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Detailed text transcripts for TV channel - FOXNEWS - 20140114:23:11:00

woods make $78 million? it doesn t bother me. whether it s a ceo or a golf star, that s how capitalism rewards and punishes. some people are better, smarter, harder working, or luckier than others. there will always be income inequality, in the literal sense, unless everyone earns equal incomes, and i don t think most people would want to see that. they warn of the growing income gap. in 2012, the top 1% saw their income raise 20%, while the bottom 99% saw their incomes rise by only a percent. what we have seen in the recovery is higher income folks have benefitted more. nobody in america is poor just because someone else is rich. consider if you were to double everyone s income in america, you would do great things for the poor, but you would also increase inequality. numerous studies show the greatest predictor of poverty is not income inequality.

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