WHAT CONFIGURATION THIS COULD
BE.
WILLOUGHBY CASHIER LIST LIKE
AMAZON GO, NOT CLEAR AND THE
WALL STREET JOURNAL.
>> WE WANT TO TURN TO TAXES,
BERNIE SANDERS ANNOUNCING A
PROPOSAL THAT WOULD TAKE AIM AT
COMPANIES THAT PAY HIGH-LEVEL
EXECUTIVES MUCH MORE THAN THE
MEDIAN EMPLOYEE SALARY.
IF HIS PLAN IS IN PLACE AND IF I
HAD BEEN IN PLACE LAST YEAR,
J.P. MORGAN CHASE WOULD'VE PAID
$991.6 MILLION IN TAXES.
WALMART $793.8 MILLION,
MCDONALD'S $110.9 MILLION MORE.
JOINING US NOW IS A FORMER CEO
OF MCDONALD'S USA.
AND AT.
IT'S GREAT TO SEE YOU.
GOOD MORNING GOT TO BE HERE.
>> I WANT TO REDO THE HEADLINE
OF BERNIE SANDERS TAX PLAN, HE
SAYS THIS.
SANDERS RELEASES INCOME
INEQUALITY TAX PLAN, THE PLAN
WOULD INCREASE TAXES ON GREEN
COMPANIES THE PAY CEOS 50 TIMES
MORE THAN MEDIAN WORKERS.
THAT THE HEADLINE OF THE ACTUAL
PRESS LEAVE RELEASE.
GREEDY COMPANY.
>> I DO NOT HAVE MUCH CONFIDENCE
WITH ANYTHING THAT BERNIE
SANDERS HAS ANYWAYS.
THERE IS NO CORPORATION IN THE
WORLD THAT PAYS TAXES, THEY
COLLECT MONEY FROM A CUSTOMER
FOR THE SERVICES AND TAXES, THE
CUSTOMERS WILL ULTIMATELY PAY
THAT IT'S INFLATIONARY AND
RIDICULOUS ON ITS FACE AND HE
KNOWS IT.
THE COMMUNIST PARTY IN THE
DEMOCRATIC PARTY HAS TO STOP
THIS NONSENSE.
WE HAVE A CAPITALIST SYSTEM,
FREE MARKET AND THEY HAVE TO
COME TO GRIPS WITH IT, THERE'S
NO WAY BERNIE SANDERS WILL GET
ELECTED.
HE MAY BE A VICE PRESIDENT
CANDIDATE BUT HE'LL NEVER BE
ELECTED, HE'S ABSURD.
>> HE IS CLEARLY NAILING DOWN ON
THE IDEA THAT THE EXECUTIVES ARE
MAKING TOO MUCH MONEY, DO YOU
THINK THAT SOMETHING THAT
RESONATES WITH THE PUBLIC AT ALL
AND SOMETHING A REPUBLICAN HAS
RESPONSE TOO?
>> YOU KNOW, IT'S ALWAYS A
DIFFICULT QUESTION BECAUSE GREED
IS NOT A FAVORABLE TRAIT IN A
HUMAN BEING.
BUT IF THESE COMPANIES ARE DOING
EXTREMELY WELL AND IF THEY HAVE
THOSE SALARIES AND WAGES, WE
HAVE A FREE COUNTRY, WE CAN DO
THAT, DO I AGREE AND DO I THINK
THEY NEED TO BE MANAGED MORE
BECAUSE THE BENEFIT OF THE
SHAREHOLDERS AND BENEFIT, YES,
IT'S A FREE COUNTRY, WE GET TO
DO THOSE KINDS OF THINGS AND IF
THE BOARDS VOTE TOWARDS AND THE
SHAREHOLDERS DON'T LIKE IT, THEY
CAN VOTE THE BOARDS OUT, WE HAVE
A GOOD SYSTEM OF CONTROLS.
SO I'M NOT GOING TO THE PLIGHT
OF WHAT ANY COMPANY MAKES.
AND IF THERE ARE BENEFITING
THEIR LEADERSHIP THE OUTER GET
REWARDED.
>> I HAVE A QUESTION, I KNOW
TARGETING CEOS BUT WHAT ABOUT
THE COMPANIES LIKE AMAZON THEY
GET THESE TAX BREAKS AND JEFF
BEZOS NOT TREATING HIS EMPLOYEES
LIKE CHICK-FIL-A GIVING THEM
ABOVE THE MINIMUM WAGE MAKING
SURE THEY HAVE HEALTHCARE, WHAT
RESPONSE.
>> IF WE HAD INEFFECTIVE
GOVERNMENT AT EVERY LEVEL WERE
REALLY FOCUSED ON WHAT IS NEEDED
TO BE DONE FOR THE OVERALL
GROWTH OF THE ENTIRE COUNTRY IN
THE POPULATION, I THINK SOME OF
THESE TAX BREAKS FOR THESE HUGE
CORPORATIONS OUGHT TO BE
STOPPED, SLOW DOWN, MODIFY
CHANGE.
I THINK THE COMMUNITY IS PART OF
THE RESPONSIBILITY, THE FIRST
GOAL OF EVERY COMPANY IS MAKE A
PROFIT BECAUSE WITHOUT PROFIT
THERE IS NO CHARITY.
BUT PROFIT SHOULD NOT COME AT
THE EXPENSE OF THE TAXPAYER
THROUGH UNNEEDED SUBSIDIES.
>> THAT'S NOT WHAT THE BUSINESS
ROUNDTABLE SAID RECENTLY, THEY
SAID PROFIT WILL NOT BE THE
NUMBER ONE PRIORITY.
>> WELL I'LL TELL YOU WHAT, IT'S
GOING TO BE A VERY DIFFICULT
WORLD IF PROFIT IS NOT THE
PRIORITY, BUSINESSES LOSE MONEY
ULTIMATELY FAIL AND GO AWAY.
>> WHAT ABOUT THE HIGHER MINIMUM
WAGE?
INSERTING AN EFFECT IN NEW YORK
CITY, SOME RESTAURANTS ARE
FEELING THE HEAT EVEN CLOSING
BECAUSE THEY CANNOT AFFORD TO
PAY $15 MINIMUM WAGE.
WHAT IS YOUR REACTION, WHAT IS
THE ANSWER TO INCOME INEQUALITY,
I IN CHINA WAGES HAVE GONE UP
YEAR-OVER-YEAR AND TIGHTENING
BEHIND INTO THE CRITICS THAT SAY
THE ONLY WAY TO DO IS RAISE
TAXES AND WAGES.
>> CLEARLY IF YOU LOOK AT
CALIFORNIA, NEW YORK AND A
COUPLE OTHER STATES RUN BY
DEMOCRATIC GOVERNMENTS WHERE THE
MINIMUM WAGE IS A BIG ONE OFF,
LOOK AT SEATTLE, WASHINGTON, THE
JOB LOSS IS STAGGERING, SOME
PEOPLE MAKE MORE MONEY THAN A
LOT OF OTHER PEOPLE ARE OUT OF
JOBS.
WE REALLY HAVE A SITUATION AND
IT'S VERY DIFFICULT TO FIND
EMPLOYEES IN A LOT OF
COMMUNITIES NOW.
I SEE STARTING WAGES AT 14, 15,
16, $17 AN HOUR AND PEOPLE HAVE
0 JOB SKILLS.
IT'S A MIXED BAG DEPENDING ON
WHERE YOU ARE, THE COST OF
LIVING IS SO HIGH IN NEW YORK
CITY AND THE WAGES HAVE GOT TO
BE HIGHER, BUT A LOT OF SMALL
BUSINESSES ARE GOING TO GO OUT
OF BUSINESS BECAUSE LABOR IS A
HIGH COMPONENT OF THE PIANO.
>> LOOKING AT THE CANDIDATES,
THE DEMOCRATIC NOMINATION, WHO
THREATENED YOU THE MOST IN TERMS
OF POLICY?
>> I'LL TELL YOU WHAT, THIS
DEMOCRATIC PARTY IS NOT THE
PARTY OF MY FATHER WHO WORKED IN
A COAL FIELD.
THEY ALSO CURE ME BECAUSE OF
FUNDAMENTALLY SAYING THAT THIS
FREE MARKET, THIS COUNTRY OF
OURS IN THE CAPITAL SYSTEM, THE
RIGHTS OF THE INDIVIDUAL MEAN
NOTHING THAT THE STATE
GOVERNMENT HAS TO TAKE OVER.
I TRAVELED AROUND THE WORLD,
BEEN TO SWEDEN, FINLAND, CHINA
AND I'LL TELL YOU THEY ARE