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It doesn t actually crush the economy. but this business, about an exit tax, has that been tried before? i ve looked into that. and actually, there is currently an exit tax in america, but it s not that big and people aren t trying to flee the country, because we don t have a wealth tax. this is a really interesting question. and i ve tried looking into it a little bit more. in europe, they have wealth taxes in various countries and some of them have been repealed in recent years. and critics of the proposal, i think, understandably will say, well, that s a sign that this is really hard to make it work. the problem with that is that in europe, you have really free flow of movement. so people can migrate and move between countries very easily and escape the country with the highest wealth tax. the odds of americans being willing to renounce their citizenship, especially because this exit tax can be made retroactive, according to the economists i ve spoken to, is much, much lower, but ....
Up enforcement of the irs, a new audit that would sort of subject billionaires to have to respond to the irs and to be audited at regular intervals. and the third part of it is this exit tax you alluded to. if someone wanted to renounce their citizenship and say, i m leaving this country and taking my wealth with me, they would be subject to a 40% tax on their assets under warren s plan. and that, i think, from the economists i ve spoken to, is almost surely a very effective deterrent. you know, this is something, the 2 to 3% tax would not come close to rivaling a 40% exit tax. so it s really designed to prevent capital from fleeing the country. so we ve seen a pretty interesting idea. we ve seen high marginal tax rates, right? and frankly, a whole bunch of people other than howard schultz are not going to be up in arms on taxes on income above $10 million or $50 million or $1 billion. people do that. we ve done it before that in america. ....
Problems. instead of the little things, little tax here and little tax there, try to get rid of the exit tax. go to the fuel emerge as a big figure and france will rise again as a country that matters economically. david: there are people waiting in the wings waiting for macron to go down and a number are socialists to grow the government and raise taxes. in england, a socialist waiting in the wings in case theresa may, her government falls. do you think that europe is more likely to go left or right as the establishment begins to fall as looks what s happening in paris right now? it s not left or right, it s whether they go over a cliff. corbin the guy who heads the labor party in great britain. utter a disaster. macron goes down in france, utter disaster, who knows what s going to happen in germany. ....
Where the staff secretary, rob porter had an interim clearance after 13 months. he still had an interim clearance. chief of staff john kelly last week issued a five-page memo that put in new standards and tomorrow is the first deadline of this rolling deadline. it basically said that those with really high security clearances that are interim security clearances aren t going to be able to see the top level classified information, so all eyes on jared kushner, the president s son-in-law, who is one of those people. they ve been having a tug of war over what happens with the security clearance. and tomorrow is the deadline that general kelly set as those people aren t going to have those clearances anymore or they re not going to be able to see that information anymore. jill, these are public servants playing with house money in the people s house, all of it tax funded dealing with our secrets at the end of the day, that s a way of saying we haven t been told much about any of this. ....
Porter had an interim clearance after 13 months. chief of staff john kelly last week issued a five-page memo that put in new standards and tomorrow is the first deadline of this rolling deadline. it basically said that those with really high security clearances that are interim security clearances aren t going to be able to see the top level classified information, so all eyes on jared kushner, the president s son-in-law, who is one of those people. they ve been having a tug of war over what happens with the security clearance. and general kelly said tomorrow is the day they re not going to be able to see the information anymore. jill, these are public servants playing with house money in the people s house, all of it tax funded dealing with our secrets at the end of the day, that s a way of saying we haven t been told much about any of this. the white house has been very unwilling to share information about how many people don t have ....