Also in this playlist...
This transcript is automatically generated
Our laptop is still witness moments ago USA we've still got a long way to go I was doubtful about the -- powerful -- -- -- are you saying 15161718.
-- come on give me a number -- how come lot I don't know how to give you what you're not hurt you but I think we've I think in the next three years will be a very very good market a connects three or four years I think it really is based on politics -- -- you know.
And I think good changes in economic policies would really fire that out just the way they did under Reagan and Clinton OK now I've got the budget it was just released -- I'm going to pick something like them down ago.
-- -- There's going to be a cap on 401 -- and Ohio writes I think that's a wrong message to send to young -- and you say.
I think you're right you're totally right but this guy doesn't -- straight up from second I don't know why he does this but.
He just sits there and alienate these groups and tries to make it as bad -- economy possibly can get.
Now cut tax the -- to believe that's what his goal that's exactly right Ed makes no sense that it doesn't.
Hedge fund managers they pay 15%.
Tax rate at the moment because of this with school carried interest basically -- their income is called capital gains.
That apparently is gonna change in -- go to ordinary income for the top minus 39% what do you make about.
Like it -- you could make the argument either way but the reason Obama's doing this of course is to tax the rich but we really need is good old tax reform Wallis Simpson.
Polls are Alla Rivlin Domenici that's what we need -- where we tax all income at the same rate.
From the first dollar to the last dollar it should include everything in -- like Jerry Brown did when he ran for president.
And you -- have a lower rate of 12% NB static revenue neutral that's where we should go or not this nonsense that that is being put out in the budget to -- and -- that -- of that.
This is just bad economic policy would know leadership whatsoever.
And I know budgets and I know when they're done this way because I was the first chief economist at the OMB when it was formed in 1970.
And this is just the bad bad policy for -- OK and everyone knows it's -- everyone knows grove and all.
Was was on the show yesterday he categorically said that these tax increases whatever they all whether it's on our Rasul carried it doesn't matter he says -- not been getting yet.
Any of OK now let's suppose.
He's wrong and we get some all of them.
-- -- -- -- -- sure it won't slow at the hugely.
But surely well it's that -- -- wrong policies this is not the way to do public policy -- what you want to do is do broad policy to make the -- fair.
And then get out of the way.
And let people do their business don't make -- worry about tax codes and how everything -- -- so they're sitting there are always with their lawyers accountants.
They're deferred income special the lobbyists and word about tax that they should be worried about making good products inexpensively for people to buy.
That's what business people should do not only about that music to our audience why -- such a stranger to us off -- and I guess it down in Tennessee -- -- -- got to come to New York occasionally come.
I do every every three or four decades that's what I do.
You know Ed and then we get a revolution we get a good set apologies and these weasels come back in and sit there and -- -- whether it make it all bad.
I mean it's just terrible weather in the same thing in Britain look at this Cameron guy.
He's as bad as they come down to start somewhere else but out of American okay -- this kind of stuff -- I would just thinking of lady Thatcher and how wonderful it was when.
Was she in the restaurant -- all working on that stuff in Britain which -- wonderful.
And Reagan and Thatcher and now will have to do it again and a couple of years went well nostalgia that's what I feel a lot laugh -- got to go thank you very much indeed so you Stuart now has.
Filter by section