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Generally loves big government. so you think it would start to sink in when even those people say that. >> i have been on his show a number of times. i sent him a copy of my book as well said join me, bill, we would love to have you in tennessee. >> will smith says he supports higher taxes but when he was being interviewed in france and learned about their proposed 75 percent tax rate his resaction was telling. (speaking french) >> 75, that's different. that's different. 75. well, you know, god bless america. (laughter) >> we can laugh about celebrities but let's go back to the basic question ...

Do want to pay my fair share, so what's that? what is fair? i now give most of my income to the government. poor people pay the smaller percent and lots of people say that is fair. i see their point. but texas congressman lewey gomer says it's not fair and america needs a flat tax. meaning congressmen what? >> it means when people hear the word fair share or fair, it ought to be flat tax. the only way to truly make things fair so if you are making more you pay more. you make less you pay less. make it a flat tax. the word fair ought to bring to mind the flat tax. he talked repeatedly about war...

If you are making more than a million bucks you pay at least 30 percent in taxes. it seems reasonable that those of us with more should pay more. >> we should pay more. if you make 10 times as much as i do john i think it's perfectly right that you would pay 10 times as much taxes as i do. that to me seems perfectly obviously fair. when you look at warren buffet what really is unfair is he paid about six 100ths of one percent of taxes. that's not fair. that doesn't even include his not paying capital gains because he owns brookshire hathaway. he's also got an insurance company which we all kno...

of the turmoil on wall street has been triggered by fears over the european debt crisis and the anemic economies. and richard quest, one of the best people to turn to when we want perspective on the global economy. he joins us from london. what happened in the european markets today? >> reporter: the europeans went down initially and then down further and they rallied with wall street. we closed down 1% in london, and paris 1%, and frankfurt, once again the german market is being creamed by what is happening at the moment, by far and away being breutally attacked. and the german indu...

>> saying you are only going to goat for the debt ceiling if something happens on deficit reduction is like playing russian roulette with a fully loaded revolver. >> the game of 6 is trying to come up with their own plan of the crushing national debt. tom koprin says while he thinks it's possible not democrats or republicans are going to like what's in it. >> what should be in it? juan williams and steven moore. there should be an end to the busheir raw tax cuts. folks making more than a million a year? >> doo doo i don't think so. i think the tax cuts have to stay in place. i don't think the ...