what it s about in some ways. do you feel like the movement needs explaining or do you feel like it s doing all of its own expressing well well, i wouldn t presume to explain for other people who are doing things like powering their own electricity through bicycles, but i was puzzled by the reaction to occupy wall street. i was puzzled by people s puzzlement over it. because it seemed pretty simple to me that they were talking about a bunch of basic social contracts that have soured and have gone wrong and about an income inequality issue that kind of everybody knows that nobody talks about. uh-huh. and so i didn t seek to explain people who weren t doing a good job of it, but it just seemed to me like maybe if i said it in the form of many examples using cake, then maybe some people would get more relaxed about it. it made me realize that there is a that it is one thing to explain what it is that you want and it is another thing to explain why you re there. yeah. they
this income inequality issue which the president is trying to get at with the buffett rule, it s not going to take care of it all. but 80% of the revenue growth, of the growth in income went to the top 1% over the past 30 years. 80%. we are seeing a level of income disparity that we haven t seen since the gilded age. so this is what is going to be, i think, the nub of an issue about tax policy. what s the tax policy that s going to create jobs in america, and that s going to provide middle-class jobs here, rather than giving money to corporations, et cetera, where they can just take that extra money, or to capital gains investors and invest it somewhere else. quickly, within the primary, though, this general election argument, the flat tax plan for perry, is it a rescue line for him? well, you know, the history of this says that the flat taxes don t do well in the second or third look. because people get out the calculator. though i think a flattening of the tax code would be very
there s no real campaign behind cain. it s all cain. my guess is, they were trying to make a bit of an outlaw video, because again, the whole thing is anti-establishment. he had a kid with a video camera, he had a campaign manager with a little time to kill, often trouble. didn t help. the issue, too, before we button this part of it, up on taxes, governor granholm, is that you have a very clear distinction here. and the washington post wrote about it on wednesday, divergent paths within the republican party on how they want to handle tax policy. the headline this week, gop tax plans on divergent paths. at the moment, wrote although the republican candidates differ on the spebs of their plans, the frame of the argument against the current white house occupant is the same. obama maintains the rich are not paying their share of taxes. the gop counter wealthy americans along with everyone else is paying too much. what s bloated, they insist, is the government. there s the debate.
plans on divergent paths. at the moment, wrote although the republican candidates differ on the specifics of their plans, the frame of the argument against the current white house occupant is the same. obama maintains the rich are not paying their share of taxes. the gop counter wealthy americans along with everyone else is paying too much. what s bloated, they insist, is the government. there s the debate. so this, to me, is driving me absolutely crazy. this income inequality issue, which the president is trying to get at with the buffett rule, it s not going to take care of it all. but 80% of the revenue growth, of the growth in income went to the top 1% over the past 30 years. 80%. we are seeing a level of income disparity that we haven t seen since the gilded age. is so this is what is going to be, i think, the nub of an issue about tax policy. what s the tax policy that s going to create jobs in america, and that s going to provide middle-class jobs here, rather
he was, first, an outstanding political candidate. and i think he was grossly underappreciated by his own party and by the country as a politician. this was a guy who did things like no child left behind with ted kennedy. you can agree or disagree with the policy, but you don t see any that stuff happening now, do you? see, that s the guy that i sorry, can we say that we like? do you think we can still say that? makes you think about the income inequality issue and perhaps the counter to it. but, hey, who am i to say, i m fully dressed. good morning, everyone. i don t even know what that means. what are you talking about? with us today, pulitzer prize winner john meacham. so good to see you here.