nothing. they want to expand what s covered and expand the number of people who are covered. those of you on medicare, you will get whacked. what else does that bill do? it funds the green new deal. retrofitting buildings, subsidizing solar, wind, environmental justice and environmental equity, whatever the hell that means, electric government vehicles, tax so called methane. that might be a problem for certain members of congress. carbon dioxide production, tax it. what are they going after? meat, fossil fuels and so forth. they want to subsidize low-income housing. gee, that s never been tried before. they want to create sustainable housing. public transportation, boy, if that s no t a black hole, i don t know what is. rental assistance, federal zoning, suburbs, they are targeting you in this bill. they want to indock tri nate
i can t borrow it, i can t tax it, i can t get a tax bill of any kind. doctor martin luther king junior characterised our report this way. he said it is a physician s diagnosis and prediction of death with a prescription for life ~ well, through inaction and opposition, too, of course it seems america, for about 50 years has chosen death rather than life. all: black lives matter! but i think now with these terrible police killings and the all of the demonstrations and protests that have occurred as a result, there is a change in public opinion and people are opting for life.
market cap. risk taking is what differentiates us from europe. i ll tell you what entrepreneur in silicon valley is, they have preschool, education, healthcare. we want the same opportunity for every american to go start businesses, so they can take risks. i think this will unleash our productive capability. charles: by taxing some progressives are talking about taxing, increasing in stock portfolios. if it goes up, tax it. barriers that will stop entrepreneurship. i m not sure how this will help entrepreneurship or even help investments in general when you re taxing every single tick to up the side, you re taking money away. even when people don t cash in. charles, i represent silicon valley. a lot of entrepreneurship is behind this bill. it doesn t tax unrealized capital gains. that s not in the bill. here s what it does.
no federal agency, no government agency, had ever used the word racism and we said, well, that is what it is and i think it is important to say that because, for a lot of young black kids in the country, we want to say, you are not crazy. this system is sort of rigged against you. the kerner commission made a very exhaustive study and spent a couple of million dollars but they recommended that i spend 80 million and i ve got no place to get the 80. i can t borrow it, can t tax it, i can t get a tax bill of any kind.
that actually kind of given up trying to argue that point. but their answer for everything is to tax it. if it moves, tax it. if it doesn t, tax it. i do think it is appropriate to acknowledge that taxes will go up. for people making between $50,000 and $70,000 a year, the taxes will go up about $5,000. we should look at what germany, france, and sweet and still, which is a value added tax. billionaires are making money off of their accumulated wealth. we need a wealth tax. sometimes i think that senator warren is more focused on being punitive. laura: you know it s bad when even beto is saying too much of the taxes. even at the advanced age of the chthree top candidates, at times it felt like last night you were watching a bunch of 19-year-olds dilettante sitting around the common area shooting the bull about stuff they just read the night before, so cutting edge.