in a general way, it happens whenever people point to the rich and say, well, their rich, and they're perhaps too rich, but they are great job creators. well, yes and no. some of them own companies, manage companies where large numbers of of jobs have been shipped overseas or where job creation is not necessarily what actually happens that, as we know, by looking at what bain capital did that a lot of times success involves eliminating jobs, not creating them; though, you say you eliminate other jobs and create others in the process, and that's true, and it goes on and on and round and round. these are not issues that i took a stand on in the book because i left it for my readers to do that. >> you mentioned there was no -- you couldn't find any real correlations between the rich and what they did, their lives, they seemed to be -- there was not anything that stood out that one group was totally different than the other, and i'm curious, how about their politics? what was their -- was there any correlation in the political persuasion? >> they tended to be conservative, but not consist

of our rich mopped community, our neighborhood that we call home. we're deeply indebted to our many, many allies and partners, including supervisor mar who believes the public school program deserves not only quality education in the classroom, but an enriching learning and play environment that inspires them every day. thank you very much. and i'd now like to introduce an inspiring leader and a partner from our school principal, tammy [speaker not understood]. >> supervisor mar and the san francisco board of supervisors, [speaker not understood] argon elementary, it is a tremendous honor to accept your commendation. the vision of creating outdoor learning spaces, our staff's commitment to project-based learning, along with the city's generous support of our school made these projects possible. visiting argon elementary, you discover that our students are not only learning within the classroom setting, but they are connecting and applying new learning outside the classroom in our gardens, and with the mural design process. math measurement lessons b

the rich and the poor. so wouldn't it be better to go to a flat tax. >> i like the idea but the devillaraigosa is in the devil is in the details. i tend to lead toward the flat tax/fair tax. a flat tax put across the board and a consumption tax or payroll taxes which are still come what progressive. >> weird things about how opinions and politicians change. even president obama believes in lower tax rates or at least he did a year ago in something called principles for tax reform he says and the number one principle for tax reform lower tax rate. the tax system should be simplified and work for all americans with lower individual and corporate tax rates and fewer brackets. isn't that what the flat tax is all about? >> yeah. the flat tax basically gets people out of the tax so they can devote all of their brine cycles to their business. that is one of the great virtues and draws people together. if everybody is paying the same rate then i think we can unify this country again. and to mark's worry some what j

thanks. >>> she is fabulously rich and increasingly rich. what pushes her to the limits on "dancing with the stars"? how this hard working housewife manages to get it all done. >> announcer: abc news "nightline" brought to you by centrum. at the corner of "multivitamin" and "multiple choice," come to walgreens for help finding the one that's right for you... like centrum silver. now, buy one, get one half off with balance rewards card. at the corner of happy and healthy. for over 30 years. and it's now the most doctor recommended, the most preferred and among the most studied. so when it comes to getting the most out of your multivitamin, the choice is clear. centrum. always your most complete. ♪ ♪ ♪ ♪ ♪ ♪ you'll have to pay five hundred bucks for your deductible. the truth? at allstate, you could pay zero. allstate gives you a hundred dollars off your deductible the day you sign up. then another hundred off every year you don't have an accident. let the good hands reward your safe driving with a deductible that goes away. ♪ deductible rewar

will he be able to help the poor as well as the rich?a report now from beijing. , a name you're going to hear a lot. now officially the second most powerful leader in the world. the u.s. president has more influence. already the head of the this ballotrty, confirms him as president. just one delegate voted against him. others wanted his autograph. xi jinping says he has a dream, the china dream, to make china powerful and prosperous once more. he has been on a pr offensive. he comes from a wealthy family. his father was a senior communist leader. the new president wants to show he has the common touch. that he knows the bitter taste of hardship and his dream is to improve life for all. for this man, this was like a naughty as with the emperor. usedwe visited he said he to eat leaves to survive. now the country is rich. the wealth is taken by corrupt officials. there is no official that is not correct in this country. ordinary people earn a few hundred dollars a year. officials take thousands. tyndale will never be rich if corruption is n

mary, first to you, boy, target rich environment. hugo chavez, his death. >> david, as you know the death of the dictator provoked a the lot of expected and moronic comments from people like oliver stone and sean penn, but we also have comments talking about how sad we were to see hugo chavez leave us from the british foreign secretary. and if you can believe it, the president of colombia, juan manuel santos said he was saddened by the death of chavez. >> david: he sergeanted colombia. >> and mike rogers says that hugo chavez was a stabilizing force in latin america and progress in the region. >> a good hit to mr. roger. >> and the nanny state marches on. >> a miss to our mayor here in new york, michael bloomberg whose large soda ban goes into effect next week. for all of us, even if you're not a big gulp drinker, it's a slippery slope before he goes after large alcoholic beverages and could it be the 24-ounce beer can or the 40-ounce bottle. >> david: the 24-ounce beer can which you commuters love, there would be a riot in the commu

and shockingly i agree with what rich had to say. it makes no sense. what i am hearing is that it is all about yoo hoo concerned that people are workog their own start-up projects on yahoo's dime. if she thinks that they are going to stop workog their own project by bringing them insideif they are doing the job it doesn't matter. if they are slacking fire them . bringing them to the company headquarters doesn't make a difference. >> google is not enforcing the no work at home the way yahoo. who is right on this. >> do i want be too hard onia it has outperformed ibm and the s&p 500 and the tech laden nasdaq. they are doing something right. it is it a healthy debate. what happen necessary a free society. like-minded employees go to work for like-minded employers. in thind, everybody will benefit. >> john, who is right, is it yahoo right for banning this? >> yes, they are making an economic decision . corporate culture matters and when the cat is away to elizabeth's point the mice plays and to bring them in is a good thing. quite unlike the federal govern

to make ends meet he was the forty seven percent so when he saw mitt romney tell of a room full of rich donors that it wasn't his job to worry about those lazy worthless indicted masses who leech off the government bartender filmmaker knew he had a duty to his fellow citizens to reveal the truth about the republican nominee for president of the jones released the leaked video in september and it caused a firestorm romney's campaign never really recovered you'd think the republicans especially romney's running mate paul ryan would learn from their mistakes right wrong on tuesday paul ryan announced his plan for the fiscal year two thousand and fourteen federal budget the so-called after prosperity but ignore the name ryan's plan is the policy version of romney's forty seven percent speech if you take away all the talk about reforming entitlements and lean dynamic government it's just a big middle finger to working americans ryan's budget calls for massive cuts to social programs that ensure the health and well being of everyday people all slashing tax rates for the super rich and raising

folks, sure they are whining, the rich have been whining for a while, who listens? who cares? easy targets. the rich know they got a bullseye on them, who knew a tiny island nation just put a bigger one on them. that is why i'm worried about how well everyone seem to be taking this. we've just emboldened all governments in the world to did the same. john and, chris, that is what worried me, we give them an invitation card. >> we sure did. not only does it set a bad precedent but it gives united states of america andueurope really bad ideas about not being fiscally responsibility. cyprus is an exercise in abjec failure, and then the cyprus government said, you know we over promised we over sprint, so we're going to take your money and run. it reminds me the song ♪ ooh, take the money and run ♪ neil: that is pretty good. >> it is out of control, we should beefrightened as americans, we need to go, us people who work for our money, we need to go to an island and create a good nation, it no laughing matter, it says your hard earned money can be snatched away by a snap o

rich people are rich but they are also job creators.a better job of explaining this. >> the argument -- >> nancy pelosi often hears talking points that says the rich people need to pay their share and trickle down economics. >> we have had wages for the top 1% increase by double digits. >> so what? >> for the rest of the 99%, decline. >> no, no, no. middle income wages have gone up over the same period at 40%. art, i have to be blunt. this is class warfare. if you want equality of opportunity then we should be getting it here in america. if you want equality of results i thought that was the soviet union. what i'm hearing is equality of results. that's nonsense. >> exactly. >> it's not how the country should be run. >> no one question that is rich people should pay more in taxes than poor people. if you pay five times more than i do you should pay five times more in taxes. but having the tax rate at 35% on the top 1% is very different than 35% of all taxes. that's a very different number. rates are the killers for job creators. they sho

liz: shouldn't even call it the rich. the rich didn't start out life on third base.fell to the lower bracket and the same percentage held true, they moved to the upper bracket between 96 and 05. stuart: that's what america offers. liz: that's what happens. stuart: social mobility, if you track them for a long period of time, they go up and some people come down, not everybody goes up and stays up and moves higher, that's not the case. charles: that's always the inference, when they sell these high tax policies, that the same people that were up in 80 are there now, and that's not true. stuart: the president has taken a hit to his credibility. that will be a major part of the highlight reel which is next. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. but we can still help you see your big picture. with the fidelity guided portfolio summary, you c

this is only the latest case of taxing the rich and not making a killing. in england when they had to scale back a surtax on the rich because the center was not working and in france where they are considering a top corporate rate of 75% because when it comes to generating more dough from individuals, welcome 88 happening. did it in this country were states like maryland, new york, wondering how would is that they keep getting squad from it. so to review, cypress' bureaucratic burglars, although it that they stole and far from making a killing, they get killed. i'm talking nothing, not up. again, help me. the greek word for zero. you not so rich cypress depositors, your next. anyway, that is my latest prediction. the governor was to move down the financial food chain to fish for more dope meeting that these deposits still waiting in line to get their money in only 300 euros at the time of the money will have to start focusing over money, i suspect soon. to nicole petallides and saw this coming along with men with brooks. now, has family in the area. parents

its symbol is dealing with an increasing number of tourists and rich investors.t is a top location, which means good business for the building sector. them as moving company is doing a raging business. he is in a perfect position to see how his city is changing every day. up to seven days a week, he helps people, rich or poor, move themselves and their property. once everything is packed and loaded, he drives his moving van through the metropolis of 15 million. that drive can take several hours. >> i have more jobs than ever before. the rich are taking over whole districts in the city and pushing out the poor, but for my business, that is good. >> his workplace, istanbul, covers 2392 square kilometers. its symbol is in a building boom. for the last 10 years, it has been europe's fastest-growing region. everything is going higher, faster, and further. and the race to set records in concrete and glass seems to have no limits. istanbul's third airport is scheduled to open in 2013 as the world's biggest air traffic hub. but this booming city is built on unstable grou

its symbol is dealing with an increasing number of tourists and rich investors.t is a top location, which means good business for the building sector. them as moving company is doing a raging business. he is in a perfect position to see how his city is changing every day. up to seven days a week, he helps people, rich or poor, move themselves and their property. once everything is packed and loaded, he drives his moving van through the metropolis of 15 million. that drive can take several hours. >> i have more jobs than ever before. the rich are taking over whole districts in the city and pushing out the poor, but for my business, that is good. >> his workplace, istanbul, covers 2392 square kilometers. its symbol is in a building boom. for the last 10 years, it has been europe's fastest-growing region. everything is going higher, faster, and further. and the race to set records in concrete and glass seems to have no limits. istanbul's third airport is scheduled to open in 2013 as the world's biggest air traffic hub. but this booming city is built on unstable grou

dollars to become a senator which is quite a bit of money these rich politicians who sent us to war for their rich friends on wall street all while saying that we support the troops and patting it on the back when they're sending us to war when we get back not only are we getting scraps from the table but even our scraps are being taken away there are billions of dollars for the defense industry and for the lavish lifestyles of these politicians you know when it comes to actually caring for service members when they return we're told that there is just not enough money and those things need to be gutted this shows that these are wars for the rich a foreign policy for the rich and people who are in the rank and file military have no reason to take part in. and i want to go back to the letter with about a minute left blames bush and cheney for stealing the future of millions of people in the need to hold someone accountable as someone who was in iraq for year what does that account of the accountability mean to you mike. it means jail for all of the people who lied to take us to war i

kidding we're not broke america is a rich country. i think i think you're right i mean we saw a report from brookings this week that said income inequality is actually becoming permanent we are sort of entrenching ourselves in this era in which economic mobility isn't what it was so should we roll back the reagan tax cuts you know i mean that's a bad call and i think it's not a bad idea actually we have a lot of people who you know just can't get it you know that economic mobility of great america and the one nine hundred fifty s. just simply doesn't exist anymore for a lot of people i think it's really so adam in the nine hundred fifty s. sixty's and seventy's the top tax rate was ninety one percent in sixty four l.b.j. actually close enough loopholes when he dropped down to seventy four percent that it actually taxes went up on rich people as kennedy had campaigned on and it was seventy four percent when reagan came in office rolling back the reagan tax tax cuts would take the top rate back up to seventy four percent now people are

get rich fieldser? 8 sorry -- rich get richer? i didn't believe it but statistics say 80% of those graduate high school in new york city cannot read. why -- why do we have to gamble on taking money from people, and going overseas, i do put it in perspective, instead of what? if you can save money by cutting out you know, drone missiles looking for trouble, bombing people invading countries fighting useless wars like iraq and afghanistan. i would say, yeah, i mean save some money, cutback to the deficit, and try the humanitarian thing, that would be much better. but i still do not endorse it morally, and i do not believe it is practical, but in the -- since i'm a practical guy, and i'm willing to bend a little bit, i would say do that but justice take more money from poor people or en little bit the currency you are -- inflate the currency you are undermining production and you have more people sleeping on streets in new york. >> ron paul thank you. >> thank you. neil: scott brown has been watching a lot

are they trying to embarrass the rich people or force rich people to give to certain charities?argument that the rich only give to places that will get their names, that will be for arts and other things and if there's more worthy giving that they should be providing. charles: give me an example. >> that they should be giving money to shelters for the homeless as opposed to a museum or a hospital. charles: or the metropolitan, you know, et cetera. and i think maybe, there's sot legitimacy to that. and never seems to run out of money and lavishing, get to wear the gowns and things like that. and don't necessarily wear the gowns and tuxedos to the local shelter. >> one of the challenges, this is worthy and that's not worthy. we can go down a slippery slope. who decides? and there is value in institutions, those hospitals are critically important and educational institutions are important. who is to be the judge of that. on the other hand it's certainly true that if, let's say if conservatives want to reduce government funding, then i think the onus is to make sure that those safet

self-imagine t >> your character wants to be rich. but through some very corrupt practices. i was reminded of the quote, behind every great fortune lies a great crime. do you agree with that in. >> i think it is an interesting idea. getting ahead as we've seen in every country, most recently in the u.s., people made a lot of money bending a lot of rule. that happens all over the world, pakistan and asia, the lower level, the mid level, the top level. i think there is a lot of trickery that go on in the markets. >> are there different messages in this book for eastern and western audiences? >> i'm not convinced there is such a thing as an eastern audience or a western audience. with my second novel, i had one guy with dreadlocks come to me and say he felt he was the main guy who grows a beard and moves back to pakistan after working on wall street. he told me. the american told me that he had gone to the ivy league. work on wall street and dropped out to become a yoga instructor. that's when i realized, writing about a college student

. >>> and later, rich and famous? to put together a portfolio that can help you live in the lap of luxury? tonight cramer's king of companies to attract an aspirational clientele. see which high-class stock could shine above the rest. don't miss a second of "mad money," follow @jimcramer on twitter. have a question? tweet cramer. #madtweets. send jim an email to mad money@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. >>> last week i did something unprecedented on "mad money," a sector of airlines, a sector that i hated since i worked at goldman sachs in the '80s that they're all worth buying. these companies are no longer tearing each other apart with ruinous competition. sure enough the airline index hit its highest level since 2007 and five hit new 52-week highs including u.s. airways from where i recommended it last tuesday. they're doing a different kind of airline and a them bell prof profit-hungry player named spirit. spirit. that symbol is save. that's right, save for

they see their frontino heritage escape them little by little this territory rich in gold. so they take their case to court and the court rules in their favor. over those go a court and they didn't mean to get a court that deals with matters relating to labor disputes rendered its decision at the end of two thousand and six and recognize that the minds of the front a new gold mines company belong exclusively to the workers and retired workers in tell us about it in the face of that city and in two thousand and seven the supreme court of justice confirmed that decision. but strangely enough it's the colombian government that opposes frontino being given to the workers it appeals and manages to overturn all the decisions in favor of the trade unionists and the government at the time is led by president alvaro. he becomes personally involved in the case the frontier no company is overindebted he places it under direct control of the state . you've been seeing down but already. gay's day the president alvero rebate from this regional was very preoccupied and. nationality he had

. >>> and later, rich and famous?king to put together a portfolio that can help you live in the lap of luxury? tonight cramer's keying in on companies that attract an aspirational clientele. see which high-class stock could shine above the rest. don't miss a second of "mad money," follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. i started playing football when i was 7 years old. following my junior s

get rich, and everyone else just runs in place? >> yes because the rich are accessing good information and they know now is a great time to invest. the problem is everyday americans are still buying into the dominant narrative, the sky is still falling, the economy is terrible, we shouldn't invest our money, with he should hide it in our mattress. >> why? >> the dominant right wing narrative tells us all times are bad as long as there's a democratic administration. it's like the health care, everyone loves the individual items but don't like universal health care because they boil it to the narrative. >> the right wing has written a narrative that is keeping everyone else from enjoying success and housing in the stock market. >> yes, because we buy into it and the left doesn't push back effectively enough. everyone walks around saying the economy is bad, we shouldn't invest, we can't trust the market when that's not true. >> i don't know. i'm going to let will take this. >> there's a new study suggesting retirees couldn't come one

still taxing the rich corporations and rich americans who have unfair advantages. so it leaves the door open to another sort of tax the next go-around. i didn't think -- >> neil: i thought that was off the table. >> after you get $41 in tax hikes with one dollar in tax cuts. >> there is the argument that you have the ryan plan, the murray plan, maybe have two sides that could broach some differences but i see some chasm >> but it's a more hopeful tone on both parties. the democrats say now that, yes, we must have tax hikes, or tax something -- tax revenue, and we must have spending cuts. and that's unusual -- >> neil: but they're quicker at identifying the tax hikes than the spending cuts, and when it comes to republicans, what they offer on spending cuts of their own, don't address defense. although paul ryan has entertained caps. >> people watching the show should realize our deficits grow in both plans, and ryan's plan is for progrowth. but both sides okay with the spending and both sides -- democrats-saying something about taxes. but there's $100 billion in the

rich stock, sometimes rich stocks come down not because of the company, but the overall market. guys won't be affected by what pulls down the overall market. "mad money" back after the break. >>> tomorrow, we're celebrating eight years of "mad money" with jim cramer. >> they know nothing. >> after a wild ride, we're back at all-time highs. don't miss "8 for 8," tomorrow, 6:00 and 11:00 eastern on cnbc. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. have >>> i have been hearing lamentations that our market is leaving some behind. aluminum horrendous, fertilizers can't get out of their own way. to which i say good. that kind of leadership dooms us to failure. stocks get pushed up big by fools willing to pay more for earnings. earnings are thaw are so drive

they only need to get rich once. i want to help you get rich.nd these are the most vociferous critics. can they give any credit to corporate america? the companies have played in big hand in the rally too. we have seen tremendous execution of the social contract in terms of huge buybacks and dividend boosts, bernanke provided the opportunity but didn't provide the smarts, the execution, just created a backdrop that allows companies with good businesses to prevail. you never would have bothered to buy stocks if you believed from the get go this had to end and end in tears. would you have avoided stocks the whole way which is what these people -- i mean, that's what they accomplish. you -- the whole way or from any level, you heard the jeremiads how the fed could pull the rug out at any minute. i'm really angry this morning. getting angry about this. i'm really steamed, you know why? i would like just once, i would like to hear the fed fearing bears to say, look, i acknowledge my view would have kept you out of stocks for the last 1,000, 2,000, 3,

the good thing about being a governor, rich mentioned tom ridge and myself.ally don't have the luxury of a strict orangthodoxy. there's no democratic way to have good roads. or good state police force. you're almost forced to break away from orthodoxy. but the people who do that are going to be the most successful. had mitt romney campaigned in the general election as the way he governed massachusetts i think he would have won the election. he just got too trapped into the orthodoxy. and that's the pitfall. are they going to be trapped into the cpac of the party, and if they do that, they're not going to win another election. >> one of the things that people have to do, if you want to be the majority party, you have to understand that the edges will get further and further apart. but more than that, you have to also realize that you have to agree that you're not going to agree with everything that's at the other edge. but you're more likely to agree with that guy than someone whose on the edge of an opposite party. but you can't demand that people hold almost

business, you qualify as rich folks. if, however, no matter what your salary is, you could be downsized, laid off, outsourced or fired at will, you're working folk. there is nothing in the middle. however, in the middle there is opportunity. >> what kind of opportunity? here is the thing and let me bring in ali for a second because this is what i find so amazing. you talk about how people are working day to day and just can't feel the stock market rise. >> sure. >> a rising stock market, ali, has to be better for everyone than a falling stock market. >> regardless of what chris says which is true there's inequality amongst people, the idea that people who are investing are getting more should have a relationship to the economy, it should make them invest more t should make them hire more but for regular folk who have a little money, one of the things you and i have written about in our book is the ability to put some money away, start to participate in what's going on so whether or not there are two economies and there m

these three supervisors came together and they essentially made it happen with the support of ken rich and others and public health and so many others. lou's penetration, his workability, i have to say, when they got close and i heard they got close, i had to go down and get that clam chowder and sour dough bread to assure myself that it was happening in our city. it takes strong personalities, it takes incredible amount of effort to depoliticized these issues. by the way, when you hear the real stories and they will probably come out, somebody will leak something, there was more than one time where everybody felt justified in walking away and i'm glad they found reasons to come back because these are important for our city and the needs of this area. it would not have been done without the board of supervisors and gaining the insight lou was creating for us. i would like to let the supervisor speak to what their passion was in keeping their focus together on it, but to say to you that it's an incredible time for the city. these are major health care institutions that we have. this wil

i want to single out ken rich. i don't know why you are on the rope back there. c'mon up here. if anyone deserves and applause, it's ken. ken represent the mayor's office in all of our meetings. i think we talked earlier today. we met approximately 40 different times since the fall. all of us agree with the board of supervisors that none of us have spent more time on any single projects as elected officials than we have on c pmc. that's why we are so proud. i would like to thank cpmc, and mike brown and who we have got tone to know so well in the past few months. it took a tremendous effort, good faith on all sides and i look forward to working with all of us and most importantly to lou gerardo who is in front of you. he's not only the most famous baker, but i will tell you straight up, if it weren't for him, we would not have gotten through this process. it was lou gerardo who put this together. thank you so much for all your efforts. >> so i will briefly touch on the elements of this deal that are incredibly significant. first of all cathedral hill and new campus for cpmc, or