♪♪
>> BILLIONAIRE CLASS IN THIS
COUNTRY, NOT ONLY ARE THEY GOING
TO PAY MORE IN TAXES THEY WILL
PAY SIGNIFICANTLY MORE IN TAXES.
MELISSA: EVERYBODY IS CHEERING.
TAKING AIM AT WALL STREET AGAIN.
PRESIDENTIAL CANDIDATE BERNIE
SANDERS ANNOUNCING A QUOTE,
INCOME INEQUALITY PLAN TODAY,
CALLING FOR A SIGNIFICANT TAX
INCREASE ON COMPANIES THAT PAY
CEO'S MORE THAN 50 TIMES WHAT
THE MEDIAN WORKER MAKES.
HERE NOW TO REACT IS KARL ROVE,
FORMER SENIOR ADVISOR TO
GEORGE W. BUSH.
HE IS ALSO A FOX NEWS
CONTRIBUTOR.
KARL, THANK YOU FOR JOINING US.
>> YOU BET.
MELISSA: I LOVE ABOUT THIS IDEA,
HIS REMEDY IS TO TAX, BETWEEN 50
TO 100 TIMES THE MEDIAN WORKER
VERSUS THE CEO.
IT WOULD BE .5%.
HE WILL INCREASE TAXES SO HE
WILL CONFISCATE THE MONEY TO
GIVE IT TO THE GOVERNMENT.
NOT TO THE WORKER.
YEAH, GO AHEAD.
>> THE LITTLE MAN WILL GET
SCREWED ON THIS, THE LITTLE MAN,
THE LITTLE WOMAN.
THESE COMPANIES THEY'RE
TARGETING A LARGE NUMBER OF
ENTRY LEVEL JOBS, RETAIL,
FAST-FOOD, IT WILL BE WALMART
IT, WILL BE McDONALD'S, THE
RETAIL SHOP.
YEAH THERE WILL BE DISPARITY
BETWEEN VERY LARGE NUMBER OF
PEOPLE WHO HAVE TO MAKE THAT
ENTERPRISE WORK TO OPERATE AND
THE MANAGEMENT OF THAT FIRM.
AS A RESULT MEDIUM, MEDIAN
INCOME WILL BE RELATIVELY LOW.
SO COMPARED TO SAY FOR EXAMPLE,
THE FINANCIAL INSTITUTIONS OR
BIG MANUFACTURING PLANTS OR OIL
AND GAS.
MELISSA: YEAH.
>> SO WHAT IS GOING TO HAPPEN HE
WILL PENALIZE COMPANY THAT
OFTENTRY LEVEL JOBS.
THAT MEANS HE WILL PENALIZE
PEOPLE LOOKING FOR THEIR FIRST
BREAK IF LIFE A WHOM A JOB AT
McDONALD'S OR JOB AT WALMART
MUST BE FIRST ENTRY INTO THE
WORKFORCE.
SO LET'S PENALIZE THE
OPPORTUNITY FOR PEOPLE TO GET A
JOB AND BEGIN A CAREER.
FORGET IT.
MELISSA: BECAUSE, WHAT IS GOING
TO HAPPEN IS, IF YOU LOOK AT A
PLACE LIKE WALMART, THE EASIEST
WAY TO CHANGE THE RATIO IS TO
HAVE FEWER EMPLOYEES.
>> EXACTLY RIGHT.
BINGO.
MELISSA: YOU MOVE TOWARDS
AUTOMATION.
>> RIGHT.
MELISSA: LOOK AT SOMEBODY LIKE
DOUG MCMILLAN THE CEO OF
WALMART, THE WALMART CEO MAKES
1076 TIMES MORE THAN THE MEDIAN
WORKER.
WELL IT'S A COMPANY THAT HAS
275 MILLION CUSTOMERS, 11,000,
MORE THAN 11,000 STORES.
HE OVERSEES 700,000 EMPLOYEES.
I DON'T KNOW, HE HAS A PRETTY
BIG JOB BUT YOU TAX -- OTHER
OPTION, KARL, THEY CAN RAISE THE
PRICES OF EVERYTHING IN ORDER TO
PAY FOR THE TAX.
>> EITHER WAY.
A LITTLE BIT OF BOTH WILL HAPPEN
IF IT DOES HAPPEN.
BUT LOOK, THINK ABOUT THIS, WHAT
WE'VE JUST SAID HERE FOR A
MINUTE.
HERE IS A COMPANY THAT WENT OUT
OF ITS WAY TO SAY EVERYBODY IS
DEMANDING A 15-DOLLAR AN HOUR
WAGE.
WE'RE GOING TO OFFER THAT FOR
ALL OUR STARTING EMPLOYEES.
WE'LL PHASE IT IN BUT EVERYBODY
WILL HAVE THE 15-DOLLAR MINIMUM
WAGE.
HOW DO THEY GET, WHAT IS THE
RESPONSE FROM BERNIE SANDERS?
NOT TO SAY, WAIT TO GO, THANK
YOU SO MUCH FOR DOING THAT, TO
SAY, NOW THAT YOU HAVE MET THAT
ONE DEMAND, HERE IS ANOTHER
DEMAND I WILL TAX YOU BECAUSE
YOU'RE PAYING YOUR CEO TOO MUCH
BECAUSE YOU'VE GOT SO MANY NEW
JOBS YOU'RE PROVIDING TO PEOPLE
WHO ARE ENTERING THE WORKFORCE.
HE SPEAKS, HE CLAIMS ON BEHALF
OF THE LITTLE MAN AND THE LITTLE
WOMAN BUT HE GIVING THEM
PARTICULAR IF THEY'RE YOUNG A
HARDER START.
MELISSA: REPUBLICAN PARTY
REPORTEDLY RAISED NEARLY
$15 MILLION ON THE IMPEACHMENT
THREAT.
WHAT IS THE IMPACT OF PEOPLE
WHAT IS GOING ON, AS A RESULT OF
IMPEACHMENT?
ONE THING THE MASSIVE
FUND-RAISING, WHAT DO YOU SEE AS
IMPLICATIONS GOING FORWARD?
BOTH SIDES ARE FUND-RAISING ON
ISN'T.
>> THEY BOTH ARE.
WE DON'T KNOW WHAT THE DEMOCRATS
HAVE GOTTEN OFF OF THIS.
15 MILLION-DOLLAR FIGURE WAS
LIKE IN THE FIRST 36 HOURS,
THEREABOUTS AFTER THIS ALL
BROKE.
SO THE REPUBLICANS HAVE AN
ADVANTAGE THEY HAVE GOT ONE
CANDIDATE AND PARTY
ORGANIZATION.
WE DON'T HAVE SIMILAR NUMBERS
FROM THE DNC.
AND THE DEMOCRAT PRESIDENTIAL
FIELD IS SPLIT BETWEEN SO MANY
CANDIDATES.
MELISSA: YEE.
>> IT WILL SHOW SHOW PERSISTENT
STRENGTH AS WE GO INTO 2020
BECAUSE THE DEMOCRATS HAVE THEIR
MONEY DIVIDED BETWEEN ALL THESE
PRESIDENTIAL CANDIDATE WHO ARE
FIGHTING AMONG EACH OTHER FOR
THE NOMINATION WHILE TRUMP IS
ABLE TO BUILD UP THESE BIG
RESOURCES.
HE, HIS CAMPAIGN BOUGHT
$10 MILLION WORTH OF TV ADS IN
RESPONSE TO THE IMPEACHMENT
FEATURE JOE BIDEN'S SPEECH AT
THE COUNCIL ON FOREIGN RELATIONS
BRAGGING --
MELISSA: I'M GLAD YOU BROUGHT
THAT UP.
WE WANT TO LOOK AT, IMPEACHMENT
THING TO A LOT OF PEOPLE IT IS
JUST NOISE BUT WHAT MATTERS IS,
IT IS SHAPING WHO WILL BE
RUNNING AGAINST PRESIDENT TRUMP.
THAT MAKES A BIG DIFFERENCE.
IF YOU KNOCK JOE BIDEN OUT WHO
IS MORE MODERATE, DOES ELIZABETH
WARREN BECOME THE CANDIDATE?
THAT CREATES A TOTALLY DIFFERENT
ECONOMIC PICTURE.
DO YOU THINK THIS ENDS UP
KNOCKING JOE BIDEN OUT AND
ELIZABETH WARREN IS THE
CANDIDATE ENDS UP RUNNING
AGAINST PRESIDENT TRUMP?
>> IN MY COLUMN I SAID IT COULD
DOOM THE BIDEN CANDIDACY BUT NOT
FOR THE REASON YOU THINK.
NOT BECAUSE PRESIDENT TRUMP GOES
AFTER JOE BIDEN FOR THE ISSUE A
LOT OF SWING VOTERS HEAR ABOUT
HUNTER BIDEN AND JOE BIDEN THE
FIRST TIME THAT IS STINKY, THE
VICE PRESIDENT'S SON GETS PUT ON
THE BOARD OF A UKRAINIAN NATURAL
GAS COMPANY AND HE HAS NO
EXPERIENCE IN UKRAINE AND HAS NO
EXPERIENCE IN NATURAL GAS.
HE GETS PAID BIG SUMS OF MONEY.
A CLOSE ASSOCIATE OF SECRETARY
OF STATE JOHN KERRY IS GETS PUT
ON THE BOARD.
WHO THOSE ARE FAVOR BIDEN IN
PRESIDENT TRUMP SAY THIS IS
STINKY.
THAT WITHDRAWS THEIR SUPPORT.
THAT DIMINISHES JOE BIDEN IS THE
MOST ELECTABLE CANDIDATE.
RATHER THAN GOING LIKE THIS
AGAINST TRUMP.
HE STARTS GOING LIKE THIS.
HIS MARGIN DISSIPATES SAYING I
DON'T LIKE THAT AT ALL.
I WILL NOT SUPPORT HIM.
THAT IS WHAT DIMINISHES HIS
CANDIDACY.
NOT ANY OF THE PRESIDENT'S
DIRECT ATTACKS ON HIM.
THE KNOWLEDGE OF THE HUNTER
BIDEN INCIDENT BY SWING VOTERS
AND INDEPENDENT VOTERS.
MELISSA: YEAH.
WOULD ULTIMATELY MAKE THE ACTUAL
ELECTION IN 2020 A STARK
