Clinton said it is "unconscionable" that the United States has not toughened car emission standards, and he objected to the president's efforts to permanently repeal the estate tax. An estate tax on the richest one percent of Americans could raise $25 million to $40 million a year, enough to wipeout extreme poverty around the globe in a decade. [ME: not if the gov't has a hand in it AND this is a bold-face LIE designed to make you feel good about being taxed.]What's wrong with that? This: e.g. Billions poured in to Katrina aide and BILLIONS were squandered. The gov't is LOUSY at managing and accounting for citizen's money. And, it IS our money, no matter what the tax-believers-nanny-staters think.Clinton noted he is one of those rich Americans and that taxes are in some respect a duty.
"I think it's the price of civilization," Clinton said.
Warren Buffett gives the bulk of his wealth to Bill Gates' non-profit foundation. The U.S. gov't has MANY many programs designed to help people in the areas that Gates' foundation focuses on such as education and health (medical research), yet instead of giving the dough to the feds, he gave it to the head of one of the world's most profitable, well-run/organized, accountable, forward-thinking, industry-leading companies.
Apparently, Buffett and Gates think THEY can do more with THEIR money to help civilization than the gov't can. I agree. Let's see what Clinton does with HIS estate.
