and if you would rather escape the world let me take you to the globe's biggest book fair and frank rich. welcome to do business asia want to get jones of berlin good to have you with us she away has posted an increase in sales despite u.s. sanctions targeting its smartphone and 5 g. businesses that were up around 24 percent during the 1st 9 months of $29000.00 compared to a year ago the white house added the chinese company to a trade blacklist in may however shipments of its smartphones have risen by more than a quarter this year norway has been developing its own software and hardware to reduce its reliance on the u.s. . your way is a leader in 5 g. technology and 5 g. is going to revolutionize business while at least that's the sales pitch some european governments and business lobbies have been using but it's also tailor made for states of aliens. this camera is one of more than $1009.00 the streets of the serbian capital belgrade the 5 g. software which connects them is able to identify and track individuals local authorities argue the system created by chinese telecommunications g

rich often arguing this they don't pay their fair share. the problem iso e can agree on exactly how much wealth americans pay in taxes. robert frankeough the numbers. >> the tax headlin this week were about how the rich pay lower tax rates than the rest of america. articles andw op-eds "rk times" and "washington post" and other publications said the first time in over 10 oh years the richest 400 americans paid only 23% of the income in taxes. while the bottom half of americs paid 24%. the research is from a new book by manuel sayes and gablert zukman university of california berkeley advising elizabeth warren and bernie sanders and wealth. tax the economists looked at estimated taxes paid for that including state, federal, stating with payroll, local and property taxes and thenhe calculatedotal of those taxes as a share of people's income. the numbers are proof they say the rich should be taxedore. but oth economists say their findings may be misleading. the econo dsts not for instance include the earned income tax credit and other transfers that help lower earnersen and since the tax rates for the richest 400 amerans are not avail

rich often arguing this they don't pay their fair share. the proem is no one can agree on exactly how much wealth americans pay in taxes. robert frankegh the numbers. >> the tax headlines this week were about how the rich pay lower tax rates than the rest of america. articles and op-eds "new york times" and "washington post" and other publications said the first time in over 10 oh o year the richest 400 americans paid only 2 of the income in taxes. while the bottom half of americans paid 24%. the rearch is from a new book by manuel sayes and gler zukman at university of california berkeley advising elizabeth warren and bernie sanders and wealth taxes. the economists looked at estimated taxes paid f that including state, federal, stating with payroll, local and property taxes and then calculated the total of those taxes as a share of people's income. the numbers are proof they say the rich should be taxed more. but other economists say their findings may be misleadi. the economiststh did not for instance include the earned income tax credit and other transfers that hel lower earnersen and since the tax rates for the richest 400 americ

ukraine from the united states and europe some of them let's be quite frank about carpetbaggers who went in in order to make themselves rich because they're the opportunities to do so and this. you know corrupt it has a salary but what happens when corrupt what's happened also here is that because of this commercial in financial corruption it delves very easily into political corruption because ukraine is the epicenter of so much of what we call russia gate which by the way russia gave there's not much russia in russia gate but there's a lot of ukraine in ukraine gate. and we're going to be a mother we had great people paul martin for good point you know when we crossed arad scandalous articles about him in the washington post by and have a warm august basically they all forgot to mention that he didn't do anything in russia he did everything he knew graeme and so did the d n c and he was i'm sorrier but at least he walked on his specialty he was a political consultant he got millions for that but the bidens look millions for something he didn't understand here showing him because his father's name but he was his father so

ukraine from the united states and europe some of the let's be quite frank about carpetbaggers who went in in order to make themselves rich because they're the opportunities to do so and this. you know corrupt it has a salad out but what happens when corrupt what what's happened also here is that because of this commercial in financial corruption it delves very easily into political corruption because ukraine is the epicenter of so much of what we call russia gate which by the way russia gave there's not much russia in russia gate but there's a lot of ukraine in ukraine gate. and we're going to be a mother we had great people paul martin for good point you know when we 1st arrived scandalous articles about him in the washington post by and have a warm august basically they all forgot to mention that he didn't do anything in russia he did everything he knew green and so did the d n c and he was i'm sorrier but at least he walked on his specialty he was a political consultant he got millions for that but the biden's millions for something he didn't understand me actually mean because it was father's day but he was his fathe

elizabeth warren would argue the super rich robert frank brings you the real numbers. >>> coming up at former whithoe use strategist steve bannon is our guest. "squawk box" will be right back. ♪ i got that vibe, got that vibe ♪ ♪ got that vibe, yeah, i ain't petty, ♪ ♪ looking fly, looking fly, ♪ ♪ looking fly, yeah, they ain't ready. ♪ ♪ i can shine, i can shine, ♪ ♪ i can shine. ♪ i'mma do what i'm made to do. ♪ ♪ i'mma do what i'm made to do. ♪ built for excellence. you start from the foundation up. the excellence is reaching dreams and chasing them at the same time. ♪ chasing them at the same time. tell him we're flexible. don't worry. my dutch is ok. just ok? tell him we need this merger. it's happening..! just ok is not ok. especially when it comes to your network. at&t is america's best wireless network according to america's biggest test. now with 5g evolution. the first step to 5g. more for your thing. that's our thing. >>> skbloerm togeneral motors ig united auto workers to around the clock bargaining today is the 26th day of the work stoppage. that's the longest in quite a w

of the season out he had a had a problem how could frank that record their impressive previous campaign back then he could rely on to read it ok you rich and sebastian are left the attacking trio alone scored 41 of frankfurt's 68 goals but up to 3 departed other some a pitcher still managed to find a solution now he has a nice truck force and under silva. and bustos. and at least one of them has always scored in the last 6 matches one friday frankfurt welcomes leverkusen with silva suffering a last minute minor injury has just started with a center forward you are in past. and dosed. this season frankfurt speed and dynamism has largely shifted out white with phillip cost issues and danny de costa menacing their opponents on the flanks and then sending defense beating balls into the center purses strikers often just need to make it into the penalty area to get on the end of a cross. the cost as most of all through both set up a c.n.c. after the early opener inside 4 minutes the portuguese international joined frankfurt last season from porsche and. already proven he's got a nose for golf. i think it was a good situation to play the ball

rich? that's the question on the table. we'll get adam neumann to weigh in we'll get robert frank to join us with his preview of that story. alth there to tax. the top tax rate for the rich used to be over 90%. now one of elizabeth warren's economists say it's time to go back to the good old days. metoaxg als too high when it cos tinweth back after the break ll 25. that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex - now in triple strength plus magnesium. >>> welcome back, everybody. the economist advising senators warren on the tax plan has a suggestion on where the tax rate should be. joining us is robert frank. >> good morning, becky it is the big question right now. what is the ideal rate for taxing the rich. in a new book the two economists who advised elizabeth warren and bernie sanders on the wealth taxes analyzed the laffer rate the economist, gabriel zucman and emanuel sayez put that at 60%. that would be the top marginal rate when you add in state and local taxes the top marginal rate for the rich would be 75%. now if th

rich wanted to talk to us about money. finally we got lucky in the financial hub frank face here in a prime location tucked behind the bank teller as sits the asset management company full come full can manage his german business family's fortunes. its chairman christan fanbase the time provided some insight as to why rich germans also shine. detroit you know many wealthy germans are reluctant about stepping out into the public eye because they're afraid they could be seen negatively. they ask themselves what do i get from showing myself to the public it doesn't give me anything on the contrary it could lead to some crazy person taking notice and breaking into my home or kidnapping one of my children. and those fears are not unwarranted. but then there's also the fact that many errors are inheriting fortunes that are somehow tainted by or related to the 3rd reich. is. the attitude of rich germans avoids duplicity as if it were the play. but what are they so afraid of. the habiliments one who gives i asked a number of my friends whether they'd like to be interviewed for this film and each one said no they'd say. someone el

supporters fired up will there be an appetite for higher taxes, even taxes on the rich, if the economy slows down? pollster frankbreak stay tuned you're watching "squawk box" on cnbc obvious. sometimes, they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ ♪♪ ♪♪ ♪♪ >>> welcome back to "squawk box. question this morning, is capitalism dead? it's popular in washington and wall street and it's one in silicon valley here's mark bennioff hire's what he said last night. >> i really strongly believe that capitalism as we know it is dead we're going to see a new kind of capitalism and that new kind of capitalism that's going to emerge is not the milton friedman capitalism that it's just about making money. >> right. >> if your orientation is just about making money, i don't think you're going to hang out very long as a ceo or founder of a company. you have to be more than that in today's world. you certainly have to be more than that in san francisco. >> and that's becau

some recent headlines saying the rich are paying lower tax rate than the rest of the country and should be taxed more but what do the numbers actually say. robert frankrt >> good morning, david a new op-ed and articles earlier in the week saying the first time in over 100 years, the richest americans paid a lower tax rate than the bottom 50% of americans. research is from a new book from two economists at university f california berkeley advising elizabeth warren and bernie sanders on both their wealth taxes. the economists say the 400 richest americans paid a tax rate of 23% compared to bottom half of america which pays 24% here's how they got numbers. they look at all estimated taxes paid, including federal, state, payroll, local, property taxes, they calculate that as a share of income. they do not include the effects of things like earned income tax credit and other transfers since we don't know what the richest 400 pay in tax, they pay based on corporate profits recent numbers from the cbo shows the rich pay a higher raid, payirai rate, 33% of federal taxes, 14% at the bottom. that's obama's former economic adviser, looked at taxes paid, found t

frank has more on that. >> good morning, andrew. larry summers taking the stage at a pearson institute and he leveled the most fierce criticism. it wouldn't reduce political power of the richuldn't make it past the supreme court. the idea was leading the democratic party down the wrong path. >> for progressives to invest their energy in a proposal that the supreme court has better than a 50% chance of declaring unconstitutional, that has very little chance of passing through the congress, whose revenue potential is extraordinarily in doubt, for that to be the defining element in the progressive agenda in the united states it seems to me is to potentially sacrifice an immense opportunity. >> summers took aim at the two economists who created the wealth tax their widely publicized plans that the rich pay lower tax rates were highly misleading, highly inaccurate and irresponsible. zucman telling cnbc we produced the best estimates that we could and policy is changing in america and the wealth tax is extremely popular, at least among those who wouldn't pay it. >> it should have been displayed across the opinion pages of "the new york times." >> it got a lot of attention summer