proposals for huge increases in income tax, estate tax, social security tax, wealth tax. huge increases. that s bottom line socialism. then came the demand for medicare for all, which is a form of socialism because you are going to get rid of 150 million americans private health insurance. then comes the green new deal. which is radical environmental socialism. we re on that march further and further to the left. until you end up where corey, senator booker is right there which is really hard to take. i mean, he obviously believes that the world is going to come to an end in 12 years time as alexandria ocasio-cortez insists. he agrees with her. therefore, we must take this drastic action of revolutionizing our entire society. i don t think he can sell that. jedediah: it all sounds really good. guarantees for everyone. it appeals to a lot of the people saying oh, wait, they are looking out for me.
everybody gets a chance to play. sean: excuse me. a lot of people risk a lot of money to start businesses.. no help necessarily. they create goods and services that people want, need, and desire, and they either buy it or they don t play that has created a standard of living that is the envy of the world. while the unimaginable in most places on this earth. now warren is proposing, let s talk about stealing a brand-new wealth tax. if y you manage to save any mony come after you play your federal income taxes, your state income taxes, social security tax, medicare tax, sales tax, city income tax, then senator warren come after you pay all of that, and you saved a little bit, she wants to come back again and tae more. that would be a government license to steal, senator. and by the way, after you die,ts the federal government wants half of what you say you pay to die in america. isn t that great? state like new york take 10% of
sean: excuse me, a lot of people risk money to start businesses. no hope to succeed. they create goods and services that people want and need. they either buy it or they don t. that s created a standard of living that is the envy of the world. unimaginable in most places on this earth. warren is proposing a brand new wealth tax. if you manage to save any money after you pay your federal and state income taxes and social security tax and property tax, senator warren wants to come back and take more. that would be a government license to steal, senator. by the way, then when you die, the federal government wants half of what you saved. you pay to die in america. states like new york take 10% of
this. neil: and all of the people in favor of assets, could be north of 25 to 50 billion dollars, a moving target depending on the candidate, where do you stand on that. i think we need a more fair distribution of the responsibilities which will mean some people who are extraordinarily wealthy may have to make a greater contribution. honestly, i would take a look at where we are on social security. this is the most successful social insurance program in the history of the world. there is a tax element to that in terms of social security tax. if we re going to open the door right now on tax policy, i think our first obligation is to take whatever steps are necessary to stabilize the social security. that s going to take a conversation about the revenue side of the question, i d prefer to start there. neil: you know, congressman, a lot of rich folks and not so
less, 100% of your earnings will be subject to the social security tax. anything you make above that amount will not be subject to the tax. why not lift the cap completely? wouldn t this solve the problem? of course. why wouldn t they? you don t want to raise taxes on people. but of course people making above that level have the ability to continue to pay that social security tax for the rest of the year. there are plenty of us who see that come out of there, you know, taxes as the year goes on. it s a nice bump you get. if you re serious about protecting social security long term, making sure people have that safety net, it makes no sense to have that cap. you have to lift that cap to make the program long-term sustainable. listen, entitlement reform is something that needs to be addressed. like we got to worry about it for our kids. of course. this is a problem. but i want to talk about the branding. because i hear republicans talk about entitlements like they re