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Author Mark Steyn on the expansion of government and why taxing the rich won’t cover the costs.
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Conservative columnist supreme all -- and Christmas Carol -- Joins us as well let's get right on it Marc welcome to the program -- deteriorated -- -- -- President Obama says.
I'm gonna insist on raising tax rates on the rich it is my opinion that the president wants to punish the rich -- -- -- and.
Yeah there's there's not enough for the rich in this isn't about the economy for him.
This is essentially about his view of government he he believes in the state being a -- size.
And so what's important to him is that he finds money to support that.
That's -- stops for the rich but basically if -- not rich if you're middle class if you just got -- years.
An average paying job you'll going to be stuck with the cost of this size of government uses no way to avoid that oh OK so your saying look.
The -- -- wants to expand government.
No matter walks -- -- with all got to pay for it yes not a question making the rich Bayh for president up money amongst the Renault and everybody knows what I mean basically -- where cut went up points shy of Canadians spending.
You American steel had an authentic native born American -- you think of yourself as manly steady -- limited government self reliance is on the Canadian I think of myself as an defeat -- French monarch -- socialist.
-- one point there's one point of government spending between us now that's what Obama's done for America really it's that close -- it's 41% in the United States 42%.
Of in have majesty's frosty northern dominion.
Nothing that we -- been dropping their taxes that dramatically this -- helping the -- and economic miracle there yet and they haven't got a right to banking sector and a -- Chad probably not can admit they don't of sub prime mortgages that.
And though they go to and they got.
They pay down the debt during the nineties which it when you look in the eyes and I ask anybody in Washington he say so this like sixteen trillion dollars you thinking it'll maybe be.
Twelve trillion -- one point in four -- they don't not looking allies I don't know in.
Tension and that stuff back but yet but look that the rich -- well largely.
Laws and some wealthy people in America really support president Obama's tax the rich policy.
And yet now those same rich people are paying themselves dividend.
Via that companies but only to avoid the tax the rich tax next year yeah look.
At what they do know what they say -- about paying the dividends at least some MCI and -- we voted for Obama but we can't afford to actually implement the Obama camp proposals.
And some of them just go the whole -- like Cantonese rich big time.
Democrat supporter who fled to that well -- tax haven of the United Kingdom.
And then -- say US citizenship.
They have basically.
They'd the united -- you the the US wealthy.
-- making their arrangements they understand what's happening yeah.
And I think they they understand that we're headed for Franco German levels of growth on the common -- -- You realize there's two guys sitting opposite in a studio in new you'll run both of British acts.
Right both it was talking about the Americans -- to about consistent right bath yeah.
What does the -- that's -- had a million anyone can get off the -- and Ellis Island employee and I was like death.
They're telling you Americans everything that's -- -- dependent and that's the company but I think -- -- to -- -- -- That they actually embraced.
I think a lot of people's stuff off the boat embrace what America's all about more of the people who actually born in this country and that they know I think we keep complaining that the wealthy.
On the buffet and yet they support Obama because they -- if you use -- -- -- they can afford it.
But the other well pleaded 250000.
They're stuck between a rock and a hard place in -- reason we started that global tomorrow exploit.
I don't anyone out there who does not think that at some point you know we're gonna come around to 200 pound.
And 150 what what -- second hold on second under Obama -- The taxes which will pay for Obama can't go into effect on January the first three full weeks from now.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- All of these taxes are out there in the gonna get but the point is the alternate point why they so regardless of that they did got to go lower to all the leading -- -- -- -- And -- because it to 5200 still Sam's tied to a lot of people watching this.
But basically if -- if -- I think upwards of 40000.
Dollars.
The buzz and a painful.
Obama's Chinese Government.
Will full on you and the point is then it becomes harder to get from I -- forty man to running eighteen man drowning -- 150.
We will have a Latin American situation where you'll have a privileged elite.
Still vacationing.
At mouth has been yeah.
And you'll have a huge great swamp of dysfunction underneath but no mean that they're facing at least will be it will be that you don't have men and women -- of wisdom that went to harbor with Obama and they do the best they can't -- -- I think is most disconcerting going back to mark the original point is that not the seems to be about the economy the president in the stepping forward and saying.
What this is going to do for job creation of the country how -- gonna pay out the sixteen trillion dollar debt.
And we have companies today that are looking Obama -- we just talked about Darden in Cheesecake Factory.
They're talking about the blessing -- full time workers going to part time in the environment we're looking at 8% unemployment.
This isn't about solving the economy knows not its old Aussie is now it's -- Politics all the time guys redistribution.
Its neo socialism forget what it'll actually due to economic growth -- just -- what it will do for my political life as well and I think that's that's the point it's it's promising the causes of bureaucracy.
And dependency so you you have people who pay they no longer have a full time job have a part time job they need more government benefits you need a bigger bureaucracy.
Tremendous it.
We don't have anything to show for big government you know I'm not a big government -- but.
We if you catch say the year right stopped train on the continent two hours from London to Brussels I'm.
That's a pretty good if you want if you want government spending.
He has something to show for there's nothing to show -- Except the department of democratic compliant.
Success of the big beef with the with the stimulus back it's been couldn't they're like what -- my town they think the bridge that literally want from me the Stewart.
I'm ten years or do they took upside down after the election and I mean that the -- about.
More called on everybody.
