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.

>>4

The Fairtax makes the assumption that those who are in higher income brackets buy more "stuff" than people who are not.

I'm not sure how this claim is to reassure the average political consumer that this plan will work as it is already the case that the rich avoid excessive taxes via loopholes and lawyers.

Who is not to say that the fairtax in implimentation will be shielded from this overarching control they have on how much of their money will go toward state policies?

Everyone seems against taxes, but those people who are against taxes are most assuredly the ones who will be calling the fire department should a room in their house catches fire -- and I assure you of that.