ASSET OF WHICH TAXES HAVE
ALREADY BEEN PAID, WE'RE BRING
IN OUR GUEST MORRIS, DO YOU
SUPPORT THESE.
>> I SUPPORT BILLIONAIRES HAVING
A WEALTH TAX LIKE MIDDLE TAX
AMERICANS.
HAD WEALTH TAXES FOR YEARS.
DAVID: IT BILLION AND MILLION
AIRS.
>> WE THINK THAT BEING RICH IS
GREAT, WE'RE CAPITALISTS, WE
COULD THAT EVERYONE SHOULD BE
RICH AND BE A MILLIONAIRE, BUT
WE THINK THEY SHOULD PAY TAXES
AT SAME RATE AS AMERICANS DO.
>> MORRIS, WE HAVE TALKED MANY
TIMES OVER THE YEARS, I CALL
THEM HYPOCRITICAL MILLIONAIRES,
ON BOTTOM OF TAX FORM, YOU CAN
PAY MORE TAXES IF YOU WANT TO,
VIRTUALLY, NONE OF YOUR MEMBERS
HAVE DONE THAT, IF THAT I WANT
TO PAY MORE TAXES, WHY DO THEY
NOT JUST DO IT?
>> STEVE, NOT THAT I PERSONALLY
WANT TO PAY MORE TAXES, A DON'T
LIKE PAYING TAXES MORE THAN
ANYONE ELSE DOES, MAYBE MORE
THAN YOU.
BUT I BELIEVE WE ALL HAVE TO PAY
OUR FAIR SHARE, WE NEED A SYSTEM
WHERE EVERYONE CONTRIBUTES NOT
WHERE IT IS VOLTAIRE.
>> WE HAVE A MILITARY SYSTEM,
WHERE PEOPLE -- PATRIOTIC
AMERICANS, THEY VOLUNTARILY SIGN
UP FOR MILITARY, IF THE PEOPLE
WANT TO BE PATRIOTIC, WHY DO
THEY NOT PAY MORE TAXES.
>> THE POINT OF PAYS TAXES SO WE
HAVE A SYSTEM WHERE THOSE PEOPLE
MORE ABLE TO PAY, PAY MORE, IF
WE HAD A SYSTEM WHERE EVERYONE
PAID VOLUNTARILY THAT WOULD NOT
WORK.
WE WOULD PAY FOR SOMEONE TO PUT
ON METROPOLITAN USE MUSEUM OF
ART BUT NOT FOR THE SEWER
SYSTEMS AND SCHOOLS.
WE SPEND PLENTY OF MONEY ON
PATRIOTIC ACTIVITIES AND
CHARITIES, JUST LIKE YOU.
BUT WE BELIEVE WE NEED A FAIR
TAX SYSTEM IN THE COUNTRY, WE
CAN'T HAVE A SYSTEM --
--
>> DO YOU WANT TO GET IN.
>> I DON'T KNOW WHAT IS FAIR
ABOUT TAKING MONEY THAT PEOPLE
EARNED AND REDISTRIBUTING TO
THERE ARE
OTERE ARE
OTHEE ARE
OTHER ARE
OTHER PRE
OTHER PEOPLE, YOU ARE ADVOCATING
MORE GOVERNMENT FORCE TAXATION,
IS THE WAY THAT SOME TAXES ARE
SPENT UNDER REPUBLICAN AND
DEMOCRATIC DANG
DEMOCRATIC AANG
DEMOCRATIC ADMG
DEMOCRATIC ADMINISTRATION DOES
THAT NOT CONCERN YOU A LITTLE
BIT.
THE MORE WE TAX?
>> WHAT WE'RE CONCERNED ABOUT IS
FACT THAT SOME OF THE RICHEST
PEOPLE HAVE LOWER TAX RATES THAN
REGULAR WORKING AMERICANS, THAT
IS NOT FAIR, WE THINK WE NEED
MONEY IN HANDS OF WORKING
AMERICANS WHO WILL SPEND IT.
NOT BILLIONAIRES WHO WILL JUST
MAKE THEIR PORTFOLIOS THAT MUCH
LARGER.
DAVID: MORRIS, THE 15 EUROPEAN
NATIONS THAT TRIED TO OUT, AND
DUMPED IT, CAPITAL MOVES WHEN
YOU OVER TAX OR WHEN CAPITAL
FEEL ITS BEING OVER TACKED, WHEN
BENEFITS DON'T OUT WEIGH THE AIM
OF MONEY TO WAY PAY THEY JUST
LEAVE, WE HAVE SEEN IF
LEAVE, WE HAVE SEEN HF
LEAVE, WE HAVE SEEN HERE AND IN
15 EUROPEAN NATIONS.
>> A HUGE NUMBER OF OUR
WEALTHIEST AMERICANS, DID NOT
EVER PAY TAX ON THAT MONEY, THEY
INHERITED MONEY FROM THEIR
PARENTS, PEOPLE SAM WALTON.
OR THE MARS FAMILY THAT BUILT
HUGE FORTUNES, NEVER PAID TAXES.
BECAUSE IT ALL BEEN UNREALIZED
CAPITAL GAINS.
DAVID: BUT WHEN KEEP
DAVID: BUT WHEN WEEP
DAVID: BUT WHEN WEAP
DAVID: BUT WHEN WEALTH TAX TRIED
IN 15 EUROPEAN NATIONS IT
FAILED, CAPITAL MOVED OUT, THEY
MADE LESS MONEY, WILL IT NOT
FAIL HERE AS WELL.
>> NO, I DON'T BELIEVE THAT
PEOPLE OF MOVE OUT OF MOST
VIBRANT, SUCCESSFUL COUNTRY IN
THE WORLD BECAUSE OF THAT.
>> MORRIS -- MORRIS.
>> DEDUCTION CHANGES, YOU SEE
THIS MIGRATION OF WEALTH PEOPLE
LEAVING THE CITIES, MOVING TO
FLORIDA WHERE GARY USED TO BE.
>> THE PEOPLE WHO MOVE BASED ON
TAXES, THEY MOVED OUT OF NEW
YORK, GENERATIONS AGO.
>> WE HAVE LIKE ONE ANCHOR IN
OUR NETWORK WHO REMAINS
NAMELESS, WHO PURPOSELY LEFT,
NOW LIVES IN A BIG HOME OUTSIDE
OF THE CITY.
>> THAT IS PROBABLY APPROPRIATE
FOR FOX ANCHORS.
>> WOE.
WOE.
>> HEY, WOE.
>> HOW MANY PEOPLE DO YOU
REPRESENT, YOU ARE CALLED
PATRIARCH MILLIONAIRE HOW MANY
PEOPLE ARE PART OF YOUR GROUP.
>> A FEW HUNDRED.
>> THEY MAKE A MILLION.
>> HALF A MILLION.
>> GO AHEAD.
>> MORRIS, I WANT TO ASK ABOUT
OTHER SIDE OF TRADE, YOU ARE
ASKING FOR PEOPLE TO PEAR
ASKING FOR PEOPLE TO PAYR
ASKING FOR PEOPLE TO PAY MORE IN
TAXES TO A GOVERNMENT THAT IS
22.5 TRILLION IN DEBT, A
GOVERNMENT THAT TOLD US 800
BILLION DOLLAR STIMULUS WOULD GO
TO INFRASTRUCTURE, THEY DID NOT
DO IT TO POSSIBLY A BERNIE
SANDERS OR ELIZABETH WARREN TO
ALLOCATE THAT CAPITAL WHEN THERE
IS NOTHING IN THEIR RESUME THAT
SHOWS THEY WILL BE A TO ALLOCATE
TO CORRECTLY, YOU CAME FROM
BLACK LOCK THAT WOULD NEVER
ALLOCATE MONEY UNKNOWINGLY WHY
WOULD YOU WANT TO GIVE MORE
MONEY TO A ENTITY THAT IS VERY
INEFFICIENT AND INEFFECTIVE.
>> WE'RE ADVOCATES CHANGES TAX
SYSTEM IN THE COUNTRY SO RICH
PAY MORE INSTEAD OF POOR,
OPPOSITE OF 2017 TAX CUT BAIL,
THAT PUT MORE MONEY TO RICH
PEOPLE WHO DON'T SPEND IT DID BT
GET RICHER AND RICHER.
DAVID: THEY DON'T SPEND IT THEY
INVEST IT, WHAT IS WRONG WITH
INVESTING?
NOTHING, BUT WE THINK INVESTORS
SHOULD PAY SAME TAX RATE, NOT
HAVE LOWER TAX RATES THAN PEOPLE
WHO WORK FOR A LIVING.
>> WHY NOT PROPOSE CLOSING
LOOPHOLES INSTEAD.
>> WE PROPOSED THAT TOO.