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>> shepard: the city would probably dry up and die if they didn't have a cigarette tax. one block from this building, less than a block, cigarettes are 16.57 a pack. that's a lot of taxes. >> that's exactly right. and -- that's appropriate. >> shepard: i wasn't saying it was inappropriate or appropriate, but they make a lot of money. >> people should have the right to smoke and should not take away the store oregon0s right to -- >> they can sell advertise it. they just can't show she actual cigarette. >> isn't the real thing that mayor bloomberg is establishing himself a legacy so years from n...

>> absolutely. something called the free market. who thought that could raise people's wages. a lot of people start at the minimum wage and then work their way up. >> absolutely. the ones that don't have the knowledge need it. interns. they want the knowledge is the information. the information is the wealth. that is how you make it. >> john: so you build a business you create jobs and you have 28 employees now. half the employees earn about $18 an hour. the average hourly wage in america is $16.57 well above minimum wage. the market sets it for 95% of the workers. what is wrong with having a ...

>> absolutely. something called the free market. who thought that could raise people's wages. a lot of people start at the minimum wage and then work their way up. >> absolutely. the ones that don't have the knowledge need it. interns. they want the knowledge is the information. the information is the wealth. that is how you make it. >> john: so you build a business you create jobs and you have 28 employees now. half the employees earn about $18 an hour. the average hourly wage in america is $16.57 well above minimum wage. the market sets it for 95% of the workers. what is wrong with having a ...

>> absolutely. >> who thought that could raise people's wages? people work their way up. >> absolutely. the ones that don't have the knowledge already need it. interns. they want the knowledge. if the knowledge is the information, the information is theth wealth. that's how you make it. >> so you build a business. you started off with three employees. you created jobs and you have 38. top employees make about $18 an hour. the average is $16.57 an hour, way above minimum wage. the market setsor it for 95% of the workers. whatwh is wrong with having a law to put a bottom on it. >> you don't want...

>> absolutely. something called the free market. who thought that could raise people's wages. a lot of people start at the minimum wage and then work their way up. >> absolutely. the ones that don't have the knowledge need it. interns. they want the knowledge is the information. the information is the wealth. that is how you make it. >> john: so you build a business you create jobs and you have 28 employees now. half the employees earn about $18 an hour. the average hourly wage in america is $16.57 well above minimum wage. the market sets it for 95% of the workers. what is wrong with having a ...