"We Cannot Cut Our Way to Greatness"

Morgan Stanley Chief Financial Officer Ruth Porat, among others, seems to get it. Increasing income inequality and historically low top tax brackets aren't helpful, and using the mantra of no tax increases to cut public spending is counterproductive. #ddtb

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Morgan Stanley Executive Calls For Higher Taxes On The Rich: ‘We Cannot Cut Our Way To Greatness’
Several wealthy bankers, investors, and entrepreneurs have called for higher taxes on the rich as an important part of reducing the nation’s deficit, led most prominently by Warren Buffett. “It is mat…