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Former UBS Chairman on Taxing the Wealthy
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Former UBS Chairman Joe Grano on the need for the President to focus on unifying the country, not dividing it.
- Duration 3:29
- Date Aug 28, 2012
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Former UBS Chairman Joe Grano on the need for the President to focus on unifying the country, not dividing it.
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Where -- of this convention and wedding.
Forgot about whether it's winning over main street is -- reassuring Wall Street.
-- -- of the former UBS German Georgia right now so what do you take from your vantage point.
And I think -- couple things.
I think this country's at a crossroads in this convention is very important to our future.
I honestly listening to some of your guess.
This is an issue where there's no question we -- moral obligation taking care people who cannot take care of themselves but we need to insist that those who can do.
Otherwise we create this -- society.
This run rate continue for seven more years for Greece is insane.
As you know -- I wrote a book a couple of years ago that said let's support this new president.
I can't do that now he's dividing the country.
He thinks is -- only Smart -- and which makes in the dumbest man and woman my opinion.
And where we're moving to a socialistic.
Culture which is just very very analysis.
I think our mark.
Considering -- -- so when I -- -- also argued that the war.
The rich have a responsibility.
Do -- not as -- to pay more taxes but I think you said wanted to Social Security or.
Or benefits that are generally given all Americans that -- -- -- guys like yourself.
Shouldn't get them and that didn't didn't jibe well with with a lot of my -- viewers that they of their funeral who heard that what -- Jose.
Well hello all they can call you still like me can I don't wanna my best friend would tell you guys -- these Social Security check I don't his Social Security check.
Wherever I may disagree -- some Republicans.
If you need to raise my taxes 5% to get a balanced view.
Cut spending raise taxes and this is only so much more than that rock -- -- forward.
I just don't agree.
However that.
The richer the enemy that's just the opposite of what man who made America great.
But do you think the rich have hurt themselves not all of them by the the ones who pushed too far.
You know exploited the system or or or -- scandals on Wall Street some of their accord others not.
That the constant bailouts they're bad -- when -- for anyone but Wall Street that Wall Street for example a year old friend send a mixed message.
That hurts their -- it hurts your message hurts their -- Usually it's -- convergence.
Up with the -- trees seemed like every other month.
And Wall Street certainly was.
Part of the problem but not a total -- started in 99 when Clinton.
The truth of the matter is though.
When you're in a crisis you wanna -- the country you don't want to present standing up saying -- -- -- is good he should be bringing the country together this managed to stand up and say.
I can remove your background I became -- United States in this country that can happen to you.
Yes the aspiration.
Bring the country together in a crisis not -- Yes it's easy to pick on -- rich but the truth of the matter is.
In 1980 there were 32% of all taxes -- 67%.
What are we talking about here and it's candy pointed out all of Philanthropic.
Issues that we've been contending with have been supported by the rich.
It.
Alright -- thank you very much so Reynolds -- current holdings.
When the finest minds on Wall Street of one of the terrorists as well.
No grip both sides which it was a.