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fair share, that s already happening. what the president is doing here is getting at something else, which is very common in latin america, equality. he wants everybody to be equal. he thinks that that s a resounding message to the american voter. i don t think it is. james? well, just to clarify, this is not what ronald reagan was calling for. thank you. amazing this week the white house using the 1986 tax reform as somehow connecting it to the buffet rule. the 86 tax reform under reagan was cutting rates, lower deductions, simplifying taxes. what president obama is proposing here, no elimination of deductions, no simplification, no rate cuts, increasing taxes on capital gains. it s really the exact opposite. i think you have to wonder, good policy, is it a growth strategy to say we are going to tax equity investment more? in your judgment, is it good economic policy? it can t be.

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