PRESIDENT RECOGNIZED BY THE U.S.
AND SEVEN OTHER COUNTRIES.
LIZ: .
MICHAEL BOOM BERG SAYS A WEALTH
TAX IS CALLED VENEZUELA.
THE GREATER DEMOCRATIC PLATFORM
IS SHAPING UP TO LOOK AS
FOLLOWS.
90% TAX RATE, GOVERNMENT
HEALTHCARE, OPEN BORDERS,
GUARANTEED COLLEGE AND JOBS AND
INCOME, ALL GUARANTEED BY THE
GOVERNMENT.
DID I LEAVE ANYTHING OUT?
>> THEY WANT TO SHUT DOWN ENERGY
PRODUCTION AND TAX GASOLINE AND
ENERGY HEAVILY, TOO.
LIZ: I WANT YOUR REACTION TO
EVEN "THE WASHINGTON POST"
EDITORIAL BOARD READING
BASICALLY THE RIOT ACT TO ALL
THE PEOPLE FOR SINGLE PAYER AND
MEDICARE FOR ALL.
WHAT MEDICARE FOR ALL COULD NOT
DO, WHAT KAMALA HARRIS AND OTHER
CANNOT HONESTLY CLAIM, IT WILL
NOT END HEALTHCARE RATIONING.
THE DEMOCRATS SHOULD NOT MAKE
THAT ARGUMENT BY EXAGGERATING
THE BENEFITS OR LOW BALLING THE
COST OF SINGLE PAYER.
WHAT'S YOU'RE REACTION TO THAT?
"THE WASHINGTON POST" IS TAKING
THEM ON SAYING YOU ARE DEAD ON.
>> THEY ARE NOT TAKING THEM ON.
TAKE THEM ON WOULD HAVE BEEN
HAVING THIS CONVERSATION BEFORE
THE 2018 ELECT.
THIS IS A WARNING TO ASK THEM
PLEASE DON'T LOSE THE 2020
ELECT.
THE DEMOCRATS ARE ON TRACK TO
MAKE TRUMP LOOK EXTREMELY GOOD.
LIZ: I'M ASKING YOU TO RESPOND
TO THE "WASHINGTON POST"
COMMENTS.
YOU ARE TALKING -- THE WAY YOU
ARE PHRASING IT, YOU ARE LOW
BALLING THE COST OF MEDICARE FOR
ALL.
TAKE ON THAT.
>> IT'S TRUE.
THIS IS MAYBE $30 TRIAL,
DEPENDING ON HOW THEY PLAN TO DO
IT, PLUS THEY WILL PAY FOR
EVERYBODY'S EDUCATION AND GIVE
JOBS TO EVERYBODY WHETHER THEY
WORK OR NOT.
THIS IS LUNACY.
AND THE "WASHINGTON POST" IS A
CLEAR LEADER FOR THE MODERN
DEMOCRATIC PARTY.
IT'S WARNING THEM, THEY ARE
ABOUT TO THROW AWAY THE 2020
ELECTION.
BROOKINGS SAYS HIRE TAXES ONLY
CREATE BIGGER GOVERNMENT.
THE GOVERNMENT IS 5 1/2 TIMES
BIGGER IT WAS FOUR DECADES AGO.
AND IT CONSUMES ABOUT 40% OF
GDP.
>> GOVERNMENT HAS GOTTEN BIGGER
AND HAS NOT SOLVED THE PROBLEMS
IT SAID IT WOULD SOLVE.
THEY WENT UP BY MORE THAN
$3,000.
MORE AND MORE GOVERNMENT IS NOT
THE SOLUTION TO THE PROBLEM.
WE WERE TOLD THAT WE WERE AT
PEAK OIL AND YOU CAN'T HAVE MORE
OIL.
MORE FREE MARKETS AND ALLOWING
PEOPLE TO LOOK FOR OIL AND
NATURAL GAS BROUGHT AN ENERGY
RENAISSANCE TO THE UNITED
STATES.
THE BROOKINGS INSTITUTE SAID IF
TRUMP WAS ELECTED THE STOCK
MARKET WOULD FALL 10% TO 15%.
IT'S UP 30%.
THE LEFT'S ANALYSIS OF WHAT
CREATES GROWTH, IF YOU LOOKED
AROUND THE WORLD YOU COULD HAVE
LEARNED FROM VENEZUELA,
ARGENTINA, THE SOVIET UNION.
LOW TAXES, PROPERTY RIGHTS.
' FREEDOM OF CONTRACT.
LIBERTY GIVE YOU GROWTH.
WHEN YOU MOVE IN THE OTHER
DIRECTION YOU HAVE FEWER JOBS.
WE JUST GOT 3% WAGE INCREASE THE
LAST YEAR.
THAT WE WERE TOLD COULDN'T
POSSIBLY HAPPEN.
>> I WONDER IF ALL THOSE PEOPLE
WHO SAID THE MARKETS WERE GOING
TO COLLAPSE IF THEY PERSONALLY
SOLD THEIR OWN STOCKS.
IF THEY SAID CORTEZ AND
ELIZABETH WARREN, YOUR HIGH TAX
RATES ON THE DEMOCRAT LEFT.
IF YOU HAD THAT YOU MAY NOT HAVE
HAD A SILICON VALLEY.
WHAT DO YOU MAKE OF THAT
ARGUMENT?
>> WE WOULDN'T HAVE.
WE NO LONGER HAVE A 90% OR 70%.
JOHN F. KENNEDY SAID IT WAS
HURTING THE ECONOMY AND WE HAD
STRONG GROWTH IN THE 60s.
WHEN WE GOT RID OF THE 70% RATE
UNDER REAGAN WE HAD STRONG
GROWTH IN THE 80s.
BUT NOT JUST AMERICA, THE REST
OF THE WORLD MOVED AWAY FROM
HIGH RATES.
REMEMBER THE BEATLES SONG, TAX
MAN.
A 95% RATE.
9 FOR THE GOVERNMENT, ONE FOR
YOU.
THAT'S WHY THE BEATLES LIVE IN
AMERICA.
EVERYBODY WHO CAN PLAY TENNIS IN
SWEDEN LEFT SWEDEN AND LIVE IN
MONACO.
THE HIGH RATES KILLED
INNOVATION, AND YOU DON'T HAVE
IN EUROPE SOME OF THE GROWTH WE