NOT ALL THE TIME.
IT'S WHEN THEY FLIP THAT YOU'VE
GOT AN ECONOMY THAT SLIP
SERVERS.
WITH THIS HELP OR HURT IN SUCH
AN ENVIRONMENT.
A 70% TAX RATE TO HEAR THOSE
ESPOUSING INCLUDING A CERTAIN
CONGRESSWOMAN IN NEW YORK CITY
THAT'S JUST WHAT WE NEED.
BE CAREFUL WHAT YOU WISH FOR
BECAUSE THEY COULD PAY NOT THE
KIND OF DIVIDENDS YOU WANT.
"THE WALL STREET JOURNAL"
EDITORIAL BOARD MEMBER,
SPEECHWRITER TO PRESIDENT BUSH.
SHE IS SAYING THAT, YOU KNOW,
THIS WOULD APPLY ONLY TO INCOME
OVER $10 MILLION, SO WHAT'S THE
BIG DEAL THAT THE RICH SHOULD BE
ABLE AND HAPPY TO PAY IT.
>> I SAY LOOK AT HIS ABSURD
ECONOMICALLY.
NO ONE REALLY BELIEVES THEY
WOULD BRING IN MORE REVENUES,
CONTRIBUTE TO A BETTER AMERICA.
THIS IS ABOUT PUNISHING THE
RICH.
I GIVE HER CREDIT FOR THIS.
SHE SAYS WHAT A LOT OF DEMOCRATS
FEEL.
NEIL: I ABSOLUTELY AGREE WITH
YOU.
>> I ALSO GIVE HER CREDIT FOR
YEARS I'VE BEEN TRYING TO FIND
OUT WHEN PEOPLE SAY THE RICH
NEED TO PAY THEIR FAIR SHARE AND
YOU ASK, WHAT IS THEIR FAIR
SHARE?
USUALLY THE ANSWER IS MORE THAN
IT'S NEVER DEFINED.
NOW WE ARE LEARNING AT 70%.
NEIL: THE OLD LINE, WHAT YOU
MAKE?
GIVE US THAT.
THERE WAS THE DAY WE HAVE A 70%.
VERY FEW PEOPLE PAY DAY, SO THEY
WILL HEAL HEAR BACK FROM
DEMOCRATS THAT NOT EVERYONE WILL
PAY THAT.
SO EVERYONE CALM DOWN.
BUT I DO SEE A TREND THAT GOES
BEYOND THAT.
COMING IN, TALKING ABOUT RAISING
THE CORPORATE TAX, MAYBE TARGET
THE WEALTHY.
THAT DEFINITELY IN THE MINDSET
OF PEOPLE TAKING OVER IN THE
HOUSE IS A PUSH TO RAISE TAXES
BECAUSE THEY ARE MAKING A LOT OF
PROMISES ON SPENDING.
>> THE PROMISES ON SPENDING, NO
MATTER HOW HIGH IT IS, YOU WANT
TO GO FURTHER.
YOU AND I LIVE IN THE PEOPLE'S
REPUBLIC OF NEW JERSEY AND WE
KNOW WHAT IT IS LIKE THEY ARE.
THE GOVERNOR IS LIKE LOOKING
THROUGH THE SOUTH FOR QUARTER IS
LIKE A HOUSEWIFE IS DESPERATE TO
BUY.
>> RAISE TAXES.
>> DRIVING PEOPLE OUT.
PEOPLE TALK ABOUT THE OLD DAYS,
IT WAS SUCH A LESS COMPETITIVE
WORLD THEN.
A LOT OF THE WORLD WAS REELING
FROM WORLD WAR II.
WE HAVE A LOT OF COMPETITORS PER
CAPITAL.
WHAT PEOPLE SAY WHEN THEY SAY
70% IS THE GOVERNMENT WILL
ALLOCATE THIS MONEY BETTER THAN
THE PRIVATE SECTOR.
WHERE IS THIS MONEY GOING TO GO
IF THE PEOPLE KEEP IT?
WHERE IS IT GOING TO GO IF IT
GOES DOWN TO THE FEDERAL
GOVERNMENT.
>> I JUST WISH BOTH PARTIES WERE
MORE CREATIVE COMING UP WITH
WAYS TO ADDRESS THE UNDERLYING
SPENDING AS THERE ARE WAYS TO
TAKE THOSE REVENUES.
SO REPUBLICAN OF THOSE DOING IT
NOW UNDER DONALD TRUMP.
THAT IS THE OTHER PROBLEM IF YOU
COME TO THE CONCLUSION OR YOU
HAVE TO RAISE TAXES WITHOUT
LOOKING AT THE UNDERLYING COST
OF GOVERNMENT ITSELF AND WHY
IT'S GOING UP AT SUCH A RAPID
RATE AND UNSUSTAINABLY.
>> ABSOLUTELY.
ENTITLEMENTS ARE THE BIGGEST
PART OF THAT.
THAT SPENDING WAS NOT TOUCHED BY
BUDGETS EVERY YEAR.
THE OTHER THING WE NEED TO TALK
ABOUT, WHAT IS SAID TO HELP A
PERSON OF POOR, WORKING-CLASS
FROM THE WEALTHY.
WHAT THEY REALLY NEED AND THIS
IS REPUBLICANS SHOULD LOOK AT IS
WHAT ARE THE THINGS HOLDING
PEOPLE BACK?
A LOT OF TIMES IT'S AN EXCESSIVE
GOVERNMENT.
REQUIRING LICENSES TO DO INFLICT
TERROR BREEDING.
WE SHOULD BE ENCOURAGING PEOPLE
AND A LOT OF OTHER JOBS AND
OPPORTUNITY IN EXPANDING THE
ECONOMY THAT ARE NOT NECESSARILY
GETTING THE JOB AT GOOGLE.
THERE'S A LOT OF OTHER WAYS TO
MAKE MONEY AND A LOT OF
OBSTACLES FOR PEOPLE LIKE THAT.
IT'S HARD TO RUN A SMALL
BUSINESS IF YOU'RE A TRADESMAN
THERE'S A LOT OF THINGS WE CAN
DO TO CREATE MORE OPPORTUNITY
FOR PEOPLE TO RISE UP THE
LADDER.
>> A CERTAIN TENOR AND TONE NONE
