dictions in the world is the fact that john tandy lives in washington, d.c. is there any hope that democracy that republicans, democrats working together will get the job done at some point? i m the mole inside this awful place. in terms of them getting something done color me skeptical because for congress to do this, if it to flatten taxes is for congress to give away enormous amounts of power. they like taxes to be high so they can give out favors in terms of deductions. the problem is the incentives following politicians. the robots, why all of those protests could be back firing on the very workers they were supposed to help.
internet huge job destroyers created better jobs. i think robotics and automation will make businesses more profitable which means they can expand and create more jobs down the line. sabrina? only one hardware store left where i live i think because of big box stores. i like being able to get affordable goods. the fact is they do push out mall businesses. they are able to absorb the costs differently. and to john s point i am all for progress. if the government gets in the way and pushes up the minimum wage they are going to these low skill jobs are going to be lost because of government intervention. that is the point is that the folks striking they want to keep the workers in power and pay them more money.
if you made me dictator i would zero out the capital gains tax. there are no companies and no jobs without investment first. i cut the corporate tax. there is no reason to rob corporations of the successful future. i free up trade to specialize in the work we do best. good money is the path to major investment and trade and that is the path to prosperity. look at all of the capital in this country that is frozen. i mean, this country relies on capital to get things started. all of this money is sitting on the sidelines. corporations $1.5 trillion. private equity funds. they are not investing the capital. how do you get that capital working? here is what i m prepared to say about it and it will surprise some of you and our viewers. we have to leave the politics out of this at this point. whatever we have been doing we have to say it ain t working which means we have to try something else. i m not convinced as to what that something else should be. i know the first thought
okay? our economy is built around consumer. i. in terms of being self-indulgent hypocrites, there is no question that hollywood is pretty bad. but it s not as bad as politicians or media types. john, where do you stand on this? is dicaprio right or wrong? he has a point. i am a libertarian and my view is people should live as they want so long as they don t make others pay for their lifestyles. for me, far more corrosive to society is when a man is living well is when people live off of others, including corporate bail-outs or crony capitalism like solyndra or individuals taking the hand-out from government. that is much, much worse than someone living well and taking big fancy trips and things like that. steve, i like the idea of what emac and rich are getting at. there are terrible ills with big government. we have seen it with obamacare, et cetera. but that doesn t exclude the private sector entirely from the ills?
filing for bankruptcy. let me explain. when governments bail out businesses they rob the economy of recovery, because basically they are perpetuating failed business practices at the expense of good ones. the realities of g.m. had been allowed to go bankrupt, it wouldn t have been been banishe. let them go. if they re selling cars like gangbusters now shouldn t they give us the profits? we lent it to them. if we follow john s path, i similar not these with the argument we d be sympathize with the arguments we d screw shareholders. the dubious thing is putting the union people ahead of the bond holders. i hope that gets litigated in the future. mike, rich is saying grin and bear it. david, obama rigged this