three as we hear more news coming out from the fed and of course lou rockwell a great guest never misses his words he has a lot of things that much lauren and for us here on the news that's going to do it for now but for more on the stories we covered go to you tube dot com slash r.t. america or check out our website. u.s.a. and you should of course follow me on twitter you can find me at christine. you know how sometimes you see a story and it seems so for langley you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you thought you knew you don't know i'm sorry welcome to the big picture . if. me please. if. you. please. please. please please. please .

why buffett is pushing it a few times on the show and we've come to this topic this week with lou rockwell now some really appreciate it rains parts for example said lou gives insightful explanation of the buffett rule now some weren't buying it first let me play you a shortened version this is very condensed of mr rockwell's argument of why he believes the buffett rule is pro all apart and why he believes that's warren buffett's intention take a listen doesn't go after the warren buffet taxes which was the political game start and i'm not for doing that. there's no after that it goes after in the income tax of people making a million dollars with the people who are making a million dollars a year who are either very successful professionals but for the most part they're young businesspeople who are building their businesses starting to create something that might actually in a free market become a massive enterprise a great benefit. so a r r four g t r took issue and said to walk well go you make some intelligent points is peddling some snake oil of his own he says the buffett tax would c

warren buffett possible crony capitalist goals but what is really kind of the bigger picture here lou rockwell i want to bring him back any term in the ludvig bunny's institute and author of the left right in the states and the toronto before the break you were bringing up warren buffett a couple times i want to ask it cars the buffett rule overall and the fact that it won't really bring down the deficit or reduce the u.s. debt but it's really about politics well first of all. we always think of taxation as being a shorthand for wealth structure so if you want more wealth destruction in the economy i would say no but here's what the buffett rule is all about it benefits the all the gore people like warren buffett but crushing the rising young entrepreneur is that is the main purpose of the poker rule it's a class rule not against the busses but by the busses against people who would be there be their competitors all the guards tend to hate and fear anybody rising up they want to prevent it so it's that and then of course there's also way is a logical role for the obama administration in saying

about winning the election but changing the political discourse so what's next for his campaign lou rockwell is the chairman of the reeses institute and the author of the book the left the right at this stage and joins me now for more. welcome to the show luke so rob lowe ron paul backers are still as energized as ever about their candidate but at this point in the race it doesn't look like he's going to pull off the nomination but ron paul has said it isn't about winning. it is it's pretty unlikely although i would say not impossible there are some people who feel the run is more far more delegates than the official media are giving him credit for and of course if there were to be a brokered convention i agree that it's unlikely but not impossible though. who knows what could happen in. warren g. harding my favorite person of the twentieth century and it up even though he went into the republican convention way behind in delegates everybody liked him and because everybody liked him so much and he was such a dignified and pro liberty candidate sort of the ron paul of this time he ended up be

political discourse so what's next for his campaign more about that well i was joined earlier by a lou rockwell the chairman of the living god mrs institute and author of this book the left or right i first asked him about ron paul statement that the campaign isn't about winning here's a take. it is it's pretty unlikely although i would say not impossible that some people who feel that run is more far more delegates than the official media are giving him credit for and of course if there were to be a brokered convention i agree that it's unlikely but not impossible though. who knows what could happen in. warren g. harding my favorite person of the twentieth century and of even though he went into the republican convention way behind in delegates everybody liked him and because everybody liked him so much and he was such a dignified and pro liberty candidate by the way sort of the ron paul of this time he ended up being the nominee and winning by a huge margin one of the biggest margins ever in american history so this is an important but again i would argue the ron paul has as an a in a more fu

so a r r for g t r took issue and said lou rockwell though he makes an intelligent point is peddling some snake oil of his own he says the buffett tax would cap capital gains excuse me would tax capital gains to thirty percent or above a million dollars people making a million or more this year argues a year are not primarily small business owners they are primarily aggressive traders bankers c.e.o.'s so let me first say that i do think that mr brock oh raises an important question of which so-called super rich this tax this rule would really affect would it be the warm bits of the world or would it be small business owners now i'll try to get to that but i do want to try to clear out this capital gains issue and how the buffett rule deals with it so first here's warren buffett's original op ed work he called for this kind of a rule and he said i would raise rates immediately on taxable income in excess of a million dollars including of course dividends and capital gains so he says put them all in there just to be just to be clear on his public statements at least now the version of

parse for example said lou gives insightful explanation of the buffett rule now some weren't buying at first let me play you a shortened version this is very condensed of mr rockwell's argument of why he believes the buffett rule is pro all of dark and why he believes that's warren buffett's intention take a listen doesn't go after warren buffett taxes which is the capital gains tax and i'm not for doing that. there's no after that it goes after in the income tax of people making a million dollars when the people who are making a million dollars a year are either very successful professionals but for the most part they're young businesspeople who are building their businesses starting to create something that might actually in a free market become a massive enterprise and of great benefit. so a r r four g t r took issue and said the rock although he makes an intelligent points is peddling some snake oil of his own he says the buffett tax would cap capital gains tax because he would tax capital gains to thirty percent for above a million dollars people making a million or more this year argues a year are not primarily small business owners they are primarily aggressi