watch it: the 6/12/10 weekly address from President Barack Obama


It’s really astonishing what a wide range of problems we face in this nation — such as ensuring that doctors are paid fairly for their work and that the elderly continue to have access to medical care — that would be solved if only we taxed the rich at the same rates we did in the 1950s. I know, I know: we can’t tax the rich because then the rich will hold their breath and not invest any money in their businesses until they turn blue and America turns communist, or something. And it’s true. Look at the 1950s — it was an era of economic stagnation and general financial horrors in which no one got ahead, certainly not the rich.

On the other hand, these hypothetical rich people who would suddenly stop investing in America if they were required to pay their fair share… shouldn’t we consider such people unpatriotic and unAmerican?

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