Transcripts For FBC Bulls Bears 20240713 : vimarsana.com

FBC Bulls Bears July 13, 2024

Not, i believe i am only candidate who the say to corporate elite, enough with your greed and your corruption. David gary, is demonizing capitalism going to resonate with voters. It has worked so well in caracas so lets do it here. If Elizabeth Warren is a capitalist, im the point guard for the knicks, we then get Bernie Sanders calling himself a democratic socialist, but there nothing democratic about being socialist this is all aother a, authoritarian, this is amazing to watch, we have a system brought provepity poverty in ri, people who started at walmart at Cash Register are now managers making a hundred thousand a year, these people they just hate wealth and success, they spend their days putting it down as corrupt. It their biggest enemy, it willl not sell, trump has to be laughing. I agree america is built on capitalism but it seems to resonate there is a major divide with wealth and inequality, polls have showed over past several decade, you pitch taxing wealth thats resonates well, a gallup poll in april 62 of people say upper income individuals pay too little in taxes, sander website he released more details, this could be a big hit for corporate america, he tops increase Corporate Tax rate to 45 35 and call large scale stock buybacks to be treated like stock manipulation. I think sanders would be more of concern, and warren more of a capitalist. David sanders is separating himself from warren and everyone else with taxes. Economists out of university of california say under his plannism billionaires would pay tax rate up to 97. 5 . Tax rate includes income tax, but socalled wealth tax that widdles away the family fortune by sco confiscating a percent of asset of which taxes have already been paid, were bring in our guest morris, do you support these. I support billionaires having a wealth tax like middle tax americans. Had wealth taxes for years. David it billion and million airs. We think that being rich is great, were capitalists, we could that everyone should be rich and be a millionaire, but we think they should pay taxes at same rate as americans do. Morris, we have talked many times over the years, i call them hypocritical millionaires, on bottom of tax form, you can pay more taxes if you want to, virtually, none of your members have done that, if that i want to pay more taxes, why do they not just do it . Steve, not that i personally want to pay more taxes, a dont like paying taxes more than anyone else does, maybe more than you. But i believe we all have to pay our fair share, we need a system where everyone contributes not where it is voltaire. We have a military system, where people patriotic americans, they vo voluntarily n up for military, if the people want to be patriotic, why do they not pay more taxes. The point of pays taxes so we have a system where those people more able to pay, pay more, if we had a system where everyone paid voluntarily that would not work. We would pay for someone to put on metropolitan use museum of art but not for the sewer systems and schools. We spend plenty of money on patriotic activities and charities, just like you. But we believe we need a fair tax system in the country, we cant have a system do you want to get in. I dont know what is fair about taking money that people earned and redistributing to there arother people, you are ag more Government Force taxation, is the way that some taxes are spent under republican and democratic dan administration ds that not concern you a little bit. The more we tax . What were concerned about is fact that some of the richest people have lower tax rates than regular working americans, that is not fair, we think we need money in hands of working americans who will spend it. Not billionaires who will just make their portfolios that much larger. David morris, the 15 european nations that tried to out, and dumped it, capital moves when you over tax or when capital feel its being over tacked, when benefits dont out weigh the aim of money to way pay they just leave, we have seen i here and n 15 european nations. A huge number of our wealthiest americans, did not ever pay tax on that money, they inherited money from their parents, people sam walton. Or the mars family that built huge fortunes, never paid taxes. Because it all been unrealized capital gains. David but when kee wealth tax d in 15 european nations it failed, capital moved out, they made less money, will it not fail here as well. No, i dont believe that people of move out of most vibrant, successful country in the world because of that. Morris morris. Deduction changes, you see this migration of wealth people leaving the cities, moving to florida where gary used to be. The people who move based on taxes, they moved out of new york, generations ago. We have like one anchor in our network who remains nameless, who purposely left, now lives in a big home outside of the city. That is probably appropriate for fox anchors. Woe. Woe. Hey, woe. How many people do you represent, you are called patriarch millionaire how many people are part of your group. A few hundred. They make a million. Half a million. Go ahead. Morris, i want to ask about other side of trade, you are asking for people to pea to payn taxes to a government that is 22. 5 trillion in debt, a government that told us 800 billion dollar stimulus would go to infrastructure, they did not do it to possibly a Bernie Sanders or Elizabeth Warren to allocate that capital when there is nothing in their resume that shows they will be a to allocate to correctly, you came from black loc lock that would never allocate money unknowingly why would you want to give more money to a entity that is very inefficient and ineffective. Were advocates changes tax system in the country so rich pay more instead of poor, opposite of 2017 tax cut bail, that put more money to rich people who dont spend it did bt get richer and richer. David they dont spend it they invest it, what is wrong with investing . Nothing, but we think investors should pay same tax rate, not have lower tax rates than people who work for a living. Why not propose closing loopholes instead. We proposed that too. David close loopholes, get a flat tax, morris, thank you very much. I dont mean to put words in your mouth, trump announcing. That new plans to punish turkey as the country continues its attack on the kurds in syria, were on ground in syria for the latest. Well can Heritage Foundation National Security expert, if President Trumps proposals will be enough, next. With sofi, get your credit cards right by consolidating your Credit Card Debt into one monthly payment. And get your Interest Rate right. So you can save big. Get a nofee personal loan up to 100k. Dimitris on it. Eating right and getting those steps in . On it dimitri thinks hes doing all he can to manage his type 2 diabetes and heart disease, but is his treatment doing enough to lower his heart risk . [sfx glasses clanking. ] sorry. Maybe not. Jardiance can reduce the risk of cardiovascular death for adults who also have known heart disease. 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Did not green light this operation, the turks have been wants to do this for years, u. S. Said dont do it, u. S. Said you will be held accountable. Then i think that u. S. Has to take a stand. The way that turks feel it most acutely, the biggest arrow in our quiver is the sanctions. James, steve moore, im a libertarian with foreign policy, i do agree with a lot of trumpers who say, we should not be worlds police. On the other hand, we want to fight the war on terrorism and win it. How would someone help someone like myself understand what right course of action is in syria atthispoint. To be clear. The u. S. Has a couple hundred soldiers there, they were not going to stop the turkish incursion. Did is unrealistic to think that u. S. Will get in middle of the shooting that makes no sense. You go to our interests, we dont want a caliphate, president took the caliphate down. We dont want to a platform for attacking iran, we dont want masses of refugees spilling out. We have stopped that. So i think that question for president how dow deal one with turkish incursion, which destabilizing, you have a very limit the force, limited capability, what is boast best t laying of that, and ou utilig of that, so that is a lot to weigh in on, i think weve been unfair of cutting and running the president , i think he is trying to figure out. I think jjust as things develop is right. I think that sanction are strong. I think we should focus on the Mission Rather than talk about jim, were focusing on the issue, you had obama and trump express their urge to withdraw from the region. The president has done, i feel like were getting mixed messages. With hard, softball with iran, and leaving afghanistan and not leaving afghanistan, now essentially abandoning th the kurds, i am confused with mixed messages with from the middle east. Nobody is a fan of isis. The ypg partnered with us because isis of killing them. No one likes isis. People may be squawk eling with each other no one has an interest in seeing the caliphate come back, and u. S. Stills that forces there, and we have ct operation in region that is a mission we can continue to do. Good afternoon, president announced increase tariffs on import of turkish steel. Has not have an impact in terms of tariffs on chinese, do you think that latest announcement would do anything to dissuade what turkey is doing in middle east right now. No, i dont, people say that president green lighted this, you have to realize, to do an incursion like that, this is thousands of soldiers, long preparation, not like the president said, go ahead, and turks said, lets invade tomorrow, they have been planning this for a long time, they crossed a rubicon this is a chancey operation for them, i think they are committed, erdogan has defied us before, i think he will again, we cant stand by if he is doing things that makes syria worse than say fine. David quickly, you say nobody supports isis. Done turkey didnt turkey empower isis, we know erdogans son was involved in selling isis soil, if turkey is in control of that area, they may empower isis. I think that is unlikely, turks are interested in driving out the pkk, and create a space for Syrian Refugees to go home, they are interested in a lot of things, but establishing a platform for isis too rebuild their caliphate, as islamist as this government and i dont think they are interested in that either. David you this very much. We have reestablished contact with Steve Harrigan, sh he there now with latest. Reporter what good afternoon as military operation what began as military operation, what you evolved to something bigger more dangerous, a war between turkey a nato member and syria, a country backed by russia. Kurdish officials wasted little time in finding a new partner after withdrawal of u. S. Forces, they describe as a stab in the back. Syrian Government Troops under assad reached front lines within hours of deal, welcome sight to many kurds on ground. Thank god for the return of the army, of the syrian arab army. Reporter fighting is brutal, ar aral militia backed by turkey accused of atrocities, pulling a female political leader from her car and shooting her in the he head. Dozens of civilian on both sides of border have been killed by mortar shells exploiting into homes, there is a rage here amongst civilian that no one is doing anything to save them had. Several World Leaders have warn that conflict could lead t to resurgences of an Islamic State in the region had. Family members in syria, over past three days, two mass escapes have been attempted. More than 130,000 people are now on the move. Trying to get away from fighting. That number has grown each day. David. David all right Steve Harrigan thank you very much. New concerns as chinas warning to keep the champagne on ice. 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But should we be optimistic that Real Progress has been made. Im not. I dont think it is phase one, i think it phase 14, weve been talking about it for 16 or 18 months now. I really do think were almost at the beginning again. Some of the words that come out of mnuchins mouth and president s mouth are the same words we heard 6 months, 9 months, 12 months ago, i believe china is not giving in so easily to some big stuff. That the president thinks they will give in to. I am not thrilled. We come back from the weekend, we hear china already changes their stance. Yeah that is it. Friday president tweeted it of the greatest biggest deal in history then you know monday it is well, china is not actually on board yet. It is yet another bailout for farmers, farmer bailout 3. 0, no difference on any of the main issues that put s that put front and center, have you trillions of dollars that are waiting on sideline to figure out what the president wants in a trade deal. You are right to be somewhat skeptical. But i think one thing has changed that chinas economy has been hammered, they are headed to a recession if trump does not back down. When that gets beijing to agree and stick to them, i dont know for sure. Any movement on that steve, have you seen any movement from beijing over the last year and a half. Well, they look, what happens they had a handshake deal. On friday. Then look, you are right this would not be first time that they retreat, and go back to their word, but i think so much in both countrys interest to get at least phase one done, you are right, johnathon, it is a great deal for america . No.

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