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Maddow: Republicans practicing ‘reverse Robin Hood’ economics

By David Ferguson
Saturday, May 26, 2012 10:37 EDT
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Maddow on reverse Robin Hood
 
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On Friday night’s edition of “The Rachel Maddow Show,” host Rachel Maddow discussed the fact that presumed Republican nominee former Governor Mitt Romney (R-MA)’s wealth is greater than that of the last eight presidents combined, and questioned how that might impact his world view and his policies.

“This man who would be the wealthiest American president in modern history, by a mile,” she said, “His economic policies? Would raise taxes on poor people. On purpose.”

A President Romney would raise taxes on households making less than $20,000 a year by 60 percent, Maddow reported, referring to an AP story from Thursday, whereas people making more than a million dollars per year would get tax cuts averaging 15 percent. It amounts to a kind of “Reverse Robin Hood” economic policy, stealing from the poor to give to the rich.

“That’s the problem, according to Mitt Romney,” said Maddow, “Poor people in this country have too much money.”

For what may be the first time in recorded history, Republicans have found a way to embrace raising taxes. Raise someone else’s.

Watch the clip, embedded via MSNBC, below:

Visit msnbc.com for breaking news, world news, and news about the economy

David Ferguson
David Ferguson
David Ferguson is an editor at Raw Story. He was previously writer and radio producer in Athens, Georgia, hosting two shows for Georgia Public Broadcasting and blogging at Firedoglake.com and elsewhere. He is currently working on a book.
 
 
 
 
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