computers. average investor morgan stanley would make money from, the average investor is out of this market. neil: i m surprised for five or six trading days they were up and say what you will who is participating, that all these scare about these higher investment rates and taxes? that may come at some point but the market is reacting for the last i would say four years on basically on one standard, the federal reserve printing money. as long as the federal reserve prints money and keeps short term rates at zero, printing money going out doing their qe-2 3 and hshg, when they buy bonds it pushes down rates on the long end and short end. you want to buy a bond, ten-year bond yields almost nothing. so it forces investors into
thing. no one is talking about changing behavior. we are talking about short-answers that will not touch the 16 trillion. no, to bring concessions out of barack obama. the sequester and spending cuts that no one wants to happen 2013. bring them . bring on the defense and social program cuts and you tellux barack obama what you will do to prevent that from january 1st. brian: putting the pressure back on the white house. that is the only leverage point. he doesn t want to cut discretionary spending by hundred billion this year. brian: james, the key to the whole thing is to preserve investment rates, because if it stays at 15 percent that s where it should be. that s what mr. boehner is aiming for. if dividend go from 15 to 20,
table everything for a year. all . spending cut bush rates for a year . that might prove easier said than done. all of them expire at the exact same moment and say nothing of the host of investment rates . i might point out a lot of individuals must be getting wind of this. they have with drawn a bit of money from the mutual fund and from the stock market in the relevant safety of money markets just in case something bad hans and even those who run aggressive mutual funds are doing the same just to gird for the storm. one last point to point out. j.p. morgan jamie dimond is worried about that cliff and put millions set aside for the sceniario. and there is worry out there .
keep investment rates low which he did and that brought a economic bomb. i find it being that that woom drin by seed money and tendure firms . they make yourself very rich about it. and i also think that mitt romney missed a gold know money. i have risked private money. it is not public taxpayer money. it is in my career and were financed to benefit many.
wage money and so he s paying a rate that s around 15% where as the top income tax rate, what lebron james or others who make a lot of money pay is closer to 35. some people s eyes glaze over, i m among them, when it comes to defining what taxes are. but clearly, a 15% tax rate is lower than a lot of middle income people pay. so why is there this disparity? basically, nobody s suggesting there s anything illegal here. it s the way the system is set up. the way the tax code is set up, it really preferences investment, so the top investment rates, if you re making hundreds of millions or billioning a year, you pay at a top rate of 15% where as athlet athletes, actors are paying the