of the money they earn. here s the bottom line. it is not their money and it is not their risk. they get to pay 20% on the equivalent of their wages. last i checked everyone else s taxes are taxed at a normal income tax rate. joining us is michael. can you just explain the significance of this loophole? we re talking real money, right? we re talking real money, erin. we re talking about a lot of money. i mean, this would basically double the tax that venture capitalists and private equity investors have to pay every year. you ve been right on this all along. it s inconsistent with current tax policy. so, yeah, i mean, these guys have gotten a big break. i don t blame them. i wish i could have figured out how to get that break. it s terrific. but now the republicans are saying we should change that law, and look at this, we ve got
some of these families when they move south and down size, what do they do? put their children through college or grad school. the money doesn t evaporate or disappear. real estate has always been in america there s been bubbles and bust, but it has always been for regular americans the only key to wealth creation. the only one. a pillar to wealth in america and now we can participate on that level, too. his issue seems to be partially on race. here s a script he wrote in 1989. let me just play that for the movie do the right thing. five brown stones in my neighborhood on my side of the street. yo, what you in a black neighborhood for? if you don t have gentrification, you end up with neighborhoods that are all one race which i think some people might think that s a good thing. that s the implicates if i case there. some people are more
but we knew when we were making this film and the series that it had to be about the emotional connections. is he an old softy? he s a big old softy. why do you think i fell in love with him? you know, you probably imagine mark burnett, tough guy, hollywood producer, kick ass, but i bet there s another side to him. we re all things, aren t we? that s what makes us we re all multidimensional. and it s all those parts of us that are he is. you wanted like a big revelation. he is. but i think he ll admit it. piers knows me. piers knows me. there are certain things that really set me off, both emotionally and and you re very kind. he s a very kind man, my husband. the thing that links you you ve both been shot at. you were shot at in the war. you were shot at when you were visiting your mother s grave as a young 11-year-old girl. extraordinary.
the last time i trusted you, we ended up with a son. spike lee s do the right thing, a movie as relevant today as when it came out 25 years ago. rosie perez got her big break in that film. her new book, author rosie perez, joins us and is in the chair. welcome to you. thank you for having me. it s an incredibly powerful book. and it s dwrraining it reading . never mind what it must be like for you to live this life in your early years. are you sort of surprised in a way you even survived all the endless forms of abuse that you went through? you know, i was surprised after i finished writing the book. i had always thought it wasn t a big deal, and that i had survived it and moved on. and as i got older, it started to dawn on me, oh, my goodness, i went through an extraordinary experience.
inconsistency in tax policy, it s not fair, it s a loophole. i think it s really encouraging though because you have the right wing, the republicans saying we re going to do something about it, we re going to close a tax loophole and we ll raise taxes on very rich people because we do have a significant deficit and we re printing money and it s time to act responsibly. michael far, we appreciate that. still to come, we re watching arizona where the governor is expected to make a major announcement at this hour about the religious freedom bill that we ve been talking about. we ll be there live. paula deen with a significant new investment. an announcement to make. is it a sign that america has forgiven her from using the n word. what prompted spike lee to go on this profanity ridden rant? get the [ bleep ] out of here. no, i can t do that. get the [ bleep ] out of here. i can t do that. nvestment