“I’ll just — you know, this is my opinion; I’m not speaking for the administration, so I will preface that with a very clear caveat. The rich are not paying their fair share in any nation that is facing the kind of employment issues, whether it’s individual, corporate, whatever the taxation forms are. And I go back to the question about Brazil. Brazil has the highest tax-to-GDP rate in the Western Hemisphere. And guess what, it’s growing like crazy. And the rich are getting richer, but they’re pulling people out of poverty. There is a certain formula there that used to work for us until we abandoned it, to our regret in my opinion.”
– Secretary of State Hillary Clinton, speaking yesterday at the Brookings Institution.