Morgan Stanley CFO Ruth Porat: Raise Taxes On The Rich

Morgan Stanley’s CFO Ruth Porat makes a strong statement about taxes at The Economist’s World in 2012 summit, according to The Huffington Post:

“The wealthiest can afford to pay more in taxes. That’s a part of the deal. That makes sense. I don’t know anyone that doesn’t agree with that,” Porat said. “The wealth disparity between the lowest and the highest continues to expand, and that’s inappropriate.”

“We cannot cut our way to greatness,” she added.