In a very weak economy, when you say 'cut government spending,' what you mean is you're laying off school teachers and you're de-funding various programs that put money into the economy. This means you have more unemployed people that then draw unemployment benefits and don't pay taxes.
Fareed Zakaria
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And here's the fact: the fact is it doesn't solve the problem. First of all, if you taxed these people at 100 percent, basically next year you said, 'Look, every penny you make next year the government's going to take it from you,' it still doesn't solve the debt. -
This is the America that I love. This is a great people. We can do anything. We can achieve anything. We've got a government that has gotten in the way of the American people. We're going to change that in November. -
I think it true that, you know, sometimes things start to change even before a government changes and, actually, I think you can begin to see even the Labour machine beginning to understand that it has become over-reliant on targets and processes, that local governments have been over-bossed and bullied. -
I have no doubt but that the misery of the lower classes will be found to abate whenever the Government assumes a freer aspect and the laws favor a subdivision of Property. -
Every dollar I can't commit to my company that's paid in taxes is paying a government that I believe is too big and doing way too much that I don't want done.
More quotes by Fareed Zakaria
- Americans have so far put up with inequality because they felt they could change their status. They didn't mind others being rich, as long as they had a path to move up as well. The American Dream is all about social mobility in a sense - the idea that anyone can make it.
- The technological revolution at home makes it much easier for computers to do our work.
- America's growth historically has been fueled mostly by investment, education, productivity, innovation and immigration. The one thing that doesn't seem to have anything to do with America's growth rate is a brutal work schedule.
- I enjoy writing but I much prefer the experience of having written.
- Having your fiscal house in order and having a more manageable macro-economic future is going to be very useful in creating growth.