NEW! - Nick Hanauer Speech at TED University (Video & Text) from Thursday, May 17, 2012
http://bud-meyers.blogspot.com/2012/05/nick-hanauer-speech-at-ted-university....
Like many Fox News commentators, Neil Cavuto (worth $23 Million) is also part of the 1%.
Almost half-way into this interview, wealthy investor Nick Hanauer admits that the truly rich only pay 15% in taxes because of capital gains, but Neil Cavuto kept interrupting his guest and talking over him. It appears that Cavuto doesn't want his capital gains taxed more and wants to control the conversation, rather than honestly debate the issue with Nick Hanauer.
Neil used the same old ridiculous argument and told Nick, "If you want to pay more, then write a check right now." Neil Cavuto was very rude.
Nick replied, "Try using that argument at the next company meeting at Fox News. I've run a lot of companies and once in a while somebody will pop up with this attitude. You know what we do with those people? We fire them. Both because they're useless and because they're poison to the culture."
Neil Cavuto raised the issue that Clinton lowered capital gains, but I also heard Bill Clinton say in a recent interview that he regretted doing that.
* I regretted that Clinton also signed the Gramm-Leach-Bliley Act to de-regulate the banks in 1999.
http://bud-meyers.blogspot.com/2011/04/phil-gramm-from-us-senator-to-ubs.html
.http://bud-meyers.blogspot.com/2012/05/nick-hanauer-speech-at-ted-university....
Like many Fox News commentators, Neil Cavuto (worth $23 Million) is also part of the 1%.
Almost half-way into this interview, wealthy investor Nick Hanauer admits that the truly rich only pay 15% in taxes because of capital gains, but Neil Cavuto kept interrupting his guest and talking over him. It appears that Cavuto doesn't want his capital gains taxed more and wants to control the conversation, rather than honestly debate the issue with Nick Hanauer.
Neil used the same old ridiculous argument and told Nick, "If you want to pay more, then write a check right now." Neil Cavuto was very rude.
Nick replied, "Try using that argument at the next company meeting at Fox News. I've run a lot of companies and once in a while somebody will pop up with this attitude. You know what we do with those people? We fire them. Both because they're useless and because they're poison to the culture."
Neil Cavuto raised the issue that Clinton lowered capital gains, but I also heard Bill Clinton say in a recent interview that he regretted doing that.
* I regretted that Clinton also signed the Gramm-Leach-Bliley Act to de-regulate the banks in 1999.
http://bud-meyers.blogspot.com/2011/04/phil-gramm-from-us-senator-to-ubs.html
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