they are not rich or the super rich. is it a rich nation or a poor nation?> i'm so glad you asked. that is one of the essay questions that i assigned to my students. [laughter] i got a broad range of answers. the most common answer i get is that china is not a rich country nor is it a poor country it is precisely what you said. what distinguishes china from other places is the huge gap between the rich and the poor. the rich are super rich and they have loaves of catch -- they have loads of cash. at the same time, you have people who are dirt-poor in the countryside with only maybe -- >> dominick, you are the chairman of east west bank here in california. you know for certain of which she speaks. there are three or four cities adjacent to los angeles in l.a. county where property values are going to the roof in southern california because rich chinese are coming here with cash in hand you are not financing these people. they're coming with cash in hand to buy these homes. ec property values in certain areas driven up by all the money that chinese citizens ar

enough already. >> i don't hate the rich. i want to be rich. i am looking forward to it. but i am sick and tired of having my drugs laced. but this trickle down thing is a myth. we are the least tax western nighed nation in the world -- western nighed -- in the world. >> but there is no success. there is no success from taxing the rich. there is not enough of a tax base. >> if i may, woman you republicans have to figure out something. do you want no taxes or do you have to get rid of the -- >> you can't. ask any economist. massive tax cuts and massive government cuts. your reasoning, it is like a more bidly obese person coming to a restaurant and taking your food. why don't you stop eating. why don't they cut the spending instead of pushing -- punishing people who create business and create jobs. >> we are not punishing them though. >> there is also another huh poke craw see here. they crap on the rich until they get rich. obama will be a billionaire when he gets out, right? >> yeah, speaking engagements. >> and clinton is worth hundreds of millions. gore is worth hundred

the rich need to pay their fair share, let's tax the rich. in fact, i will give you the specifics. nbc wall street journal popping with 81% saying, tax people making over a million dollars. new york times cbs news, tax people above $250,000. washington post, abc, same thing, 72%. four other polls in the same exact area. the last poll is the gallup poll saying 59% of americans say rich are not paying their fair share. and they are absolutely right. the banks get bailed out. all of the biggest companies in the world get special subsidies. they hide their money in off-shore havens. enough is enough. why? why do the republicans go along with there? because tle get paid by those guys. even the corporate jet people, that's such a tiny, tiny industry. they spent $22 million in lobbying since 2004. that money is getting funneled to politicians. how about the oil and gas lobby? you want to see a real lobby? $993 million since 2000 they have spent on lobbying. so that's why the republicans sell out to them. i get it. what i don't get is why anybody votes for them. look, you've got a corporat

>> the rich always say that. the rich have never seen attacks that they like.i've been rich and i've been poor in my own life. i also believe i am not unlike other americans that we're not unwilling to pay our fair share. that's a question you raised. i said consistently that great presidents respect born, they're made there is no fdr without randolph pushing him. there is no lbj without mlk pushing him. so you got to push these guys. >> they had plans these guys. >> and they took risk. >> when you say laser focus on jobs, what's the big plan he's not doing to get americans back to work? >> first of all, again this conversation about deficit reduction is ill time, number one. number two, those same guys on wall street who we took care of, we've got to find a way to have them get off the trillion dollar plus money they're sitting on and not reinvesting it in the community. we could do this all night. i'm not an elected official, and i respect the question and we could answer it and continue to answer it. the problem is that the folk who we elect to deal with the

make themselves rich by making everybody else poor.ey raise ssannards of living for themselves by lowering quality of life for everybody else, and they do that by escaping the discipline of the free market. you show me a polluter. i'll show you a subsidy. i'll show you a fat cat using political clout to escape the discipline of the free market and force the public to pay his production cost. that's what all pollution is. corporations are externalizing machines. they're constantly devising ways to get somebody else to pay their costs of production, and if you're in a polluting industry, the, you know sometimes the best way for you to invest a surplus dollar is in our campaign finance system which is just a system of legalized bribery to get your hooks into a public public official to dismantle the market, marketplace, give you a competitive edge and monopoly control and then allow you to liquidate -he commons and privatize it to, to, to steal our air, to steal our water, to steal our fisheries and make yourself rich. >> you're not dpee

and you got "rich rock." >> hey now!that right? >> he's on there. >> jimmy: you and lil' jon? >> yeah, he's on there. yeah! >> jimmy: yeah! exactly. i love that. is this your saddle? you really use this, right? >> that actually hangs in my house over the bar. >> jimmy: does it really? >> yeah, it does. >> jimmy: oh, man, you -- >> you have to come visit sometime. >> jimmy: you remember last time i hung out with you in nashville. >> i do. >> jimmy: i don't. [ laughter ] it was good. it was fun. >> i pulled up in a 1978 "smoky and the bandit" edition pontiac trans am. >> jimmy: yeah. >> t-tops, and you had your guitar and you were standing on the sidewalk in front of zany's. i think you just had a gig. this was two years ago and i picked you up and we scooched off downtown and we hung out until about 4:00 in the morning. >> jimmy: yeah, well not only that, you came and you picked me up in "the smokey and the bandit" trans am. >> yeah. >> jimmy: you parked in the middle of the street. >> that's right. >> jimmy: and the cops

why don't we have the rich pay the full cost of their medicare and have the rich take reduced social security benefits? a way the rich can absorb more of the burden. i don't want to increase taxes. even if you tax rich people or corporations, it really is taxing everyone because you'll have less jobs and it will hurt the economy. the reason tax revenue's down is that we're growing at such a slow rate. if we could grow again, if our economy could get out of the recession we'd have plenty of revenue. >> so on the tax issue then, you have no wiggle room. because the president made the case today, he said look what bill clinton did in the 1990s. he raised taxes on wealthy americans and the economy was booming. george w. bush cut them and we had a more sluggish economy. the current president makes the case that bill clinton is proof if you have modest tax increases on the rich it won't have the impact on job growth the republicans argue. >> two weeks ago most republicans vote today get rid of the ethanol credit. we've shown we're willing to get rid of some credits and deductions. even tha

into the rich rich little more let's tax or corporations to leave our shores i mean there's there's disaster in all of that and we're seeing that so what are going to do we're going to tax out of american ingenuity and it was under the radar slogan but the fact of matter is that over the last twenty years entrepreneurial ism in the united states has dropped by almost thirty percent we have fewer people starting businesses and the average business today employs four point three small business four point three people were as thirty years ago seven and a half people right you know before the vision of the transition we are seen flatlining of entrepreneurial ism why would that be because in one thousand nine hundred two ronald reagan stopped in force in the sherman antitrust act it led to a bad explosion of mergers and acquisitions prior to nine hundred eighty two you could drop you could walk into any mall or any downtown in america and every. was locally owned every business was multigenerational family businesses they were small businesses now you can drop out of a plane at one hundr

double the tax rate on the rich and on the uber rich to get to that point, the 2% taking on a heaviert's not that washington might not decide to do that, but that's a lot to squeeze out of that group by taxing the rich more heavily you might solve part of the problem but there's not much hint you're going to solve all of it. >>> up next in "the arena." what if harry potter never got out of the ground? what if the boy who lived had died as a manuscript? happy for many of us and j.k. rowling, barry cunningham came along. the publishing whits who advertise covered the wizard. ♪ [ whistles ] ♪ [ cat meows ] ♪ [ ting! ] [ male announcer ] travelers can help you protect the things you care about and save money with multi-policy discounts. are you getting the coverage you need and the discounts you deserve? for an agent or quote, call 800-my-coverage or visit travelers.com. of these abandoned racetracks in america today. automotive performance is gone. and all we have left are fallen leaves and broken dreams. oh. wait a second. that is a dodge durango. looks like american performance is doin

rich people those evil rich people happen to be job creators but they are not job please explain to me the economic theory that when you raise taxes during a time of economic malaise that's going to turn the economy around and i don't understand how it's going to make our economy better we start raising taxes we're going to start in the one nine hundred fifty s. the one nine hundred sixty s. t. creasing founding isn't going to naturally suddenly make growth in the economy the economy doesn't care where the money's coming from government spending it certain part is the more. the kind of overall economic monies that are out there in order to kind of help kick start as economy and and if we've learned one thing that tax cuts don't create jobs i think that pretty much this president he did the stimulus was still the largest tax cut in american history that this president president obama president and everyone says you know hates the wealthy and is doing nothing but trying to raise your taxes has the largest tax cuts in history that's what i mean it is true i think we are this is becomin

you would have to say it is the very rich. why the very rich wouldn't contribute when we are talking about cuts especially to entitlement programs that are going to affect seniors. affect people who are talking medicare, medicaid, social security. you have to say shouldn't there be a shared sacrifice among all americans? >> we have a big problem with the definition. when the president or you or other democrats talk about millionaires and billionaires, what they are talking about is individuals who make $200,000 a year or more. or couples, small businesses also that make $250,000 a year. these are the people who create jobs. these are the job creators, juan. it is basic economics, if you take money from people in businesses the less money they have then to save, invest, create new businesses and hire people it is as simple as that. >> right on target monica crowley. i think that is right the president is not talking about small business. he's talking about the people who are hedge fund managers. corporate jets for people who ar

needs rich to get richer o.b. are fines o.b. are is the office for budget responsibility and they say that although growing levels of. income inequality have been identified by economists as one of the causes of the recent crisis their analysis shows that government is more dependent than ever for the rich for tax revenues so therefore they should encourage the rich to get richer at the expense of the poor and the middle class but again the statistically they're using numbers to legitimize an argument that promotes serfdom and neo feudalism obviously they're going to be paying more in taxes as a percentage as more of the bottom ninety percent end up in prison. clearly if you have a serf population then the taxes being paid will be concentrated in those people who are operating the prisons so i have this headline appeared four hundred years ago in the neo in the feudalism is that of europe somewhere it would make more sense for to see it here in the twenty eleven seems completely out of place but it also goes very well with what

chris: what about the party of the rich? romney was rich. does he get stuck with this tag during all of this discussion? i think some of this is obviously metaphor. corporate airplanes, 100 of them? i don't know. hedge fund operators, a thousand of people. the president said i can balance the budget if i go after these rich guys. the republicans defend them. >> mitt romney when he worked for bane capital, he will try to make that into a wall street firm and bane capital destroyed jobs rather than create jobs. they will point to the record saying it's very, very poor. the problem for the president and this feeds back into something joe said a little while ago, i actually agree on substance, the president has been the adult. i agree with the president on substance has been that and he looked like the bigger figure. the problem is 15 months from now, he will be saying i looked like the bigger figure, i was willing to make the deal, you're all controlled by extremists, here's what's wrong with mitt romney and what joe said, where are my jobs? yo

the rich. the rich. or as the republicans call them. >> job creators. >> it is certainly making it difficult for the job creators. >> getting washington off the backs of the job creators. >> stopping tax increases on our job creators. >> jon: republicans are no longer allowed to say that people are rich. you have to refer to them as job creators. you can't even use the word rich. you have to say this chocolate cake is so moist and job creator. my favorite comic book is job creator e.job creator. the debt ceiling debate, if you could even call it a debate, seems at this point still in its cynical strategy phase which obviously they can get away with as long as the public doesn't demand action on the debt ceiling. too bad for the politicians that we have a vibrant and focused media culture in this country, dead i caned to battling obfuscation and bringing clarity. >> only 20 to 25% of americans want a deal. that is only spending cuts. >> almost 70% of americans want a solution that includes both

the group of presidents on the other side defined as rich. in a consistent definition of the rich were used, the dollarn amount of tax expenditures would be considerably lower. since the group pushing the expenditures is to relieve spending constituencies and the pressure of curtailing my guess is they will not choose to reduce the tax expenditure.kitt. it's their choice to be to simply curtail or eliminate tax expenditures for high-incometax. taxpayers.d this of course could eliminate the preferential rate for a couple gains and dividends. let's take another look at thisa because it shows the big share e of the capitol gains tax the expenditure goes to the topit fifth. it looks like about 90 present a tax expenditure a cruise in thep top fifth. you will see about 50% across to the top one-tenth of 1%. do we think would make sense ine the current economic climate to double or triple the tax investment? at one point at least the president's answer was no. in august of 2009 the president explain how raising taxes on any one knit during a deep r

are all rich themselves.ost: thank you for calling. one more message from twitter this morning. host: here is senator mitch mcconnell, republican, on "fox news sunday" of all of this. >> look, over 60% of our budget, we do not even vote on. you cannot do anything, serious, about the deficit without impacting the biggest percentage of the budget. so, i commend the president for putting medicare and social security on the table. he is correct in doing that. you cannot have a serious debt correction program without dealing with them in the long term of years. host: published in "the washington times" this morning -- host: cape coral, florida, philip, good morning. caller: social security should not even be on the table. social security is supposed to come from our government and should have no connection with our spending or deficit anything. this is money that the american people have put into four years. social security when it originally started, it was not supposed to be touched. it was supposed to go into a

you can't even use the word rich. you have to say this chocolate cake is so moist and job creator. my favorite comic book is job creator and job creator. the debt ceiling debate... the debt ceiling debate, if you can even call it a debate, seems at this point still in its cynical strategy phase which obviously they can get away with as long as the public doesn't demand action on the debt ceiling. too bad for the politicians that we have a vibrant and focused media culture in this country. dedicated to battling obfuscation and bringing clarity. >> only 20 to 25% of americans want a deal that is only spending cuts. >> almost 70% of americans want a solution that includes both spending cuts and revenue increases. >> an overwhelming 55% of americans want nothing to do with the tax hike and the debt deal. >> the vast majority of americans want tax hikes to be part of the debt ceiling deal. >> 11% of americans say that increasing government spending will be good for the economy. >> americans by almost a 2 to 1 margin want their member of congress to vote against raising the debt ceiling.

a conversation with one of the country's leading opinion makers frank rich. after a decade writing at the "new york times" he is writing for "new york magazine." he will talk about president obama and his chances for reelection. michael rapaport is here to talk about his film about a tribe called quest. columnist frank rich and actor michael rapaport coming up right now. >> every community has a martin luther king boulevard. it is a cornerstone that we all know. it is a place where i walmart stands together with your community to make every day better. >> nationwide supports tavis smiley. with every question and answer, nation why it works with tavis to move -- remove obstacles to economic empowerment. >> and by contributions to your pbs station from the worst like you. thank you. -- viewers like you. thank you. [captioning made possible by kcet public television] captioned by the national captioning institute --www.ncicap.org-- tavis: always pleased to welcome frank rich back to the program. after more than 30 years with the "new york magazine" as a theater

i think copyright is an essential part of a rich culture. >> yeah. >> and i don't mean rich financiallyi mean rich as in diverse. >> vibrant. yeah. >> right. artists have got to have a way to fund their creativity >> right. >> and if they don't they become just patrons to big companies, and that's completely boring. so i think copyright is essential. but we need to recognize is copyright used to have one problem to solve: how do i give incentives to artists to create great new work? >> mm-hmm. >> now copyright has two problems to solve, how do we give incentives to artists, but how do we leave enough freedom for amateurs to be able to create and share work consistent with the law. >> right. >> right? so you look at the last five years, and the enormous creativity that's evinced on you tube or on blogs or all this sort of stuff by people who are creating, not for money, but they're just creating because they love to create. >> right. >> the original sense of what the word 'amateur' means. and we've got to look at that and say we need a system that can ratify and encourage that. we need t

rich, let me start with you.e heard the sound bite from rupert murdoch during the testimony, saying, hey, this is getting the attention it's getting because of our competitors who would love to see us fail. does he have a point. >> yeah, i think it plays into it. to me reminds me of the valerie plame flap, disproportionate primarily driven by politics. especially the coverage in the united states. the new york times the other day had two front page side by side lengthy stories about something going on in britain. to do that otherwise, you would need the queen to abdicate and the plague to hit london. clearly there's a political agenda at work here. >> the testimony from the murdoches and the testimony from rebecca brooks, coverage as we said, both, here in the states and of course in the u.k. all the cable news networks on fox, on it in its entirety, no commercial breaks. do you think that the coverage was warranted, was it fair? >> was the coverage important in that it's the most important thing going on in the

rich people are the magical ones made one hundred dollar bills they don't create jobs they never have they never will a job creator myth is spread by republicans just to hide the real reason why they're not asking millionaires and billionaires to sacrifice like the rest of us and that's because the republican party is wholly owned by millionaires and billionaires that's a pays for their campaigns and like paul ryan it is hedge fund buddy buys them six hundred dollars with a fancy one over dinner that's the only constituency that they care about if the american people found out that republicans only care about the richest one percent of americans then the jury would be up and the republicans would all be kicked out of office we need to expose that truth about today's republican party last night president obama encouraged us all to call our members of congress and demand action on a debt limit deal i agree but i take it a step further call your nearest republican congressman and ask him the very simple question what sacrifices should millionaires and billionaires make in the name of def

shrimp running on treadmills and in my rich neighborhood. it's like politicians live in a car val game trying to get as much money as they can. politicians at the rated they spend, america will soon become like this country. people rio when politicians spend so much there is almost nothing left. >> when there is no more money, there is no more money. >> the unions elect people who give them money and if there is any left these lobbyists want it. >> funding for housing. >> american ford foundation. >> the politicians say no get boo'd. >> we've taken a scapel to the budget rather an machete. >> maybe we need to take one of these because we don't make big cuts. >> john: if you can't pay workers' salaries. what is our future going to be? cuts so draconian you need a chainsaw to make them or sweat shops. we have choices to make. >> john: our government keeps spending. we're already $14.5 trillion in debt but you could say, so what. look around, america is doing pretty well. what is the worst that can happen? >> well, this could happen. these prot

mound don't need tyga ny is the northernmost peak of the crown tyga ny rich from here one gets a good view of the vast expanses of the southern europe in the south there is a valley between the mountains a pile of rock towers in the west behind it is a shallow gully overgrown with two of pines. even though they are about the same height as humans their age is some two or three hundred years old. or so it is very hard to get to the place he see behind me this poses a big problem where we get news of missing serious or injuries the rescue teams bring the injured here before transporting them to town. the sun is a rag guest on mt downey tyga ny weatherman call this peak the kitchen where mother nature cooks the severe weather of the cells in your rules strong winds and fog are a constant feature here for the best parts of the year. and this is to get like ali i'm here. for what's the weather like there from a wind rain and fog in the next three days face the sounds wonderful over. fog never wastes time in descending on down a tug a knife to envelop it in a fake shroud clouds rain over th

officially recognize the libyan rebel council as the legitimate governing authority rich or is merely calls for gadhafi and his family to give up power. as the u.k. phone hacking scandal puts the future of the murdoch media in part risk questions arise as to why it's taken so long for action to be taken as spy police knowing about many of the allegations for years. public outrage in italy the latest e.u. country to be hit by the financial crisis as its parliament approves an austerity budget in a bid to stave off the threat of a bailout. and. also expanding once in europe one of the crime acquisition by a russian bank we'll have all the details for you and business in twenty minutes. but news in comment from around the world this is our t. live in moscow with twenty four hours a day the u.s. along with more than thirty other nations has decided to recognize libya's rebels as the legitimate government of the country but libyan contact group convening in turkey has also urged colonel gadhafi to give up power and has more from washington bureau. he has announced washington now accepts th

>> caller: i mean, the rich, it's time for the rich to realize that hey, you can only make so much money and you can only do so much with so much money. so the thing is, why is it they are not able to give to the situation of economic status, as well as the poor, middle class and everybody else? >> if you didn't know, our channel cspan 3 on the weekends turns into american history t.v. the title suggests it is completely devoted to events of american history, including the civil war celebrating 150 years. a special event coming up this weekend, all civil war weekend on american history t.v. as we mark the 150th anniversary of the battle of bull run, the first major battle in the civil war. this weekend, american history t.v. will bring sights and sounds of the national battle field. you will hear from top historians, get to ask them questions about the civil war and the battle of bull run and that takes place tomorrow on cspan 3, starting at 11:00 tomorrow and will continue through 4:00 in the afternoon and you can go to sspan.org, to find out more and history is the website. plainview,

you can handle a little of this and can't go bananas and close the deficits on the rich. you can learn what some of the states should do, cutting spending and raising taxes and so far it's working. >> brenda: gary b, is it? >> well, you know, well-- i'll try to come back, i want to go back to a point that caroline made. she implied there. and i'm not just picking on caroline, but really shall the president, it's implied that the millionaires and billionaires who he says are really not shouldering their fair share and i guess i keep coming back to it, how much are the top 1%, the top 5% supposed to contribute at some point. it gets down to fairness and i'm all for the rich contributing more than their fair share, i think it's there and at that point ap as for corporations, we have about, what the first or second highest corporate rate in the world. so, i just, i don't get the push for more and more, more when you've got almost 50% of the the country paying nothing in federal income taxes. >> well, that does cause outsourcing as well when you have such a high corporate tax

people from near and far can be introduced to the richness of the bay area.t is so wonderful and unique. >> the city thanks you for providing such wonderful leadership and vision. >> we're so happy to be part of the city and so honored to be part of "culture wire." >> to learn more about the exhibition and other upcoming events, visit the website. thank you for watching "culture >> san francisco is home to a renowned civic art collection that includes a comic works -- iconic works by local and national artists integrated into our public buildings and six basis. the arts commission has struggled to take care of the priceless collection because of limited resources. in an effort to gather more funding for the maintenance of the collection, the art commission has joined forces with the san francisco art dealers association to establish art care, a new initiative that provides a way for the public to get involved. the director of public affairs recently met with the founder and liquor -- local gallery owner to check out the first art care project. ♪ >> many san f

situation to figure it out corporations are sitting on two trillion dollars worth of cold hard cash rich people haven't been taxed this low in the last half century and government regulations are sparse in other words it's the perfect economic climate for job creation according to the republican ideology so where are the jobs here's the truth it hasn't been much spoken since jude wineskin invented the phrase supply side economics back in one thousand nine hundred ninety eight and it became an article of faith during the reagan administration and for a generation of so-called conservatives since then. supply doesn't create jobs i could have a warehouse full a store full of buggy whips and those damn customers they want car stereos it's not supply that creates jobs it never has been never ever in history demand creates jobs people spending stuff out of their pockets taking money out of their pockets and demanding stuff that's what creates jobs rich people are the magic ones made one hundred dollar bills and create jobs he never had they never will the job creator myth is spread by republic