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The bottom 50% pay less than 3%. we have the most progressive tax code of any large industrial countries around the world. it is factually incorrect. here's another point. you should be incentivized. you should get rewarded for your hard work and your investment and risk-taking. this is one of the things donald trump has done. he and the war on business. he stopped punishing success. he said to men and women, take a look, by your own company and start producing and creating jobs. that's the new face of the trump economy. jillian: a new gallup poll showing donald trump's approval rating on the ...

Their fair share of taxes, i will. >> bret: what do you say to people who say people need to pay more at the top of scale, this is what they are campaigning on. is that going to strike a chord? >> i'm putting socialism on trial. look at the facts and figures, the top 1% pays almost 40% of the income taxes, the top 10% pays about 70%. the bottom 50% pays less than 3%, we have the most progressive tax code of any of the large industrial countries around the world. it's factually completely incorrect. here's another point. you should be incentivized, you should get rewarded for your hard work and...

Doing is disgusting. it erodes the local tax base. it does hurt the communities in a lot of ways, and as i said, it's a race to the bottom. i do think that all of us should come together and try to stop that. there should be federal legislation to stop this race to the bottom. but having said that, i come from a community that needs jobs. needs work. we need higher wages. we need private sector investment. and so while you can be for a progressive tax code, which i'm for. you can be for trying to end the concentration of wealth that is devastating our economy and our middle class, which i'm fo...

Went after, you know, the very, very rich and started socking them at 70%? >> ultra high net worth individuals pay a lot, it is tax where they're paying a higher percent and second, there's so much waste in the government. and even those who pay the highest tax rate now get tired of the waste in government and your producer forgot the clip where she compared herself to abraham lincoln. she's just on another level altogether that i don't understand quite frankly. neil: but the idea, we need a much more progressive tax code, much more progressive than now. >> let's talk specifically about what s...

Economy in the 21st century. we have the convergence of so many elements happening right now. globalization, automation, artificial intelligence. >> right now i don't think either political party has gotten their hands around it. what i want the democratic party to be is a party that can set an agenda to deal with issues that drive up wages and help people be able to afford college and health care. i don't think we can be hostile to business. i think while we can be for a progressive tax code and increase in dividends and corporate -- other kind of business taxes, i think we need to simplify t...