IDEA WHERE TO PUT MY MONEY OTHER
THAN IN THE S&P INDEX.
AND MICROSOFT OF COURSE.
>> FACEBOOK, MARK ZUCKERBERG ON
CAPITOL HILL SEEMS INCREDIBLE
AND PRIVACY ISSUES.
DO YOU THINK IT LONG OVERDUE FOR
THAT COMPANY, FOR ME INDUSTRY IN
THE AGGREGATE?
>> WELL, THE THING I LEARNED
FROM OUR ISSUES WITH THE
GOVERNMENT ON ANTITRUST AS IT IS
FAR BETTER TO HAVE A STABLE
ENVIRONMENT WITH WHICH TO INVEST
IN THE NOTION IT BECOMES CLEARER
AND CLEARER FOR THE MODERN
INTERNET COMPANIES TO WONDERS
AND HOW THEY WILL THINK ABOUT
AND REGULATE POLICY WOULD BE
LIBERATING IN A SENSE AS LONG AS
THEY DON'T OVERDUE REGULATION OR
PRIVATE INDUSTRY DOESN'T UNDER
DO THE RESPONSE.
NEIL: YOU'VE BEEN ON CAPITOL
HILL, THE GUYS QUESTIONING YOU
WERE?
>> I NEVER HAD SUCH AN
INTERVIEW.
LOCATED THOSE INTERVIEWS.
THE PEOPLE I'VE MET ARE SMART,
EARNEST PEOPLE TRIED TO DO THEIR
BEST WORK.
IF YOU'RE A LEGISLATOR, YOU'RE
POUNDED AWAY BY SO MANY THINGS.
>> I GOT A SENSE THAT A LOT OF
THEM WERE NOT UP ON THIS.
BY THE WAY, AND THAT'S THE
PRODUCT OF AGE IN WHERE YOU COME
FROM.
I UNDERSTAND NOT.
IT DOESN'T SEEM A LOT OF THEM
KNEW WHAT FACEBOOK WAS ABOUT OR
FOR THAT MATTER WHAT SOCIAL
MEDIA WAS ABOUT IN THESE PEOPLE
WILL CONTROL THE REGULATING
COMPANIES LIKE FACEBOOK DOWN THE
ROAD.
IS THAT TROUBLE YOU?
>> WHAT WILL HAPPEN AS EXPERTS
IN THIS STAFF IN SOME
LEGISLATORS THAT WILL BE SMART
ABOUT THAT.
IF THERE WAS ONE THING I WISHED
OUR LEGISLATORS COULD UNDERSTAND
IT THE OVERALL FACE OF OUR
GOVERNMENT.
THAT'S WHY WE PUT UP A LIQUOR IN
YOUR REPORT.
WE HAVE A SHAREHOLDER CALL
TOMORROW FOR ALL CITIZENS WHO
ARE SHAREHOLDERS IN AMERICA I'D
WWW.U.S.A. FAQS.ORG GOOD
10:00 PACIFIC, 1:00.
I WISH OUR LEGISLATORS WOULD
HEAR HOW IMPORTANT IT IS, TO
LOOK AT THE DATA AND LET A FEW
LEGISLATORS REALLY GET EXPERT ON
THINGS LIKE THE TECH INDUSTRY
AND PRIVACY ET CETERA.
NEIL: I THINK THEY ARE A LOT
THAN THEY LET ON.
THEY KNOWS EXACTLY WHAT HAPPENED
AND THEY DON'T NEED TO SEE ALL
YOUR CHARTS AND EASY TO LOOK AT
PRESENTATION OF WHAT'S HAPPENING
WITH OUR MONEY.
THEY KNOW IT ALL TOO WELL.
VERY FEW ARE BRAVE ENOUGH TO
STAND UP AND SAY WE'VE GOT TO DO
SOMETHING OR HOLD HANDS AND THEY
WON'T DO THAT.
SO WHAT WE'LL DO THAT?
>> WELL, THERE ARE TWO THINGS.
I'M A LOT MORE SKEPTICAL THAN
YOU ARE THAT THEY REALLY KNOW
THE SITUATION.
A LOT MORE SKEPTICAL.
I LISTEN TO THIS RHETORIC.
BLAH, BLAH.
PEOPLE PICK NUMBERS OUT OF
NOWHERE.
I'M GOING TO PUSH BACK ON THAT.
I AGREE EVEN IF PEOPLE KNOW THE
NUMBERS, THERE'S NO KURDS.
NOBODY WANTS TO SACRIFICE
ANYTHING IN THE SHORT TERM SO WE
DON'T HAVE THESE HUGE DEBT AND
DEFICITS FOR CHILDREN.
THAT DRIVES ME CRAZY.
WE HAVE TO BALANCE THE DEPTH OF
OUR KIDS AGAINST THE STYLE OF
LIVING WE HAVE TODAY.
NEIL: WHEN YOU WERE LAST TIME
YOU SAID SOMETHING TO THE POINT
I AM OPEN TO PAYING MORE TAX.
APPARENTLY QUITE A FEW PEOPLE
WHO WOULD BE IN THAT BRACKET,
NOT THE BILLIONAIRE BRACKET, BUT
SAYING, WHO IS HE TO GLADLY TAKE
A BOW AND PAY MORE IN TAXES AND
I DON'T HAVE NEARLY AS WELL, BE
STICKING ME WITH THAT.
THAT IS NOT FAIR.
THAT'S RIGHT.
HIS EASY ANSWER SEEMS TO BE
RAISED TAXES.
YOU SAY WHAT?
>> I DIDN'T SAY WHAT GOVERNMENT
SHOULD DO.
I SAID I WOULD BE OKAY.
THAT'S WHY WE HAVE A DEMOCRATIC
ROSS AND PUBLISH NUMBERS.
NEIL: I UNDERSTAND THEY SAY OF
COURSE YOU'D BE OKAY BECAUSE YOU
WOULDN'T MISS IT.
>> AND I'M GOING TO.
I WILL PAY ESTATE TAXES.
WHEN I DIE A BIG ESTATE TAX BILL
WILL BE PAID.
FOR SOMEONE A LUCKY AND
FORTUNATE AS I HAVE, I'M WILLING
TO DO MORE.
I'M NOT SAYING THAT'S WHAT
SOCIETY SHOULD DECIDE.
DEMOCRACY SHOULD FIGURE IT OUT.
WITH AN EYE FOR THE LONG-TERM
AND THERE'S TOO MUCH PEOPLE HAVE
TODAY AS OPPOSED TO THE
GOVERNMENT THAT, WHICH IS
THAT'S ONE THING I AM HIGHLY
OPINIONATED.
NEIL: KEEP SAYING FOR CHILDREN
BUT THAT REALLY DOES DEPEND ON
ANY GIVEN DAY WHETHER YOU LIKE
YOUR CHILDREN.
I DO KNOW WHERE YOU'RE GOING
WITH THAT.
LET ME GET A SENSE, WE ARE IN
THE MIDDLE OF EARNINGS SEASON
HERE.
NETFLIX IS COMING OUT "AFTER THE
BELL."
THAT'S OUR OWN PHENOMENON, MUCH
LIKE AMAZON THAT CAPTURED THE
PUBLIC'S ATTENTION.
DO YOU EVER WORRIED ISSUES LIKE
THAT ARE PRICED FOR PERFECTION
OR WE ARE REVISITING THE GO-GO
INTERNET DAYS.
ON ANY LEVEL DOES THAT STRIKE
YOU AS EVEN IF YOU JUST INVEST
IN KNOWS HE'LL BE ALL RIGHT.
WOULD YOU?
>> WHENEVER YOU GET THE ECONOMIC
REALITY, AND THE EARNINGS
COMPLETELY DISCONNECTED FROM THE
PRICE, WE WILL SEE AN ADJUSTMENT
LIKE WE SAW IN 2000.
THEY ARE IN GREAT COMPANIES.
NEIL: ARE WE ON THE VERGE OF
THAT NOW?
>> I SAID THAT ONCE IN 97, 98
AND I WAS WRONG BUT THEN I WAS
EVENTUALLY WRITE.
>> SOMETIME IN THE NEXT COUPLE
YEARS WE WILL HAVE AN ADJUSTMENT
IN THE STOCK MARKET AND THAT
WILL PUT A LOT OF STRAIN ON
PEOPLE WHO'VE EXPECTED THINGS TO
BE AS THEY ARE TODAY.
THE NOTION OF ENVELOPE, BUBBLE
DOWN, THAT IS MORE DIFFICULT ON
PEOPLE THAN STEADY GROWTH, WHICH
IS WHAT WE REALLY SEE IN OUR
ECONOMY IS THE RATES TO PRODUCT
COMMITTEE.
NEIL: STEVE BALLMER, PLEASURE.
I DON'T KNOW IF MY ECONOMISTS
GUESS WOULD APPRECIATE THE BLAH,
BLAH COMMENT.
L.A. CLIPPERS FAN, FORMER HEAD
OF MICROSOFT.