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Showing Original Post only (View all)IMF suggests nations tax the rich to lower deficits [View all]
http://www.rawstory.com/rs/2013/10/11/international-monetary-fund-strongly-suggests-countries-tax-the-rich-to-fix-deficit/Tax the rich and better target the multinationals: The IMF has set off shockwaves this week in Washington by suggesting countries fight budget deficits by raising taxes.
We had to read it twice to be sure we had really understood it, said Nicolas Mombrial, the head of Oxfam in Washington. Its rare that IMF proposals are so surprising.
Guardian of financial orthodoxy, the International Monetary Fund, which is holding its annual meetings with the World Bank this week in the US capital, typically calls for nations in difficulty to slash public spending to reduce their deficits.
But in its Fiscal Monitor report, subtitled Taxing Times, the Fund advanced the idea of taxing the highest-income people and their assets to reinforce the legitimacy of spending cuts and fight against growing income inequalities.
The IMF is speaking out against the Republican Party. While in D.C.
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I think you're onto something. After the poor and middle class are carved out they will
RKP5637
Oct 2013
#30
Europe is worse off than the U.S. economically. Things are getting bad globally.
yardwork
Oct 2013
#16
In this case, the wealthy and the middle and lower classes are on the same side
RainDog
Oct 2013
#38
Think it might have anything to do with their recently new Managing Director, Christine Lagarde?
MH1
Oct 2013
#11
Adam Smith may not be as one-sided and shallow as conservatives make him out to be.
MH1
Oct 2013
#18
She speaks out of both sides of her mouth, but at lease she sees two sides.
mountain grammy
Oct 2013
#19
"and fight against growing income inequalities." << also an important clause of the statement
MH1
Oct 2013
#22
This political and economic climate makes for the damndest bedfellows.
BluegrassStateBlues
Oct 2013
#41