joining me from davos is daniel gros, the economics editor for yahoo! finance. plenty of rich people are around you at davos. are they going to hear what barack obama was saying? are they going to go along with him? >> in washington, we talk about the 1% and the 99%. i think this is the 0.1% of the 1% hee. they do have a lot to lose -- 1% here. they do have a lot to lose. it's not just a matter of that these people as individuals may be paying more taxes, but many of their businesses are unpopular. policy may be going against them, as well. >> davos does not make any decisions or anything, but how will they come out of this? do they get this fairness thing? >> i think they realize that they ignore it at their own peril. if you take the two big portions at davos -- europe. this is a european project. you have unemployment in spain and 20%. you have the u.k. with the austerity. the second driver is the u.s. and the issues they have. they are keeping a low profile here. i think they understand there something politically a foot and they are in a fair amount of poli