“Senator Elizabeth Warren is not shy about being a crusader for the middle class.
The senior Massachusetts lawmaker had some choice words for the rich in an online dialogue Monday with French economist Thomas Piketty on economic inequality. Theforum, hosted by The Huffington Post’s Ryan Grim, was organized by MoveOn, a liberal political action group.
Warren and Piketty have each just written best-selling books on income inequality. Warren authored a memoir called “A Fighting Chance,” which also discusses what Washington can do to help the middle class. Piketty analyzed data from 20 countries in his tome on income inequality and the concentration of wealth, entitled “Capital in the Twenty-First Century.”
Here is a list of choice quotes from Warren on how the rich have rigged the system.
On Piketty’s findings: Wealth does not trickle down. It trickles up. It trickles from everyone else to those who are rich.
On taxes: When people feel like we’re not all in this together, we’re not all sharing, we’re not all paying a fair share of our income or our wealth, then I think what you get is it all comes all unraveled. Everyone moves towards I will pay the least because he’s paying the least.
On small businesses: Small business owners pay and pay and pay on taxes because the loopholes aren’t as available to them. You look at Fortune 500 companies, companies that are profitable and end up paying zero in taxes.
On rewriting the rules…”
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