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.
Say. 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 $50,070,000 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. 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 pa beto is saying too much of the taxes. even at the advanced age of the three 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.
Pete: maybe they are learning from you. do we need more business owners to go on the offensive on capitalism? it s a good thing? yes. that s exactly what we should be doing. at the moment business is under attack. wealth is under attack. tax it, take it away from them. confiscate it. i don t agree with that at all. we should come out more forcefully and say we can do more good with our money than the government can do. ainsley: what percentage of money would you like to see taken out of our paychecks? to pay for our schools. what why like? ainsley: we have to give some we have to do schools and bridges. if you losing 50%. 1% loses more than 50%. that s wrong, absolutely wrong. no government should ever take more than half of any person s income. what would i be satisfied with? [laughter] steve: 2%. no, no. no. be reasonable. the government has to be funded and wealthy people should pay more than poor people. i got that not a problem. the limit should be about one third.