You may remember Henry “Hank” Paulson as the former Goldman Sachs banker who later became the Treasury Secretary in the final years of the Bush administration. He was also the man who proposed the $700 billion bailout for the bankers in 2008 (which included a bailout for his buddies at Goldman Sachs).
Last April, Hank Paulson and Robert Rubin sat down for an interview with Tim Geithner and Sheryl Sandberg at the Milken Institute. During the lengthy discussion, Paulson was asked about wealth inequality, which led to this hilarious exchange.
Oh my sides! It’s so damn funny. All those millions of Americans who can’t find work and have to live on food stamps! That’s a real knee slapper.
This is what the financial elite really think about you and your problems. They laugh openly and maniacally at your poverty. If anything, this is the “let them eat cake” moment for America’s ruling class.
Joshua Krause is a reporter, writer and researcher at The Daily Sheeple. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshua’s reports at Facebook or on his personal Twitter. Joshua’s website is Strange Danger .
1. Bernie is proposing some kind of Robbin Hood Wall Street tax to go after the nasty bankster class.
2. A few years ago Pelosi proposed a banking transaction tax.
3. Krugman talking with Moyers on his PBS program about French economist Piketty’s book and the very late epiphany of the reality an oligarchy, pitched the “solution” of a [global] wealth tax to mitigate wealth disparity.
Now Paulson is apparently deliberately making an a$$ of himself in public. It doesn’t take a genius to see what this set up is about. Is the carbon tax idea on life support?
“Let them eat cake”
This will end the same way.