‘We cannot cut our way to greatness’

Clearly, a growing number of wealthy elites have decided to wage class warfare against themselves.

Last week, Nick Hanauer, a very successful venture capitalist, urged policymakers to raise his taxes, make public investments, and get some money in the pockets of middle-class consumers. Warren Buffett, among the country’s most successful billionaires, has said largely the same things. A recent survey found that 68% of millionaires nationwide want to see their own taxes go up.

And Pat Garofalo flags this gem from Morgan Stanley Chief Financial Officer Ruth Porat, who believes the growing class gap is a problem in need of addressing.

“The wealthiest can afford to pay more in taxes. That’s a part of the deal. That makes sense. I don’t know anyone that doesn’t agree with that,” Porat said. “The wealth disparity between the lowest and the highest continues to expand, and that’s inappropriate.” “We cannot cut our way to greatness,” she added.

At a certain point, it would seem difficult for Republicans to accuse all of these successful business leaders of being radical socialists hell bent on destroying American capitalism.

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