facebook. >> and maybe the senator should be spending less time punishing people who want to leave the country and find out exactly why so many of the well-to-do want to leave this country. charles payne, dagen mcscowcsco. >> in this particular case, i can tell you the saverin guy, i think anybody who gives up u.s. citizenship is nuts. and he came from brazil sort of like wham, bam, thank you, ma'am, and-- >> probably think there's a better way to frame it than-- >> he's in singapore. >> graphic. >> i think his reputation it singapore-- >> and it doesn't make the headlines because there's an always a billionaire poster child, but the real people,

americans are getting hammered in the legislation that he's proposing. if you have an average income tax liability. 148,000 the last five years they assume they're leaving because you don't want to pay taxes. the definition of rich has been coming down all week long and i'm telling you the things that we see is masking the fact there's a giant tax money grab by people like schumer. >> but, charles, but a tax liability of $150,000, that's a lot of money. that means somebody's earning-- >> you're not a millionaire, we're coming do unfrom a millionaire, maryland 100,000. >> and president obama defines millionaires and billionaires, families of four or five in long island that make $250,000. that's a millionaire and billionaire according to president obama. the thing with saverin, i used to cover new york state, budget and politics, mario cuomo would send the head of the tax department in new jersey, taking down the

license plate and sales tax and-- >> that what gives our people a bad reputation right there. writing down license plates. >> dagen, what do you make of this? >> i think that it says a lot, one individual about the futures of taxes in in country and we ought to be worried about it broadly speaking and i'm talking about just tax, our tax rates going up. end of the year, the bush tax cuts expire and capital gains tax rates go up to 20% from 15%, and the dividend taxes, you talk about income taxes if nothing is done about it. why wouldn't you? and he says it wasn't for tax reasons, why wouldn't you try and lock in those gains at a lower rate? >> well, i'm not dissing the fact that saverin appears to be an ungrateful s-o-b. but charles, your point before you do the wham bam, thank you ma'am. what worries me, we should look at why we see this a lot.

why we see a lot of successful people either leaving this country, or in the case of businesses keeping their cash off shore, far from this country. we know the tax implications, but we also hear from others who say the rules, regulations pain in the ass and all that, and i was in switzerland not so long ago you would think it's all wall street. it's all americans who used to work here that have gone there. i don't think they like it for the yodeling and chocolate, they've been given an opportunity and an unencumbered, an unfettered environment that suits them. that's all. >> and what's in this country, we've seen it. look how many people have left california and this week, governor brown wants to leave again, and the productive people have left and-- >> and it's a valid point, adam, because, from 2005, 2009, 850,000 people, productive, smart, and

replaced by immigrants with low skills and babies, how can you grow an economy undefinitely like that? >> well, first of all, it's not a big problem with wealthy people leaving the united states. it was fewer than 2000 last year. >> i think we're all, i think-- i think we're all agreed that saverin is, this is sort of disgusting behavior that america gave him in this opportunity and now he goes. i don't think that disgusting is the right word. to are people to earn their livelihood, and you know what, i don't want to contribute-- >> you're missing the bigger point. saverin can leave the u.s. because he's rich, other people can't. and vote with their feet and move out of the state because mario cuomo is taking down the license number and moving out of california and jerry brown is raising taxes and-- moving to texas. >> and those are real--

>> i want to add, it's not just the people who are leaving this country, it's the attitude and action of those who are here that will keep people out of the u.s. people have choices where other places start businesses. >> neil: something you said, you equate it, it seems to he moo, patriotism with paying a lot to the government. that's twisted. that's twisted. >> no, i don't-- >> leave saverin out of it. leave saverin out of it. >> yeah. >> neil: you're equating patriotism and showing gratitude to the country with obviously paying more than 35% because that isn't cutting it so you're defining patriotism by levels and grades, i guess at that equates to the percentage you're giving to the government. >> i'm absolutely equating patriotism with paying your taxes. now, as to how much that's a different discussion. >> but that is the discussion that the most productive members of our society can and

as their patriotic duty should pay more taxes. >> we've had a progressive tax rate for a long time. >> it's still progressive. the progressiveness did not go an i way. we still have the top tax rate that's higher than all of those other rates. i mean, so, so, and you are equating -- you've been lucky in this country so pay more to this country. >> like you owe the country, don't they, and for creating jobs? >> i'm not saying they should get a pass, not what i'm saying, i'm just saying that what is the statutory limit on morally doing your part? it's not 35%, and talking about saverin going off singapore is a long idea and a lot of things are legal in accepting pour, clean, very clean, don't chew gum. but i'm saying what is the limit on that, you know? >> i have no idea what exactly

the right number is among the states and our federal system. we almost have a capitalist competition going on, charles, if you want to make this between nevada and california, fine. and people vote in nevada. guess what, a lot of people are in california and creating wealth. both in silicon valley and-- >> i don't worry about the people staying here, i worry about us driving people away, who want to em great here and saverin still has to pay an exit tax on that money. >> and charles made the best point we've glossed over. >> neil: glossed over. >> i love this guy, but anyway, we are losing immigrants that create jobs and we are accepting, and i'm the son of immigrants, and say, if it weren't, i wouldn't be here. >> neil: kind of makes you think, doesn't it (laughter) there's one argument against it. the innovators are leaving here and we have a lot of well

father-- >> you're making, there's no facts to back up your point here. there are innovators still here. >> and let me make a point quick, you cannot have open borders in a welfare state and i didn't make that comment up. >> neil: all right. we're going to take a quick break and this is where we leave you with a pregnant pause. up next -- [cheers] >> now, if you're listening to the government, falling gas prices mean no inflation and shoppers should be going wild. why aren't they? maybe because they know inflation is here big time. we don't have a word for retirement.

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only at the sleep number store, where queen mattresses start at just $699. >> and we're live from america's news headquarters. i'm jamie colby. there's breaking new details on three men who are now held for conspiracy to commit terrorism ahead of the n.a.t.o. summit in chicago. the suspects arrested in a raid after a month long

investigation and they'll face a bond hearing today. they're charged with trying to make molotov cocktails and the security throughout that city is tight and so far the protests have been peaceful. and president obama arrives there tonight. >> and failure to launch unfortunately, the spacex falcon rocket roaring to life this morning and then less than a second to blah blast off aborting. to replying the international space station and nasa looking to private sector companies to do that job after the end of the u.s. shuttle program. i'm jamie colby, i'll send you back to cavuto on business. keep is here all day on fox. >> well, the government is saying that inflation is tame, but our shoppers say that's lame. the government is reporting consumer prices flat in april and checked we're told by drop in prices at the pump. what about prices for food and clothing? way, way up. the reason that retail sales

got into a halt last month and why fewer families plan on flying next memorial day weekend and everyone is going to walk over to charles payne house, we wonder, if charles payne ready. >> first come, first served. >> neil: i get the wings first. >> can you see how the government thinks it out. replacing a product. and i know you're probably accustomed to porterhouse, let's say from 30 to 50, you can move down to flank steak. >> neil: and more pigs in a blanket. if the flanks don't work, alpo. as long as it's the same price, inflation hasn't moved. >> neil: and computer items and things like that static. >> and the ppi and cpi. we've been debating this whether the ppi and cpi actually represent-- >> and by the way the-- >> retail and wholesale inflation. >> you can do a lot of things with low inflation. i mean, i really think one of

these sort of the most undercover stories is the media is obsessed whether jamie dimon lost money or not. how much he lost. it's a good story. >> it's a good story, but you know, think about how many average people that affects. what we have here is obviously inflation, involving commodity prices, and that's a huge tax on working class americans. we have economic policies that have failed for four years straight. yet, you don't read that on the front page of the new york times and this is sort of-- this is a public story how the middle class in this country is getting shafted by a guy who came in and said he would support the working class. >> the only reason it's not worse than it is, gas prices have been coming down, but north of $3.70 a gallon. >> neil: much higher than when he came in. >> and the biggest issue are interest rates. because the world looks so lousy our interest rates, this last week, the 10-year fell, the yield on 10-yooer treasury fell to a record low.

aen it was a-- it was below 170. >> and think about how that hurts average people. average people don't want to be rolling the dice in the stock market. they would like to put their money in a riskless investment, in the bank, a money market fund. >> no, no, no. >> zero from that. >> on the flip side of that, you could refinance, into a mortgage at a record low rate. >> if, if, if you can get. >> if you can get financing. >> and charlie-- >> if i have pristine credit, and tell me. >> you can refinance. >> it was hard and guarantee-- >> it's hard-- >> and should not have been hard for you to finance. >> it's nothing to do with your financial. >> the minute you walk into the door-- >>, but adam, adam to the point about this infla -- inflation, it does serve ben bernanke's argument that you can keep rates low, you can ignore all of this threat of inflation, because there is no

inflation so, it's a self-fulfilling sort of fantasy, isn't it? >> well, maybe, but it's not-- i don't think that anyone is saying there's inflation isn't the biggest concern right now. >> the federal reserve just did, just dismissed it. it's like-- come out and it's like, no, what are you, are you looking at something we're not? i felt like saying, yeah, the grocery store. >> you talk about glossing things over, i mean, charlie says that the president has shafted the working class, however, it was, aen they've put in food prices going up. >> these people got shafted a long time ago. softed in the housing bubble, for example. that's a whole other issue. >> aen we had a housing market. we had government incentives to put people on houses, but. >> agreed. >> a quick question. >> and do we have inflation involving food right now? >> there's no debate that we do. and one of the reasons we do. let me make the point.

you can-- one of the reasons we do, 0% interest rates. and one of the reason we have 0% interest rates, ben bernanke is saying this economic recovery under obamanomics is not working. >> and other reasons for high commodities, other reasons for high commodities prices that are macroeconomic that doesn't have-- >> we have 0% interest rates. >> government subsidies, you can talk about corn. >> the day of reckoning is coming, i don't care if you're liberal or conservative, the day of reckoning where inflation you say doesn't exist, is going to hit us hard, aen i don't know when, but snap. >> i agree. >> and when that happens. >> it always happens. thank you very much. and americans are seeing their unemployment benefits are running out and the forbes gang is saying that could actually be a good thing for the jobs market. they're going to explain. and that's coming up at the bottom of the hour.

up next, a new pro obama ad painting mitt romney as a job die destroyer, and some are saying that president bm is doing the same thing withour taxpayer money. we report, you decide. every time a local business opens its doors or creates another laptop bag or hires another employee, it's not just good for business, it's good for the entire community. at bank of america, we know the impact that local businesses have on communities. that's why we extended $6.4 billion in needit to small businesses across the country last year. because the more we help them, the more we help make opportunity possible.

>> coming up. mitt is hearing it. a new campaign attacking him as a job destroyer when he's in the private sector criti

>> as i look around at the millions of americans without work, it breaks my heart. >> bain capital sought elimination of the pension plan and termination of employee and retiree leave

insurance and health insurance. >> i was devastated. makes me angry. >> i find it incredible that the obama campaign would put out an ad such as this when they caused the suffering for so many delphi salaried employees, 20,000 of them who lost their pension. >> that was part of of my chat with a retired delphi worker called chuck cunningham, calling out the obama administration and gm, and destroying his pension benefits. exactly what the obama campaign is attacking mitt romney for doing and advocating. charles payne, what do you think? >> listen, this campaign against mitt romney to me i find fascinating. what his role was at bain capital. come in and sort of like a surgeon, a soldier in a battlefield gets shot or something, you may have to, right, may have to take a leg, an arm to save the patient. and that's what they did with these businesses, they don't

talk about staples, a yoo i had that ended up hiring, 80, 100,000 people, and families in homes and sent the kids to college. no comparison. does it appear that the president has a problem with the business of private equity since one of the funders of blackstone, had a fundraiser. >> mitt romney is fine from money who made money the same way that mitt romney did. and i know tony stone, and the other half the blackstone, big part, prime partner there, he is a republican, tony james is a democratic side, and every firm does this, but we should point out how ludicrous this ad is. if you think about it, we are a he talking 1994, 1993. what was going on? they were dying, u.s. steel companies were getting killed by foreign competition in such an i with a that those guys, whether mitt romney was there, or whether federal government

bailed them out. they were going to lose their jobs. >> the steel trade and-- >> right, and at least, at least, they tried to perform triage and save them and that's how dumb this is, and another failing of the liberal media. this will refuse to put it to the truth test. >> neil: adam, do you find it odd, all right, if you're going to criticize what he did at bain capital with private can't capital with his capital, risking his money, the firm's money gets pill loried, but not the administration, essentially doing the exact same thing, but with tax dollars. >> very different situation, actually. i hate this ad. >> neil: very different, a lot more money. >> no, very different because the bain was trying it make an investment to make money. the government was trying to make an investment to save-- >> no, no, wait a minute. and called in to save a lot of the enterprises and-- >> wait, wait. >> so now we're criticizing bain for doing what it did

with bankruptcy for a lot of the institutions. but know the white house for doing the exact same they think with the auto bailouts when it said ahead of time. it wouldn't do that, when it did. >> to be clear, i'm not criticizing either of them and i wish that we wouldn't. i see it as poplist and good policy/bad policy. >> neil: my thank charlie and dagen. and more had a than half of americans say they aren't feeling secure. my gang says they could feel more secure with these picks. take away the pixie dust. take away the singing animals, and the storybook narrator... [ man ] you're left with more electric trucks. more recycled shipping materials... and a growing number of lower emissions planes... which still makes for a pretty enchanted tale. ♪ la la la [ man ] whoops, forgot one... [ male announcer ] sustainable solutions. fedex. solutions that matter.

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broadmarket. >> that is assuming the broadmarket is going to do well, isn't it? >> they have exxon and mobile and chevron and microsoft. it is relatively safe. >> are you looking in a down tower. 12-13 and keep going >> i think it is a bit of a bounce. >> european central bank. good luck. and thanks everybody. we have david asbin on forbes on fox. the network for business. >> hundreds of thousands of americans are losing their extended jobless benefits and some on forbes say that is a great news to the job market. that is on the flip side. here is steve forbes and rich, and victoria and rick and elizabeth. and so rich, why is it good that jobless