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Everything should be put it when everybody gets a fair shot restore fair basic fairness for all Americans.
-- my president sure talks a lot about fairness in the media and political class used the word fairness to justify.
Everything from higher taxes to Green energy subsidies without government they say things would be less fair.
And so politicians can guarantee fairness.
But Steve Moore of the Wall Street Journal says well they can't.
We mean no they can't.
-- the government hasn't made things -- in fact I think a lot of the government policies John.
Make -- society less fair and we really have to step back from an I think it's and and think about are -- mean is it.
Is it fair that.
That someone like -- -- is -- sign a twenty million dollar contract where -- where is a non maybe we'll never make that amount of money in our lifetime or is it.
-- is it fair that that you have politicians that make two or three times the median income.
Look fairness I think in -- have to be determined by the marketplace not by politicians and and I think that's what the president Roy talking about when he says fairness he thinks that the people in Washington.
This should decide what your after tax income has my income after tax income is Tiger Woods -- -- -- after tax so he's not saying.
That -- meaning can't make a bunch of -- -- to watch as a whole lot of -- -- here's my problem -- in in our American society today.
That time the richest 1% the tiger -- at the world the patent managed of the world people like that the Warren Buffett's.
They pay 40% of income tax court that they cannot but look 40%.
-- the top 1% pay now more than than the nine bottom 95% so we never.
Tax system that is highly dependent.
Not the very top people -- top one of the things that I think is unfair about Arctic tax system John.
Is if you look at the bottom 50% all Americans beneath the media and today there are only paying to a half percent of income tax I think about that I'm -- volunteer but it.
Income tax they pay payroll already sales actually contributing that's true but you know what even if you take all taxes combined.
The bottom 50% pay us a tiny show less than 10% whereas the top 50% -- -- -- percent so it's a it's a highly progressive tax system that.
The fundamental idea that Barack Obama's trying to sell the American people as the rich are paying enough and what I'm saying you John.
They pay an awful lot already.
Your opponents would say.
The richer filthy rich -- squandering money and mentions and stuff they don't need and that bottom 5020 whatever percent when he news.
They need help in charm but you know what -- of jobs come from when you talk about those people in the top 12 or 3%.
That's what most of those people do for a living that actually they're not football players and they're not golfers and they're not actors most of that the vast majority of them.
Our small business owners -- people who.
-- in most cases started with nothing.
Built up a business with their sweat equity and took risks -- these businesses I'm thinking about somebody like my father who built up -- whole life and you know when he became much.
And and he should be ashamed about and why should the government take.
There's much has happened has money because of that if he's again he's a person who created jobs for those people you're talking about government doesn't create jobs report people.
It's entrepreneur -- in business owners who do.
And even the football player indirectly make -- it has been a lot I mean there's an old saying that you know I never got hired by a four person -- and there's a lot of truth -- that.
Now you wrote an op Ed for the Wall Street Journal that raised other ways of thinking about fairness that -- liked.
Like is it fair that the three counties -- America's highest median family income.
Just happened to be located in the Washington DC area that's from my favorites job because it it then that's been the case for about 25 years as long I've as I've lived in Washington but it's increasing it is at the gap between.
Washington and the rest America is increasing and the -- it's increasing job is because government is getting better way to make government is supposed to be.
You know reducing these income gaps but actually all the money comes to watch and it's essentially the way this works as we collect four trillion dollars to -- live in Washington week left four trillion dollars from the rest of the country.
And then we keep 10% of that we some three point six trillion back so we get rich off -- this I could never understand yeah.
By people in Detroit or Sacramento or Portland Maine would wanna -- all the money to Washington and let us have a -- charges on the back to them.
It's quite a racket really work if you get assure us.
You also -- is it fair that Americans who build a family business hire people save money -- -- when they die must pay an estate tax.
Going up to 55% next year.
Rather than passing that money on to their local.
I would say yeah they're ridiculously rich and it hardly serves the children.
To get a gift of all this money it makes it -- blaze that's a good example because let's say that you and -- service and -- certain economic circumstances let's say we make the same amount of money over.
-- -- -- -- -- And then we -- to retirement.
You go out and you gamble and you womanizing.
Drank and you spend all your money on this your right.
You don't have the pain inheritance tax gives you basically spent -- all right.
Hi frugally I continue to invest in the business I'm Ruble I save them money so -- can pass -- on my children so I'm I'm leaving them a legacy.
Why should I have to pay -- 50% tax.
What I save whereas you span at all I'm the one who acted virtuous not you.
So I can see that this incentive to act virtuous right and the incentive -- that of the tax system by helping the 50%.
Tax rate -- death is to die there's a book was about selling book not long -- -- broke you should die broke because that way the tax man can't take it from him.
Another brain expander you broad.
Is it fair that Treasury Secretary Tim Geithner former majority leader Tom Daschle congressman Charlie Rangel and other leading Democrats who preached tax fairness.
Underpaid their own text -- I mean this is there's a lot of fun personally except it's funny but there's hypocrisy element to this.
I mean a lot of these Democrats self righteously say everybody should pay more -- -- and you've got the Treasury Secretary the head of the Ways and Means Committee who blow the tax laws and so on.
These people are paying their fair share -- that they're not paying their tax liability I think in some ways they were cheating on their taxes how dare they say that I should pay more.
Good new ways of thinking about fairness and we're gonna return to some -- ideas at the end of the show but before you go I just want to thank you.
For appearing on all these shows so I don't have to where you explain.
Markets to the left me you go on build bars show CNN col -- Michael Moore's movie.
I somebody I wonder where there are receiving anything but I do it just to be fair.
Well I think we're all grateful that you do that thank you Steve more --
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