Transcripts for MSNBC The Last Word With Lawrence ODonnell 2

Transcripts for MSNBC The Last Word With Lawrence ODonnell 20211029 05:02:00

through salary. they are going to get hit. but the investment banker class, and others who managed to get their income in something other than direct salary income, they may find ways around this. >> right, the people who still have -- are sitting on billions of dollars in assets, and report that each year they made like 40 grand. because that's all they want to pay taxes. on those people will always find ways around -- at least so far they have not been captured by these efforts to actually raise taxes for people have the most money in the country. but yes, also if you only tried to text billionaires, you are aiming at, what is it, six or 700 people? or if you're trying to tax people who have $10 million in income in a year, it's a significantly larger group, which potentially gives them more lobbying power, but it also means it's a much bigger target. >> it is a bigger target, but the billionaires, they were having a good night last night.

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