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Thursday, May 31

True Patriotism

By Robert Reich, Robert Reich's Blog

30 May 12

rue patriotism isn't cheap. It's about taking on a fair share of the burdens of keeping America going.
Those who earn tens of millions of dollars a year but pay less than 14 percent of their incomes in taxes, and argue the rich should pay even less, are not true patriots.
Those who defend indefensible tax loopholes, such as the "carried interest" loophole that allows private-equity managers to treat their incomes as capital gains even if they risk no income of their own, are not true patriots.
Those who avoid taxes by putting huge amounts of their earnings into IRAs via foreign tax shelters are not true patriots.
Those who want to cut programs that benefit the poor - Food Stamps, child nutrition, Pell grants, Medicaid - so that they can get a tax cut for themselves and their affluent friends - are not true patriots.

Robert Reich is Chancellor's Professor of Public Policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton. He has written thirteen books, including "Locked in the Cabinet," "Reason," "Supercapitalism," "Aftershock," and his latest e-book, "Beyond Outrage." His 'Marketplace' commentaries can be found on and iTunes.
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