i don t know at what level of taxation we would have to go to satisfy the moral sensibilities of people like president obama and vice president biden. but that seems to be the question. bill: they say because the iniquities of the system, where the rich live la visually but 50% of americans don t pay much or any income tax live very modestly. that should be corrected. that should be corrected by the government. they want to correct it not by the marketplace. the government should correct that. that s what it is all about. i think most americans accept the idea that as you climb the income scale and you have more disposable income, money that you don t need simply to live on, that you should pay a larger share of income taxes. but what has happened paradoxically since 1980, when this tax cutting began under president reagan and continued off and on through president bush. now the rates are being held in place even under president obama, is that the share of
i don t know at what level of taxation we would have to go to satisfy the moral sensibilities of people like president obama and vice president biden. but that seems to be the question. bill: they say because the iniquities of the system, where the rich live la visually but 50% of americans don t pay much or any income tax live very modestly. that should be corrected. that should be corrected by the government. they want to correct it not by the marketplace. the government should correct that. that s what it is all about. i think most americans accept the idea that as you climb the income scale and you have more disposable income, money that you don t need simply to live on, that you should pay a larger share of income taxes. but what has happened paradoxically since 1980, when this tax cutting began under president reagan and continued off and on through president bush. now the rates are being held in place even under president obama, is that the share of
i don t know at what level of taxation we would have to go to satisfy the moral sensibilities of people like president obama and vice president biden. but that seems to be the question. bill: they say because the iniquities of the system, where the rich live la visually but 50% of americans don t pay much or any income tax live very modestly. that should be corrected. that should be corrected by the government. they want to correct it not by the marketplace. the government should correct that. that s what it is all about. i think most americans accept the idea that as you climb the income scale and you have more disposable income, money that you don t need simply to live on, that you should pay a larger share of income taxes. but what has happened paradoxically since 1980, when this tax cutting began under president reagan and continued off and on through president bush. now the rates are being held in place even under president obama, is that the share of