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Will rise with them. and that's been the distinction ever since. he was talking about leaking through. that's the sort of this term we now use of trickle down economics. which we've had a couple of trump advisers come out and say recently yes, i believe in trickle down economics. well, trickle down economics has never worked. and in the 1920s, is a perfect example of that. the idea in the 1920s is the least government you can possibly have, the least regulation you can have, massive tax cuts. there were three different tax cuts in the 1920s. republicans were in charge of the government entirel...

Ever since. he was talking about leaking throa. that's the sort of this term we now use of trickle down economics. which we've had a couple of trump advisers come out and say recently yes, i believe in trickle down economics. well, trickle down economics has never worked. and in the 1920s, is a perfect example of that. the idea in the 1920s is the least government you can possibly have, the least regulation you can have, massive tax cuts. there were three different tax cuts in the 1920s. republicans were in charge of the government entirely during that decade as they are at the moment, and the...

Permanent. we're ham strung by some of the reconciliation rules there so they're looking for new revenue to make certain that happens. i'm in favor of making all of them permanent. >> you wouldn't vote for something that just makes the corporate cuts permanent -- >> i'll reserve my vote when we see the final vote out of conference. this is a wholistic approach, a big deal. the last time -- take a look at when we've cut taxes in the past in the 1920s with andrew melon, the economy took off in the 20s, jfk, 1960s the economy took off. balanced the budget in 69. regan, the economy took off, we ba...

>> not at all, after all, they elected a billionaire donald trump they love him. there is two kinds of americans in some ways, the superrich and everybody else. donald trump tends to hang around with a lot of wealthy people. but i think part of trump's message is that people that make a billion dollars understand how america works. he constantly on the campaign trail said i'm going to get the best people to do negotiations and i know who the right financial wizards are so i think he can get away with doing that and in american history we've had a lot of wealthy people in cabinet posts, andrew ...

Between the numbers you flashed and how well equities have been doing, extraordinarily well the past five years, stocks are up 150%. >> sometimes this is a sign of a bull market. >> right, but it's not -- it's not like their wages are going up, the stock grants are going up because stock prices are going up. ceos are increasingly compensated not based on is this a good place to work or sustainable business, but compensated does their share price go up. that's a real long-term issue in the united states. it was not true 100 years ago. there are a lot of captains of industry, andrew melon, they ...