35 Burst results for "Tax Rates"
G7 Finance Ministers Agree to 15% Minimum Global Tax Rate
"From the G 20 countries reached a tentative agreement over the weekend on a global minimum tax for corporations. The Biden administration is pushing for that, but it still faces uncertain prospects in low tax countries such as Ireland, as well as the U. S. Congress.
G20 Greenlights Global Corporate Tax Rate of at Least 15%
G20 Economy Ministers Endorse Global Tax Deal
"Ministers from the G 20 meeting in Venice, Italy, have endorsed plans for global minimum corporate tax of 15%. Companies would be taxed by their home countries of their profits Overseas Go untaxed, it seemed to deterring companies from moving profits to low tax rates. Countries
Biden Tax Proposal Means Your Beneficiaries Will Have to Pay Taxes, Too
"And maybe you've drawn up a will. And you say, you know what? I'm going to leave my home. My kids. When I die, That's what most people do, don't they? Leave it to Freddie. Mohammed Sally, Whatever. And so in the federal tax code, they have a way of Evaluating these things. Take a look at this. So how do they tax this? How do they taxing? Well, if you don't meet a certain threshold, they don't tax it at all. But Joe Biden wants to hugely reduce that threshold. And Joe Biden wants As a as an example a real property that's valued at over a million dollars at the time of your death. To use the value at the time of your death as the basis for the property. For which a capital gains would be paid, But he wants the capital gains to be the same as the regular income tax. So what is he doing here? He's massively increasing the tax rate. So there is no distinction between capital games and personal income tax. He's massively increasing. The value of the property. So you'll be taxed on the higher value of the basis of the property. What does all this mean? Oh, So convoluted. Means that most of you who are in the middle class who are not millionaires when you pass away And your property is passed on to your kids or whomever. They're going to have a massive tax bill.
McConnell: 'Good Chance' for Infrastructure Deal After Talks Unravel
"President Biden may not be involved anymore, but infrastructure talks continue foxes Jared Halpern live at the Capitol. The top Senate Republican Mitch McConnell says lawmakers have not given up on striking a bipartisan agreement on infrastructure. The reiterates GOP opposition to raising tax rates to do so. But there are other ways to incredibly pay for a major infrastructure bill, and I think it's good chance we've got there. A group of five Senate Democrats, five Senate Republicans have opened talks on finding consensus. So too, is the bipartisan House Problem Solvers Caucus. Those talks follow a breakdown in negotiations by Republican Senator Shelley Moore capital and President Biden after differences could not be solved over the size and scope of spending and how to pay
Biden Ends GOP Infrastructure Talks, Starts New Negotiations
"President Joe Biden walks away from talks with Republican senators on a big infrastructure package president Joe Biden has ended talks with Republican senators on his proposed infrastructure package now plans to try to build a bipartisan compromise with Republicans and Democrats Biden walked away from talks led by senator Shelley Moore capital after the two spoke Tuesday the size of the package and how to pay for it remain stumbling blocks the president wants a one point seven trillion dollar infrastructure investment plan Republican senators offered nine hundred twenty eight billion dollars and proposed tapping unspent covert nineteen money Biden has rejected dipping at the cove in nineteen funds and proposes raising the corporate tax rate from twenty one percent to twenty eight percent Mike Rossio Washington
G7 Nations Strike Deal to Tax Big Companies and Squeeze Havens
"Of the G seven rich gang of countries coming together for what they call a landmark deal to try to end offshore tax havens. Basically the idea being that Companies. Large companies such as Amazon, Facebook, and so on, should pay more in the countries where they do business, so they can't just say that, actually, even though they might sell in your country, they belong somewhere else because they happen to have set up shop, little brass plate in an off shore tax haven. Is it actually going to work or not? It's Going to be a subject, which has been kind of going to be argued over the claims of the rich countries. Alex Cobham is chief executive of the Tax Justice Network. He knows this stuff in depth Tax Justice Network is an advocacy group. Campaigns for tax avoidance. Can you first, just just describing a sort of a capsule form? How this plan is going to work? I'm trying to explain it in the introduction, but you're the expert making companies pay more in the countries where they do business. Is that gonna work? Yes And no. So there's two. There's two pieces here. One is the bit. That's that's kind of had more profile, I think, which is taking a small bit of the profit of more or less the 100 of the very biggest and most profitable multinationals. And saying, Okay, A bit of that above the 10% profit margins are above a very high margin is going to be taxed in the place where you make your sales regardless of whether you managed to get your profit somewhere else, But that's going to bring in the TV thinks between five and $12 billion a year of additional revenue. So it's not nothing, but it's not really very much. The other part is actually a big deal. And this is a global minimum tax rate. That's the idea that all of the biggest multinationals, perhaps eight, or 10,000, Will have to pay in every country at least 15%, and that's potentially dramatic that could bring in between about 275 and $460 billion in additional revenues each
"tax rates" Discussed on NPR's Business Story of the Day
"Global multinational corporations have long been criticized for not paying their fair share in taxes. The finance heads of the world's seven biggest economies came to a deal over the weekend that aims to change that the agreement seeks to establish a global minimum tax rate of fifteen percent companies. Would pay this amount no matter where their headquarters were located. So what impact could this have on global economies. We're going to talk about this with david. Wessel director of the hutchins center at the brookings institution and a regular on our program. David nice to talk with you. Good morning so explain. Why disagreement is such a big deal. One big issue is that multinational corporations are global but taxes are national and many big companies have learned how to use the variety of national tax systems to cut their tax bills so the biden administration wants to raise the corporate tax rate. Actually so do. The british but raising corporate tax rates is really hard when other countries have much lower rates and big companies are so skillful at maneuvering to book their profits in the low tax countries so restrain that competition the g seven. The group of seven said that every country should have a minimum tax rate of at least fifteen percent and they've device. Something called an underpayment mechanism to nick. The countries that are not To don't go along with that. Here's how janet yellen the treasury secretary. Put it over the weekend in london for too long. There has been a global race to the bottom in corporate taxes. We're countries compete by lowering their tax rates instead of the wellbeing of their citizens and natural environments seven his taken significant steps this weekend to end the existing harmful dynamic so talk more david about what yellen calls the existing harmful dynamic. I mean how does this. New agreement differ from. What's happening now. The second big problem that they have is that companies like facebook. Google amazon and apple can make lots of money in a country without having much physical presence there and the system for allocating profits among countries which dates to the nineteen. Twenties is broken down france. The uk italy and other countries have imposed. What they call a digital services tax on these big digital tech giant's all of which are us based so the obama the trump and the biden administration all have fought this the g. Seven deal outlines an alternative a formula for taxing the hundred or hundred and fifty most profitable big global companies importantly not just these. Us tech firms and then finding a way to spread the revenue around all the countries of the world where these companies do business. So they've come up with this agreement. When can it be acted upon what has to happen before the. Us and other governments start collecting more taxes from these corporations good question. There's a lot to do i. There are all sorts of unresolved details and in taxes in particular details matter. Like how much do you get to deduct before. This minimum tax applies and of course although the g. seven is a big slice of the world economy. It's only one slice so the next step is to get a larger group of countries called the g twenty which includes china and india to go along. Their finance ministers are meeting in venice in july but the big hurdle may be the us congress. Which would have to approve any changes in us tax law and approve any new tax treaties. Still the fact that the g seven got an agreement is a significant step towards addressing a problem collectively that has vexed global governments for a really long time and cut into their tax revenues. All right david. Wessel is director of the hutchins center at the brookings institution. David thank you. We appreciate it. Welcome this message comes from. Npr sponsor ford. A large chandelier dangles directly above a stationary all electric. Mustang mach e. It's held aloft by an intricate police system. Attached to the rear of the vehicle visit four dot com for a gravity defying display of torque..
G-7 Nations Agree to Back 15% Global Minimum Corporate Tax Rate
"The group of seven nations meeting in london reached a historic deal to reform the global tax system for multinational companies. It imposes a minimum global corporate tax rate of at least fifteen percent to prevent companies from booking earnings in low tax rate
G-7 Nations Agree on New Rules for Taxing Global Companies
"Bloomberg News Room. The world could be headed for new tax rules. G seven finance ministers have just agreed on the outline for a plan. To set a global minimum tax rate of 15%. This could hit US tech companies who take advantage of cheaper overseas tax rates. The G seven is expected to try to sell some 140
G-7 Back Steps to Deter Tax Dodging by Multinational Firms
"Ministers from the G seven Group of Leading economies say they're confident of striking a deal in London today on taxing multinational companies. Have been discussing President Biden's proposal for a global minimum corporation tax rate of 15% to ensure that large companies pay their fair share. Faisal Islam reports agreement has been reached on the principle of a minimum Global corporation tax rates and on the scope of efforts to target the activity of around 100 of the very largest multinationals. Many of them big tech firms. Some haggling remained, though, over whether the minimum rates would be set at 15%, or at least 15%. The USA also as countries too, quickly drop their digital services taxes. Should the deal be struck? The
G7 Finance Ministers to Meet in London
"Ministers from the g seven group of nations. Meet in person here in london. Later and britain's chancellor has ambitions to forge a joint path on one of the thorniest economic issues of all time business taxation. His plans for proposed a proposal earlier this week by the us to introduce global minimum corporation tax rate of fifteen percent while to assess what nations will want from plan and whether she soon equil- convince all of the g seven ministers to agree. I'm joined by rob cox global editor reuters breaking news breaking views and he joins us on the line from our xerox. Judy ever good morning to europe. Good morning how are you very well. Thank you good to have you with us on the globalist. This is the first meeting for some time. All these ministers isn't it not lethal logistical reasons. Yon i mean it is. I think their first face-to-face meeting of jesus just g seven finance ministers since the since the pandemic began so quite significant. They'll get to look each other in the eye and try to get to some consensus on what has been one of the thorniest as you pointed out issues among rich countries for for decade. Doing know what that plan is what the idea is at the moment. Well there is. There are various plans out there. But the main idea is the one being pulled together has been pulled together for for years now by the oecd. It involves something like one hundred and thirty seven countries and the idea is to basically come up with with a minimum corporate tax rate. The administration has well yellen. Ah janet yellen the treasury sectors ford fifteen percent joe conto seems to be holding out the idea that could be higher if we don't get my way i think he put forward originally twenty one percent That seems to be in line with what you're hearing from the uk from other members of the g. seven italy
Biden Speaks With Republicans’ Top Negotiator on Infrastructure
"Biden is floating a new offer on infrastructure spending during a meeting yesterday with the gop's top negotiator west. Virginia senator shelley moore capito biden. Put forward a one trillion dollar proposal and outlined options to pay for it without raising the corporate tax rate. That's according to people briefed on the matter. The to plan to speak again tomorrow.
When They've Cut Taxes for the Rich, Government Revenue Has Gone Up
"Tax revenue to the government is actually gone up. Ladies and gentlemen, it's not open for dispute. I know liberals are pulling their hair out flying at their faces right now screaming, eager to call in the show say, my liberal sociology professor told me otherwise. He's an idiot. I'm sorry you could actually go to the government Treasury tax tables and see after Reagan. So when they cut the tax rates, people with money, went back and took that money and invested in the economy and what happened. People in the economy. They invested it in, got more jobs and paid more taxes. The economy grew So even though it was a smaller percentage of the money from the rich. The pie was so much bigger that the revenue was higher matter Fact it doubled from the time Ronald Reagan got into office until he left. By the way, liberals you couldn't do that homework yourself. It's very easy. What about inflation adjusted yet even inflation adjusted. The tax revenue went up dramatically. Andy Puzder is a great piece of real clear. I really, really need you to read. It's fantastic about Biden's lies. It's called Biden and the 1% in my newsletter. Dated June 2nd 2021. You've probably been told right. The 1%. They really got over on the trump tax cuts right? Liberals told you that media people who have no idea what they're doing. They can't even do journalism. No less economics. They told you was all for the 1%. Definitely. Really. Here's a quote from Andy Puzder's piece using, you know, data and facts and
Biden Lied About His Academic Achivements Then, Biden Is Lying About Cutting Taxes Now
"Fairy tale about his massive academic accomplishments. Jim found that during the break, remember this one from 1988 Check this out. I went to law school on a full academic scholarship. The only one in my in my class have a full academic scholarship, went back to law school, and, in fact it up in the top half of my class. I was the outstanding student of the political science department. At the end of the year, I graduated with three degrees from undergraduate school. 165 credits only 123 credits. Yeah, The problem does none of that's true Or maybe 96.2% of it's untrue. I don't know 3.8%. Maybe I'm not really sure. But most of that is, in fact false. His bite is a liar. Well, certainly you did. You're gonna waste the whole segment, telling us what we already know. No, I'm not wasting segment. I'm establishing He's a liar because he's lying to you again about your wallet, and it's going to kick you in the teeth. If Biden's tax hikes go through now. Wants the hike middle class taxes, which we know and I covered on yesterday's show. Trump cut. I used the link to invest in PD a yesterday not a partisan sites and investment sight to show you is a matter of fact that Trump did cut the tax rates. They were quite dramatically for the middle class from 20 to 24% 25 to 22% in 15 to 12% for the upper middle class, middle middle class and lower portion of the middle class. Didn't use a partisan site. That's an investment sight. Your taxes were cut. But Biden, who managed to manages to lie and tell the truth at the same time. If he does, I'm not gonna hike your middle class taxes while simultaneously saying I'm going to get rid of your tax cut. Two contradictory things. He tells another big lie, which is really,
U.S. Proposes Global Minimum Corporate Tax Rate of 15%
"Treasury department says it supports a global minimum corporate tax rate at least fifteen percent far below the twenty one percent. It's been asking for on the foreign profits of a us based companies you offer comes as the g. twenty zeke's deal on. The minimum corporate tax
The Bidens Reported $600,000 in Income in 2020
"Simon No. One returning to tradition dating back to President Nixon, then broken by President Trump. The Bidens have released their tax returns. President Biden and the first lady earned $607,000 last year and paid a 25.9% federal income tax rate. The Bidens donated more than $30,000 to 10 Charities, the largest donation to the boat. Biden Foundation, named for the
McConnell Says GOP Open to $600 Billion for Infrastructure
"Hi Mike Crossey a reporting the Senate GOP leader says Republicans are open to spending six hundred billion dollars for infrastructure improvements Senate minority leader Mitch McConnell is floating a national infrastructure investment spending plan that's about a quarter of the size of the two point three trillion dollar proposal president Joe Biden has laid out speaking at the university of Louisville Monday McConnell said Republicans are willing to spend up to six hundred billion dollars on infrastructure Connell also came out against Biden's plan to pay for the infrastructure package by raising the corporate tax rate from twenty one percent back to twenty eight percent instead McConnell said he favors increasing user fees Mike Rossio Washington
Biden Focuses on Capital-Gains Taxes
"Is going to be seeking new taxes on the rich including a near doubling of the capital gains tax for people earning more than one million dollars a year to pay for the next phase in his four trillion dollar plan to reshape the american economy. He will also propose raising its marginal income tax rate to thirty nine point. Six percent from thirty seven percent. Dear god the level it was cut to by president. Donald trump's tax overhaul back in two thousand seventeen We are expecting that is going to be the full proposal gonna come out next week. As part of his american families plan which would provide for paid family leave and free community college among other priorities. The white house has insisted the plan will not raise taxes on middle or low income americans which is reassuring to them. But we're concerned about the over emotional rich so let's go to some of the initial reactions That were had on. The larry kudlow show jimmy area. That capital gains came out. I wasn quick enough. I'm telling you. I had to read that headline about four times before i actually believed it. Felt like i was in some sort of weird daydream. It is there is absolutely no coaching. That can be made by anybody. In defensive doubling doubling more than doubling the capital gains tax. It's just as they know full. Well that not only will it not gain any more tax receipts from it. They've that side of the aisle has admitted that several different times it is such an economic negative. And i think in the long term you can actually even make a neutral argument for the stock market in the long term are more reluctant to sell to take it in the near term. They've probably some will want to sell to take advantage of the current capital gains and arguing with people. Some people were very smart. Economists saying oh this will never pass. I don't care it's been out there by the president united states a completely absolutely asinine tax. It just it made me sad more than
"tax rates" Discussed on WSJ What's News
"About president. Biden's two point three trillion dollar infrastructure plan and the plans to pay for it in part by increasing corporate taxes from twenty one to twenty eight percent. Critics are warning that raising the tax rate would hurt. Us company's ability to compete globally. Today treasury secretary. Janet yellen made the case how to prevent that from happening in a virtual speech before the chicago council on global affair. She called for a global minimum corporate tax rate working with g twenty nations to agree to a global minimum corporate tax rate. That can stop the race to the bottom together. We can use a global minimum tax to make sure at the global economy thrives based on a more liberal playing field in the taxation of multinational corporations in spurs innovation growth and prosperity now. That proposal is an entirely new spark conversation at two big finance meetings this week with the international monetary fund and the world bank especially since a lot of countries aren't rebounding as well as the. Us joining me now to talk more about the proposal is wall street journal economic policy reporter kate davidson. Thanks for being here. Hi thanks for having me so kate. What exactly is a global minimum corporate tax rate. What does yellen mean when she says that. So the general idea here is that countries want to discourage businesses that are headquartered there from moving their their prophets their operations overseas or just to other countries that have lower tax rates so janet yellen and many others have described this phenomenon as a race to the bottom. As as countries are competing for business they lower their tax rates more and more to try to attract companies to come and move there and so setting a global minimum tax. Would kind of put a floor on that in other words if you were a us company and you shifted a bunch of your operations overseas rather than only having to pay income tax on based on that country's you know countries tax rate which might be much lower the global minimum tax would ensure that you were essentially paying more on that in that money would come back to the us and so the administration and you know people on both of the aisle really have said that this could level the playing field for corporations and for countries. So kate as we said. This is a new idea but is it taking on new urgency in light of president biden's infrastructure plan which calls for raising the corporate tax rate. Yeah i think it definitely is. I mean beyond the tax rate increase. That you just mentioned the administration also wants to raise the minimum tax on. Us companies foreign earnings to twenty one percent and that would be calculated on a country by country basis so that could create a significant disadvantage for us based companies operating overseas because they would then face taxes that their global counterparts. Don't so this is why the idea of a coordinated global minimum tax is so crucial to the administration's plans because if they us can get other countries to impose similar minimum taxes on companies based in their nations. Then the us headquarters wouldn't be nearly as big of a disadvantage than if the us were to. Just do this on its own. What are some of the main challenges. They are in getting everyone to come on board. Well you know the. Us has been engaging in talks with more than one hundred other countries through the oecd. That's the organization for economic cooperation and development about creating such attacks like this and rewriting. The rules for where corporate income is taxed and those negotiations are just really complicated and they had been advancing but they were basically slowed down by the pandemic. So this idea is actually you know. What danny ellen said. Today is is not that far off. From what the previous treasury secretary steven mnuchin said last year. The problem is you're essentially just asking everyone to kind of hold hands and jump at the same time to do something like this and countries have their own interests. You know for example. This matters a lot to the us because we have so many big us. Headquartered companies that are globally dominant. They make a lot of money outside the us. But i say another country like canada doesn't have that this might not hurt them but you know why would daycare. It's kind of like there. There might not be an urgency for them to do this and yellen did continue to kind of hit on these themes of global coordination and she spoke today ahead of meetings with her counterparts later this week from the international monetary fund and the world. Bank kate what else struck you about her remarks today. And how do you think her speech. Set the tone for those upcoming meetings. Yeah we'll her speech. This is really her first. Big speech on the international stage And really the first person. From the biden administration i think to speak directly to sort of global global economic counterparts. If you will and the message was really that this administration is going to do things. Differently in the tax piece of it was really one paragraph in. I think it was a seven page speech where she talked a lot about the administration's commitment to restoring the us's role as a global leader essentially and and she had some harsh words for the previous administration basically said that She thought that they didn't really do enough. Last year. To kind of address the pandemic and the economic crisis at home here in the us and then in addition the didn't engage early enough to kind of help other countries to grapple with the problem last year so she talked a lot about how it will be important as Everyone starts looking toward a recovery as things seem to be improving working together to make sure that the recovery benefits poorer countries. That was a big theme that she hit on but also that advanced economies aren't withdrawing fiscal support. Too soon she also talked about climate change. Which is mentioned a number of times in the past. I think that will continue to be a big issue for finance ministers and central banks around around the world this year and next year just into the future as they grapple with. How do you know how to address this. In this scenario other countries. I think have been leading on. at least. That's the argument. That that the biden folks have been making and yellen signal. The treasury will be very much at the table. Participating in those conversations wall street journal reporter. Kate davidson k. Thanks so much for joining me today..
"tax rates" Discussed on Marketplace Minute
"I'm justin <Speech_Male> how <Speech_Male> stocks closed <Speech_Male> higher monday. <Speech_Male> The dow gained one <Speech_Male> tenth percent <Speech_Male> the s. and p. <Speech_Male> added one and four <Speech_Male> tenths percent <Speech_Male> and the nasdaq <Speech_Male> rose one and two <Speech_Male> thirds percent <Speech_Male> <Advertisement> treasury secretary. <Speech_Male> Janet yellen <Speech_Male> is calling for a global <Speech_Male> minimum tax <Speech_Male> rate for corporations <Speech_Male> <Speech_Male> that she said <Speech_Male> would prevent what she called <Speech_Male> the race to the bottom <Speech_Male> where countries <Speech_Male> cut their tax <Speech_Male> rates to learn businesses. <Speech_Male> <Speech_Male> Yellen said the. Us <Speech_Male> is discussing <Speech_Male> the plan with g <Silence> twenty nations. <Speech_Male> <Speech_Male> The consumer financial <Speech_Male> protection bureau <Speech_Male> is proposing to delay <Speech_Male> foreclosures <Speech_Male> until the end of <Speech_Male> the year. <Speech_Male> A federal moratorium <Speech_Male> on foreclosures <Speech_Male> ends. On june <Speech_Male> thirtieth. <Speech_Male> This plan would give <Speech_Music_Male> borrowers more time <Speech_Music_Male> <Advertisement> to make payments <Speech_Music_Male> <Advertisement> <Speech_Male> and game stop <Speech_Male> is laying the groundwork <Speech_Male> <Advertisement> to sell one <Speech_Male> billion dollars worth <Speech_Music_Male> <Advertisement> june <Speech_Male> thirtieth. <Speech_Male> This plan would give <Speech_Music_Male> borrowers more time <Speech_Music_Male> <Advertisement> to make payments <Speech_Music_Male> <Advertisement> <Speech_Male> and game stop <Speech_Male> is laying the groundwork <Speech_Male> <Advertisement> to sell one <Speech_Male> billion dollars worth <Speech_Music_Male> <Advertisement> of its own stock <Speech_Music_Male> <Advertisement> that <Speech_Music_Male> <Advertisement> would let the retailer capitalize <Speech_Music_Male> <Advertisement> on <Speech_Music_Male> <Advertisement> the frenzy over its shares <Speech_Music_Male> <Advertisement> earlier this <Speech_Music_Male> <Advertisement> year. <Music> <Music> <Speech_Music_Male> <Advertisement> <SpeakerChange> <Speech_Music_Male> <Speech_Music_Male> I'm just <Speech_Male> how with the marketplace <Speech_Male> minute <Speech_Male> want to hear something <Speech_Male> amazing discover <Speech_Male> matches all <Speech_Male> the cash. Back you <Speech_Male> earn on your credit <Speech_Male> card at the end <Speech_Male> of the first year <Speech_Male> automatically with <Speech_Male> no limit on how much <Speech_Male> you can earn. How <Speech_Male> amazing is that <Speech_Male> in fact. It's even <Speech_Male> more amazing. Because <Speech_Male> of all the places where discovers <Speech_Male> accepted <Speech_Male> ninety nine percent <Speech_Male> of places in the us <Speech_Male> that take credit cards <Speech_Male> so <Speech_Male> when it comes to
"tax rates" Discussed on Pat Gray Unleashed
"Get a look at a bunch of idiots running Out on the football field middle of the game middle of the game into the middle of the field and it just kept expanding from there. Wow from from skull that used to train up preachers. Yeah to a bunch of go freaks brainwashed by their professors professors and. That's the brightest among us. Harvard students in the actually was part of this to try. Look how many there were. That's Whoa that's a lot idiots out there on the field and then they of course is an emergent had some climate emergency. Yeah jeeze injustice. David Hogg tweeted about this. All get. Would've he say sorry. I'm scrolling through all of my husker tweets here okay. David Hug In relation to this here we need some nineteen sixties level activism to save our planet and democracy and the next couple of years the protests will become so so big. That cops won't be able to handle it and the National Guard military will have to be called in but you can be sure we will persist and win in. So he's now threatening guests know exactly what he means there but so anyhow and of course he wants the guns to be taken away from everyone so that only what the cops and military them which makes sense. I don't understand what he's doing for there but Boy He was obnoxious over the weekend so they they delayed delayed the game for about an hour. Yeah about an hour delay for these idiots at forty two of them but most of them walked off after an hour forty two who stayed and they were arrested yeah and and and the game was played in virtual darkness. There's no lights. They're stretched on into the evening because Soleil madness idiocy. You know you might want installed lights at the Yale Bowl. I mean just a thought we know. How much was this a at Harvard stadium because of the Okay well I'm sure there endowment is similar to get is less than Harvard but it's up there in the so they twenty twenty billion area. Are you saying that they can afford light. I think they could afford lights. Yeah yeah if push came to shove I think they could light up the Yale Bowl. Harvard's got close to forty billion. I think Yale's is in the twenty billion twenty to thirty billion range. I mean Yeah Yeah. They've got some rich donors who have contributed a lot to those universities. So maybe Warren you WanNa start taxing that yeah yeah right all these monies. These Ivy League schools are sitting on meanwhile on the other coast. Hundreds birds of protesters gathered at Berkeley because well there was a just a tragic event about to take place and coulter was on was on the campus and they didn't want her there so wait. Wha Dan Coulter I thought they had like open thought and dialogue and like other exciting. Come and have a have a civil debate and discuss. The issues of the day is at not. What's happening is lungs? You agree with them. They're perfectly happy to hear you out. Yeah okay okay. Yeah but not so much when and culture shows up here. She is showing.
"tax rates" Discussed on Pat Gray Unleashed
"Nine hundred thirty. Three ninety three looks like there's no safe space anymore for entertainment for getting your mind off all of this stuff I mean. NFL Football is inundated with Colin Kaepernick. Thing and by the way not one team not one. He had zero interest from his workout zero interest. Nobody called hauled. Nobody wants him and part of that is probably because he notified the NFL thirty minutes before the event that he wasn't going to be there instead he was going to be. It was forty seven or fifty one miles away. Yeah down and out at some high school so if you think of Think of the big city. You're most familiar with okay The Falcons Training Facility where the workout was supposed to be is so far north I. It's barely considered part of the metro area. Okay the airport is south of the city. So that's where this high school was down near the airport. And so that's a long drive is like a probably an hour an hour drive and some NFL scouts did it. Says eight teams actually went down. There actually went all the way down there as a last minute like that. One of your pad heads had a great point over the weekend. Wow this is shocking news. Can you imagine getting a call back from a potential employer if you told them you're moving the interview an hour away. You have to meet me here on my terms and then they do it. Come on and you're wearing a disrespectful Ikuta Kim tate t shirt seriously like you're treating them. I'm being treated as a slave is what that says to you because Kunti Kim Tae Woo. It's a roots reference. The sleigh brought over from Africa wanted to be called by his actual name. which was to Kim Tae? The slave master wanted to call him. Toby Colin Kaepernick was essentially saying to the NFL teams in their face as they showed up to watch this guy workout after he moved them fifty miles away. I mean it's it's despicable guys not worth it. He sucked he saw apart from all the protests protest stuff. He sucks yeah. That's always a failed quarterback when he was in the League yeah. His numbers were on the decline decent year. Really that super bowl year. He was pretty good. Yes and and I'm sorry to bring this back to the Atlanta Falcons but if they hadn't choked a seventeen to nothing home lead in the NFC the championship game that year. He would never played in the Super Bowl so a lot of trouble for a backup quarterback someone who offered the attempt Ah Three teams attempted to sign right. At least three have attempted to sign but he wants to backup. He wants to be started while. I'm sorry you're not good enough to be our starter but do you want to make seven million dollars sitting on a bench. No he doesn't he doesn't even Stephen a Smith who's been a pretty strong supporter. Oh he went off on him he went off. It was great to see. You are finished because you would rather be a martyr and it's right. He's right than anything else right Which is what we've been saying the whole time? Which is why I can't stand this guy So anyway hopefully this will end it. Please please can. We have an end to the Colin capture. Nick nonsense. The Guy Sucks as a quarterback who I mean seriously who could start for what. NFL team. Yeah I mean there are some NFL teams who are struggling at quarterback but are they going to take a chance on Kapernick. Not only with his is bad play but also his his behaviors baggage that. Come on with no thank you. I don't want that just like people didn't want the extra hassle that came with Tim t-boz exposure and it was positive stuff but people didn't want to deal with it and so they didn't. That guy was out of the league very quickly and and nobody. Nobody wept over him. Nobody said Hey You Notice Tim Tebow still not day. Four hundred twenty seven of Tim Tebow not being the League. Nobody cared about that. Triple eight nine hundred thirty. Three thousand three hundred guys who are more deserving of another. Nfl Shot Shot then Colin Kaepernick but speaking of football. So we're not we're not immune from any of this stuff in any venue and and even at the Harvard Yale. Big Rav rivalry game over the weekend. Man Big protests. Stop the game. Same protesters in the colors of both Harvard and Yale staged a sit in at midfield of the elbow during the halftime of. Get this the one hundred thirty sixth edition of the annual football rivalry known as the the game and back in the day. One hundred thirty six years ago. This really was the game because these were the two powers football. That's long long gone but still Harvard Yale here's what happened. Let's get a look at a bunch of idiots running Out on the football field middle of the game middle of the game into the middle of the field.
"tax rates" Discussed on Pat Gray Unleashed
"Pat Gray unleashed and he's on the plane. Whatever our blazed bumpers? That doesn't sound like any song that's ever been on the radio which is good. You know you get in trouble for that. You get get sued sued for that. And that one didn't sound anything like another hit song from the seventies at all. It's GonNa win at all that you would go to way to say. It doesn't sound no I. I just wanted to make sure that everybody's clear about that Triple eight nine hundred thirty. Three ninety-three Pat unleashed on twitter. Byu was just a slight forty two to point favorite over the weekend. Wait that's how many points in the second quarter I know yes however in true fashion of Colonie Lee stocky he He's stopped playing football in the second half. Because we were up forty nine and nothing at the half forty-nine Zip had four hundred and forty yards of offense in the first half half to umass his sixteen yards. Four forty two sixteen. It was forty nine. Nothing already put it in the second string guys in the second part. So in the Third Corps in the third and fourth quarter it was played by the third and fourth string in fact we had the fifth string running back in the game in the second half ran for two hundred and twenty eight yards. I was channeling my inner joy Lawrence. When you said there were sixteen total yards have time? Yeah by UMASS. Yeah Whoa Oh whoa. So wow. That's a fun fun Saturday for fun. Yeah it was L. O.. The second half was kind of crappy because she was going to happen. Yeah you see that's the thing about Nebraska are stringers are fifty four to seven win over Maryland got to see our forth stringers. That may be the first time in twenty years that we've seen them really and so that was that was fun and then there was a nice win for gave up. I see Maryland's record you husker fourth stringers. That's all you give that touchdown with a minute. It left a was it. A minute left minute half. Yeah that sucks when you give a shot out with. I wanted to sixty one to nothing. Instead of fifty four seven but Maryland now I think three arena eight on the year so I thought okay. It's a weird team. Because sometimes they play really really well and some ranked team and then then that then that inherently this season they were scoring lots of points. But yes so how. Six husker's attempt to become bowl eligible against Iowa on Friday tough task and Maybe they pull it off. Yeah so but are Sundays. Of course was terrible. Falcons got back to their tramways against the bucks in last night badly. which was the trivia game? Don't forget Wednesday I'm thinking about I mean maybe we throw that one out because we did have a fan answer the phone at at the convenience store and he was playing along and making stupid guesses that you know he knew and then he said his favorite because I was waiting for him to say a big frog one nine said the blaze. So you know. He's a listener and he was playing along. So that's not really fair to the game right so we're throwing that one out and we're actually six and four right right we just throw it out and it's like It's like when there's two penalties one on each team throw it out so so now we're out to play now see there was one where it was tied. And you had to go do Glenn Show and Jeffy and I finished it and it was weird and it just didn't involve you so the the integrity if that game so we're going to get us to six three went through that one out hold on and then there was the three also right after that. Falcons Loss Falcons win drained. All all of the energy out of the more on Trivia N- You're going to go through that. I can get you in six. And how can I get. There were six and four and holding. Yes Okay Indonesian. Don't forget foreign holding. Yeah bills and cowboys the Thanksgiving edition coming up Wednesday on this program cowboys. Play every year right on Thanksgiving. Yeah Cowboys and Lions Ryan's always planes and then there's a night game that your congratulations. You get to see the Falcons play on Thanksgiving night. Aren't you happy and stoked about that. No did they. They lost yesterday. You said it was a bad to the buccaneers in Atlanta three five. Twenty two almond and it wasn't that close and they've been looking so good the last two weeks their defense. I'm getting a touchdown. Ten quarters anyway so anyway but you'll recall. They beat the saints the last time they played them. And that's a rematch. Coming up Thanksgiving night. It's probably going to be fifty. Two nothing New Orleans Orleans. This time saints rebounded one yesterday in a pretty pretty exciting game. That was a good game they play. There's missed a twenty eight year. You'll go for the win you know. Hey love is at a Christian McCaffrey. Every guy is he's something special. He's fun to watch and he has a brother on the huskers. Actually not as talented famed. Got Boys playing football. Aw He had another brother that was trying out with the packers and the saints were interested in him and that's when they found tastes them hill. But I don't know. Is he still in the league his so I don't know yeah McCaffrey boys. Yeah I don't know. But the Oscar c four cafe was. Yeah Ed. McCaffrey the broncos macos. Yeah Yeah let's see all of his boys hear Luca's Nebraska quarterback quarterback. He's third string quarterback back But boy they did. Some gadget plays on Saturday. Really Fun Dylan. Does that ring a baby anyhow. Maybe very telling me that McCaffrey's crazy some good genes in that family. I think they're Levi's do what a different way than the actual genes is inside of you. I see their triple eight nine hundred thirty three ninety three and add pat unleashed on twitter. Let me tell you about real estate agents I I trust DOT com. These are really good fulltime agents. And we're really committed to their craft. They know your market. They've got great track records otherwise it wouldn't be part of of this network and they're going to. They're going to be really proactive with you. They're going to return your phone calls in minutes not hours or days and leave you hanging on the line in because.
"tax rates" Discussed on Pat Gray Unleashed
"Ounce drinks with plastic plastic straws for votes compromise his principles for votes. Oh that's so hard to believe. Gosh for Ryan Ryan Patrick. I continually hear these Democrats claim. They're fighting for the middle class but never see any of them put together a plan plan to cut the taxes for the middle class. No kidding for sure. Let's see and from fat fat lump of Goo Come on Pat. You know the answer to that question about. I guess the question about how much how much will be enough for the dams. You know the the answer to that DEM's won't be happy until they get one hundred percent well now. Apparently that's still make some of them. Happy no because Democratic presidential candidate Elizabeth Warren has unveiled Sweeping Ping Tax proposals. That would push federal tax rates on some billionaires and multimillionaires above one hundred per cent MHM. Okay that's amazing that prospect raises questions for taxpayers and the broader economy. That experts are starting to ponder. Under which circumstances would taxpayers have to pay those rates how might that change their behavior and would investment and economic growth suffer and the answer. Of course it would. Potential tax rates over one hundred percent could result from the combination of tax increases that she's proposing to the very top tier. She wants to return the top income tax rate to thirty nine point. Six from thirty seven percent percents impose a new fourteen point eight tax for Social Security fifteen percent on social security. Why how how at an annual tax of up to six percent on accumulated wealth and require rich investors to pay capital gains taxes at the same rate as the other income income even if they don't sell their assets so that means capital gains of thirty nine percent in addition to the thirty nine percent income? Tax You're bang by the way capital gains is a double tax. You already paid tax on that. Yup which is why there should be zero capital capital gains tax consider a billionaire with a thousand dollar investment who earns a six percent return or sixty dollars they receive a capital gains dividend or interest if all of Warren's taxes are implemented he could oh fifty eight point two percent of that or thirty five dollars in federal tax plus his entire investment would incur a six percent while tax at least sixty dollars the result taxes as high as ninety five dollars uninjured of sixty for combined tax rate of one hundred and fifty eight percent scent of one hundred fifty eight percent is that is that your fair share but is that that is that good enough are we happy. I don't know if we're going to be happy with that. I mean can can we just get our own. Printing presses like the Federal Reserve and send that money to the government. Because that's what it's getting so you just pay everything you make And then not steal steal fifty eight percent more and give that to the government to. I think that's where we're at but if you're taking it from the rich then that's good. Yes that is really. That's totally fine. Bright we have. We're in trouble and we cannot have like you always say one of these Democrats gets elected all the end of the road. I really I mean. I don't know that we survived them. And Certainly Not Elizabeth Warren. When you've got Bill Gates speaking out against against her Bill Gates who are yet tax? Me More I love it I love it. You can take most of my money if you want to. I love that I really do love that. I think you I just did a Bill Gates impersonation trying congratulations because that really sounded like him and it makes me more and and so he. He's afraid of Eliza of Elizabeth Warren. He's like okay if you're going to tax me one hundred hundred billion dollars Then then I'm GonNa GonNa have to count my money and I'm going to have to say Wow no I don't think so you're really you're going to harm charitable giving if you do this to him. Oh they're already affecting that. Obama affected that with his deduction crap But now it's time for Golz Gulch like an atlas shrugged. It's about time for the rich to find that Hidden Valley and hide their wealth. Because this is it really is close was to get really ugly uglier in Britain They've also the. The Labor Party has taken aim ed obscene billionaires as well pledging a radical redistribution of wealth there to cut the power of the super-rich because they say that the super rich bankrolled. Boris Johnson in return for tax breaks. So they're pissed off and they claim that no one needs to be a billionaire as well shot. No one needs to be a billionaire. I swear the left is constantly gently talking about. We need jobs. We need people to get back to work. Who they think is creating these jobs? It's rich people now. The middle class class asked if he doesn't fit middle-class they're employing thousands of people at a time on their fifty grand. And you know what there's this vagabond down down here at. I thirty five out under the bridge. That guy has offered me a salary here. Zero it's considering. It's it got to be a little tempting yeah. I don't like working outdoors but I have considered it because like I said this poor guy homeless bum. We're always getting the money. Yeah well I don't ask questions. Yeah you should show probably shouldn't got a follow up interview later today probably illegal ask questions. Yeah you don't want to so yeah. Poor four people creating jobs for America. Yeah it's it's insanity and it and it's not like a complicated argument where you have to lead someone someone down the path of like let me explain these eight steps economic prosperity. It's like steps please. I don't understand it. The government does not create a destroys. Royce it is not that tough turbo late nine hundred thirty three ninety-three also pat unleashed on twitter. Take a break from the madness in a second and talk about something a little lighter a little more fun. Okay second but I imagine that your cell phone is a voting booth and every single time you use it. You're voting for impeachment or open borders orders gun confiscation abortion. I mean terrible thought but that is essentially what you're doing when you spend money with. At and T. and verizon these companies are donating all kinds of money to all of these causes and just to add insult to injury they have all kinds of hidden fees to at and T.'s. Administration administrative fee for instance. They're currently being sued over that.
"tax rates" Discussed on Pat Gray Unleashed
"Is here on the blaze radio network. Welcome to Monday Gregg with us. Start the week here and a shirt short one. It is for probably about everybody right. Thanksgiving Day after Thanksgiving pretty traditional that Just about everybody has that Yeah Yeah So. Today's really like Wednesday. If you WANNA whole I liked this week all of a sudden we're going to do more on Trivia by the way on Wednesday special because it'll be like Fridays see. I like how this works speaking of which will tell you about that in a second on Friday Friday we heard from Jewel so on twitter. Yes before we get into full frontal nonsense coming up momentarily but Jewish herself got in touch with us right really cool. She shoots sedated for exactly three weeks. She's getting released from the ICU. Hopefully today and that's amazing. She was thinking everybody. Yeah Hey everyone thanks for all the prayers the most amazing group of people in the world. I I mean. That's a miracle right. She she prayers did work. Yeah that was a message to pad heads because you know she had this this rare affliction the compromised immune system. Yeah she had Mersa while she was in there is really dangerous. Her heart heart stopped twice. I think one time was for seven minutes. She's had constant seizures. The minute I mean it has been gosh one on other stop. Yes so hopefully. Hopefully that'll be the end of those trials really triple ripple eight nine hundred thirty three ninety three and pat unleashed on twitter course last night forty nine crushed the packers. Thirty seven to eight more on Trivia was was wrong Billy Flint tweets. I'd like to say the more attributes should get a pass this week. The clerk in San Francisco who knew he was on with pat ruined the Integrity Taggart of the game kind of true. Yeah that's true. Well we tried to tell you true. You overrode the commissioner her and let it stand and therefore Moran Trivia failed or did it or didn't So anyway so technically state six at four and throw the week out as a Yeah maybe okay because I okay. Yeah because I mean technically we're a bull eligible right with the six wins coast from here But anyway Wednesday. We're GONNA do the bills cowboys game. Ah For more on Trivia from your warranty is about to expire Moron Trivia taken. A beating tonight obviously sent to us last night and showgirl tweets explained to Judy. That connor is the most hated blazed listener right. Now that's right. It's connor the one that Connors San Francisco Centers Cirque. WHO's favorite station? Not The big frog but the blaze so he he threw the whole quarter. It sure. Did what a weird place to find. You know the listener. I don't I don't know if that's ever happened in the history of the game on Glenn Show or this one no and then to find anti person in San Francisco as someone who is used to call the clerks I've never run into someone. Even you know caught us off the air and said Oh I know this game you know. This was the first time in over twenty years of doing it yes critical. Then we got this nice video video. We got a dog video to start today. Oh Yeah Yeah. I thought it's a fun. It's a holiday week right. So let's let's do that. Do we have the dog doing doing tricks. They're looking at this. He's doing tricks what's what's that. Treat their from Japan Japan or something. I don't know how the treats aren't even shown to us. It's always a broccoli. It was Broccoli. Oh my God now. The dog is going to be rewarded rolling around with Broccoli. Raw Broccoli Rockley issues. That's crazy. Wow you ever seen anybody go ape for Broccoli before that was certainly not me. That's that's why I get a lot of my Broccoli. Nutrition or Kale nutrition or any other vegetable instable from field immigrants from brickhouse nutrition. This is created by actual doctors and professional human performance experts. who were fed up with all the garbage on the market at that exists? I just lost my no. I can hear you prejudiced. Lost my own my audio Oh. Oh Good Dawson. Tones are great in eight years but absolutely perfect. Okay all right so anyway. Field of just one scoop goupil. Field of Greens has a full serving of real. USDA certified organic fruits and vegetables that Bouche immunity using antioxidants and probiotics pose pre prebiotics and probiotics. And it's not extracted from anything real food. It's not the headphones advance Keith. That's.
"tax rates" Discussed on Fareed Zakaria GPS
"Beneficial your health from diagnosing what ails you to figuring out. What will cure you? The possibilities are endless Daphne. Kohler is deeply interested in at all the Stanford, computer. Scientists is co founder of the online learning platform course, Sarah and was until recently the chief computing officer at Google's AI health initiative. She's just founded a new company called in Sitra, which hopes to use computers to improve our health Daphne, call a pleasure to have you on. I hear to be here. Thank you. What's the kind of most obvious place that that that machine learning can help something like healthcare one thinks about the reading of a of a scam or something like that right now the most obvious application for machine learning in healthcare is only diagnostic side of me look at a patient record or scan. And you're supposed to predict what the patient has. It's this is something that could be done from multiple different types of data sources ranging from looking at an x Ray scan or pathology slide all the way through some of the more and modern tools like looking at a liquid biopsy and actually thinking about what fragments of DNA are found in the blood, and why would the computer be better than the great. Dr Who seen a whole bunch of these scans that could tell what the patterns look like, well, I'm the DNA side. People are actually not really good at looking at fragments of the NFL and figuring out what they mean. But what's really surprising is that even on the imaging? Inside where you would think you're right people have been looking at these things for literally a century. Why would a computer being able to do better? Computers are able to discern subtle patterns and images that are very hard for people to see partly because they can look at so many different samples and extract a commonalities that people just can't hold them there. You look at a council pathology image. There's thousands of cells in there. Some of them are LeBron's this way, some of the LeBron's outweigh. How do you put all that together into something that corresponds to a program also served I NAS tick? But I think it becomes even more pressing when it stayed types of people have no idea how to look at like one of those liquid biopsies, and you're looking for very subtle changes in the composition of DNA. That is present in the blood people have no idea how to look at that day now. So. Tired of diagnostic? So I think everybody understands that computer gonna look at images with much greater detail and accuracy than human beings. They other areas because it feels like this could be applied to other things. I think that diagnostics as perhaps the most obvious one. But maybe more interesting are some of the less obvious applications like the work that we've started to do on therapeutics there six is not in self an obvious prediction task it's more of a design problem. You're looking to design a therapeutic treatment that has a particular therapeutic effect on the person. And so how do you define that? Even as machine learning problem, where do you get the data to train a computer to make those predictions, actually, really interesting subtle question. But let me of the standard because you wouldn't be you tried to look at therapy you, so there's a problem, we think we have a therapy for and that we're going to try it out, and that trial process is what is very long and expensive and laborious and only one out of twenty drugs off and make it right, right? So the idea is what the compute. Will simulate and can do thousands and thousands of of kind of mock trials. Yeah. So our ability at this point to simulate human biology is incredibly far in the future. Our understanding of Hyun biology's in such early stages. Relative to the complexity of the system that we're nowhere close to being able to simulate even a single human self far less the entirety of the human body. I think the big question is can we create a data set that will allow us to least to some extent predict what a probation a change in the human system changing the activity level of a protein, what will the due to the overall human health outcome? For instance, sue bay picture for me, if you know ten years from now, if you're successful at the scale at which you know, technology has been involving crowd. I go in and get a sous of scans. Which would tell me you have incipient very very early stage. Almost undetectable whatever it is cancer or whatever. And we're going to put you on series of therapies because we've been able to see these things way before years before they would ever have manifest in any kind of symptom. I think that's going to be part of that some of that would even begin earlier before he ever had the scans by simply looking at for instance, your genetics and being able to tell you that you should go. Get scanned more often. We have to be careful about that. Because you don't want people to go gets Coundon have all these false positives that lead to increasing health costs maybe without improving outcomes. But the other component is once I catch it early. What's going to work for you? There's a lot of drunks that work for ten or twenty percent of people, but don't work for the remainder. So in the sense what you're doing is you've come at the intersection of these two great technological Rev. Solutions that have taken place one in bio with the mapping of the human genome and things like that and the other and machine learning right now, you're absolutely right. I actually think of sciences proceedings as proceeding in the son of epochs where if you think about the late eighteen hundreds was chemistry of the probiotic table. And then the early nineteen hundreds is physics understanding nature retweeted matter and energy, and then nineteen fifties was competing nine hundred ninety s and we had an interesting by -cation. There was the era of data which emerged directly from competing and the era of what you might call quantifiable biology that that included the human genome and the ability to measure, the levels of different genes and proteins and my cross high-resolution like cross copy. And I think those two threads are about to converge into a new park of science that is much my call bio data and the ability to not only measure biology at scale, but also interpret the outcome. And Jamir those outcomes to achieve Jamir the systems that you'd better outcomes for people better outcomes, but maybe not eternal life. I think eternal life is is a stretch with let's say we have not seen. He's ability proof of eternal life. And so I'm not convinced that that is even a likely outcome on even sure it's desirable. Definitely call pleasure to have you on. Thank you very much up next a guest book recommendation from none other than Bill Gates. Remember to create an ad like this one visit pure winning dot com slash CNN. Countries like Japan and South Korea face a demographic crisis due to chronically no birth rates. But it was a western country that made headlines to the suite for an initiative designed to tackle this very issue. And it brings me to my question which country announced that mothers of at least four children would be exempt from income tax, Hungary, Italy, Portugal, or Poland, stay tuned. And we'll tell you the correct answer this week. I asked Bill Gates to give us his recommendation for a book, my Bill could be billion dollar whale. It's a sad story of corruption and international finance. But fascinating, you know, as bad blood is to biotech billion dollar whale is to international finance, not as profound as pinker, Smeal Roseling. But. A wonderful read, very quick thrilling. Thank you to Bill Gates for his book recommendation. Let me tell you about one more the twenty nine hundred Victorian prize for literature. One of Australia's most important book prizes was recently awarded to an author who was not allowed into the country to collect it as you may know Australia's immigration policies, a pretty hard line. And Donald Trump told the country's former prime minister, quote, you are worse than I am unquote. During a conversation about refugees asylum seekers who tried to reach Australia by boat, processed and centers on nearby islands. Sometimes languishing there for years human rights groups in the United Nations have expressed concern over such island centers and the health of the detainees and debates over opening and closing sentence continue. Well, this year's winner of the Victorian prize for literature. Bow friend, but the mountains was written by Behrouz Bhutani, a new Ronnie incurred who was held in Australian detention centers on Papua New Guinea Mana silent for nearly six years. He wrote the award winning book from the island by arduously typing it out on his mobile phone and sending sections via WhatsApp messages. He may have had to rely on his cellphone to deliver his message, but his victory with this book prize is more than anything else. A testament to the power of words, no matter where they come from. I have been in the cage for years, but throughout this time. My mind has always been producing wards. And this words have taken me across borders, taken me, all that sees onto unknown places. I truly believe words are more powerful than the fences of this place is crazy on this is a beautiful moment. Let us all rejoice tonight in the power of literature. The answer to my GPS challenge. This week is a hung Garin prime minister and far right poster child Viktor Orban announced in his annual address to the nation that women who bear four or more children would be completely exempt from income taxes for life the policy which is meant to address the country's low birth rates is not unique nations from Russia to South Korea. Pay cash to growing families, and you may remember these viral video campaigns urging polish couples to emulate bunnies. Danish wants to do it for Denmark and for patriotic Singaporeans on independence day fireworks. Let's make him. Baby. What makes Hungary's policies different is or buns characteristic xenophobia? We want Hungarian children migration for us is surrender. Thanks to all of you for being part of my program this week. I will see you next. Hey, Sekou, she moved here from the hang time podcast. Join me, and my main man John Shuman every week as we break down, the latest, NBA, news and storylines with. Yes. From around the league, be sure to subscribe to NBA hang time on apple podcasts by FAI, an NBA dot com slash podcast for new episodes every Monday and Thursday this season.
"tax rates" Discussed on Fareed Zakaria GPS
"Back. A book dotcom vacation includes a beautiful all inclusive beach resort with all meals, all drinks, including alcohol activities taxes. Tips all included are most popular destination for all inclusive resorts is Mexico's Caribbean coast including Cancun Riviera Maya the people food history. And of course, the beaches make this great reason to go, and here's one more right now. Save up to seventy percent off all inclusive. Mexico vacations on book dotcom. Imagine yourself relaxing all day on the beach shore by the pool with unlimited food and drinks all included sound good. Head over to book dot com slash podcast to save up to seventy percent off your next all inclusive vacation that's book dot com slash podcast. Now what in the world segment? President Trump has displayed what one could call irony in his cabinet picks appointing for example, a climate change sceptic to head the this month. Trump was true to form when it came time to nominate a new head of the World Bank. He chose David Malpass an outspoken critic of the Bank and the multi-lateralism that underpins it, but forget my boss for a moment. The real question is why does the American president get to pick this global position with it all traces back to three weeks summit at a sprawling hotel and Bretton Woods. New Hampshire in the waning days of World War Two the conference was meticulously documented in Ben's steals. Twenty thirteen book the battle of Britain woods, their history was made John Maynard Keynes and the American treasury official Harry. Dexter white hammered away at an architecture for the new. New international economic system in the end, the delegation of world leader signed the agreement that created the International Monetary Fund and the World Bank. The IMF was seen as the much more important agency and president Truman wanted white for the top job at the IMF. But then a steel notes in his book FBI chief J Edgar Hoover told crewmen we unthinkable white, a founding father of the new economic world order was thought to be a Soviet spy knowing this Truman couldn't give wipe the job. So he grudgingly. Gave Europe the power to name the IMF chief the US satisfied itself with chosing instead, the leader of the World Bank. And so a gentleman's agreement precipitated by a spice scandal created a precedent that has survived to this day. One could argue for this method of succession in the early years of both institutions the United States in Europe after all made up most of the world economy when the World Bank was launched the US provided most of its capital and control thirty five percent of the vote and was mostly tasked with rebuilding post-war Europe. But the world and the Bank have evolved drastically since then China is now the second largest economy in the world developing countries make up sixty percent of the world's economy today. The US has less than seventeen percent of capital investment at the Bank and sixteen percent of the vote share. But the US is the only country that has veto power over the banks decisions and the process of choosing. A new leader has remained Paik all twelve previous presidents of the World Bank have been Americans chosen by the American president and ushered through by the board of directors. In fact, twenty twelve was the first time an alternative to an American. Pick was ever even seriously considered. The current system is utterly out of sync with the emerging multipolar world. It's important for developing countries to offer up alternative candidates and for the United States to cede space to accommodate them. Up next computers may not have a whole lot of bedside manner. But question is emerging could they diagnose what ails you better than a human doctor, and could they cure you better than a human? Doctor MacArthur genius will tell you all about how AI can help your life. When we come back. Tired of spending hundreds of dollars for prescription glasses. Our friends at Zanny optical offer, a huge variety of high quality stylish frames state of the art optics starting at just six ninety five. You can get multiple frames with this great pricing for less than one pair. Elsewhere start building your eyewear wardrobe from the comfort of your own home at Xeni dot com. With the latest trends in eyewear available in hundreds of frame styles and materials there isn't a better way to change it up for every season. Plus is any offers prescription sunglasses that incredible prices. Visit Xeni today at Xeni dot com slash CNN. That's z dot com slash CNN. Monday. President Trump signed an executive order on maintaining American leadership in artificial intelligence. It's another area where the United States and China a coming into conflict two years ago. Beijing announced it would be the world leader in a I by twenty thirty. In the meantime, many citizens remain worried about a scared by science fiction and news reports there's one way that scientists all believe I can be greatly beneficial
"tax rates" Discussed on Fareed Zakaria GPS
"That's ZipRecruiter dot com slash GPS. Ziprecruiter, the smartest way to hire. And we are back with Bill Gates talking about his annual letter, and what he has learned and what's the prized him over this last year. So this letter is all about the things that surprised you and one of the things that surprised me was that you say Africa is the youngest content. What was the surprise about that? And why is that important? When people think about population growth, they tend to think that there's more babies being born. In fact, the number of babies has peaked and outside of Africa. It's going down quite a bit. But Africa is just making up for that. And so it's going to have over half the young people are going to be on one continent. Now that continent will also have ninety percent of the people being an extreme poverty. It has some of the weakest governance in the world. So the question of do we invest in Africa and make those youth an asset or they an incredible source of instability and way more stark than when I started to look into how different is Africa use say that one of the big challenges of dealing with women's health issues, but issues that often called women. Issues is that there is actually very bad data on women. I assume that means that we don't separate out these this aggregate get their understand how much is women. How much is man exactly we do know that if incomes gets into the hands of women they use it for the school fees. More nutritious diet in a way that lifts the family up in a better way. And so looking in demand do if you give. Maybe by out Kahal cigarettes, less long term beneficial for the family and so's. We're creating these digital Bank accounts. We need to understand. Okay. Are they in women's hands are not or as we're doing new agricultural things, we need to figure out okay? Which are the crops that the women get involved with for example, chickens in Africa. That's very much a women's thing. So we've put lot more emphasis into that. So getting the data broken down to see. Okay. Why do men on more of the cell phones? Do they do more of the Bank accounts that helps you with your interventions in? So that's why Melinda says in here. Data is sexist that is if we don't have the breakdown, we might miss our gender sensitivity. A New York City is going to be built every month for the next forty years. What does that mean is I'd go to? Well, I used that as an opportunity to explain that when people think of climate change, they think mostly about let precisely and that's only a quarter of the emissions. Come from coal natural gas plants that are generating your electricity. They when we make materials like steel and cement, those two alone about an eighth of the emissions. And so the fact that we're going to build the cities that the world is urban ising. Means that unless you have a totally zero way of making steel and cement, then you haven't come near solving the overall climate problem and so moving away the term clean energy has handicapped the field because that makes people think maybe it's just like Tristan passenger cars, and they don't see agriculture industry. Buses trains says as part of the problem. One crucial part is agriculture and one thing you said you particularly surprised by was how great a problem bovine flatulence is Jake lane. What that is. And why it's a problem? Yeah. So the animals that can eat grass have very unusual stomachs that have these bacteria that are Matana Janik in there. And so they leak natural gas both out the front and the back. And so people have said, well, let's change the hey or throw some things in there. And it's been nobody knows how to get rid of. How to get cows to stop far exactly are burping. And so there is official meat, but that's a very early stage. But that's another big source of greenhouse gas emissions. So, you know, I'm just trying to make sure that the people who acknowledged the problem, which I think is fantastic that they understand the breadth of innovation required before you can get anywhere near what we have to do which is zero. If it was a fifty percent reduction, then you could ignore. Okay. Leave the cows alone. But because we're trying to avoid the temperature continuing to go up you do need to go to zero. Otherwise, you're you're continuing to have temperature increase. You threw a party in Beijing. A toilet fair. Why? Are you obsessed with China's? I guess I'm obsessed the challenges that with the world urbanizing, and these developing countries the biggest cities in the world will be places like Legos. Twenty thirty million people and the way we think of sanitation in the rich world is we build sewer systems. We've put a lot of clean water in we build a processing plant that is so expensive that these developing countries cities won't have it. And so whenever you tour a slum, you might smell or see that human waste is not being removed and processed. And so the new ideas that the toilet itself would essentially burn up the human waste, turn it into ash and get rid of both the smell and the disease causing nature of human waste. And that's the challenge we put engineers seven years ago and Beijing we showed how far we've come. So we have toilets that do this. Magic thing. They are ten times. More expensive than they'll need to be. But we're encouraged will get those out sell them to places like tourist areas and use that volume hopefully over the next five years to get this five hundred dollar self contained toilet. So when you look at the problem climate change, and as you said to get zero emissions involves revolutions in you know, dozens and dozens of crucial parts of the world. You've got, you know, the problem of toilets, you've got massive organization. You've got the reality of of Africa with all these young men, doesn't it make get you down doesn't it make you think these problems in the mount oval this so large. No, absolutely not. I mean, you have to remember the base case. We were all substance farmers and on average people live to about age thirty and then as energy came along industrial revolution in the digital revolution. And the standing in biology life is improved dramatically, and you know, so child to death went from about ten percent before our foundation dot going now with our partners that we have it down to five percent globally of children died before age five. And it used to be Denver send us now five. So that's six million children a year who survive that we're not surviving as recently as nineteen ninety. So, you know, I see incredible progress. Yes, in you kamori about nuclear war pandemics, you know, the AI takeover polarization. There's many things that we assume in should be worried about and think about okay, how do we minimize that risk or? Adapt to that problem, including climate change. And I've probably put more investments in to these various innovations, including better seeds to help with the add up tation piece because we will have warming. Even if things go perfectly there's a lot more warming coming between now and the end of the century in the perfect case. So. You know into world of immense progress. And you'd rather be born today in a if you're a woman. A gay person a personal gets disease driver be born today than twenty years ago. And I feel very strongly you'd rather be born twenty years from now then then today, Bill Gates pleasure. Have your next on GPS in nineteen Forty-six says America war and more word about the communist menace from Russia. A grave concern about the allegiances of an American official changed. How to great global institutions are run that change is still in effect today. The amazing spice story when we come back.
"tax rates" Discussed on Fareed Zakaria GPS
"In nineteen seventy five. Bill Gates dropped out of Harvard University to found Microsoft with his friend. Paul Allen gates spend the next thirty three years, building Microsoft into the behemoth. It is today. He's still on the board of Microsoft, but his day job is now giving away much of the money. He made from his company's success in less than twenty five years. The Bill and Melinda Gates Foundation has given away more than forty five billion dollars. And it still has fifty billion dollars more in its endowment fellow billionaire. Warren Buffett has given more than twenty billion dollars of his fortune to the foundation. The Gates's eleventh annual letter was published a few days ago in it. They talk about what they learned last year in the process of trying to fight many of the problems that plagued the world. I sat down with Bill Gates at his private offices near Seattle. Bill. Gates, pleasure to have you on great big here. There is a lot of talk. These days about. A kind of new economic mood the cover of the economist is about all the millennium socialists, the stock of inequality you use of on this program often said, you think you're under taxed so now there are these proposals. And I wanted to ask you what you think of them there's one that says there should be a seventy percent. Dax on marginal income that is I think over five million dollars. There's another which is a wealth tax on the total assets. You have would you think of these these reasonable ways to think about what to do about? Any economic inequality today. Well, there's two reasons why the government needs click my revenue one is that we only collect about twenty percent of GDP and we spend like twenty four percents of GDP. So you can't let that deficit grow faster than the economy. The second is that the promises the government has made like taking care of healthcare and pensions, those will become more expensive a higher percentage of GDP. So we do need to collect more and some people think the government should provide even new promises, which is fine. But it just emphasizes. There's no free lunch here you'd have to collect more money. If you go about doing this additional collection. Of course, you want to be progressive you want the portion that comes from the top one percent or top twenty percent to be much higher. And so. So you have many ways of doing it. You can take the social security tax and take the limit off of that you can take the ordinary income which soured type in common raise the rate, which is a little blow. Forty percent, you could raise some people said back up to seventy percent. You have to be careful about though, because the even when that rate was high the collection because of ways people could defer wasn't never got above forty forty percent, actually. But the bid fortunes if your goal is to go after those you have to take the capital gains tax. Which is far lower at like twenty percent in. Increase that. And isn't that fair because I sometimes wonder why is the government saying that one form of income is better than another? In other words, if if one person is generating income through his or her labor and another is generating his or her income by manipulating capital, why is the government saying through it starts policy. One is much better that is through capital gains rather than through labor. Well, I I happen to agree with you Steve Rattner had an article that said, hey, why don't we make capital gains income and ordinary income tax at the same rate, and it would get rid of a lot of complexity because whenever those rates vary. You want to make one look like the other in the famous part is that hedge fund people take what their labor generates and headed over into the capital gains side. And so you would simplify that whether or not these proposals act. Actually, get done. I don't know. There are even you know, what you might call more novel ideas, like an overall wealth tax which Keti had in his book right now, only when you sell stocks do you pay on game. Or if you die. Then your state is valued. I've been a the biggest proponent of having the estate tax collect more money. It was fifty five percent. It's now. Down down from that with a much bigger deduction. Howard show is running for president. Do you think that somebody who's made a fortune has a special knowledge skill aptitude to be precedent? Well, yes, I think the success you have in your life before you run for office. Absolutely. Gives us a sense of your leadership skills, your understanding of very complex problems in the voters decide, you know, a general who helped win the war will bore to is that a good qualification or not. You know, Howard Schultz did a great job with this business. And so there's some things that he gets some deep understanding from likewise somebody who's been a mayor or a governor they've been in an executive in executive role as well. So I do think it's it's fine. You probably will find rich people disproportionately in your political representation, but you know, you wouldn't expect it to be more than like, maybe five percent of representatives as a whole do you understand though, the the kind of all this backlash against capitalism and capitalist? So you have this with Amazon in New York where there was a there's this backlash of saying why should your provide three billion dollars of tax subsidies to one of the richest companies in the world. I mean, you Microsoft has had to deal with these issues at Seattle. I imagine do you feel like we're in a new mood. You do you either worry or how do you? How do you feel when you see? This kind of thing happening. Well, it's not the nineteen thirties where the system is really failed to provide adequate services, and therefore a lot of people are flirting with feathered, dramatic changes. What what used to be called soc socialism in the narrow sense. These are good debates should companies be able to compete states against each other. I get these subsidies in I sort of think not. But hey, that's a separate issue. That's on an attack on capitol. Capitalism has hundreds of parameters that you can change like the estate tax the capital gains tax, and it's still capitalism as long as you have market based pricing, you let people create new companies very easily. If you think there's a lack of competition someplace, you come in and intervene on that part of the reason, I think people should say, okay, things some things are going. Well, overall is that flirting with radical change dramatic change tau, we run these systems. I personally my vote will be not to make a radical change that you can say I'm biased because this system has worked very well for me, and I feel I plead guilty to that. But as I look overall at. The the capitalist economies. There are a lot of good things doing, and I think you can tune tax parameters and get way more equity and get some additional government services and still be in the same basic framework. Stay with us when we come back bovine flatulence and reinventing toilets why they will both change the world. Bill Gates explained. Hiring is challenging, but there's one place you can go. We're hiring is simple fast. And smart that plays ZipRecruiter with their powerful matching technology. Ziprecruiter scans thousands of resumes to find people with the right experience and invite them to apply to your job. Ziprecruiter is so effective that eighty percent of employers who post on ZipRecruiter get a quality candidate through the site within the first day and right now listeners can try ZipRecruiter for free at the exclusive web address ZipRecruiter dot com slash GPS. That's
"tax rates" Discussed on Fareed Zakaria GPS
"This podcast is brought to you by book dotcom in partnership with the cantata row tourism board, book dot com. The number one site for all inclusive beach vacations. This is GPS global public square. Welcome to all of you in the United States and around the world. I'm for it. Sakaria? Today on the show the second richest man in the woods. Bill gates. He might be the wealthiest of you hadn't given away so much of his money. Trying to save the world. Dr him about what he's learned while giving away his billions. Also artificial intelligence. People worry, we'll steal their jobs. But if we get it, right minded, save our lives. How could find the drug that yours disease? And a Cold War spice story of different guide. The years after World War Two why did the United States give up the chance to control one of the world's most powerful institutions will tell you. But first, here's my take in reason weeks attention has focused on to freshman democratic members of congress Alano mar and Rashida tally both of whom Muslim and they've made critical statements about Israel and its most ardent American supporters that tweets and comments have been portrayed by some as not simply criticisms of Israel. But rather evidence of a rising tide of antisemitism on the new left out. I don't know what's in the heart of the two representatives. But I do believe that Muslims should be particularly thoughtful. When speaking about these issues because antisemitism has spread throughout the Islamic world. Like, a cancer, Omar Antolin are of course, not responsible for this in any way. But they should be aware of this poisonous intellectual climate in twenty fourteen. The Anti-Defamation League did a survey in more than one hundred countries. As of attitudes towards Jews and found that anti semitism was twice as common among Muslims than Christians those far more prevalent in the Middle East than the Americas. It has sometimes tragically gone beyond words Morphing into terror attacks against Jews even children in countries like France, it might surprise people to know that it wasn't always this way in fact through much of history the Muslim Middle East was hospitable to Jews when Christian Europe was killing or expelling them the great historian Bernard. Lewis one set to me people often note that in the late nineteen forties and fifties hundreds of thousands of Jews fled Arab countries. They rarely ask why so many Jews will living. In those lands in the first place on shouldn't exaggerate the status of Jews under Slavic rule. There were second class citizens, but they were tolerated and encouraged to a fog greater degree. In Muslim societies than in Christian ones. Things changed in the late nineteenth century when according to Luis seminal book, the Jews of slum as a direct result of European influence movements appear among Muslims of which for the first time. One can legitimately used the term anti semitic. Muslim started to worry that the British who came to rule much of the Middle East will favoring the small non Muslim communities, especially Jews and expressing their hostility to Jews. Muslims began importing European anti semitic. Tropes. Like the notion of blood libel. Noxious anti semitic works started to be translated into Arabic. What supercharged all these attitudes was the founding of Israel and nine hundred forty eight and the determination of our leaders to defeat it in their zeal to de legitimize the Jewish state, Arab states became vast propaganda machines for antisemitism. Brainwashing generations of their people with the most hateful ideas about Jews anti semitism is now routine discourse in Muslim populations in the Middle East and the last far beyond while some governments have stepped back from the active promotion of hate the damage has been done. It should be possible to criticize Israel as Peter beinart his written establishing two legal systems in the same territory. One foot Jews and one foot ballots tinians as Israel does in the West Bank is bigotry, and it has lasted for more than a half century. It should be possible to talk about the vast influence of the American Israel Public affairs committee or APEC, I recall, senators, privately worrying that if they supported the Iran nuclear deal eight-pack target them. Of course, this is true of other lobbies. And it's not the only reason senators voted against the deal. These are all legitimate issues too. Vigorously debated discuss in America, just as they are in Israel. Unfortunately by freezing the issue as the two new representatives. Sometimes have they squandered an opportunity to further that important debate. For more. Go to CNN dot com slash freed and read my Washington Post column this week, and let's get started. In
"tax rates" Discussed on C-SPAN Radio
"Tax rates on our job creators lower and then the president promised during the campaign he was going to deliver tax cut to middle class americans and uh we couple those two together and uh that's our tax reform bill and yet critics say it does not do one thing simplify the tax code well it it does in a lot of ways uh it it doesn't does simplified as much as i would like to look i'm i'm a flattax or unfair tax proponent uh but it gets us there it out the house bill i think was a simpler than the senate bill but again in the compromise of luck of legislative process you know we hit we had to make it more complicated in the house bill but it is less complicated in the current tax code we are also reading that uh when you come back next year you'll have to do number sixes to this deal some corrections or changes what can you tell us about that well i know one one that is going to work curry's is we're going to waive the pay go requirements uh that would that would otherwise costs uh cause across the board cut in some areas but we've done that before you know we'll do it again uh and then i'm sure in a bill that said that this longest this tax bill are they're gonna be small changes that have to be made along the way and that's part of the normal legislative process we'll get to it i will make those changes in will i as i say will will delivered on on the president promised middleclass americans we're talking with republican congress anti harris and a process question because with the affordable care act no republicans supported that legislation and with regard to your tax bill now democrats supported is this the new norm is there a way for both parties to come together and some of these big issues while i would hope there would be i was a little disappointed because we had bipartisan agreement that we.
"tax rates" Discussed on All Business with Jeffrey Hayzlett
"Lee deficitneutral so they lower tax rates significantly but the whole structure that they used was every dollar of revenue loss from lowering attacks tax rate was offset by a base broadening measure by getting rid of abduction so in the end it was deficitneutral so it wasn't a tax cut it just was cure tax reform so given ole then should we be talking about rates being to lay rhino interest rates i mean i can remember back in 1979 1980 1982 83 when people talk about house loans my house loan was ten percent in south dakota i got alone for a house through the south could housing authority which was for first time buyers a reduced loan interest rate low which loans were going for like eighteen to twenty percent back them and i got any a 10percent loan thought i was role i thought i was in auxerre well of course attrition was so strongly ranked ten percent as well go and of course that was omitted disaster and the fed has raised interest rates dramatically of course when mid balkar came in in 1979 he pushed up interest rates dramatically and we ended up having to have backtoback recessions in the early 1980's it got the on a plan rate up to ten percent and ultimately that was needed to squeeze inflation out of the system so we certainly don't want to go back to those states may just tell retire because inflation is highest is not is not not a good thing m i mean i think in is certainly the economy is normalising the fed.
"tax rates" Discussed on Cape Up with Jonathan Capehart
"If we are willing to white those out we could bring our tax rates down so low i think probably to twelve and fifteen and twenty maybe 25 percent bring the rates down massively then we could look through them again and thank does this actually make sense do we want to subsidize vacation homes do want to subsidize mortgages up to a million dollars or should maybe we just have a housing credit or something that subsidizes peopled first time homebuyers couple things that are more targeted we could save a lot of money bring those tax rates down significantly and the result of that and this is the less tangible thing but um important thing is it would grow the economy and we need to be finding ways to grow the economy but i guess the final point i would make before we move onto these tax breaks it ugly you muchas get viagra every tax break is really supported by everybody gets it but it's also supported by huge industries many which are based ramblas tax breaks just think about it this way if you have a massive industry and it's just backed by you know hundreds of tax lobbyists defending their tax break do you really believe that that's doing as much good for sort of the normal taxpayers we think or as that ultimately a subsidy that's helping the those industries are helping certain segments that may be aren't just middleclass tax payers as a talking point goes i'll take that as a rhetorical question so dan okay so that i uh basically about what's proposed ugly has been the pivot from tax reform to tax cuts tax reform makes so much sense it's not easy it create some winners and create some losers but its overall a really good thing to do tax cuts basically is.
"tax rates" Discussed on KQED Radio
"Is the tax rates of that time or vast finally higher than they are today and us secondly you had vast amount of inflation in the 1970s emmett interacted badly with the tax schedule because as workers got cost of living pay raises the gut pushed up into higher tax brackets that we're basically reserved for the wealthy not four average working class people so we really needed a big tax cut to just to keep taxes from rising and it seemed appropriate to have an across the board tax rate reduction and and so i i think that was good policy of that too sean and so what's changed now is it that the other economic conditions are so different of what is it one of the things that we thought was a result of inflation is that it meant that you had too much demand annan enough supply will today our problem is really the reverse we have very little demand excessive supply and the evidence for that is that inflation is very very low interest rates are the lowest in practically in american history and i just think the nature of the economic problem is quite different and we need different policies republicans that say that they wanna cut taxes but reducing revenue also raise this is the deficits unless the math really does work that you actually generate enough economic growth to compensate those deficits is also been kind of part of core conservative philosophy to keep federal budget deficits as low as possible people have said for decades that this is a tax on future growth this is a tax on future generation it puts upward pressure on interest rate it's is that idea simply not even discussed any moral was deficits art considers all you discuss when there was a democrat in the white house the rest of the time republicans are just hypocrites and waters because they know perfectly well from experience we had recent experience with george w bush he cut taxes six or eight different times during his administration growth was half of what had been in the 1990s we lost literally trillions of dollars of revenue that added to the debt and the deficit in major's blindly ignore this stuff i have heard any number of republicans including mitch mcconnell the senate majority leader say within lose any revenue is just crazy they just.