NEWS FLASH

Ron Paul: ‘A Lot Of Millionaires And Billionaires…Ripped Us Off’ | Speaking with ABC News in an web interview today, Rep. Ron Paul (R-TX) broke with his party that tends to lionize millionaires and billionaires as “job creators,” saying a lot of them “don’t deserve this money.” Asked if he supported raising taxes on the wealthy, Paul said some should “not only be taxed, but they should have all their [tax] benefits removed.” Still, he said others are “productive” and thus should not be “punished.” It’s unclear how Paul would differentiate the two groups:

PAUL: I’m pretty critical of a lot of millionaires and billionaires because they ripped us off. They got the bailout, they enjoyed the benefits of the bubble, they get contracts from government, they’re part of the military industrial complex, the banking system is in bed with the government. So they don’t deserve this money. They should not only be taxed, but they should have all their benefits removed.

But if you’re productive, and you’re producing jobs, and you’re rich because the consumer voted for your product and made you rich because you made an honest living, gave them a good product at the right price, they shouldn’t be punished. If we don’t sort the two out, it’s going to be very destructive.

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