| 00:00:14 |
none, -
ILL-CONCEIVED. MR. CHAIT POINTS TO SUPPLY-SIDE ECONOMICS IS AN EXAMPLE OF 40 CONSIDERS A FLAWED POLICY THAT IS CHAMPIONED BY FEW. JONATHAN CHAIT IS...
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| 00:00:57 |
Unidentified Speaker, -
A MAGAZINE WRITER? >> ED BENINGTON NEW REPUBLIC FOR A DOZEN YEARS. >> WHAT IS THE DIFFERENCE BETWEEN WRITING A MAGAZINE ARTICLE IN THE BOOK? >> WELL...
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| 00:01:15 |
Unidentified Speaker, -
WROTE THIS BOOK IS I WAS
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| 00:01:17 |
Unidentified Speaker, -
CONSTANTLY FINDING MYSELF WHEN I
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| 00:01:19 |
Unidentified Speaker, -
WAS WRITING AND MAGAZINE ARTICLES WITH LITTLE PIECES OF THIS LARGER STORY THAT I WANT TO TELL
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| 00:01:23 |
Unidentified Speaker, -
AND THEN YOU HAVE THIS SORT OF DIGRESSION YOU HAVE TO ESTABLISH THIS OTHER
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| 00:01:27 |
Unidentified Speaker, -
IDEA THAT IS MAYBE ONLY TANGENTIALLY RELATED. USE SORDID NEED TO LIKE SAY, THIS IS TRUE BUT WHAT DO YOU KNOW ABOUT THIS SUBJECT IS QUITE RIGHT IN TRUST...
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| 00:02:10 |
Unidentified Speaker, -
YOU STICK WITH IT? HOW DID YOU FIND YOURSELF COMFORTABLE WRITING? >> I TEND TO THINK IN THE MORNING
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| 00:02:17 |
Unidentified Speaker, -
AND READ IN THE MORNING AND IN THE AFTERNOON THINK ABOUT WHAT I'M GOING TO RIDE ON MY WRITING DAYS INN IN THE AFTERNOON I TAKE A NAP ABOUT AN HOUR
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| 00:02:24 |
Unidentified Speaker, -
AFTER LUNCH, A 50 MINUTE NAP AND THEN I WRITE FOR THE REST OF THE AFTERNOON UNTIL THEN THERE ARE GO HOME AND SEE THE KIDS COME AND GIVE THEM THAT IS,...
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| 00:02:36 |
Unidentified Speaker, -
MORE HOURS AFTER THAT. >> COULD YOU WALK TO THE BIG CON MIGS A CASE ABOUT HOW IT GOT TO WHERE WE ARE ON SORT OF THE NATIONAL LEVEL IN TERMS OF ECONOMIC...
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| 00:02:59 |
Unidentified Speaker, -
CHANGED IN WAYS THAT MOST PEOPLE UNDERSTAND, HOW STARTING AFTER WORLD WAR TO END UP UNTIL THE MID '70S YOU HAD WHAT THEY CALLED A GREAT CONSENSUS. ...
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| 00:03:17 |
Unidentified Speaker, -
REPUBLICANS MORE WORRY ABOUT DEFICITS, EISENHOWER AND NIXON FOREIGN REPUBLICANS. THERE WERE NOT HOSTILE TO THE NEW DEAL OR THE NEW ROLE OF GOVERNMENT...
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| 00:04:47 |
Unidentified Speaker, -
THAT. >> VERSE WE ASK ABOUT HOW YOU WRITE THE THING. >> THAT IS A BASIC FUNDAMENTAL IDEOLOGICAL DISAGREEMENTS, THE PEOPLE ON THE RIGHT THING ANY INCOME...
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| 00:05:08 |
Unidentified Speaker, -
DISCURSION ABOUT WHY BUT I DON'T THINK THAT IS. >> THERE HAVE BEEN THOSE IN THE PAST TO ARGUE
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| 00:05:13 |
Unidentified Speaker, -
THE WAY THE GOVERNMENT OPERATES ACTUALLY DO STILL MONEY FROM CORPORATE YOU ARE REFERRING TO NOT HAVING HIGH MARGINAL TAX RATES AS REDISTRIBUTING MONEY...
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| 00:05:32 |
Unidentified Speaker, -
FAMILIAR WITH THE DATA THAT THE TOP 1% OR 3% OR 5% OR 50% PAY A LARGER SHARE OF THE TOTAL BUDGET THAN THEY USED TO. HOW DO YOU SQUARE THAT CIRCLE? >>
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| 00:05:44 |
Unidentified Speaker, -
THE TOP 1% PAY A HIGHER SHARE THAN THE TAX BURDEN YEARS AGO. THE REASON IS THEY EARN A MUCH HIGHER SHARE OF NATIONAL INCOME
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| 00:05:52 |
Unidentified Speaker, -
BEFORE TAXES. THEIR TAX RATES ARE LOWER BUT THE SHARE OF THE PRE-TAX INCOME HAS GONE UP SO BASICALLY THEY ARE EARNING MORE MONEY, THING LOWER TAXES...
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| 00:06:05 |
Unidentified Speaker, -
FALLING. >> OF CASE OTHER KING MORRON DOLLARS AND A HIGHER PERCENTAGE OF INCOME BUT YOUNG THINK THEY ARE PAYING ENOUGH? >> THAT'S RIGHT. ABOUT THAT I...
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| 00:06:30 |
Unidentified Speaker, -
ON. CAN YOU EXPLAIN TO PEOPLE WHAT YOU SEE SUFFICE ECONOMICS IS BEING IN THE MIKAN INTO
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| 00:06:35 |
Unidentified Speaker, -
THE INTERESTING CHARACTERS THAT YOU TALK ABOUT WHO POPULARIZED SUPPLY SIDE ECONOMICS. >> IT IS A MODEL CAUSAL EXPLANATION, A BELIEF THE MARGINAL TAX...
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| 00:06:49 |
Unidentified Speaker, -
KEY DRIVER OF THE ECONOMY AND THERE IS OF COURSE A KERNEL OF TRUTH HERE WHICH IS THAT PEOPLE DO RESPOND TO TAX RATES. YOU COULD RAISE TAX RATES OF...
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| 00:07:06 |
Unidentified Speaker, -
HIGHER EXPLANATION OF HOW EVERYTHING RECALLS RUN THIS FACTOR. YOU SHOULD NOISE CUT TAXES LOWER, AND THAT THE EFFECTS OF GROWTH ARE SUPPOSEDLY EXPLOSIVE...
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| 00:08:34 |
Unidentified Speaker, -
TIGHTNESS AND FUNDING MORE CAPITAL INTO THE PRIVATE
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| 00:08:37 |
Unidentified Speaker, -
SECTOR, BUT BASICALLY WAS GOING ON ITS OWN. THE POINT IS THE TAX DID NOT STOP THE ECONOMY FROM BOOMING. >> I WOULD POINT TO THE THAT THE STOCK MARKET...
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| 00:09:04 |
Unidentified Speaker, -
GO SLOW, IT STARTS OFF IN A RECESSION, RECOVERY, FASTER, FASTER AND BY THE PEAK IS GOING FULL TILT. YOU DID HAVE A CAPITAL GAINS CUT ITS THE END BUT...
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| 00:09:22 |
Unidentified Speaker, -
97 WAS THE CAPITAL GAINS. >> IT HIT BOTTOM IN 91. >> SURELY AFTER THE BOURSE TAX CUTS. WALK THROUGH WITH US SOME OF THE GUYS YOU DON'T LIKE TO SAY BROUGHT...
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| 00:09:45 |
Unidentified Speaker, -
BASES IN SOME WAYS OF
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| 00:09:47 |
Unidentified Speaker, -
SUPPLY-SIDE ECONOMICS. YOU
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| 00:09:49 |
Unidentified Speaker, -
ONE SHOWS SOMEONE WHAT IS SUPPLY-SIDE ECONOMICS, WHAT WERE THE TO INFLUENCE THE BOOKS? ONE WAS THE WAY THE WORLD WORKS. A VERY NICE
|
| 00:10:00 |
Unidentified Speaker, -
MAN, CRAZY AS A LINN , A TRUE BELIEVER IN WHAT HE THOUGHT. HE WROTE THE TRUE SUPPLY-SIDE EXPLANATION OF COME AGAIN HOW THE WORLD WORKS IN THE THRALL...
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| 00:11:32 |
Unidentified Speaker, -
MAGNETS OF THE CENTER OF THE EARTH AND THE MOON IS MADE OF CREAM CHEESE AND HAVE A GREAT NEW ECONOMIC PLAN, IT IS POSSIBLE MAYBE HE DOES HAVE A GREAT...
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| 00:11:43 |
Unidentified Speaker, -
LET'S 12 GEORGE GILDER. GEORGE GILDER WROTE THE OTHER GREAT INFLUENTIAL SPY -- WELCOME POVERTY. ALSO POSSIBLY -- IT WOULD BE A TOUGH CALL. HE IS A GUY...
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| 00:12:43 |
Unidentified Speaker, -
PART OF IT BUT IT FITS IN WITH SUPPLY-SIDE ECONOMICS BECAUSE IT IS THE SAME KIND OF THINKING HE BRINGS TO A COME OF THE
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| 00:12:49 |
Unidentified Speaker, -
EXPERTS ARE ALL WRONG. I AM A GENIUS AND I FELT THIS BRILLIANT NEW DISCOVERY. NOT HIS OWN BUT THIS GREAT BELIEF IN THE POWER
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| 00:12:57 |
Unidentified Speaker, -
OF UNCONVENTIONAL OUTSIDERS TO OVERTURN THE WISDOM OF EXPERTS. >> HAVE YOU FOCUS, I'M NOT SURE IS SOUGHT IN THE BOOK, IF YOU WERE IN THE 1970'S AND I...
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| 00:13:24 |
Unidentified Speaker, -
GERALD FORD DAVIS DOUBLE DIGIT INFLATION AND DECLINING STANDARDS OF LIVING, IS IT NOT REASONABLE FOR PEOPLE TO LOOK AROUND AND SAY THE ESTABLISHMENT...
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| 00:14:05 |
Unidentified Speaker, -
ECONOMISTS THOUGHT. I THINK NOW THERE IS, PEOPLE OF A BETTER GRIP ON WHAT HAPPENED. THE UNDERSTAND THE OIL SHOCKS AND OTHER CHANGES IN THE INTERNATIONAL...
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| 00:14:48 |
Unidentified Speaker, -
IS ONE OF THE CLOSE TO THANK YOU HAVE TO THE MAINSTREAM ECONOMISTS AND HE IS THE PERSON WHO CAME OF, THE CURVE WAS NAMED AFTER HIM, THE LAUGHER CURVE,...
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| 00:15:09 |
Unidentified Speaker, -
THE ASSUMPTION THAT THE UNITED STATES IS OR EVER HAS BEEN AT THE DECLINING END OF THE LAUGHER CURVE, THE POINT IN REALITY YOU CAN CUT TAXES AND CAUSE...
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| 00:16:06 |
Unidentified Speaker, -
WRITING, BUT "THE WALL STREET JOURNAL" BECAME
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| 00:16:08 |
Unidentified Speaker, -
A VERY IMPORTANT ORGAN FOR PROMOTING SUPPLY-SIDE ECONOMICS. THERE ARE ABSOLUTELY CARLOS. >> ROBERT MONTEL. >> ROBBER MONTEL, FORMER -- I THINK, IS HE...
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| 00:16:36 |
Unidentified Speaker, -
AREA OF ECONOMICS AND THEN HE KIND OF DROPPED OUT OF MAINSTREAM ACADEMIA, STARTING IN THE
|
| 00:16:41 |
Unidentified Speaker, -
1970'S AND BEGAN KIND OF ASSOCIATING WITH SOME OF THE SUPPLY-SIDERS. HE IS THE ONE FIGURE WHO HAS ALWAYS POINTED TO AS THE SUPPLY-SIDERS IS BEING THE...
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| 00:17:22 |
Unidentified Speaker, -
THEIR RESPONSE IN THE GROWTH WE SAW IN THE '60S. >> THAT WOULD BE TOO HIGH, 91%. MOST PEOPLE WOULD SAY IT IS TOO HIGH. >> AND THEN REAGAN WAS THE ONE...
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| 00:17:48 |
Unidentified Speaker, -
COMING IN THEN YOU DID
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| 00:17:53 |
Unidentified Speaker, -
BEFORE. YORKER TRICK OF SUPPLY-SIDE ECONOMICS IS THERE FOR WHAT? WHAT YOU DID IS BETTER FOR 91% RATE THAN A 21% RATE EVEN IF THE GOVERNMENT GETS MORE...
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| 00:19:00 |
Unidentified Speaker, -
CAN SAY WOULD HAVE BEEN BETTER WITHOUT AND I AGREE BUT THAT IS A WAY OF ESTABLISHING THE WHOLE PARAMETERS. WE ARE NOT TALKING ABOUT SOMETHING THAT...
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| 00:20:26 |
Unidentified Speaker, -
TAX RATES OF 22%. THE TOP RATE PEOPLE TEND TO SHORTHAND. THE RAIDS WERE CUT FROM 91 TO 70 BECAUSE YOU DON'T REMEMBER 11 SETS OF RATES. SO SOME OF THE...
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| 00:21:20 |
Unidentified Speaker, -
GROWTH. >> ACTUALLY EACH OF THE TIMES WE TRIED TO DROP RATES WE BRING ALL RATES DOWN. >> IF YOU READ THE WALL STREET JOURNAL, WHAT THEY ARE REALLY SAYING...
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| 00:21:42 |
Unidentified Speaker, -
PERHAPS A 39% DOESN'T COME WITH HAD A HISTORY OF 39% RATES THAT WAS THE CAPITAL
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| 00:21:48 |
Unidentified Speaker, -
GAINS TAX BEFORE THE STEIGER AMENDMENT, THE 1978 CUT. WHEN THAT WAS CUT FROM 39.5% TO 38% DOWN AND HAVE COME DOWN TO 20%, THEN
|
| 00:22:01 |
Unidentified Speaker, -
IT WENT FROM 20% TO 20, THEN BACK UP TO 20 TOWN WHERE YOU HAD THE COLLAPSE IN '87 AND THEN BACK DOWN TO 20, BACK DOWN TO 15. THE DROP FROM 38 TO 28...
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| 00:23:11 |
Unidentified Speaker, -
IN THE WORLD, WE CAN POINT TO SOMETHING GOOD HAPPEN IN POLICY THAT HAVE BEEN BEFOREHAND OF WHEN THE FIRST HAPPENS THEY EXPLAIN IT AWAY. THIS IS WHAT...
|
| 00:24:14 |
Unidentified Speaker, -
DAYS THEY ANNOUNCE THE PROTECTIONISM LEGISLATION WOULD PASS, SMOOT-HAWLEY AGO FOLKS WHO, SUCH AS CHU BUDYNSKI -- AFTER WORDS AND SEVERAL OTHER C-SPAN...
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| 00:25:46 |
Unidentified Speaker, -
CRACKPOT ECONOMIST. WE TALKED ABOUT A NUMBER OF THE ECONOMIST WHO HELPED MOVE
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| 00:25:53 |
Unidentified Speaker, -
THIS IDEA OF MARGINAL TAX RATES MATTERING THROUGH. WE TALKED A LITTLE BIT ABOUT WHETHER YOU VIEWED THE ENTIRETY OF CENTER-RIGHT POLITICS AS ODD. I...
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| 00:27:10 |
Unidentified Speaker, -
THE TRIAL LAWYERS DO IS PRETTY SMALL SO YOU CAN SHOOT EVERY TRIAL LAWYER IN THE COUNTRY AND WOULD NOT MAKE THE ECONOMY GROW APPRECIABLY FASTER THE NEXT...
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| 00:27:43 |
Unidentified Speaker, -
SUPPLY-SIDERS AND HOW THIS BECAME THE IDEOLOGICAL VANGUARD. YOU HAVE A LOT OF OTHER GROUPS THAT ARE ALONG FOR THE RIDE THE DON'T
|
| 00:27:50 |
Unidentified Speaker, -
NECESSARILY BELIEVE IT. THE INTERESTING THING TO ME IS THAT THEY ARE THE ONES
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| 00:27:54 |
Unidentified Speaker, -
TO OF REALLY NOT GOT THEIR WAY. YET CHU GROUPS I THINK OF BASICALLY TAKING CONTROL OF THE AGENDA FOR CO HE OF THE SUPPLY-SIDERS AND THE BUSINESS LOBBY...
|
| 00:30:59 |
Unidentified Speaker, -
HAVE. ONE OF THE QUESTIONS I HAVE IS, WHY IS THE STATIC MODEL KEYNESIANS OR WRONG ABOUT DORNIER
|
| 00:31:09 |
Unidentified Speaker, -
EVERYTHING AND THEN YOU HAVE A TAX THEORY, MARGINAL TAX RATE THEORY WHICH COMES
|
| 00:31:14 |
Unidentified Speaker, -
OF AWFUL LOT CLOSER TO EXPLAINING HOW THE WORLD WORKS,
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| 00:31:18 |
Unidentified Speaker, -
DO YOU THEN EXPLAIN AWAY THE FAILURES OF THE ESTABLISHMENT, NIXON, HUMPHREY CONSENSUS. >> BUSH COMES TO OFFICE, PROTECTIONS OF THE SURPLUS, BUSH 43, GEORGE...
|
| 00:31:46 |
Unidentified Speaker, -
WAS SAYING HE WAS FRIGHTENED THE SURPLUS WOULD GROW SO BIG THE NATIONAL DEBT WOULD BE BOUGHT OUT COMPLETELY, WHICH WAS AN ANSWER THING TO BE WORRIED...
|
| 00:34:22 |
Unidentified Speaker, -
REDUCTION IN MARGINAL TAX RATES, THE LOSS OF REVENUE FROM THE GOVERNMENT FLOWED FROM INCREASING THE DEDUCTION FOR CHILDREN, WHICH IS GOOD IN TERMS...
|
| 00:34:58 |
Unidentified Speaker, -
THE ONES, THE BOYISH WAS LESS
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| 00:35:02 |
Unidentified Speaker, -
AND DELAYED AND SPREAD OUT. OF THE 2003
|
| 00:35:06 |
Unidentified Speaker, -
TAX CUT --. >> THE SUPPLY TAX CUT WAS -- WHEN PREDICTIONS DID NOT PAN OUT THE MATED AND ORPHAN AND READOPTED THE MORE FAVORED TAX CUT BECAUSE THIS COULD...
|
| 00:35:30 |
Unidentified Speaker, -
VERY HEAVILY. >> BETTER THAN NOT. >> I COULD PULL UP WALL STREET JOURNAL AND DEMAND THAT CONGRESS PASS AND HOW WOULD YOU FEEL ABOUT REPEALING THE 2001...
|
| 00:35:49 |
Unidentified Speaker, -
GOVERNMENT. THERE ARE TWO REASONS FOR CUTTING TAXES, ONE IS FOR ECONOMIC GROWTH, NO ONE IS TO REDUCE THE
|
| 00:35:55 |
Unidentified Speaker, -
SIZE AND
|
| 00:35:56 |
Unidentified Speaker, -
SCOPE OF GOVERNMENT. WHEN I ASK WHY DON'T THE LIBERALS EMBRACE JOHN F. KENNEDY? >> WHICH THEY
|
| 00:36:04 |
Unidentified Speaker, -
DO? >> NOT ON THE FENCE, NOT ON SOCIAL ISSUES, NOT ON ECONOMICS BUT LET'S SAY THEIR WORK ON ECONOMIC ISSUES AND GO BACK TO BEING A LOW TAX RATE, PRO-GROWTH...
|
| 00:36:27 |
Unidentified Speaker, -
OR THE DEMOCRATS TO DO THAT I THINK
|
| 00:36:29 |
Unidentified Speaker, -
IT WOULD HAVE A STRONGER ARGUMENT. >> FOR A WHILE. WITH THE LOW TAXES AND HIGH SPENDING THEY CAN WIN ELECTIONS FOR A WHILE I AGREE. >> THEY SEEM CONSTRAINED...
|
| 00:36:42 |
Unidentified Speaker, -
BOOK YOU PLAY, HAVE A
|
| 00:36:44 |
Unidentified Speaker, -
HIGH OF RULE FOR THE ENVY AND IN THE POLITICAL STRUCTURE. IT SEEMS IMPORTANT TO YOU THAT THE GUY WHO WORKS ON SATURDAY PAY MORE IN TAXES THAN THE GUY...
|
| 00:36:54 |
Unidentified Speaker, -
NOT. THE WHY IS THAT IMPORTANT AS A VALUE? >> IT IS INTERESTING,
|
| 00:36:59 |
Unidentified Speaker, -
I JUST SAW LARRY KUDLOW, A FRIEND OF YOURS? HE WAS TALKING ABOUT HOW ROBERT RUBIN WAS DRIVEN BY CLASS AND THE BECAUSE HE IS FOR HIGHER TAXES. HE IS...
|
| 00:37:20 |
Unidentified Speaker, -
THE THE -- IDEAS THEY DON'T LIKE IT SHOWED THAT OF THE PUBLIC DEBATE. IN B AND CLASS FOUR IS THE RIGHT WING-AND WE CAN'T TALK ABOUT WHO IS GOING TO...
|
| 00:38:03 |
Unidentified Speaker, -
WORK ON SATURDAY. DEIST THEY TAX IS THE NUMBER ONE TAX THE REPUBLICANS WANT TO
|
| 00:38:11 |
Unidentified Speaker, -
|
| 00:38:12 |
Unidentified Speaker, -
ELIMINATE. BUT LET ME TAKE THIS, CAN I TAKE THIS TO A MORE PHILOSOPHICAL
|
| 00:38:18 |
Unidentified Speaker, -
LEVEL. THIS IS ONE OF THE PHILOSOPHICAL DISPUTES BETWEEN LIBERTARIANS AND PUREST LIBERALS BECAUSE PEOPLE LIKE YOU THINK THAT BASICALLY WEALTH IS A PRODUCT...
|
| 00:39:47 |
Unidentified Speaker, -
MINIMUM. OF THE ARGUMENT IS NOT THAT FREEDOM, IT MAKES VIRTUOUS PEOPLE ARE REWARDED, THE ARGUMENT IS FREEDOM ALLOWS PEOPLE TO RUN THEIR OWN LIVES....
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| 00:41:15 |
Unidentified Speaker, -
TO TAKE YOUR MONEY. YOU KNOW PERFECTLY WELL IF YOU DON'T TAKE TO PAY YOUR TAXES THEY WILL COME TO --. >> EVENTUALLY YOU WILL GET SHOT. >> IT DOES HAPPEN....
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| 00:41:31 |
Unidentified Speaker, -
NOT NECESSARILY AN IMPROVEMENT OVER THAT. WHY YOU THINK THE AMERICAN PEOPLE,
|
| 00:41:36 |
Unidentified Speaker, -
I AM LOOKING AT POLLING DATA, THE MAJORITY OF PEOPLE THINK THE TOP PERCENTAGE ANYBODY SHOULD HAVE TO PAY IS BELOW 20% AND OF COURSE THE GOVERNMENT
|
| 00:41:45 |
Unidentified Speaker, -
DEMANDS MORE THAN
|
| 00:41:47 |
Unidentified Speaker, -
THAT. >> SOME
|
| 00:41:49 |
Unidentified Speaker, -
THINK IT IS 33%. >> WHEN YOU ASK, ACTUALLY 25% GOES BACK TO THE 50'S. THAT IS A HIGH NUMBER. YOU GOT TO 33%, ONLY SEVEN DOORS AND THE PEOPLE IN THE...
|
| 00:42:11 |
Unidentified Speaker, -
POSITION. IT IS BEEN CONSISTENT
|
| 00:42:13 |
Unidentified Speaker, -
FROM BACK IN THE 50'S. DOES THIS SUGGEST PERHAPS WHY YOUR TEAM IS HAVING TROUBLE SUGGESTING THAT THE GOVERNMENT'S ROLE OUGHT TO BE GOING OUT AND TAKING...
|
| 00:43:05 |
Unidentified Speaker, -
NOT. >> JUSTICE TO PUT THIS. IS THE VIEW OF THEM
|
| 00:43:07 |
Unidentified Speaker, -
WITH THE RATE IS YOU SHOULD PAY, ARE YOU IN FAVOR OF RAISING TAXES, YES. PEW SURVEY COMING ELECTORATE ASKED REPUBLICAN SHOULD WE KEEP ALL THE BOYS...
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| 00:43:26 |
Unidentified Speaker, -
MAJORITY AMONG REPUBLICANS. YOU ASK REPUBLICANS WHICH IS A HIGHER PRIORITY, CUTTING TAXES OR CUTTING THE DEFICIT, THEY SAY CUTTING THE DEFICIT. THE...
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| 00:44:46 |
Unidentified Speaker, -
OF YOUR WEBSITE IN IOWA, WHERE THEY ASK PEOPLE, WE ARE VILLAGE TO RAISE THIS TAX AND HERE IS HOW WE ARE GOING TO SPEND IT ANY GOT VOTED DOWN 85 TO...
|
| 00:46:11 |
Unidentified Speaker, -
FAILING? I WANT TO BE TURNING THIS INTERVIEW ON TO YOU BECAUSE FRANKLY WANT TO BE TALKING ABOUT
|
| 00:46:17 |
Unidentified Speaker, -
MY BOOK. I
|
| 00:46:19 |
Unidentified Speaker, -
THINK YOUR THEORY FAILS TO EXPLAIN HOW THE GOVERNMENT EXISTS
|
| 00:46:22 |
Unidentified Speaker, -
AT THIS RATE THE GOVERNMENT --. >> ONE OF THE THINGS YOU
|
| 00:46:29 |
Unidentified Speaker, -
TALKED ABOUT WAS THERE WAS THIS CONSENSUS IN THE 40'S AND 50'S AND EARLY '60S WHICH WAS VERY STATUS, NOT JUST HIGHER ORIGINAL TAX RAISES, EVERYTHING...
|
| 00:46:49 |
Unidentified Speaker, -
RATES FOR BANK AND INSURANCE COMPANIES AND A LOT OF THAT CAME UNDONE AS A RESULT OF THE FREE MARKET MOVEMENT. I DON'T KNOW WHETHER THIS QUALIFIES AS...
|
| 00:48:07 |
Unidentified Speaker, -
SUCCESSFULLY, SAYING WET TO RAISE TAXES, WILL THEY READ YOUR BOOK AND SAY THIS IS BOTH GOOD POLICY AND COULD POLITICS? I ADVOCATE THE 2006 ELECTION AND...
|
| 00:48:55 |
Unidentified Speaker, -
GOES TO PEOPLE MAKING OVER THREE TO
|
| 00:48:57 |
Unidentified Speaker, -
THOUSAND DOLLARS. >> IN THAT BOOK YOU TALK ABOUT GIVING STUFF TO THE RICH AND I GUESS I WOULD ASK YOU, WHAT YOU THINK THE GOVERNMENT, DO BELIEVE THE GOVERNMENT...
|
| 00:49:21 |
Unidentified Speaker, -
JUST? >> THAT IS A GOOD QUESTION. THAT IS A PHILOSOPHICAL QUESTION AND PART OF IT WAS THE IDEA THAT IF YOU TAKE AN EXTRA DOLLAR FROM SOMEONE WHO IS...
|
| 00:49:43 |
Unidentified Speaker, -
GOING WITHOUT HEALTHCARE SO THE WAY TO INCREASE AGGREGATE HAPPINESS IS TO HAVE REPRESSIVE SYSTEM WHERE PEOPLE OF THE TOP PAY HIGHER RATES. THAT LEADS...
|
| 00:50:37 |
Unidentified Speaker, -
GENDER, RELIGION ARE ARE VERY DISTINCTIONS, INCOME LEVEL DIRECTLY SPEAKS YOUR ABILITY TO PAY. THE HIGHER YOUR INCOME LEVEL, THE MORE YOU CAN AFFORD...
|
| 00:50:58 |
Unidentified Speaker, -
FROM THE STABILITY OF THE INFIRM AND CREATED BY THE GOVERNMENT. TO ME IN ITS ABILITY TO PAY, WHERE RICH PEOPLE HAVE HIGHER ABILITY TO PAY. >> YOU LOOK...
|
| 00:51:10 |
Unidentified Speaker, -
AND SAYING A BUNCH OF INTELLECTUALS COMING IN AND BAMBOOZLING THE AMERICAN PEOPLE US
|
| 00:51:15 |
Unidentified Speaker, -
BE YOUR OUT ON A HIKING TRIP, OUT IN THE WOODS. YOU HAVE -- YOUR CANOEING AND U.S.-SUPPORTED AND CARRY YOUR CANOES ACROSS TO THE NEXT PLAY. THE BIG KIDS...
|
| 00:51:30 |
Unidentified Speaker, -
GIVE THE SMALLER TAX. IS THAT MEANT YOU CAN GET EVERY ONE THE SAME, BUT WE ARE NOT -- YOU GIVE THE BIGGER KIDS MORE. ARE YOU PUNISHING THEM? NO, IT...
|
| 00:52:12 |
Unidentified Speaker, -
WHERE THE GROWTH IN THE NUMBER OF INVESTORS, PEOPLE WHO OWN SHARES OF STOCK WENT FROM 20% UNDER REAGAN TO OVER 50% OF FAMILIES, 60% OF ADULTS AND THAT...
|
| 00:52:50 |
Unidentified Speaker, -
HIGH TAXES MR. INOUYE. YOU CAN SAY CAPITAL GAINS TAXES HELPS EVERYBODY, BUT THE TRUTH IS MOST OF THOSE PEOPLE AREN'T PAYING THE TAXES ANYWAY. THIS IS...
|
| 00:54:08 |
Unidentified Speaker, -
YOU. .. >> NEXT
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.