about. i don t care if i m being a jerk. i saw a man who argues against achievement this is a man who doesn t believe you have a right to be rich. the estate tax is a tax on dead people. they ve already been tacked, you are taxing corpses. it is not about being the son of a rich man. my mother is 86-years-old, a nice lady who is going to be taxed. the estate only affects the very, very wealthy people with what estates? mike: tell me why is it, let s say a farm that has been in the family since the 1800s on the books it may be worth several million dollars. you couldn t sell it for that. there are people in my state, they have farm equipment. if they die their kids will have to sell off half the acreage to pay taxes with why should we penalize the heirs?
mike: there was a time when people said if you wanted longevity in the business you outrageous like get a drug bust or something did that really happen? no it happened in the 80s, you know about this, done you? i know everything. whatever. there was a plan to get me buffed for drugs an it would have worked, mike. i would have been all over the press. donny gets busted for drugs. short term gain for long term loss. some day my kids are gonna say dad, why did you do that? i get high, i just wear big shoes. mike: you got your start with a gentleman who opened a big door for you. andy williams father went to disneyland and saw your brothers and told andy you got to get these kids on and he did. here s a clip. he does his research. mike: we try.
nobody is more gorgeous than marie. mike: i thought you were gonna say donny. i think marie won out a little on that. they are both so talented and so great. i m so proud to have been part of their lives. mike: andy, tell me how big a deal it was when the osmonds came on your show and what it did for the andy williams show in 1962? well, my father said you re gonna put them on an i said yes, sir. i didn t want to, we needed names any way, he said they are the same ages that you and your brothers were when you first started singing together and you owe it to them, so put them on. i did. i figured it was one shot and they would be cute enough singing a barbershop song. i would say they were the same
the question is simply this, when someone gets money via an inheritance, lottery or wins at a casino, but doesn t work for it, do you believe that should be taxed at a lower rate than somebody who works 70 hours a week at a construction site? nor do i. nor did [ talking over each other ] i think you should pay taxes when you buy something not when you have made money whether it is a capital gain, i think we ought to encourage people to make . i understand when you become president you can do that. today we have a question that you asked. i want to make sure you and i understand one another. guy works on a construction site 70 hours a week to raise his family. did not get a million dollar inheritance, he pays 30%. you want the guy who sits back born the son of a rich guy, he should pay zero? guy on the construction
i m not so sure about that. things that democrats and people like me supporting were popular elements, tax cuts for middle class. trying to extend unemployment insurance. things republicans were asked for were the less popular things. i m not sure where the leverage lies. we are always trying to do what is best for the american people. i think borrowing 63 billion dollars from the chinese to give tax cuts to millionaires and billionaires is a nicening if we could afford to do it, but we can t. so i think there are elements of this thing that were unafford and unsustainable. also elements of the payroll tax, borrowed from social secure. i don t like that precedent either. i m not sure i buy the premise this was the best deal and even if it was, it wasn t good enough. mike: i understand the deficit, i don t think anybody likes them. you voted for the health care bill, that s a trillion dollars. you voted for stimulus, 787,