Page 12 - Gary B News Today

>> 80% of the people take more money for the government than they pay in. that number does not work and that was, somethings going to bust. >> ive got to give gary b the last word here. >> why? >> because i want to. [laughter] >> not toby? look, jonas made the good point. unfortunately, the politically easy thing to do is continue to raise taxes and the other thing that scott alluded to, no matter how much you raise taxes percentage of revenue per gdp is going to remain the same and well never b...

Taxes to solve this debt crisis? >> well, as great britain came up and decided to tell the truth that no one else is willing to say and weve been saying on the show for years, you can only kick the can so far and by the way, if 50% of them taxes and 20% of people pay all the taxes, somebodys got to kick in more. now, we keep think its the 1%, but we know if you took all of the income of the 1%, and taxed it 100%, wed still be 5 trillion dollars in a deficit. so, guess what, everybodys got the pa...

To hire anybody. it doesnt make any sense, and what does the message send to the workers over there. they can show up late. they can do whatever they want to, not be productive and theyre not going to get fired. i think that gm ought to say, au revoir, were out of here. france isnt the only place they can build cars in europe anyway. this is a disasterous policy and european style socialism on steroids and trouble in the first place. >> and just like to raise a couple of things quickly, neil. ho...

Getting the french to kiss off over there, we are looking at more broken hearts over here? and to dagen mcdowell who no doubt broken many in her time. and gary, what do you think? >> there will be a definite effect. look, when you have socialist economic dictators over there telling companies what to do and how many employees to have, thats nothing, but trouble. what if the man dropped and dropping in europe and you dont need that certain amount of employees, thats going to directly affect your ...

Its going to make you miserable because you dont remember paying that rate. >> tax whatever you want to tax, make it easy for us to be able to file and not take weeks out of my business where i got to do the paperwork. >> but the issues, though, that you said, the word that you used, jonas was a healthy economy. gary b, is that where we are right now? can we sustain an end to these tax cuts? >> absolutely not! and for all the stimulus that the government has done and, you know, stefan mentioned ...

Decades through much higher tax rates that theyre about to get. theyre a big boom for everybody now. in the 50s and 60s, this country does very well through higher tax regimes and we can get by without 0% interest rates forever. america is a strong country. we have to get back to reality at some point. >> basically, gary b, hes saying that we are kind of becoming an entitlement culture. >> well, yeah. that just hit to jonas point. its what philosophy you have. if you think the government should ...

Nearly as much and, you know, college tuitions are up and people 25% of peoples homes are underwater. that is going to affect behavior. its just denial. >> and peoples houses are underwater and rent is going up. gary b, i know you go to safeway and you tell us when you go there, you can really shop well. youre a conscious, cost conscious shopper. >> just today, brenda, nancy and i took advantage of bogo, buy one, get one free. so yes, people do substitute, toby! if, you know, a hamburger is expe...

Like we had in the late 1990s. we dont have that now. >> toby? >> if we get back -- yeah, i mean, you have to -- you cant take all this stuff and just single piece. you have to take a macro look here and, you know, sort of the marginal shareholder is the person thats more confident to buy shares. the small businessperson who is more confident to buy inventory, etc., is -- is in a bubble. you push them a little too hard and they were tracked and we just dont have -- to gary bs point, we dont have...

Sudden, because, where were subsidizing and go and get higher taxes and the third part of the triple whammy, and it goes to the inefficient federal government or the inefficient state governments and all of the roads and bridges and stuff could and should be privatized and thats where you get innovation like the hot lane which no government could ever come up with, that one come up with private enterprise and the greenway, for crying out loud. and instead of giving this money to the country that...

Involvement, fed involvement, where is the growth? >> you tell me. >> and here, the crux of our question is, 120,000 jobs is not going to grow us out of this malaise. and nobody argues that, but to garys point. they were saying that, blah, blah and blah, all the bad stuff that the the administration has done for the last three years, dude, thats already priced in. weve gotten the-- >> somebody answer that phone! >> the second thing, we have another leg of maybe six months of this morras of peopl...