investment hasn't come back. instead the estate tax has been exemption has doubled. steve .2% of americans pay estate taxes .2. it's not the one%. >> i think fareed sometimes you're ut up in process. you are seeing the animal spirit reinvestment in the country. one of the reasons we have 3 growth at the fourth quarter 2.2% but the projection is for the 3%. was it a perfect tax cut and perfect populist tax cut? the answer is no. but it's starting to rejuvenate the american kpee and gives us an engine to drive the .. the answer yes. you'll see president trump later in his first term and second term start to address some maybe the inequalitities in the tax code which should have been addressed in the ryan bill. but that blew up early on in the administration. >> so then the other part. >> by the way, one thing about the elites, here is the thing.