Greenspan Talks Economics on Hardball

Greenspan Talks Economics on Hardball
http://video.msn.com/video.aspx?mkt=en-US&brand=msnbc&vid=e6ed2f93-a265-433d-bd08-45ee090e6edc

Greenspan talks about current issues such as Medicare, The Fairtax, Taxes, and the current state of our economy.

>>12

you're ignoring my point.  someone who makes $20,000 a year is probably going to spend 95% of it.  even though they're not quantitatively paying as much in taxes as a rich person, they are paying more as a proportion of their overall earnings.

This would make it EVEN HARDER for the poor to save money.