to find options within your budget. good luck young man. realtor.com to each their home. neil: elizabeth warren wants the kick around a wealth tax where the assets that rich people have would be taxed not just at the income rate. are you open to that? what do you think of that idea? because families like yours would pay for that. you know, i have to look at that, neil. i ve not looked at it. i think we have to address those kinds of disparities in wealth. then we have to more than anything, we have to rebuild the american middle class. part of that is getting away from the welfare economy and doing what china did, which is to build its power and project power by building its economy, the strength of a nation comes
of the pandemic, people like bill gates, mark zuck burg, bezos, and increased their wealth 30% during the pandemic and at that time from the lockdowns, amazon got to shut down all of its competitors. neil: so the lockdown actually perpetuated this class divide. you mentioned the wealthy and how they were affected. obviously, you come from a wealthy family, the kennedy family certainly was for a while among the richest in the world. now, elizabeth warren, senator from massachusetts, wants to kick around a wealth tax where the assets that rich people have would be taxed not just the income rate. are you open to that? what do you think of that idea? because families like yours would pay for that? i would have to look at that. i don t think a huge disparities in wealth are healthy for our country or for
same tax rates if not more than people that work for the living. people that have taxes taken out every week pay far higher tax rates than investors like us that pay far louer tax rates because we have these preferences. that s just not right. it s making the rich richer and huge numbers of people are struggling to get by. it s not good. neil: all right. so you obviously there s a difference between the rich and the half a million or 600,000 crowd at which the income rate of 37% kicks in. maybe guys like you and other millionaires. that is the distinction, right? yeah. we re looking at bills proposed by the president and by congressman jayapal to tax people at tens of millions at higher rates to tax people that have a thousand times the wealth of the median household should pay a small percentage of that in taxes.
and the american people benefit from a fair tax code. and that s really what closing the carry interest loophole is. there s a reason we call it a loophole. because it allows certain amounts of income to pay a tax code of half of what s some lower income people have to pay. so it s a gauge rate instead of an ordinary income rate. so this is about a revenue, creating a more fair tax code. and i am hopeful that sinema is making some noises here. but she has not dug in on this. because this is absolutely all wrong headed position. and i have had the bill for the last two conferences, to close the carry loophole in the house. and it isn t entrenched smoothly important thing to deliver for the american people. do you believe that it s just noises on her part and she will actually get behind it? or just the hope? what we ve seen so far is reporting, we haven t actually