while the guys who went through about
the of support on defy wall street
was a guy who's used to uh... activism
same as michael moore
and he came with it
serious populus message
now remember as you're watching this
that big or not a lot of megaphone by the police is all well you know this
rule in that role we will give you a megaphone or ledger have what
they said all right we got in
ever way to solve that
we will use the power of the people so every time a speaker speaks
the people around him repeated so that everybody came here
in the process of
coming up with your demands
if you will only get tuesday night at my home
home defense
the
now
handy
freehold
handbag
the
ho
p_r_i_ love about that
that he was unabashedly populous
base in luck
i'm not going to miss the words
he didn't come there's a
democrat
he said
well we got the attacks
they're rich organic you didn't hear me steiner an argument a little published
calling
big on class warfare all they like
the great should be getting richer and they paid less and less taxes
or last thirty years a paid far less taxes
its time that tax the rich something is leading the race whether michael moore
is rich
it's because you need some degree of justice
suppose so that people pay their fair share
i love that he spoke strongly and clearly on that
and he was going to a c_n_n_ debate but he made sure to stop by here
to rally the troops because
as he says he's proud of them and they start small but they get bigger and
uh... and and their press if there is is what makes all the difference
let me if you use that they would uh... michael moore saw him and we've been
talking about here are first of all that
republicans like all roca bouncing all the top one percent already paying too
much taxes they're already paying thirty nine
percent of all the taxes
that is totally misleading first of all it's thirty eight percent second of all
the although refer to federal income taxes
now why did they knew that trick
because
federal income taxes only forty four percent of the tax revenue of the whole
country
forty two percent of the revenue comes from payroll taxes
and payroll taxes are not progressive where you pay more if you're richer
their regressive where you pay more aid room floor
now let me explain why that is
because first of all payroll taxes not apply to capital gains
so do you make most of your money in investments
because you already have money may put it into the stock market so you get more
money back
villagers fifteen percent i think they know you can apply payroll tax four
and it's a little payroll taxes capital hogan six thousand dollars
for people that are in the long brackets they pale much higher percentage of
their income to payroll tax which is forty two percent of the taxes but the
government collects back all road never tells you that foxnews never tells you
that
and second of all their state taxes estate taxes are also regressive
staying local taxes in two thousand seven as an example
were above
lowest twenty percent of the income brackets paid the eleven percent of
their income
the highest bracket paid only five percent of their income
so to huge area of taxes
you actually paid less
if you're rich
which is crazy
but that's why they don't want you didn't know about that like aw shucks
was just sort of other income tax
and of course in reality and uh... rich have been paying less and less taxes
through all this time so of for example if value in the top one percent of uh...
taxpayers since nineteen seventy nine
let me show you chart your effective tax rate
has gone from thirty seven percent
two thirty one point two percent it has gone down from saturday night in two
thousand six
meanwhile let's have a near share banco
well that's gone dramatically up
from nine point nine person point six percent of the income for the country so
the top one percent was being about ten percent of the money for the country
okay that's a ratio that make sense there's a register their ten times as
much
it's gonna all the way out
the twenty two point eight two percent
of incompetence of more than double so they're making so much more
or as a percentage
and they're paying less taxes as a present
and that's what they don't want you know
that's why michael moore says
tax the rich
tax the rich it's not enough is not because
we wanted there already at a high rate and we just demand more and more
it's because they're not paying their fair share
he's the only actor to go from like a legitimate act
in too depending upon
with gus two
great big bucks for the mainstream with million barrels referendum won't happen