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>> i believe it's a fundamentally view and perspective. when you look at average americans -- i'm happy for you charles, i really am. average americans, 500 americans go bankrupt every year for medical expenses, people without social security they would be indigent, they would be in the poor house and not literally live and retire in a comfortable fashion, so what i want to try to get around here is the idea that we can take care of each other in a society. >> that is why we already have a very progressive and more progressive income tax system to pay for health care, but to the public that is more -- that's different than even more progressive -- charles: real argument against that if you get into the position, a place like that you become europe where you have no growth so you're always stuck there, there's no opportunity, real opportunity for economic growth so guess what, i can pay my own medical

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Detailed text transcripts for TV channel - MSNBC - 20120709:18:11:00

system. the progressive income tax system that's at play. >> chip, at the heart of this, certainly this notion of class warfare can be discussed, but the bottom line question, did the bush era tax cuts work over those 11 years? do you dispute somehow that you see something we did not see, that we had great growth and prosperity across the board? did we see that? >> we had a lot of problems throughout the last ten years. >> is the answer to my question, no? is the answer, no, chip? did they work? >> i think they worked, period. i think lower taxes are always better for this economy, no question. >> just not in the last 11 years it didn't work out so well. >> i would say it helped in the last 11 years. lower taxes is better for the economy. higher taxes is not the answer to grow the economy. it's just not true. >> except that it did in the clinton administration. >> which i think speaks to the -- this is the core of the argument here and i think this is the point that many have made regarding whether you start at 250,000 or whether it's a million, the bottom line, republicans do not believe in

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Detailed text transcripts for TV channel - MSNBC - 20120508:20:57:00

the top 1% of income earners pay 38% of income taxes, while the bottom 50% pay a mere 3% of income taxes. so trying to make the top 1% pay more income taxes is just wrong, they said. i don't dispute the heritage foundation's figures, and believe me, some of my best friends are conservatives. i just wish those guys would give you the whole truth. you see, income taxes with only a part of federal revenues. about 42%, to be precise. and yes, because we have a progressive income tax system in which the more you earn, the higher rate you pay, people who make the most income pay the most income taxes. but don't stop there. income taxes are just part of what funds the government. what about the rest of federal revenues? it just so happens that payroll taxes generate about the same revenue for uncle sam as income

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