Originally Posted by Odysseus
Blankfein: Rich should pay more in taxes
By Emily Jane Fox @CNNMoney November 14, 2012: 1:47 PM ET
Goldman CEO Lloyd Blankfein said politicians and the business community need to come together to remove the risk of another recession.
NEW YORK (CNNMoney) -- Goldman Sachs CEO Lloyd Blankfein wants politicians and business leaders to work together to avoid the "fiscal cliff," even if it means the rich end up paying more in taxes.
"I believe that tax increases, especially for the wealthiest, are appropriate," Blankfein wrote in a Wall Street Journal commentary in Wednesday's edition.
But those taxes must also be met with "serious cuts in discretionary spending and entitlements."
Blankfein argues that marginal tax rates should be kept low, but additional revenue will be generated by expanding the personal income tax base through closing loopholes.
No surprise that Blankfein would talk like this, at least until the statute of limitations on prosecuting him for massive fraud runs out. Then, no doubt, he'll tell Obama to go **** himself.