Video: Ron Paul Says Welfare Helps the Wealthy

| by Michael Allen

During CNN’s Republican debate in Florida on Thursday, Republican presidential candidate Ron Paul said he wants to abolish all income taxes and stop the transfer of wealth from the middle-class to the rich (video below).

Rep. Paul said: "My goal is to get rid of the 16th Amendment and the only way you can do that is not run a welfare system and a warfare system. I do want to address the subject about taxing the rich. That is not a solution."

"But I understand and really empathize with the people who talk about the 99 and the 1 because there is a characteristic about what happens when you destroy a currency. There is a transfer of wealth from the middle class to the wealthy, and this has been going on for 40 years.”