Steve Schwarzman Doesn't Want To Pay Higher Taxes Any More Than He Wants To Make The Medicine Medicine Go Down Without Mary Poppins' Help (But He Knows He Has To)

Author:
Updated:
Original:

"We're in a situation that's serious enough that almost everyone in society is going to have to give something up. No one is going to like it- it's going to be like medicine in the old days, that just tasted really bad, but if you didn't take your medicine, you weren't going to get healthy...Everyone in this society is going to end up bearing some burden except the very poor who need to be protected. But I think this is a widespread issue where everyone is going to be giving something up, and if you don't, you're not going to be able to solve the problems we have. Nine percent of GDP is over $1 trillion per year- that is piling up. It is not really as much of an abstract concept. The more we do this, eventually we reach a point where the country has great difficulty preserving the livelihoods for people as they know it. It is really an issue that must be addressed."

Related