Dont Stop Working News Today

Dont have any salary caps at all. >> no, of course not. because winning is everything. and its the same thing among ceos. what matters is the rank. >> and this incentive issue is what youre finding throughout your research. that incentives in -- in classical economic theory dont work the way we might think they do. for example, the argument about welfare, disincentivizing people. they wont try to work if you give them welfare. what did you find about that? >> similarly, the poor also dont stop w...

Middle-income country. the poor are not discouraged fighting corruption, and their own president is trying to pull from working. weve known that since the late them into a corrupt scheme. 60s and 70s in the u.s. where and to their credit, i have to the so-called negative income say theyre raising a red flag, tax experiment that actually theyre pushing back, and gave money to the poor people theyre saying, this is not and taxed it away at a rate of right. and theyre doing everything they can -- y...

That news report. teams in the united states versus europe, where there are no salary caps. and that may have been just been and you dont see any effort that he was surprised. how does it affect you when you difference in the salary capped hear testimony like this? players versus the players who >> this is astounding if you think about it. dont have any salary caps at the president is protecting all? >> of course not because winning russia, it appears to be the is everything. case, at the expens...

For example, welfare becomes more generous, people dont stop working. its been demonstrated in country after country. poor countries, rich countries, middle income countries, the poor are not discouraged from working. in fact, weve known that from the late 60s and 70s in the u.s. where there were the so-called negative tax income experiment that actually gave money to the poor people and taxed it away at a rate of 50% and it had no discouraging effect on their work. its actually a little secret ...

From observing the world. youll actually looked at salary caps on professional athletic teams in the united states versus europe where there are no salary caps, and you dont see any effort difference in the salary capped players versus the players that dont have any salary caps at all. >> no, of course not because winning is everything. and its the same thing amongst ceos. all they want to do is be richer than their friend ceos. the level doesnt matter, what matters is the rank. >> this incentiv...

>> who tend to not be considered essential. >> those people will lose their paychecks, and to the point marc short made earlier, these agencies are actually making a lot of policy right now, you know, cms just made this decision about shifting the way it dealt with medicaid. that will stop, you know, the irs will not be able to sort of figure out all the rules and regulations it needs to implement the tax code, so those sorts of things will be put on hold if theres a shutdown. >> peter -- go ahe...

Of the electorate along the lines of the turnout in barack obamas last election, 28%. but this is a special election. in an off year, in mid-december. randall woodson was just sworn in as mayor of birmingham. >> it is a challenge. i think it is a worthy fight. and what i mean by that is there is six days before this election. you cant discount the last six days. there is more to be done. there is work already being done and miracles happen. >> reporter: you think it would take a miracle for jone...

About a quarter of his presidency has been spent outside of washington in his resorts. >> chock that up as his speech. in office 197 days. spent of those at a trump property. >> the reality, presidents are human beings. this is a 24 hour, 7 day a week job. you leave the ground and dont stop working. every human being who works a job like this ought to have vacation. on the other hand, its so uncanny the way in which the words of a year and a half ago or a year ago directly contradict what hes do...