people within their own circles so what you've seen particularly in nigeria is that though it is rich in terms of the resource what a resource is constant concentrated in the hands of a few people in the sectors that really benefit the most people i greek culture you know is still very very poor productivities it at the lowest level and as such what you see is that once the access to this rents to the wealth from oil for instance you know it appropriated to a few who are in power that just continues to multiply and so the gaps continue to increase and those who really work on the farm every day of trade in those ones still at the bottom of the wrong struggle every day to try to get out of poverty so is the stack reality or a way out gives power and power gives us lower design i mean the reports talking about social and economic disparities the have been soaring in particularly 3 countries back soko argentina and brazil where those country countries were known in the past for somehow managing to control. the inequality gap should wait should we should we infer by this that. the moment

text treaties between different countries all these things systematically changed in favor of the rich because they can exert a much greater into hands on these political considerations them the poor can so we have in that kind of spiral downward spiral where the rich use their money to executive and influence which in turn. means to shifts the rules in their favor which in turn makes them even richer and even more able to shift the rules in their own favor which of course means against the poor and when nigeria stands a stock example it's an extremely wealthy nation but according to all the reports it stands as a nation that has before poorly in terms of reducing inequality why's that. i think a colleague to just talk about it now give the right the nail on the head the 1st is that talk about the history of how we have niger has come to be from the quality of colonial history where power is concentrated in the hands of a few people elites who are close to the colonial masters and then that passed on for generations on to the point where the military took over you know again keeping po

. >> hello, welcome to tax the rich, save america. a big warm welcome to the here.sswoman for being we will start with a 30-minute overview of the federal tax code and then we will hear from the congresswoman. we will have a discussion. if you want to learn more about what we are doing, please visit erich.com.ch -- taxth and there you will find the tax code and easy to understand language. unlike other universities we could mention, ours is free and useful. morris, you are on mute. >> sorry. i'm a computer engineer by training. i have spent the last 10 years -- i have worked exposure.ing risk one day at the top floor of a bank building in athens, i walked over by the window. i did not want everyone to see i was having a second -- a second chocolate pudding from the bath a dutch from the buffet. i looked behind me at the bankers of the table and i saw a protest and a riot. i wondered how we were helping anybody. a few months later i left -- three-your career on wall street. >> hello, everyone. my name is chuck connors. my great grandpa

it makes us rich. it has made the world rich in ways that are really the contrast in the way people can organize using the prospects for the future to build an economic life now that secures that future. it's extraordinary. it was truly a radical change in our relationship to time our lives and how we can build a future for ourselves and our children . that'sall great . the flip side though is it comes with a systematic failure mode in because human beings are less rational than they thinkthey are . and money mania seems to be an integral part of the way finance works. so i can say with absolute certainty that we will have a major downturn. if i live a normal lifespan, certainly within my lifespan. i feared sooner than thefull extent of how long i might live . and i couldn't possibly, one of the things we see is we don't know what it is that when the various frailties that affect modern finance. leverage, contagion, unstable relations between parties that these kind of things occur in different setting

how does that even happen to be a regular person's taxes to a rich person. let's begin. >> so the two people joe and to me worked 40 hours every weekend together they made $100,000. just above average they are married, they will file taxes jointly after taking the standard deduction and paying into social security and medicare they end up a $75200 in taxable income. >> let's step back and explain some things so here you will see a chart of the federal tax bracket how much you pay at each level of income this is married filing jointly. everybody gets a standard deduction is basically the amount the government says you can keep that we only have you pay taxes above the amount so that means you pay a slightly higher percentage the more you make after the standard deduction they will pay 10 percent on the first chunk and percent after that until they max out at 37 percent rate any income over 622,000 everybody pays the same way moving to the tax brackets with you make 50000 say it is the same as a millionaire in the first 50000 they all max out at 37 at 622,622,

rich: it is number one. it is people's lives.ation in virus infection rates over the last few weeks, now approaching 70,000 -- that translates into probably more than 1000 deaths a day. there is no sign we are taking bold actions to get that under control in the short term. in the medium-term, we are hopeful that a vaccine will come along. you have the obvious health risk to your customers, workers, the communities in which you live. that is job one. second is the impact on the economy. in the recent past, has been managed well. the u.s. has done a good job with the response, back in april, the stimulus that was passed, but we are losing the after effects of that. the extra income that we are giving to consumers, we are losing that right now as it is wound down. we have to sustain the economic momentum that we have created. david: as you talk to ceos, how much do they need, want, expect from the federal government when it comes to dealing with this virus? do they want more of a plan, the way vice president biden talks about? do t

was rich before and now i'm obscenely rich and sell my share. he had a large enough pile of shared, took six weeks to sell them. he was trying to avoid move thing market by bailing out help got out at roughly half the value it would attain at the peak. so a vast -- so he made a net profit of 250,000 pounds. 20,000 pounds were millions.: it's many, many millions and he stayed out. he kept his money. >> you said the -- a huge hospital in london. a major medical center. which is a nice story to -- there were happy stories, happy endings, and i think this is a good story to tell particularly -- as book store readings, events, because he was a book seller first. >> who made good. >> yep. okay. that seems to me a good place to wrap unless you have one last thing you want to tell us. >> i want to say, one thing which is thanks to harvard book story. one of the great book stores in the country. i've been buying books from them since 1976, and i am so glad their stale around and whether or not anybody wants to buy my book, please buy some books from them

you're more likely to walk free if you're rich. or if you're poor. you got. one now. so you should be seen here and a whole lot more than you're saying if you don't take that advice easy going to dig yourself a whole. night . and i used to make it a date easier and also to go on drugs used to focus. group. food before school clubs or car during his time to fit life to music that. i love to jazz because the big screen. i love to dance because he makes me happy playing with the food and i think. when you go to take it you are now seeing. the bad guys and because they spout off about. the current. public. welcome back to crossfire you're all things are considered i'm peter lavelle to remind you we're discussing the 1st presidential debate. ok let's go back to a doctor when you were making a point for going to the break please don't write it so the point is that it's been the foundation of american history that we separate the poor from the rich right and the way they do that is that the rich make the poor not focus on the real issues at the convention they do not focus o

that should not be rich. and i havel that way kind of watched it happen that way and i don't mean to put you down, but i believe mr. biden -- well, i just don't see their agenda as being successful in the time he has been there. host: we will leave it there and let our guest respond to that. guest: a lot of people don't realize how progressive our tax system is. the rich in america, there was an international analysis done, they pay the largest share of theirx burden than do counterparts in any other industrialized country. the top 1% of taxpayers in the united states pay 40% of all of the income taxes while the poor in america have the lowest tax burden compared to the poor in other countries because we do so much through the tax system with things like the child tax credit, the earned income tax credit, aimed at low income alsoe who work, is refundable. system lot for the tax to redistribute income from the top of the income scale down to low income people. we do much more than any other country. to try to

it also made the rich worse off.tions when they think they are just taxing the rich they are not, they are text will rich and destroying jobs and opportunities for the poor. that is the crux. no one talks about that. the bar owner, it wasn't his fault but it is not the taxpayers fault. why would you take one blameless person's money away from him and give it to another blameless person? that makes no sense. these arizona taxes will work badly. stuart: and politics of it. >> we are in the midst of this politics and believe me when i tell you i've been through this a lot of times, a lot of years and i watched this, it would not work out well for the poor, believe me when i tell you it will work out very badly for them and very badly for the country. we are about to go through another round of it. i watched this happen so many times and so have you. i worked with bacher. stuart: i'm trying to get to margaret thatcher. trying to get there because it was margaret thatcher who stood up in the house of commons and said the

organises i worry that my grandchildren won't be able to experience it and its beauty in all its richness and for literally. for marine research or 3 bezout the plan isn't to cool off by reducing some might not to mitigate the greenhouse effect itself. he wants to influence the oceans in such a way that they absorb greenhouse gases from the atmosphere and so reduce the very thing that causes temperatures to rise. is an issue does a good day to us assist i'm excited about the idea of rescinding so many people it might sound a bit like playing god let's but after all we change so much on land. deviates are largely our wildly active and don't think twice about land clearing here or creating another manmade ecosystem their system. but when it comes to the sea we find it hard to say why we shouldn't make sensible changes as far as. the oceans are already a gigantic c o 2 reservoir 50 times larger than the atmosphere they already absorb a quarter of our greenhouse gases is that the limits of the oceans potential or is it possible to make them do a little more. just . rivers al had said an inter

where the pandemics widen the gap between the rich and poor is total quarter reports. over a 1000000 people across the globe have died from coronavirus related causes says billions more continue to struggle with the pandemics economic consequences things are looking up for the world's billionaire minority for the 1st time ever their collective wealth has surpassed 10 trillion dollars billionaire wealth equates to a fortune and almost impossible to spend of a multiple life terms of absolute luxury anyone accumulating riches on this scale could easily afford to raise the pay of the employees who generate their wealth will contribute a great deal more in taxes to support financial public services and all the while jobs are disappearing at an alarming rate the super rich good have been richer while maybe the people around the world lost their jobs does not a coincidence this is how the system works might be time for governments to step in right well they already have in fact they're helping the ultra rich get even richer thanks to a loophole in the us as coronavirus relief

the cold nutrition rich want to have would be pumped up points floating wind turbines could provide the required energy . when it reaches the surface the deep water would cool riyadh but above all it would fertilize the opera layout of want to climb tone would begin to ground absorbing c o 2 from the ass and when it dined it would take the greenhouse gas with it into the dams. there's already a lot of upwelling here but the question is could we do it in regions that are completely unproductive today we call them oceanic deserts they're not dry but they're nutrient so nothing grows they make up a good 50 percent of the oceans these so-called deserts. the idea we're looking into is this if you artificially create upwelling there you could absorb more c o 2 and you could also boost the fishing yield. there would have to be thousands of these systems in the us. to make a real difference. in limas military force or free bazaar shows us his experimental san tops the aim of his research is to better understand marine food chains. because the floating racks mizo calls on. this is what artificia

why is it that the rich are getting richer and should we be concerned that this is happening this is not really a new trend at all the rich have been getting richer and the poorer for quite some time that there are a couple of reasons for this one of them is that over the past few decades and this is a global trend the rate of talks of the super wealthy in paying has actually fall and the argument for this is that it boosts innovation and it creates jobs but the effect is that these super wealthy individuals have a whole lot of money to play with and much of they do with that money they put it into the stock market often investing it in super risky but high yield offsets that you or i would be too sensible to invest in but that means that they just keep keep getting wealthier and wealthier and i think the effect of that is that what happened to the stock market has a one on one relationship to what's happening to billionaires and that is one reason that people see. what's happening the stock market is very poor reflection of the overall health of the economy and the well being of its

all the trouble in the world and eat the rich. he is more one of the funniest writers around. he has more citations in the penguin diction than any other living writer. what they often miss when they talk about the humor is a good reporter. parliament of horrors is a very funny book which also a very perceptive analysis if you read eat the rich. you will learn more about how countries get rich and why they don't then in a whole year of economics at most colleges. those two books as a christmas gift. he has taken the careful study. in his need to pay college tuition's and his despair to write the greatest book. a cry from the farm middle. so pj, welcome back to the institute let's start by asking what is the farm middle. i think it is where we libertarians have always been. we get out of our way. we owned the middle of the road. we've always found ourselves. they have always found him or herself. trying to be reasonable. it's not just the angry left. it is just the maid -- the regular left. we have always gone straight down the middle. we better get our message out right now. w

how are rich people doing? he passes as one of his first orders of business a tax bill benefiting the top 1% in the biggest corporations in america. let mee tell you something. joe biden and i are about to get rid of that. >> host: senator harris and nevada yesterday. compare that to vice president mike pence who is in greenville, south carolina and here is what he had to say about the comparisons between president trump and joe biden on the matters of law enforcement. >> men and women serving in law enforcement are the best of us and they deserve the respect of every american every day. [cheering and applause] now joe biden and his running mate often say they think america is a systemically raci racist. [crowd boos] and worse still, they both say that they believe that police officers have a quote, implicit bias against minorities. [crowd boos] joe biden was asked if he would support cutting funding for law-enforcement and he replied yes, absolutely. kamala harris recently praised the mayor of los angeles for

how countries get rich and why they don't then all your of economics at most colleges. that's why i recommend those two books as a christmas gift giving friends and family and expensive college course in science and economics and the existential despair tonight his latest book a crime is a pleasure to welcome the hl mencken research fellow at the cato institute, pj work. one - - work. welcome back to the microphone and to get out of the way in the middle of the road we was yourselves i think everyone seems to be libertarian between the poles of the angry left and the angry you write and trying to be reasonable is the regular left for the social conservatives going straight down the middle and get the message out right now because the country seems to have lost that. host: in 1980 charlie with a libertarian presidential candidate and for a couple of days and then to say we never make it in what is extreme sending american boys to die in countries they've never heard of taking half of the working man's wages, that is extremism there is such a thing as an extreme libertari

and if you read eat the rich to learn more about how countries get rich and why they don't and in a whole year of economics at most colleges. that's why i recommend those two books as a christmas gift . give your friends and family a very inexpensive college course in political science and economics. and now he has taken his careful study of politics and economics and his need to pay college tuitions and his existential despair to write his latest book, a cry from the far middle. it's a pleasure to welcome the 80 mencken research fellow of the cato institute, p.j. o'rourke. so pj, welcome back to the cato institute microphone and let's start with asking what is the far middle? >> well, i think it's wherewe libertarians have always been . radical moderates, militant moderates even. we get out of our way, we own the middle-of-the-road. people always found themselves and i think everyone who feels himself to be a libertarian as always found him or herself to be caught between the poles of the angry left and the angry right, trying to be reasonable. in fact it's not just the angry left and th

will debate that with our investment committee joining me, joe, steve, carrie, the ceo of arius and rich sapper stone from cio, one of baron's top 100 financial advisers we watch the market. we find ourselves negative we're keeping our eyes on the hill and what may lie ahead in terms of stimulus. let's bring in our guests today, arguing that stocks might not be so close to new highs for very long mike wilson, morgan stanley, back with us good to see you. >> glad to be back. >> 10% correction is the most likely outcome why is that? >> it's a continuation from the call we made in september where we got a 10% correction. we walrallied back all this comes back to our framework. we look at the valuation it's pretty full volatility has picked up because of the events they know are out there, whether it's the virus, the second wave, or the election the premium we believe is a bit understated from where it should be that's all we're saying. it's full here these risks are not going away for the next 30 days they'll be with us so, look, the range we put out in august, 3,100 to 3,550 holds. we're s

rich greenfield told us that last week, they have the hulu problem. a lot of optionality here at a time where i think netflix pulled forward, a lot of demand, they are likely to see massive deceleration and i think disney probably sees pricing power and the ability to bundle with hulu and espn plus, this is obviously a great move for disney. >> and for more, let's bring in rich greenfield, media and technology analyst great to have you with us. what is your take and you have a sell rating on disney, does it make you more optimistic >> this is a brilliant move in terms of first steps like disney had to figure out how they decided who made decisions. when you are making lots of content, the real challenge right now is does this go to a cable network, the movie theaters, to disney plus there was all of this intern with withal debate over which content went where unlike netflix which only has one price or amazon prime where there is only one place, with disney, there is 20 different places for content to go so step one obviously is are you actually puttin

did it since then we just have seen people essentially help the rich more than they are the people who need it by creating jobs and again let me underscore obama did not do it either through a conversation here thank you so much rick sanchez host of the news of record sanchez and professor richard wolfe host of economic update thank you that's all for today but let the next time. this class as american citizens need to blast off that spot. for an attack on the other. guy and i think. i would vote for the republican i would vote for anyone who is not you and has half a brain defeat. is if you get. a 2nd wife. she can handle it. she and i divorce because trouble is what the president and i for good for her and she didn't feel. that way and the most important election. in our history. list of the months to go before the next presidential election how is the atmosphere in the us now. want of the highest priority programs how will they vote which they do next. just some of the questions we put to the american. taxpayer survival guide look stay single malt to start simply at lisa's. be sure

there's been a problem with the city goes to the rich and always doing well a little bit cold this is the food this is the way it's yeah it's the 4th. vulnerable on the streets to become invisible. just hours after president donald trump tweeted for congress to halt stimulus negotiations pushing stocks down while the president is reversing his course on a call on congress to pass relief for airlines paycheck protection programs for small businesses and a new round of $1200.00 stimulus checks for americans trump announced these new measures that we have twitter lay on tuesday and said that he's ready to sign these measures and he's ready to sign them now to take a deeper look at what this means we're joined by host of the news with bricks and. self and host of economic day professor richard wolfe gentlemen thank you for being with me today rick let's start with you were just weeks away from the presidential election president trump is clearly frustrated that he can't be out on the campaign trail with after having tested positive for corona virus he's been without symptoms for a few day

they weren't rich. >> the story of the loss of this land was a wound that was festering. she almost magically finds these deeds in the county courthouse in south texas. >> to mow, e, it was like extre happiness, just to know that my people had been right in what they were saying. the most interesting thing about those deeds is there was a royalty clause in there. so it allowed for us to do something in court. >> nobody got rich from this case, but i think the bigger significance was to have history rewritten or corrected in a sense. you know, the story of texas has been told through the eyes of the angelo settlers. we've been excluded from that story of texas. so i think the significance of the case is much wider. >> my happiness in this is that we prove what we had already stated. my family was vindicated. the system does work. even if we're mexican-american or any other ethnic group. it takes time. a lot of work. and it works. less oral steroids. taking my treatment at home. nucala is a once-monthly add-on injection for severe eosinophilic asthma. not for sudden breathi

percent for the 99 percent oh they've gone down and down and down so the new normal is you can't get rich again by hanging out. and joining the middle class like you goes through the new normal has all of the year increase in wages in service in rents and in monopoly prices so that they mark the new normal is the market is going to shrink and shrink and so we look like greece looks up in the last 5 years the think of the normals looking way routes that if. ok stephen i'm really glad that michael brought up the 2008 financial crisis as we have a reputation a reputation about it and it is this year where this was a artificially induced recession it benefited the one percent you can't not keep stressing that year when what 202020 in 2008 haven't come in is that you have this massive transfer of well upward upward again ok and so again i mean my underlying theme in this whole program is that perhaps the country liberty speaking specifically about the united states that michael's reference to greece is a perfect one i think you're basically writing off tens of millions of people america hundre

the point is that it's been the foundation of american history that we separate the poor from the rich right and the way they do that is that the rich make the poor not focus on the real issues at the convention they do not focus on the real issues how much are you paying your tax dollars how much is your health care cost how much money are you getting back as a work thing status and where the minimum wage the federal minimum wage is still well these are issues that they did not focus on at either convention i agree with you wholeheartedly and they missed the boat and they're missing a lot of americans and in their money in the wires by having these this infighting like we saw in the debate last night that dez not ever not a single question truly a jest what the middle class needs to hear coming out of the pandemic of oscillators you know georgia me if you look at polls and it's bipartisan you know it's either that $12.00 or 3 issue is health care but both parties they want it they want to train they want to. go on the margins of changing this adding this difficult there's no real i'm

debt by the rich goes up the servicing shock goes up and it came at the expense of what is incomes and that turned up in the system as well and then in the response to the crosses. economists who know nothing about capitalism they know a lot about a blackboard model that i call capitalism which is bears no resemblance to the real thing this solution was to boost consumption is what they call the wealth effect and the wealth effect was to make shares go off in value and had property go up in value and then people would feel wealthier and spend more the trouble is the doing the people and not putting him down to people with a wealth of bill gates and bill gates might buy one and soon it will them illness of vinci's koda but he doesn't go shopping it kind out and that's what you need to get demand going up and it's the poor you've got to direct the spending through so we had a capitalist process that increased inequality and then the response of the managers made that inequality worse michael did so good program oh i don't like the word transfer of wealth you are trying to transfer of wea

dan loeb said -- for more let's bring in rich greenfield great to have you with us.been a disney critic for a long time. you have called for a lot of these things that mr. loeb is calling for himself. back in may disney announced it was suspending dividends for the first half of the fiscal year. does it come back to there isn't a dividend to allocate >> disney is facing a perfect storm of challenges. theme parks, some are still closed like california. governor newsom said they are not opening soon the florida parks are open, but that is a technical term there is well under 50,000 people on a daily basis. normally there is 150,000 to 160,000 people on an average day. the parks are pretty empty overall they are in a tough standpoint the crews ships are not in operation. movie business, can't release a movie until late to middle next year in the near term the dividend -- they will probably be spending the dividend until the business is back up and running the way it normally would be but we 100% agree with everything loeb argued for in that letter. that's what disney ne

you're more likely to walk free if you're rich and guilty or if you're poor and. you've got 2 eyes 2 ears and one mouth. so you should be seen in here and a whole lot more in your sand if you don't take that advice easy going to dig yourself. hello and welcome to cross talk we're all things are considered i'm peter lavelle the 1st presidential debate exhibited lots of like but not much heat one can argue neither candidate lost me neither one a perfect reflection of the nation's politics with the campaign coming to an end do the debates have any meaningful impact is there such a thing as an undecided voter. to discuss this and more i'm joined by my guest leon jones in panama city beach she is an attorney and a former state director for bernie sanders and 2016 and in dallas we cross to george c. he is a businessman conservative political leader as well as a former senior advisor to marco rubio's 2016 presidential campaign or across up rules in effect that means you can pick up any time you want and i was appreciated always go to george in dallas that as i said in my

i'm really rich. >> during 2016 campaign donald trump kept promising he was so rich.would self-fund his campaign. pledging to spend as much as $100 million. but as election day drew closer the campaign noticed the money was coming up short. new reporting from a "new york times" ability the $10 million check that trump eventually wrote in the final weeks of the campaign. to make good on the promise to self-fund and where it might have come from. according to to public records seen by the times, more than $21 million in what perktss describe as high lie unusual payments originated at his las vegas hotel. and flowed through a company. which had little previous income. no clear business purpose. and no employees. wind up in his pocket. according to the times his hotel wrote off all the millions of dollars as a business expense. which would have allowed the hotel to lower the taxable income. if it wasn't a legit expense. the deduction could be illegal. and the money could be considered illegal campaign contribution. surprise. a journalist whose non-profit got access to tru

anyway, for more on vice president biden's tax plan, and what defines being rich, being rich is justt of this cnbc family, i think, andy pusner, former cke restaurant ceo and seth hanlan, he's with the center for american progress action fund. i have no idea what you drive, andy, and seth, and it doesn't matter so who wants to start? i was looking at some of your notes, seth, but you acknowledge that maybe 400,000 in some cities is not rich but then again, and i agree with you, these aren't people that necessarily are having trouble going month to month usually in terms of food, and food security, and, you know, paying rents, things like that, right seth >> sure. i guess, i don't know, i don't know if the labels matter here, whether you want to call it rich or affluent, it's sort of not the point here i don't think the point is to label people, and there isn't a hard line. a hard line he's drawing is that no one under that gets even a penny of tax increases, right, so that's the point. he's defining who doesn't even, there's no chance of getting even a penny of tax increase under 400

author of 20 books including holidays and hell, all the trouble in the world and eat the rich. one of the funniest writers around is more citations in the penguin dictionary of humors dictations at any other writer but what people often miss when they talk about the humor is what a good reporter and insightful analyst he is. it's a very funny book, also a perspective analysis of politics in a modern democracy and if you read the rich, he will learn more about how countries get rich and why they don't then in a whole year of economics at most colleges. that's why i recommend those two books as a christmas gift. give your friends and family and inexpensive college course in political science and economics. now he's taking his careful study of politics and economics and his need to pay college tuitions and his existential despair to write his latest bo book, "a cry from the far middle". it's a pleasure to welcome the research fellow of the cato institute, p.j. o'rourke. p.j., welcome back to the cato institute microphone. let's start by asking, what is the far middle? >> i think i

thanks so much >> seth: "filthy rich" airs mondays at 9:00 p.m. on fox.as the theater i came to quite often. the support we've had over the last few months has been amazing. it's not just a work environment. everyone here is family. if you are ready to open your heart and your home, check us out. we thought for sure that we were done. and this town said: not today. ♪ ♪ have your attention. [sound fx: bing] ♪ pull up a seat begin the lesson ♪ ♪ ba da bum, lets go mmm, sorry ♪ i got that, ♪ you got that, ♪ we got that ♪ boom i felt gross. it was kind of a shock after i started cosentyx. four years clear. real people with psoriasis look and feel better with cosentyx. don't use if you're allergic to cosentyx. before starting, get checked for tuberculosis. an increased risk of infections and lowered ability to fight them may occur. tell your doctor about an infection or symptoms, if your inflammatory bowel disease symptoms develop or worsen, or if you've had a vaccine or plan to. serious allergic reactions may occur. learn more at cosentyx.com. i think you mea

right now the american people say raise taxes on the rich. big news today in my mind was polls showing where as president trump had the advantage on one issue in this campaign, that he was a better steward of the economy than joe biden would be. now they are tied on this issue. >> yes. the "new york times" this morning. i will pay for a subscription for you. >> i already have one. >> the key reason is news of the day. president trump the deal maker can't get mitch mcconnell to turn his attention to the fact that so many americans are unemployed and facing bankruptcy and poverty and get a stimulus package out. mcconnell says republicans won't do that. >> house speaker nancy pelosi won't do a deal -- >> no, in fact. it's mnuchin trying to negotiate a deal with pelosi. the one who says i am not doing it is mitch mcconnell. >> dana? >> the senate democrats blocked a vote to provide 105-billion dollars to students and 16 billion dollars for testing and $20 billion in child care and money to the postal service. nancy pelosi played this well. the pr

he is trying to drain the very swamp that they got so rich filling. with all that at stake, for wall street, the democrats, the mega donor class, they just haven't bought ads with all the money they gave. they've actually bought the media. >> the president deploying a racist attack -- >> appeals to racial prejudice and xenophobia. >> one group of generals that the president is standing firm with. dead, racist losers. >> donald trump makes richard nixon look like a family therapist. >> what's on the ballot is a choice between democracy or some russian form of dictatorship or autocracy. >> laura: these people are just completely deranged. lost all credibility. why do you think amazon's jeff bezos, owner of the richest men in the world, both "the washington post"? just as a hobby? because he wants to get tough on china, a lot of exposes about the musli uighurs. steve jobs bought the "atlantic" magazine. you think she cares about your wages? making sure that wall street and big business has to pay more money? of course not. here's the bottom line. no one,

be time for governments to step in right well they already have in fact they're helping the ultra rich get even richer thanks to a loophole in the us as coronavirus relief package the wealthy ended up getting around $1700000.00 worth of handouts and another $133.00 large companies received $5000000000.00 more from the treasury as for the u.k. over $12000000000.00 of government stimulus has gone straight into the pockets of corporations for the rest of humanity it's unfortunate because extreme poverty is only getting closer to home between 88000000 and 150000000 people could fall back into extreme poverty as a result of the pandemic with an additional increase of between $23000000.35 in 2021 potentially bringing the total number of new people living in extreme poverty to between one $110000000.15 the world bank defines extreme poverty as living on less than $1.90 a day so as the ruling class continues to collect the billions of dollars in government charity you have to wonder how exactly society is benefiting as a whole from this degree of inequality it is a manifestation of capitalism

history david welcome to you going underground people watching all around the world know about how rich the united states is they see the glamorous images of middle class america arguably who are the middle class in the title of your book the sinking middle class. well depending on whom you're talking to it's either of 40 percent or 96 percent of the u.s. population politicians in particular want to claim that higher figure and regard this is a group that they can talk to in an undifferentiated mass and if they can win this 96 percent obviously they win the election i think the middle class is bound to be an amorphous term because it doesn't like the working class to find a really material position in the world it's it's a subjective position in the world that traditionally has been around categories of entrepreneurship white collar labor sales labor middle management those give us the bulk of the of the u.s. middle class at least in the 20th and 21st centuries but you can see in just naming those categories that they don't really fit together in any particular way or have a common set

but not one republican said what rich said. lindsey graham didn't say it, thom tillis didn't say it, ted cruz didn't say it, john cornyn didn't say it, mike lee didn't say it, none of them said that. they are all giant hypocrites. >> i think as you conceded, she said what i said she said, which is the president has the power. >> but why did she say the two previous things, why did she say -- did she bring up something that was meaningless? no. she went to great lengths to say the difference between judge kennedy, why bring that up? why bring up something meaningless unless you're not -- if you're actually not being genuine. >> what she said is when you have someone with similar ideological leaning as the vacancy, it is not going to be as politically contentious. but the president has the power to nominate, and the senate has the power to act or not. and the president clearly, many, many cases -- >> by the way, is she of the same political leaning as ginsburg? >> why won't you let me finish my point? so when the president and th