EXPORTER, IT'S UP 1.65, 1%, 15
MINUTES FROM NOW.
I'M GOING TO SWITCH GEARS
BECAUSE TODAY IS TAX DAY, YES,
JUDGE ANDREW NAPOLITANO IS HERE
AND YES, HE SAYS TAXATION IS
THEFT AND I SAY THAT'S NONSENSE,
I WILL ALLOW YOU TO MAKE YOUR
CASE.
>> THIS IS A CASE MADE BY YOUR
COUNTRYMAN JOHN LOCKE THAT
ALLOWED TAXATION IS THEFT
BECAUSE IT'S TAKING WITHOUT
CONSENT AND THOMAS JEFFERSON
SAID THE ONLY MORAL TRANSACTIONS
ARE THOSE TO WHICH THERE IS
CONSENT.
SO YOU ARE SITTING AT HOME ONE
NIGHT, KNOCK ON THE DOOR,
SOMEBODY SHOWS UP WITH A GUN,
GIVE ME YOUR MONEY, I WANT TO
GIVE IT AWAY IN YOUR NAME, YOU
CALL THE POLICE AND YOU FIND OUT
HE IS THE POLICE, COME TO TAKE
YOUR TAX DOLLARS AND GIVE IT
AWAY IN YOUR NAME.
STUART: COME ON, JUDGE.
TAXATION HAS BEEN RUN BY THE
SUPREME COURT ABOUT 100 YEARS
AGO AND IT PASSED.
>> BECAUSE IT'S IN THE
CONSTITUTION, IT'S NOT MORAL,
BUT IT IS IN THE CONSTITUTION
THE RIGHT OF THE GOVERNMENT TO
TAKE YOUR INCOME WITHOUT YOUR
CONSENT.
I MEAN, SUPPOSED -- STUART:
WOULD YOU RATHER HAVE DUTIES ON
IMPORT AS THEY USED TO DO IN
OLD-FASHION DAYS?
>> I WOULD PREFER FEE FOR
SERVICE BECAUSE I COULD CONSENT
TO WHAT I WANT.
I STEEL $20 FROM YOU AND I GIVE
YOU THE BOOK, KEEP THE BOOK,
IT'S WORTH MORE THAN $20, I
DON'T WANT THE BOOK, THAT'S WHAT
THE GOVERNMENT DOES, GIVE US
YOUR MONEY, WE WILL GIVE YOU A
SERVICE WHETHER YOU WANT IT OR
NOT.
LET ME TELL YOU THE FLIP SIDE OF
THIS, NOT ALL THEFT IS IMMORAL.
SO IF YOU'RE STARVING TO DEATH
AND I OWN A LOAF OF BREATH, YOU
HAVE THE RIGHT TO TAKE THAT
BREAD AND CONSUME IT BECAUSE
YOUR RIGHT TO LIVE IS HIGHER
RIGHT THAN MY RATE TO PROCESS
THE BREAD. STUART: IF WE ARE
TALKING MORALITY, I SEE YOUR
POINT.
EVERYTHING ELSE IS NONSENSE.
>> DO THEY TEACH MORALITY AT THE
SCHOOL OF ECONOMICS?
STUART: ABSOLUTELY NOT.
I WANT YOU TO LISTEN TO WHAT
STEVE, MICROSOFT GUY TOLD NEIL
CAVUTO ABOUT ESTATE TAXES, ROLL
THAT PLEASE.
>> I'M GOING PAY ESTATE TAXES,
WHEN I DIE THEY'LL BE A ESTATE
BILL PAID, FOR SOMEBODY WHO HAS
BEEN SO LUCKY AND FORTUNATE AS I
HAVE I'M WILLING TO DO MORE.
NOW, I'M NOT SAYING THAT'S WHAT
SOCIETY SHOULD DECIDE, DEMOCRACY
SHOULD FIGURE IT OUT.
STUART: GO AT IT, JUDGE.
>> IF HE WANTS TO GIVE HIS MONEY
AWAY, LET HIM GIVE IT AWAY, WHY
SHOULD HE IMPOSE THE BURDEN ON
THE REST OF US.
HE'S SO ANXIOUS TO FILL THE
GOVERNMENT'S COFFERS LET HIM
FILL THEM WITH HIS OWN MONEY.
STUART: PEOPLE WITH THAT KIND OF
WEALTH, WEALTHY PEOPLE IN
GENERAL, DO NOT PAY ESTATE
TAXES, THEY HAVE A ESTATE TAX
PLANNING.
>> SOMETHING WHICH I STRONGLY
APPROVE BECAUSE ESTATE TAX IS
ANOTHER TAX ON SOMETHING THEY
ALREADY PAY TAXES ON.
STUART: YET, THE ESTATE TAX
SEEMS TO STAY WITH US, IT NEVER
GETS QUITE SWEPT AWAY.
>> THE ONLY TIME IT GOES AWAY IN
CERTAIN STATE THAT IS WANT TO
DRAW WEALTHY PEOPLE TO DIE THERE
LIKE FLORIDA, FOR EXAMPLE.
FORGET ABOUT OUR HOME STATE.
FORGET ABOUT NEW JERSEY, YOU DIE
IN NEW JERSEY, YOUR HEIRS ARE
PULPITS.
STUART: TAXING PEOPLE ON POINT
OF DEATH STOPS THE ACCUMULATION
OF WEALTH OVER GENERATIONS AND
THE CREATION OF A FINANCIAL
ARISTROCACY.
>> THE LEFT DOESN'T BELIEVE IN
CONSENT.
THEY JUST BELIEVE IN AUTHORITY.
STUART: YES.
>> PEOPLE ON THE RIGHT SOMETIMES
HAVE THE VIEW AS WELL.
STUART: BUT YOU CAN GUARD
AGAINST THE ESTATE TAXES?
>> YES, YOU CAN.
STUART: MAKE SURE YOU DON'T PAY
A DIME.
>> STEVE BALLMER HAS TO HAVE THE
BEST ESTATE PLANNERS IN THE LAND
BECAUSE HIS ESTATE IS HUMONGOUS
IN SIZE.
[LAUGHTER]
LIZ: SO DOES BERNIE SANDERS AND
NANCY PELOSI.
>> THEY ARE DWARFED BY STEVE
BALLME.
STUART:LY BET THAT NANCY PELOSI
WILL HAVE AN ESTATE TAX, ESTATE
PLAN THAT WOULD AVOID TAXATION.
>> SHE CAN AFFORD --
>> THE GREAT PROGRESSIVE SUPREME
COURT JUSTICE OLIVER ONCE SAID
NO ONE SHOULD PAY A NICKEL MORE
THAN THEY OWE.
ALL YOU CAN LAWFULLY TO AVOID,
NOT EVADE BUT AVOID.
[LAUGHTER]
ASHLEY: EVERY TIME HE GOT THE
OPPORTUNITY --
>> WHERE WAS DOTTY DAVE?
[LAUGHTER]