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Former “Lifestyles of the Rich and Famous” host Robin Leach on Obama’s efforts to increase taxes on the wealthy.
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It seems a -- it's nevertheless by -- come out.
But a lot to states are trying to actually real demand in South Carolina for example they're pushing big tax breaks for millionaires who invest in small businesses.
My next guest says that's a good idea any knows a thing into about the rich.
He made illiterate by following how rich folks reliving formalized cells of the -- and -- missiles Robin Leach but I think one of the most distinct voices.
On the plan.
You I'd love you to do like -- like -- machine just you've reached that could do their -- now.
How what -- -- that I'm very well.
But unfortunately Neil Cavuto -- -- -- this moment driving in his -- top Rolls Royce among the region yeah I am.
Better yet that is set to report that it on you are not a fan of what's going on now I think it's deadly dangerous and -- -- argues those two words lightly.
-- -- What what are bomber is proposing.
You've got the -- bright damn accurate it is socialism it is -- who.
Probably and the evil ways doesn't work it's never worked and we went through this in Britain.
Until manufacture time -- and rescued us from a fate worse than what's gonna happen here.
You know takes great umbrage to that socialists.
Or descriptions -- of course because it's the truth.
He says I'm trying to level the playing -- What is level the playing field it's.
Colloquial warm Fuzzy expression that means I've a socialist.
Okay.
I wanna try this one they argue that over the last ten years twenty years more to the point.
The rich have lopsided only benefitted from what's been gonna -- and they believe that the only way to correct that is.
To bring.
He's a rich down by paying more in taxes punish the rich -- write the rich right.
Make them as middle income was porous the people who -- -- tighter from the US politician -- said.
Look the top rate used to be -- We have a hell of a long way to go when do you think that.
Frightening because at one point in Britain it was 99%.
What -- -- what was 99% surely no one paid.
Two more people who paid of the didn't part it really and it was it looked like the end of the world.
Because what happens is -- if you if you remove the -- trees supply from the economy.
And turn it over to politicians and the government to administer.
You know that everywhere you -- be it abortion -- costs 300000.
Almost -- in the road.
All a GSA conference in must make us.
Government wastes money government cannot run anything efficiently.
Government breeds.
Corruption employees in this because it is a we do not have philosophy.
It's rich people and it's private enterprise and its small business.
Owners who go out there and bust their humps.
-- group make progress in whatever -- line of work they're doing it's it's in -- human nature.
But then there's this other group of people who think that the money should be taken away from the -- get those on the do gooders.
Because they had not gonna do it -- make conduit and they want to do it and frozen longer issue have a president who was whipping up this.
Racial war on this economic divide which he's doing.
Quietly booked some of -- see through it you you Begin to realize that level the playing field is truly socialism.
I'm gonna top that.
