warm, inviting seventeenth century lodge. warm one s legs by the fire, play a little snooker, enjoy a fine single malt or two, a substantial game meal, maybe another whiskey, perhaps. contemplate the mysteries of the universe under a starry sky. then, to sleep into the arms of morpheus, to rise in the morning as bringer of death. anthony: stephen and adrian keep calling it the hill. but that ain t no hill i ever seen. it s a behemoth. an endless range of behemoths. one mountain giving way to a moor, giving way to another mountain, then more, then more. there might be a hill somewhere in there, but it s probably between mountains. after a five-mile uphill walk.
struggle to shore up their foundering pillars of the soviet system to somehow weld together the unwieldy behemoths that was coming apart at the seams when for us when you can more freedom and he even legalized private bonuses. we try to correct most but it was the beginning of the end of the so that you know because remember so that model was based on the repression and on shia problem of. the problem is that any system especially a totalitarian one can only exist as a whole because the attempt to introduce new elements leads to its destruction. this destruction began in the baltic states in the three republics which had been the last to join the soviet union. billet the way in ian s
there ain t nothing confusing about carried interest, it s a gift. what might be confusing is she got talked to by a bunch of private equity interests and others who love having this tax break and now it s somehow confusing, but it s not. these are gains that private equity managers make on their funds and they should be ordinary taxation, because they are there this is their salary. this is how they make this money but they get this capital gains treatment and it s a boondoggle for them. they re a powerful lobby and trying to stop it. i think they re more worried about interest deductibility in this thing and getting rid of the special tax treatment for corporate interest deductibility because they rely on huge amounts of debt to fund their leverage buyout. ben, can we point out, can we point out that in the last eight years, private equity firms because they have long-term locked up money, because they don t have to mark to market have become behemoths. steve schwartzman, david
and greece. none of the economic behemoths, no one is doing what they are supposed to have so we have the burden on us. i think donald trump threw the towel in a little too early by accommodating nato and said i m with you. i would like to keep the pressure on. eboni: i think a lot of people felt we pay too much and may be don t get some of what the people that aren t paying. is it a fair thing? should trump have been harder? mo: demanding that our nato allies pay their fair share, absolutely appropriate. however, and this is where i get a little concerned and i think when we are hearing so much concern out of europe right now is, we are in tenuous times. we are in a period where europe is under assault. where borders are mushy when it
deductions, they have effective tax rates that are much lower. when you compare effective tax rate that corporations actually pay, you see a level playing field. you ll hear many corporations already pay effective tax rates that are much lower. general electric is notorious for getting its tax billown to 14% of pre-taxincome depending on the year, some corporate behemoths like boeing don t pay any federal income tax at all. let s bring in a senior fellow focusing on tax policy at manhatt manhattan, a think tank. he served for rob portman of ohio and also a staff director on fiscal responsibility and economic growth. lots of other things which indicate you know a thing or two about taxes. let s just dispense with the idea that if we pay 35% corporate income tax, we re the highest in the world. we generally don t. right now, we have the worst