In remarks this morning to the Clinton Global Initiative, Secretary of State Hillary Clinton proposed a radical idea: a global tax on elites around the world.

“One of the issues that I have been preaching about around the world is collecting taxes in an equitable manner, especially from the elites in every country,” Clinton said to laughter from the audience. “You know I’m out of American politics, but – (applause) – it is a fact that around the world, the elites of every country are making money.”