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Pass, if it does, paul, i think it could be the end of california as an economic dynamo, truly, the small businesses and the wealth producers of that state will move out if they put in place a 13% income tax. >> you know-- go ahead. >> california should look at what happened here in illinois. in 2011, little noi raised corporate taxes, raised income taxes, guess what? in the next two months, unemployment surged and businesses tried to flee the state. a real mess. >> paul: and choice seems to be ...

Pass this. i do not think its going to pass, if it does, paul, i think it could be the end of california as an economic dynamo, truly, the small businesses and the wealth producers of that state will move out if they put in place a 13% income tax. >> you know-- go ahead. >> california should look at what happened here in illinois. in 2011, little noi raised corporate taxes, raised income taxes, guess what? in the next two months, unemployment surged and businesses tried to flee the state. a real...

It is a stretch. no matter what the president said back then when a state senator is it a stretch to try to, you know, create some equivalency here. >> it might be. also and the thing is, i think we all know what romney was trying to say and hes acknowledged it was -- he stated his thoughts inelegantly. if you read obamas comments, i dont actually think theyre that much different than what he stands for today. he would never use the word redistribution but he did even at the time in context say ...

Its a way that the east germans raised money. row deeshia and south africa didnt want their wealth producers to leave their countries so they had onerous exit taxes. this is not a new idea. >> so youre saying effectively youre not really trying to recall the specter of nazi germany policies in making a statement like that? >> no, we could go with the row deeshians, thats a pretty good example. >> i want to follow this line of thought which is to say the depart it your of the moderates, the club ...

Control capital, have seen their income going down because they sell their labor. as they sell labor, theyre competing with the workers in china or vietnam or brazil, right? isnt that true? >> the moment i now bring my argument, youre going to run the socialist flag up the -- >> oh no. >> of course its true, but then for instance, you raise the taxes on the richest part of the population. thats whats happened in the uk. where theres a 50% tax on people earning more than 150,000 pounds a year. yo...

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