LINE OF DUTY.
>> Sandra: CONGRESSWOMAN
ALEXANDRIA OCASIO-CORTEZ WAS
SHARP REACTION WITH THE LATEST
COMMENTS ON OUR ECONOMY.
SHE RESPONDED TO CRITICS OF HER
PLAN TO INCREASE THE TOP
MARGINAL TAX RATE IN THIS
COUNTRY TO 70%.
>> IF YOU THINK THAT THE SYSTEM
WILL ALLOW BILLIONAIRES TO EXIST
WHEN THERE ARE PARTS OF ALABAMA
WHERE PEOPLE ARE STILL GETTING
RINGWORM BECAUSE THEY DON'T HAVE
ACCESS TO PUBLIC HEALTH IS WRON
WRONG.
>> Sandra: MARIA BARTON
MONA -- MARIA BARTON MORAL
MOTHER, MARIA CLEMENT BEAUTIFULO
MOTHER, MARIA CLEMENT BEAUTIFULT
THEY ARE, AND I KNOW THAT
THIS IS A GATHERING OF SOME
OF THE RICHEST PEOPLE IN THE
WORLD RIGHT THERE IN DAVOS BUT H
WORLD RIGHT THERE IN DAVOS BUT W
WORLD RIGHT THERE IN DAVOS BUT O
WORLD RIGHT THERE IN DAVOS BUT M
WORLD RIGHT THERE IN DAVOS BUT N
WORLD RIGHT THERE IN DAVOS BUT S
WORLD RIGHT THERE IN DAVOS BUT L
WORLD RIGHT THERE IN DAVOS BUT H
WORLD RIGHT THERE IN DAVOS BUT T
WORLD RIGHT THERE IN DAVOS BUT G
WORLD RIGHT THERE IN DAVOS BUT O
OVER?
>> Maria: YOU MAKE A GOOD
POINT BECAUSE YOU HAVE A LOT OF
WEALTH HERE BUT PEOPLE LOOK AT
THAT AND SAY, WHAT IS THAT GOING
TO DO TO THE ECONOMY IF YOU MAKE
IT SO ECONOMICALLY DIFFICULT FOR
THE HIGHEST EARNERS?
LET ME POINT OUT THAT ACCORDING
TO THE TAX FOUNDATION, THE TOP
10% OF EARNERS ALREADY PAY
ALMOST 80% OF ALL TAXES, SO YOU
ALREADY HAVE THE HIGHEST EARNERS
PAYING THEIR FAIR SHARE IF YOU
WILL.
BUT THIS COMMENT REMINDS ME OF
SOMETHING MAYOR de BLASIO SAID
WE COULD GO AND THAT WAS HE TOLD
THE GATHERING, LOOK THERE'S A
LOT OF MONEY IN THE CITY.
IT'S JUST IN THE WRONG HANDS.
WHAT EXACTLY IS THE WRONG HANDS?
IS THE WRONG HANDS KIM JONG UN
THE BILLIONAIRE THAT GAVE
$100 BILLION TO NY YOU MEDICAL
SCHOOL SO THAT YOU THAT NY YOU
GIVE OUT FREE MEDICAL EDUCATION
OR MAYBE IT IS WHO JUST GAVE
HUNDREDS OF MILLIONS OF DOLLARS
TO THE NEW YORK PUBLIC LIBRARY
SO THAT PEOPLE CAN HAVE ACCESS
TO NEW TECHNOLOGY IN THE
LIBRARY?
OR MAYBE IT IS SOMEONE LIKE
DAVID COATES WHO HAS GIVEN SO
MUCH TO MEDICAL SCHOOLS, HANK
GREENBERG HAVING GIVEN HUNDREDS
OF MILLIONS OF DOLLARS TO
PRESBYTERIAN.
SO YOU HAVE TO WONDER WHAT THOSE
BILLIONAIRES WOULD DO WITH THEIR
MONEY IF THE FIRST THING THEY
HAVE TO DO IS GIVE 70% OF IT TO
THE GOVERNMENT.
LET'S TALK ABOUT PRODUCTIVITY
FOR A SECOND.
IT WILL NO OTHER CONVERSATION.
ARE YOU GOING TO WORK INCREDIBLY
HARD WITH THE BELIEF THAT YOU
CAN EARN A GREAT SUCCESS AND YOU
CAN GET BETTER AND MORE WEALTH?
ARE YOU GOING TO WORK REALLY
HARD IF YOU KNOW THAT AT A
POINT, YOU WILL HAVE TO GIVE IT
ALL TO THE GOVERNMENT?
I DON'T THINK SO.
SO THOSE COMMENTS TO ME SEEM
QUITE NAIVE.
>> Sandra: SHE SAID THAT WHEN
ASKED WHETHER A WORLD THAT
ALLOWS THE BILLIONAIRES IS A
MORAL OUTCOME, SHE RESPONDED NO,
IT'S NOT.
SHE DID TAKE EXCEPTION WITH SOME
BILLIONAIRES LIKE BILL GATES,
FOR EXAMPLE, OR WARREN BUFFETT.
SHE DID NOT SAY THAT THEY WERE
ARE IMMORAL.
LIKELY, THAT MIGHT COME UP A
COUPLE OF TIMES OUT THERE AT THE
ECONOMIC FORUM, WE WILL SEE BUT
MEANWHILE WHAT IS THE
DISCUSSION?
WHAT IS THE TONE OUT THERE?
OBVIOUSLY THE GLOBAL IS THE
CONVERSATION CHINA IN A TRADE
DEAL, WHAT ARE THEY TALKING
ABOUT?
>> Maria: FOR SURE.
THOSE TWO COATS BIG SUBJECTS
ALONG WITH TECHNOLOGY AND
ROBOTICS.
ON THE GLOBAL ECONOMY, MOST
PEOPLE ACKNOWLEDGING WE ARE
LOOKING AT THE GLOBAL SLOW DOWN.
THE U.S. BEST POSITION, NO DOUBT
ABOUT IT GIVEN THE TAX CUTS AND
THE BOOST TO GROWTH THAT WE SAW
LAST YEAR.
BUT OVERALL, A YEAR, WE ARE
TALKING ABOUT SYNCHRONIZED
GLOBAL STORY BUT NOW PRETTY MUCH
TALKING ABOUT SYNCHRONIZE GLOBAL
SLOW DOWN.
SOME ECONOMIES WERE WORSE OFF
THAN OTHERS BUT LET'S NOT FORGET
EVEN THOUGH CHINA'S ECONOMY
SLOWED TO 6%.
IN THE ECONOMY IN THE WORLD
WOULD LOVE TO SEE 6% ECONOMIC
GROWTH.
SO I'M NOT SAYING THIS IS A
CATASTROPHE, YES, WE ARE COMING
DOWN FROM HIGHER LEVELS BUT I
DON'T THINK PEOPLE WITH A
RECESSION ESPECIALLY NOT THIS
YEAR.
CHINA WANTS TO SEE A DEAL DONE
AND IT LOOKS LIKE BOTH COUNTRIES
NEED TO GET A DEAL DONE.
EXPECT SOMETHING TO BE AGREED
UPON, CHINA OPENING UP ITS
MARKET, SANDRA.