that is 30 cent jump from one month ago. that is the biggest monthly jump in 7 years. also it breaks the record for labor day gas prices that was set back in 2008. joining us now. dominic, a financial advisor and president of diversionfied financial consultants. just to add to a long list of records being broken, some areas reporting a double-digit it price increase overnight. here is my question for you before we talk about the causes. why do the prices go up so quickly and then come down so slowly? one of the major reasons is what happened with isaac and hurricane. these refineries, we 5/6 significant number of refineries in the gulf coast. these are pretty easy to shut down. they are prepared for the storms. they shut them down pretty
victims in the system. 60% of them say, our system is basically fair. how to grow the economy they didn t talk about fairness. they talked about opportunity. when the president of the united states or any politician equates spreading the wealth around with fairness that is fundamentally at odds with what most americans think. even democrats think it s progressive though still argue taxes on the wealthy have to go up. we 5/6 country that is aging. we have a deficit problems going forward. there is going in the coming years there will be pressure to bring the taxes off the bottom where they are now. few dispute that it s progressive or the wealthy pay what many see a fair share. one recent poll asked what the maximum tax rate should be. 75% of them said, 30% or below. current top rates are 35% and president wants to raise them to almost 40.