, there’s no social redeeming value for. We used to have a system that wasn’t as rigged in how the tax structure functioned. The president and I have been trying to get rid of these loopholes for some time. Look, we have to change the corporate culture.”

He added, “Since when is the only job creator the person who invests in the company?”

Biden concluded, “Since when do corporations not have responsibility to the community? Since when do they not have responsibility to their employees? … Just go back to what it was in terms of how corporations acted in their collective responsibility just 20 years ago.”

Follow Ian Hanchett on Twitter @IanHanchett

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