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Course, you must not tax anyone more than we're taxing them and if you tax these rich executives more, they'll just work less. it will be a disincentive to work if we tax them at the highest level. there's bill gates, no one who's worked higher than him who's saying there's much more room to tax us at the highest end. >> there certainly is. think about football players. in many cases, there are caps on their salaries and that doesn't stop them from trying to win. >> this is not just your opinion from observing the world. you've actually looked at salary caps on professional athletic teams in t...

And the republican aurmrgument of course, you must not tax anyone more than we're taxing them. and if you tax these rich executives more, they'll just work less. it'll be a disincentive to work if we tax them at the highest level. bill gates saying, no, no, no, there's much more room to tax us at the highest end. >> there certainly is. and if we taxed the rich more, think about football players. in many cases, there are caps on their salaries. and that doesn't stop them from trying to win. >> yeah. the -- you compare -- and that's what's so fascinating about this. this is not just your -- your...

That news report. teams in the united states versus europe, where there are no salary caps. and that may have been just been and you don't see any effort that he was surprised. how does it affect you when you difference in the salary capped hear testimony like this? players versus the players who >> this is astounding if you think about it. don't have any salary caps at the president is protecting all? >> of course not because winning russia, it appears to be the is everything. case, at the expense of an ally, and it's the same thing among ceos. all they want is to be richer ukraine. and he's ...

From observing the world. you'll actually looked at salary caps on professional athletic teams in the united states versus europe where there are no salary caps, and you don't see any effort difference in the salary capped players versus the players that don't have any salary caps at all. >> no, of course not because winning is everything. and it's the same thing amongst ceos. all they want to do is be richer than their friend ceos. the level doesn't matter, what matters is the rank. >> this incentive issue is what you're finding throughout your research. incentives in classic economical theor...