BEFORE ALMOST ANYBODY SOMETHING
TO WATCH.
WITH US RIGHT NOW, THE
DEMOCRATIC CALIFORNIA SOME WOMEN
WOMEN, SOME WOMEN, IT IS GOOD TO
HAVE YOU.
WHAT YOU THINK OF WHAT HE WAS
SAYING?
YOU MIGHT NOT NEED SOMETHING
LIKE WHAT THE GOVERNMENT IS
PROPOSING IN CALIFORNIA, THE
DEMAND IS THERE ALREADY, WE
DON’T NEED TO LEGISLATE IT, HE
DIDN’T SAY THAT IN THOSE WORDS
BUT ELECTRICAL VEHICLES ARE
BEING POPULAR, GROWING AT A
FASTER PACE THAN ANY OTHER TYPE
OF VEHICLE SO YOU DON’T NEED
THIS, WHAT DO YOU THINK?
>> TAKE YOU FOR HAVING ME, I
APPRECIATE THE OPPORTUNITY TO BE
WITH YOU.
I’M HOPEFUL AND OPTIMISTIC THE
MARKET CONTINUES TO MOVE IN THAT
DIRECTION BUT MARKET SIGNALS ARE
IMPORTANT, IT IS CRITICAL FOR
OUR BUSINESSES AND THIS IS A
CLEAR MARKET SIGNAL FOR WHERE WE
ARE HEADED IN CALIFORNIA,
PROVIDING FLEXIBILITY IN RESPECT
HOW TO ACHIEVE THIS GOAL.
IT PROVIDES TIME TO PHASE IN.
IF THE MARKET MOVES FASTER THAN
WHAT WE ARE SEEKING, ALL THE
BETTER FOR OUR GLOBAL CLIMATE
JOB CREATION BUT IS IT IS
IMPORTANT WE HAVE A STRONG
MARKET SIGNAL AND THAT’S WITH
THE GOVERNOR PROVIDED YESTERDAY
IN CALIFORNIA.
NEIL: I KNOW YOU ARE ON A WEALTH
TAX WILL BE ON THE BALLOT IN
CALIFORNIA, JAMIE DIAMOND, JP
MORGAN CHASE, HE’S MORE THAN
OPEN TO PAYING MORE TAXES, HE
THINKS A WEALTH TAX IS
UNWORKABLE.
, IT WOULD BE A NIGHTMARE, WHAT
YOU THINK?
>> FIRST, THE WEALTH TAX IS NOT
ON THE BALLOT, AT LEAST NOT THIS
CYCLE.
IT’S BEEN PROPOSED, INTRODUCED
IT WE TALKED ABOUT IT LAST TIME
I WAS WITH YOU BUT IN LISTENING
CLOSELY TO THE CONCERNS ABOUT
HOW YOU IMPLEMENT APPROPRIATELY
AND ADMINISTER THE WEALTH TAX, I
AM VERY THANKFUL AND
APPRECIATIVE TO HEAR THERE IS A
DESIRE FOR MORE, IT’S A SHARED
DESIRE BY MANY MILLIONAIRES AND
BILLIONAIRES WILL BE PAYING A
WEALTH TAX IT IS A QUESTION OF
HOW, I THINK WE CAN FIGURE IT
OUT AND GET THAT BUT THERE ARE
REAL CONCERNS, I’VE TALKED TO
FOLKS WILL BE SUBJECT TO MY
WEALTH TAX AND ITS PROVIDED
IMPORTANT INSIGHT AND HOW TO
IMPLEMENT IT BUT WE NEED TO
DISCUSS THE CHALLENGES WE NEED
TO OVERCOME.
NEIL: I KNEW IT WASN’T ON THE
BALLOT, I MISSPOKE.
DO YOU THINK IF NOT THIS
ELECTION YEAR, IT WILL BE PUT
ON?
ANOTHER FUTURE BALLOT, THAT
THERE IS SUPPORT FOR THAT?
I’M HEARING THAT THERE’S NOT BUT
YOU COULD UPDATE ME.
>> THERE COULD BE, THAT IS
CERTAINLY ONE WAY TO HAVE REVENUE AND PUT IT IN FRONT OF
REVENUE AND PUT IT IN FRONT OF
THE PEOPLE, GO WITH THAT PROCESS
SHOW THE PEOPLE THAT REVENUE
SOURCE AND PUTTING EVERYTHING ON
THE TABLE RIGHT NOW.
WE NEED TO INVEST IN PEOPLE WHO
NEED IT MOST WORK BARELY HANGING
ON HER CAN’T HANG ON ANYMORE AND
NEED OUR SUPPORT.
WE NEED TO KEEP INVESTING AND
IDENTIFY APPROPRIATE WAYS TO DO
THAT.
IT COULD ALSO BE THROUGH A
SIGNIFICANT JOBS CREATION AND
INFRASTRUCTURE BOND.
MONEY IS THE RIGHT NOW, WE CAN
STIMULATE THE ECONOMY AND HELP
THE PEOPLE THAT WAY.
IT’S ALL FOR THE OF
CONSIDERATION SO I AM THANKFUL
I’VE PUT AN IDEA ON THE TABLE
THAT IS GAINING TRACTION.
SOME CRITICISM FOR SURE, I AM
LISTENING CLOSELY TO THOSE, I
THINK IT IS IMPORTANT TO PROVIDE
A SOLUTION THAT CAN REALLY WORK.
NEIL: THERE IS A PUSH FOR THOSE
TAXES, CALIFORNIA NEEDS MONEY SO
THAT HAS COME UP AS WELL.
IS IT FAIR TO SAY CALIFORNIA
WILL BE RAISING TAXES?
>> THERE IS A PROPOSAL ON THE
BALLOT YOU MIGHT BE REFERRING TO
THAT IS A REFORM OF PROPOSITION
13’S ON THE COMMERCIAL SIDE, NOT
THE RESIDENTIAL SIDE, NO HOMER
HOMEOWNER WILL BE IMPACTED BUT
IF THEY’RE NOT PAINT THE THEIR
SHARE, THEY WILL BE ASKED TO PAY
MORE.
I DON’T KNOW IF IT WILL PASS, IT
WILL BE UP TO THE VOTERS.
IF IT DOES, CORPORATIONS WILL BE
PAYING THEIR FAIR SHARE OF
PROPERTY TAX.
NEIL: ALL RIGHT, I GIVE YOU
ENORMOUS CREDIT, COME ON HERE
AND TALK YOUR VIEWS, YOU DON’T
PICK AND CHOOSE YOUR NETWORKS
AND I ADMIRE THAT.
WE WILL SEE WHAT HAPPENS UNDER