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Detailed text transcripts for TV channel - FOXNEWS - 20150530:15:09:00

something jonas said because i didn't frankly understand it. jonas was saying that people earning the money wouldn't pay it because they would hire other people to do the job? i didn't -- >> when you're taxed at 90% what you wind up doing is expensing as much as you can. you'll take a first class ticket instead of coach -- >> how could tom cruise avoid the 90%? is he going to hire me to be in "mission impossible 5"? i mean i would love that gig, believe me. >> he might use it for travel expenses at a higher level than he already is. he might have five assistants rather than three. people burn through it. >> i want a clarification. the other point i want to make jehmu, the country was not built on income equality. it was built by the rockefellers and the carnegies and the fords becoming filthy rich and thereby creating jobs for millions. >> okay. our next movie star gary b.

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Detailed text transcripts for TV channel - FOXNEWS - 20150530:15:00:00

Detailed text transcripts for TV channel - FOXNEWS - 20150530:15:00:00
vimarsana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vimarsana.com Daily Mail and Mail on Sunday newspapers.

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Detailed text transcripts for TV channel - FOXNEWS - 20150530:15:29:00

♪ every auto insurance policy has a number. but not every insurance company understands the life behind it. ♪ those who have served our nation have earned the very best service in return. ♪ usaa. we know what it means to serve. get an auto insurance quote and see why 92% of our members plan to stay for life. it is getting warmer because it's the summer. drink coke buy coke i like the stock, up 30% in a year. >> john your prediction. >> it looked like game stop was headed to the tar pits. game stop turned it around. the stock's up 20% in a year. >> jonas.

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Detailed text transcripts for TV channel - FOXNEWS - 20150523:14:17:00

inequality is so vast when it costs you $3,000 a month to have an apartment in new york. this is a big problem. where are you going to be able to find the income to support your family? we do have a tale of two cities in america. >> jonas? >> we have a tale of one price index. and i will say i was a good figure this week because the one from a few months ago was negative. if you look back it is not bad to have a little inflation. you don't want deflation. if it is such a great thing, move to europe where prices are going down all the time to cause chaos. you want prices to go up 1% to 2% a year on average. not go down or stay the same even though psychologically that seems like a sale. it's a sale on the way to a recession you don't want to have because you can't get out of it. we should be optimistic. it's getting better not worse. >> john last word? >> there are pockets of prosperity. while you look to the middle of the country that has plenty of jobs you look at parts that don't and we are seeing pressure on middle-income families around the country.

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Detailed text transcripts for TV channel - FOXNEWS - 20150523:14:29:00

predictions, gary b. what do you got? >> i like conagra up 20% by the end of the year. >> jonas, bull or bear. >> bear. >> john your prediction? >> rocking chairs and southern food. can't beat up. cracker barrel up 20%. >> bull or bear? >> bear. bet john has never eaten there! >> okay. jonas, your prediction? >> they are teaching dogs to use the ipad in the city. and ramon is getting ready to shop at overstock which is big on pets and has a donation on their site to donate to dogs like ramon. >> suzy what about happy? >> ramon may be shopping but happy is an intellectual type. here she's watching reruns of "bulls and bears" and does "the new york times" crossword puzzle

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Detailed text transcripts for TV channel - FOXNEWS - 20150523:14:05:00

when you can just get a union person? so john said it's a shell game and it makes the unions look good but i'm sure the lefeft will tell us exactly how business will be run in the future. >> okay. jonas, union membership has been plummeting. there's no question about this. do you think that they're basically trying too boost their membership here? >> they are trying to change their brand. like the public doesn't support most union workers. they are paid well, they already got a lot of benefits. people are mad states are going broke paying high pensions. the minimum wage worker actually most people fall by -- they believe there should be a higher minimum wage. we can debate the negatives in the economy, which there are in raising in but that's what the public supports. it is not for the pension union guy who gets to take long lunch breaks in the oil industry and cause problems in the industry. so they are jumping on this. they don't care about minimum wage workers. if there was a $50 minimum wage who would join the union and pay dues? you already got your $50 an hour. they are on it to make the brand

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Detailed text transcripts for TV channel - FOXNEWS - 20150509:14:07:00

as you pointed out, gary it's a non non-part non-partison group, saying we can lose hundreds of jobs. >> getting back to jonas' point, and then your point, brenda is that we still have unabashed faith in government like they're the wizard of oz. if they could somehow, there was super smart people back there that could pull a lever here and push a rod there, they could come up with a magical, perfect minimum wage that wouldn't raise unemployment. yet, it would make people happy out there. i mean it just is a fallacy. we've seen this with economists at the fed that try to common the economy. we've seen it with people in the treasury department. we've seen it all over. brenda objective economists say that study after study says when you raise the minimum wage past what i think jonas or john said the market clearing price,

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Detailed text transcripts for TV channel - FOXNEWS - 20150502:14:05:00

you can't say in one week when there's riots and also a gdp report of 0.2% that there are jobs for people. i would say let's talk about spending less money on regulation and more money on job creation and the education, put that cost on the businesses to create training for education so people can have jobs. riots happen when there's hopelessness and despair. >> jonas, is the federal government the one who should be spending money to create those jobs? >> look there's a lot of people i don't think are employable in the future of this economy the way it's going with the skill set that's needed which touches on some of gary's points. i'm not saying remove the poverty, because every city might look like the pictures if we had no war on poverty but we don't know what that future would look like if there was no lyndon johnson. lot of the money goes to punish bad behaviors in the areas. there is not a whole lot as reward mechanism. there's handouts for food and housing, most for the judicial system paying for prisons.

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Detailed text transcripts for TV channel - FOXNEWS - 20150502:14:01:00

>> but is more spending really the answer? hi everyone. i'm brenda butne, this is bulls and bears. gary b. smith, jonas, and john layfield along with suzie welch and david mercer. welcome to everybody. john we've spent trillions on the war on poverty. is more spending really the answer? >> no it's not. in fact we spentd almost $12 trillion on the war on poverty and guess what's happened, changed? nothing. the poverty rate has stayed basically the same. you see dropout of minorities 50% in inner cities in north america. this is just simply not working. we have evidence of decades to show this isn't working. i set up a program to work with jat risk kids in bermuda. this is my passion and what i spend most of my time on working

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Detailed text transcripts for TV channel - FOXNEWS - 20150502:14:06:00

the prison costs more than the crime they're going to make was going to net them. i think the government needs to shift the money around to create incentives that don't exist that could mean jobs that aren't really there like fdr type jobs to do work. rewards to stay in school to gary's point to not get pregnant get good grades stay out of jail. that would cost less to pay someone nut jail and the incentives aren't there for the people to not fall into these traps. >> john what do you think about that? >> i think that is a massive problem. look you got to break generational cycles here and the war on poverty has not done that. jonas talks about incarceration, generational problems with incarceration, with poverty, with gang membership. look you talk about income inequality and upper mobility and all the fancy buzzwords. they mean absolutely nothing. there's not income. 50% of those people in freddie gray's neighborhood were unemployed. there aren't any jobs.

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