Who's Wealth Will Get "Clawed Back" First?
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Thanks so much for bringing that reporting and bringing those photos. chris, i appreciate it. coming up for us, raising taxes on the rich. it sounds like a plan that democrats would propose or have several times. so why is one of the president's top advisers reportedly backing that, suggesting that, quietly pushing that plan, according to some to make the wealthiest pay for tax reform. president trump calls his twitter use modern day presidential. his advisers say there is nothing threatening about it. americans say we need more civility in washington. add it all up, we'll try to figure it...
And here's the kicker. to the end, wealth may bare is proportionate share of the burdens of the federal government. >> a long lineage. >> one of the arguments that gets made about the buffet rule. the president has made this promise he's not going to raise taxes on anyone making below $250,000. and so the focus is on the equity standpoint. i think it's indefensible gap between what the wealthiest pay. but that's not really where the money is in terms of raising revenue more broadly. are democrats going to have to articulate for raising taxes on the top 20%?
Bill. once it does, then the question is, how the white house will handle it? will the president veto or will he hold his nose and sign it, jenna? jenna: we'll see. that is first chapter stage of that, going through each chapter before that is done. let's move onto this payroll tax cut extension. we know at the end of the year if the, tension doesn't happen taxes go up for everyone getting a paycheck, mike. seems democrats and republicans are both on board but there seems a real question how to extend the tax cut. what are both sides saying? >> reporter: heading to election year, christmastime...