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neil: in britain. is it legal? >> it is legal, but the loopholes have to close, to be fair to starbucks, they realized this is p, suicide, they said we do need to pay more, it will be interesting whether google and amazon will follow. neil: i am not a fan of any company that is charges $7 for a cup of coffee. it has to be made out of gold. then you could not drink it i am wondering. it seems to me, there is a disproportionate emphasis on raising taxes, the rate they brought to $55, they over did the fees, and charges and excise tax, now it is like they are hunting for change under the mattress? >> as far as corporate tax rates, britain is very reasonable, it has gotten lowest in the world. neil: they want to raise them. >> no going down to 23%. neil: close the loopholes. >> here, that. and however, yes, taxes did go up about a 4 to 1 ratio, things have been wrong in britain. neil: why are they in the else they are -- picking they are in then. >> many people say -- too many cuts too soon on the expenditure side that
neil: in britain. is it legal? >> it is legal, but the loopholes have to close, to be fair to starbucks, they realized this is p, suicide, they said we do need to pay more, it will be interesting whether google and amazon will follow. neil: i am not a fan of any company that is charges $7 for a cup of coffee. it has to be made out of gold. then you could not drink it i am wondering. it seems to me, there is a disproportionate emphasis on raising taxes, the rate they brought to $55, they...
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Dec 30, 2012
12/12
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this is when britain was richer but the united states decided to catch up. and now this is australia and new zealand. now at turn of the century, united states is pushing forward with technology and the market economy and they ve a lot of good public health things beg done and the rest of the world that is dominateing, india and china, but in the 60's they ssed the market economies are good and they grow their economies and they are catching up. todaen we land, 2010, tse are the countries that borro money theichest when they have their problems. >> in my mind this raises two questions, or two amazing results from this. there have been thousands of years of human history and everyone was stuck on the lower left for thousands of years, it has been 200 years that you have all of this activity and how comeome countries are still stuck? >> it is easy to understand. the best message today is that most of thefrican countries are now in fast economic growth. they have correctedthe wrong market ideas they had 20 years ago, and they have a much better education than,
this is when britain was richer but the united states decided to catch up. and now this is australia and new zealand. now at turn of the century, united states is pushing forward with technology and the market economy and they ve a lot of good public health things beg done and the rest of the world that is dominateing, india and china, but in the 60's they ssed the market economies are good and they grow their economies and they are catching up. todaen we land, 2010, tse are the countries that...
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tracy: higher taxes on the wealthy prompted an exodus from france and britain. will americans follow them to other countries? looks how oil is trading as we head out to break. pretty much flat. $89.08 a barrel. we'll be right back. tracy: it is time to make money with charles payne. this hour we're taking a look at a farm cute -- pharmaceutical company in the green. points.own about three >> market is not looking good. this is called medicis company. it is not relativelily well-known. beat the street, 27%, 47%. they had a miss. stock pulled back. they have three strong products. what i'm intrigued by is the proddct pipeline. they have anti-platelet agents that was reviewed by the university of munich. tremendous review. patients on the verge of having cardiac surgery got to get all that plavix out or counteract that. if this gets approved, three products in phase three which is step after that, new drug application. tracy: right. >> then you go to the market. if one of these gets approved i think the stock pops. certainly if this one gets approved i think it mak
tracy: higher taxes on the wealthy prompted an exodus from france and britain. will americans follow them to other countries? looks how oil is trading as we head out to break. pretty much flat. $89.08 a barrel. we'll be right back. tracy: it is time to make money with charles payne. this hour we're taking a look at a farm cute -- pharmaceutical company in the green. points.own about three >> market is not looking good. this is called medicis company. it is not relativelily well-known....
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Dec 28, 2012
12/12
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this is when britain was richer but the united states decided to catch up. and now this is australia and new zealand. now at turn of the century, united states is pushing forward with technology and the market economy and they have a lot of good public health things being done and the rest of the world that is dominateing india and china, but in the 60's they missed. the market economies are good and they grow their economies and they are catching up. today when we land, 2010, these are the countries that borrow money to the richest when they have their problems. >> in my mind this raises two questions, or two amazing results from this. there have been thousands of years of human history and everyone was stuck on the lower left for thousands of years, it has been 200 years that you have all of this activity and how come some countries are still stuck? >> it is easy to understand. the best message today is that most of the african cntries are now in fast economic growth. they have corrected the wrong market ideas they had 20 years ago, and they have a much be
this is when britain was richer but the united states decided to catch up. and now this is australia and new zealand. now at turn of the century, united states is pushing forward with technology and the market economy and they have a lot of good public health things being done and the rest of the world that is dominateing india and china, but in the 60's they missed. the market economies are good and they grow their economies and they are catching up. today when we land, 2010, these are the...
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Dec 17, 2012
12/12
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consider britain. after they announced a plan to levy a 50 percent income tax on people earning a million pounds are more, the number of books in that category gets decidedly smaller. check out these numbers. the number of millionaire tax filers in 2009, 16,000. by 2010 that number had dropped to 6,000. that government pinned its hopes on raising new revenues, with the law of unintended consequences took hold. suddenly 60 percent fewer millionaires. here is the impact on government coffers. a lot has changed. britiih millionaire's contributed 13 and a half billion pounds or 9% of a total tax liability of all taxpayers the year. but in a lot changed. amelya air taxes raised six and a half billion pounds or less than 4 percent and have -- for a half percent of the total tax liabilities. so what happens? then dozens of millionaires leave the country? what the people move to get a lower benefit? did they all get stung by a weak economy? any or all of this could have happened, but the story is a warning sig
consider britain. after they announced a plan to levy a 50 percent income tax on people earning a million pounds are more, the number of books in that category gets decidedly smaller. check out these numbers. the number of millionaire tax filers in 2009, 16,000. by 2010 that number had dropped to 6,000. that government pinned its hopes on raising new revenues, with the law of unintended consequences took hold. suddenly 60 percent fewer millionaires. here is the impact on government coffers. a...
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great britain is the plummest of the plums. stuart: it goes to a professional, surely. >> parties do this. it is wrong, but each sides rewards its contributors by giving them these jobs. president obama is not unique to this. it doesn't make it right or doesn't make him any worse than any predecessor. liz: what are you going to do next? are you going to nominate sean penn to be ambassador to venezuela? or bruce springsteen labor secretary? i think she should be ambassador to russia -- no i'm kidding. no, really judge. david: i want to come to the judge's side here. think of great britain, world war ii. guess who fdr had as his ambassador? joseph kennedy, he hired a bootlegger to be the ambassador to the u.k. >> a bootlegger that said don't resist hitler -- david: exactly a bootlegger who was cozying up to adolf hitler. i'm not justifying it, but i'm just saying going way back to world war ii. >> to your point, presidents have been wrong to treat this with a lack of seriousness. to treat it as if it's a social job rather than a
great britain is the plummest of the plums. stuart: it goes to a professional, surely. >> parties do this. it is wrong, but each sides rewards its contributors by giving them these jobs. president obama is not unique to this. it doesn't make it right or doesn't make him any worse than any predecessor. liz: what are you going to do next? are you going to nominate sean penn to be ambassador to venezuela? or bruce springsteen labor secretary? i think she should be ambassador to russia -- no...
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consider britain. after the government announced a plan to levy a 50 percent income tax on people earning a million pounds or more big number of people in that category shrunk. check out these numbers. the number of millionaire tax filers in 2009. by the time, the tomb of the law went into affect it fell. the government had been its @%pes on raising two and a half billion pounds in new revenue but the law of unintended consequences to cold. suddenly and inexplicably there were 60 percent fewer millionairess. british million has contributed 13 and a half billion pounds or 9 percent of all the government and come before the hike. fast forward. millionaire taxes raised six and a half billion pounds or less. for a half percent after the hike. that is not the comparison there were looking for. what happened? 10 billion as of the country, well to people moving come into 2009 to get the benefit of a lower rate. did they all get stung by a weak economy? probably all of that or maybe some of it. but this story
consider britain. after the government announced a plan to levy a 50 percent income tax on people earning a million pounds or more big number of people in that category shrunk. check out these numbers. the number of millionaire tax filers in 2009. by the time, the tomb of the law went into affect it fell. the government had been its @%pes on raising two and a half billion pounds in new revenue but the law of unintended consequences to cold. suddenly and inexplicably there were 60 percent fewer...
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Dec 15, 2012
12/12
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build more wind farms was bring in a senior fellow from the manhattan institute it is almost laughable britain said the offshore wind farm not produce as much as three thought. it is not even a good idea we still spend money. >> it is agreed example to show the wind industry is the most favored in america wis subsidies and mandates hang getting subsidies under the national wildlife flawed no bearing more money at the offshore sector that would give expensive. tracy: the floating when the bill is out on the water somewhere slowly bringing power back? >> the important thing to realize what is the cost of electricity that may be generated offshore? look at the data it is clear. the cost of offshore wind is 2.5 times from the onshore wind turbine and five times as natural-gas. it will be extremely expensive if it is built. tracy: more money and not as much energy as we thought. what is the rationale? [laughter] part of the obama administration push all of the above strategy does not matter if it works. we should have a diverse portfolio for those that are viable. the view is not winter solar but i
build more wind farms was bring in a senior fellow from the manhattan institute it is almost laughable britain said the offshore wind farm not produce as much as three thought. it is not even a good idea we still spend money. >> it is agreed example to show the wind industry is the most favored in america wis subsidies and mandates hang getting subsidies under the national wildlife flawed no bearing more money at the offshore sector that would give expensive. tracy: the floating when the...
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Dec 30, 2012
12/12
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our major trading partners, britain and europe and canada -- they are oly 16%. so there is a very good reason why just about every industrial country has a really low capital gains tax rate. that's because policymakers just about everywhere know that low capital gains tax rates are crucial for a growthof economy and entrepreneurship and high-technology industries. gerri: so what if we compare favorably with a lot of developed countries out there -- what would be the practical effect? >> it will slow the flow of venture capital and investment for high-technology companies. if you think about every major high-tech company like apple or microsoft or ebay or amazon, they were all nurtured by high income people putting money in early on to these startup companies. we dramatically cut the capital gains ta rate from 40% to 20% before, so what we are going to do is kill america's entrepreneurial economy. gerri: let's get into the details of this. why you would want to keep these capital gains taxes low. you say it is an issue of double taxation. >> that's right. corpora
our major trading partners, britain and europe and canada -- they are oly 16%. so there is a very good reason why just about every industrial country has a really low capital gains tax rate. that's because policymakers just about everywhere know that low capital gains tax rates are crucial for a growthof economy and entrepreneurship and high-technology industries. gerri: so what if we compare favorably with a lot of developed countries out there -- what would be the practical effect? >>...
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Dec 31, 2012
12/12
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some of us immigrants from britain are tired, sick and tired of you giving us a bad name. i don't care about your opinions. americans don't like being talked down to. i will buy you a ticket to london. i will give you a stopover in paris, which brings us to item two, the french and their 75% tax. struck down by a french court on the grounds that it is unfair. that's interesting. the court said a household earning more than 1 million euros would not pay the tax. but an individual earning a million would. hence, unfair. we will resubmit and reword the law and when we do, we will catch even more rich people, so there. so to sum up, i wish piers well if he chooses to settle, resettle in britain. i hope he does. but i will absolutely guarantee that he will not extend his stopover in france. not even liberals choose a 75% tax rate. stuart: let's go to chicago. let's bring in larry levin with trading advantage. larry, i'm going to guess that maybe, just maybe, there will be a very very narrow deal announced much later on today. where we just tax people over a certain amount of mo
some of us immigrants from britain are tired, sick and tired of you giving us a bad name. i don't care about your opinions. americans don't like being talked down to. i will buy you a ticket to london. i will give you a stopover in paris, which brings us to item two, the french and their 75% tax. struck down by a french court on the grounds that it is unfair. that's interesting. the court said a household earning more than 1 million euros would not pay the tax. but an individual earning a...
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Dec 28, 2012
12/12
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interest rates are reasonable in spain, italy, and great britain. ashley: corporate earnings, signs of weakness in the last earnings season. concernedded about that? >> i think that it's cyclical. i think there's been little signs. i think we have to get employment together in the united states. housing is starting to come back. we're -- slowly, but in the north east in particular, there's more demand, and there's less housing inventory, but in the rest of the country, we have to wait and see on that. employment is really, really the key thing, and so what comes out of all the negotiations and how we employee people, infrastructure, and all of that makes a difference. ashley: companies hunkering down, a lot of cash, but not doing in until washington gets the act together. >> means technology, for example, could be a big sector. if companies get signals from washington and go out and invest into hiring people, putting technology online, it could be great, but we're just waiting and waiting and waiting, which is why it's a cliff hanger. ashley: cliff
interest rates are reasonable in spain, italy, and great britain. ashley: corporate earnings, signs of weakness in the last earnings season. concernedded about that? >> i think that it's cyclical. i think there's been little signs. i think we have to get employment together in the united states. housing is starting to come back. we're -- slowly, but in the north east in particular, there's more demand, and there's less housing inventory, but in the rest of the country, we have to wait and...
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Dec 26, 2012
12/12
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that is why when britain raise the tax rate from 40 to 50%, they found they got less revenue and will be lowering their tax rates again in april because they found it didn't work, they got less revenue. david: a pleasure to see you, thank you very much for coming in. >> great to be with you. david: thank you. after suffering a major outage earlier this week, netflix is pointing the finger at amazon.com. despite being competitors when it comes to the streaming business, two companies are partners when it comes to server assistance. shibani joshi has been covering the story. it was extraordinary when we first saw the deal being negotiated between apple and netflix. if you have an apple tv box you will see it features netflix as an icon. shibani: in this case amazon, the service provider, is competitors coming up with this new streaming service to get you to stream movies and videos and everything netflix does that also a web hosting business which is basically like the cloud, that is the engine that powers that flex. 27 out of 30 million customers were in the block without any access to
that is why when britain raise the tax rate from 40 to 50%, they found they got less revenue and will be lowering their tax rates again in april because they found it didn't work, they got less revenue. david: a pleasure to see you, thank you very much for coming in. >> great to be with you. david: thank you. after suffering a major outage earlier this week, netflix is pointing the finger at amazon.com. despite being competitors when it comes to the streaming business, two companies are...
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Dec 10, 2012
12/12
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organisation for economic co-operation and development seeing economic growth pick up in the united states and britain. the agency is expecting weak growth ahead for germany and france. >>> pay for presidents of private colleges rose from the year prior. the president of the new school is the highest paid in the country. that is right here in new york city at more than $3 million. >>> national hockey league is canceling its regular season through december 30th, i know, due to lack of collective bargaining agreement. 526 games, more than 40% of the season has been canceled. that unfortunately is that [buzzer] that is end of today's speed read. liz: it is disgusting. it is horrifying. we don't seem to be any closer to a resolution on the fiscal cliff even though many are warning that the economy could face dire consequences if there is no agreement but one strategist says, why are you worrying about december 31st? that deadline isn't even the real fiscal cliff. david: that strategist is none other than peter schiff, ceo of europacific precious metals. friend of the show. peter, although i wish it was un
organisation for economic co-operation and development seeing economic growth pick up in the united states and britain. the agency is expecting weak growth ahead for germany and france. >>> pay for presidents of private colleges rose from the year prior. the president of the new school is the highest paid in the country. that is right here in new york city at more than $3 million. >>> national hockey league is canceling its regular season through december 30th, i know, due to...
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Dec 19, 2012
12/12
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cutting anything in t country, justttrying to restrain how much more we keep increas government, and in britain, they've at least slowed the growth, have they not? >> they slowed the growth a bit, but tax increases, especially in the near term, have been the bigger share as composed to slowing growth of spending. there's promises which is what we get in the fiscal cliff whenever they announce the deal. there's promises, oh, in yers two, three, four, and ten, we restrain spending. i guarantee you, neil, i bet you dollars to donuts, so-called spending cuts, just reductions in increases are notgoing to happen. the politicians always do this thing. it's lucy holding the football, chlie brown kicks it, she yanks it away, and what happens? he winds up on the back, and in this analogy, the txpayer -- the republicans are charlie brown because they are in this, but the txpayers lose. neil: i wonder why charlie brown never sued. final words? >> entitlements are bipartisan, has to be a bipartisan solution. neil: what? >> bipartisan. romney and obama supporters, everody has entitlements. neil: understood.
cutting anything in t country, justttrying to restrain how much more we keep increas government, and in britain, they've at least slowed the growth, have they not? >> they slowed the growth a bit, but tax increases, especially in the near term, have been the bigger share as composed to slowing growth of spending. there's promises which is what we get in the fiscal cliff whenever they announce the deal. there's promises, oh, in yers two, three, four, and ten, we restrain spending. i...
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and great britain might go down the tubes. >> ambassadors have to be nice. and that is a perequisite. again, this is a woman. absoluly right. she raised $7 million for the obama campgn which certainly gets you consideration, but a won his magaziie featred one ofhe most worst villains in the world at preent inher magazine. diplomacy and bogor don't go handn hand. melissa: and if there's anything weave learned it is so important our diplomats are. this is animportant choice. this is not like a tree to be ven away. and noit has in the past everyone is making the point when george w. bush did this. it is not okay for anyone. >> in the past for previous presidents, and did you all di this. go to big donors, but the good people who have some diplomatic experience or business perience to know how t operate in the world. melissa: or who are friendly. i dn't know. >> president obama has done the slightly more thaothers. forty of his 59 ambassadorial appointments hbeen to top donors. that has toet arraigned in. melissa: and may have o stumbl on. i know. i was trying t
and great britain might go down the tubes. >> ambassadors have to be nice. and that is a perequisite. again, this is a woman. absoluly right. she raised $7 million for the obama campgn which certainly gets you consideration, but a won his magaziie featred one ofhe most worst villains in the world at preent inher magazine. diplomacy and bogor don't go handn hand. melissa: and if there's anything weave learned it is so important our diplomats are. this is animportant choice. this is not...
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Dec 26, 2012
12/12
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against the communications workers of america for making false claims about its internet service and britain alleging that district 1 and local 1109 engage in an unlawful campaign to suspend cablevision and its business and the ipad mini is fresh off of manufacturing line but reports of a new ipad are already circulating. you must be wondering what another ipad offer that is new. it will look like a mini in terms of design and will be fair, narrower and shorter. that is the latest from the fox business network giving you the power to prosper. question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approv to treat ed and symptoms of bph, like needingo go frequently or urgely. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with ci
against the communications workers of america for making false claims about its internet service and britain alleging that district 1 and local 1109 engage in an unlawful campaign to suspend cablevision and its business and the ipad mini is fresh off of manufacturing line but reports of a new ipad are already circulating. you must be wondering what another ipad offer that is new. it will look like a mini in terms of design and will be fair, narrower and shorter. that is the latest from the fox...
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connell: the devil wears -- becoming our next ambassador to britain. dagen: holiday travelers paying up. the average ticket price topping $450. connell: everyone needs a few days off. it is the top of the hour. we will go to nicole petallides. good morning. nicole: good morning. let's take a look at what is going on here. let's take a look at jardin restaurants. it turns out they are not meeting the analyst expectations. let's take a look at the stock. it is near its lows of he day. their earnings will miss the analyst estimates. same-store sales dropping 3.2%. as a result, sales have diminished. how about the major market averages? the dow is higher, but the s&p and the nasdaq are lower. dagen: republicans finally pulling off their own plan to deal with the fiscal cliff. connell: the white house predictably saying, no deal. the parameters are there now. we can start to imagine what a deal may look like. >> i think that is right. they have been adamant in saying we want more revenue. they have kept the rates down. they have had spending cuts. i think t
connell: the devil wears -- becoming our next ambassador to britain. dagen: holiday travelers paying up. the average ticket price topping $450. connell: everyone needs a few days off. it is the top of the hour. we will go to nicole petallides. good morning. nicole: good morning. let's take a look at what is going on here. let's take a look at jardin restaurants. it turns out they are not meeting the analyst expectations. let's take a look at the stock. it is near its lows of he day. their...
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Dec 27, 2012
12/12
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stuart: the level of property crime in britain is five times higher than what it is in america. bad guys know for a fact that there is not guns in their. >> to believe -- [talking over each other] stuart: the public issuing of the information. that is what is wrong. >> i think it makes a lot of people uncomfortable. if there is someone out there that will target him, he has the gun to protect himself if a person breaks in. stuart: i do not think that newspapers should be doing that. >> i agree with you. it does not pass the smell test. it makes me uncomfortable to have that information. stuart: elizabeth macdonald, it is all yours. >> the latest on the fiscal cliff crisis. why it is taking down the markets and white finding an answer, it always seems to come down to the last minute. the storm hitting the midwest and it is now hitting the northeast. oh canada, out of work americans are heading north to find jobs. top of the hour. time now for stocks. nicole petallides on the floor of the new york stock exchange. nicole: we are down about 72 points. the vix, the fear index, has an
stuart: the level of property crime in britain is five times higher than what it is in america. bad guys know for a fact that there is not guns in their. >> to believe -- [talking over each other] stuart: the public issuing of the information. that is what is wrong. >> i think it makes a lot of people uncomfortable. if there is someone out there that will target him, he has the gun to protect himself if a person breaks in. stuart: i do not think that newspapers should be doing that....
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Dec 12, 2012
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do not want to create a european style aristocracy and amass wealth like the dukes and duchesses or britain, that's their argument. we're different in america, we don't want to be like them, what do you make of that. >> i call it the office of what you believe. they are the aristocracy. they are the royals and they don't much like the notion that you might creep up, creep up upon them, right. stuart: and so. >> you could pass along to the generation some of your hard work and somebody who you love would have a nest egg with which to build more? wait, i can feel him. he's on floor three and i'm on ten. they don't like that, get back to floor one with the rest of you. stuart: excellent. dr. keith ablow, original as ever. appreciate it it. and time for your gold report. where are we this morning? the dow sup, stocks are up, oil is up and yes, gold is up. 1719 per ounce, even senate democrats are saying hold off on some rules for obamacare. they're worried about granny's hip. maybe they should have read the bill before passing it. we're going to play it again. remember this? >> but we have to p
do not want to create a european style aristocracy and amass wealth like the dukes and duchesses or britain, that's their argument. we're different in america, we don't want to be like them, what do you make of that. >> i call it the office of what you believe. they are the aristocracy. they are the royals and they don't much like the notion that you might creep up, creep up upon them, right. stuart: and so. >> you could pass along to the generation some of your hard work and...
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Dec 28, 2012
12/12
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joining us, senior economic consultant and former adviser to britain's margaret thatcher and john brown, one of the long as titles on the show today. make your case. >> i think the fiscal cliff is damaging to the economy and american prestige, it is merely a side issue to the entitlement cliff that was engineered and constructed by the career politicians from both parties and the only way to stop it and fiscal cliff is bad enough, imagined getting rid of the entitlement cliff. it would take years and years of problems and the only way to surmount that in my view is to have strict single term limits for all politicians because the moment the politicians place their reelection and their career ahead of their party in the country, we want to reverse, we want the country to come first and that is the only way they can do it. the tea party has been very effective in targeting tax you see being argued now in congress and the house. with the republican party, the wrong target. the tea party in my view should be targeting single term limits for all politicians. dennis: even if selfless members
joining us, senior economic consultant and former adviser to britain's margaret thatcher and john brown, one of the long as titles on the show today. make your case. >> i think the fiscal cliff is damaging to the economy and american prestige, it is merely a side issue to the entitlement cliff that was engineered and constructed by the career politicians from both parties and the only way to stop it and fiscal cliff is bad enough, imagined getting rid of the entitlement cliff. it would...
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Dec 11, 2012
12/12
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it happened in britain, maryland and california. 2 points are made here, practical and moral. first practical. doesn't work. you might think tax the rich is popular politically but practically it does not bring in the money you think it is going to bring in. second the moral question. is it right for the government to take more than half of anyone's income? i think not. the socialists believe it is all our money. the refugee from that legalized theft, one last point. why doesn't he gerard depardieu come to new york or hollywood? that is easy. president obama wants to do his part in taxing the rich and will raise the top state and federal rate to 50% in new york and california. belgium is now more attractive than america. got to shake your head at that. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. stuart: michigan will become a right to wor
it happened in britain, maryland and california. 2 points are made here, practical and moral. first practical. doesn't work. you might think tax the rich is popular politically but practically it does not bring in the money you think it is going to bring in. second the moral question. is it right for the government to take more than half of anyone's income? i think not. the socialists believe it is all our money. the refugee from that legalized theft, one last point. why doesn't he gerard...
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thatcher dropped it in the first month to sixty% and then 40% and we had an explosion of enterprise in britain and that is the proof that high taxes destroy wealth creation in a country and destroy incentives for anybody to be successful. dennis: thank you for being with us, john brown, good to see you again. take care. cheryl: we are getting breaking news into fox business. according to partners at the wall street journal there's a deal in place to bring apple products to markets together with deutsche telekom. the chairman of deutsche texaco, calling it the final piece of the jigsaw to boost competitiveness in our t mobile usa deepened abilities of breaking news is apple and t mobile usa have struck a deal, one of the last pieces, the distribution model. dennis: t mobile is getting the iphone 5 or something. good for them. dennis: legalized pot in washington state and colorado. remember the feds say no way. dennis: gas prices coming down just in time for your christmas shopping trips. we will check with phil flynn to find out why. as we do every day at this time look at oil, down 2%. [ male
thatcher dropped it in the first month to sixty% and then 40% and we had an explosion of enterprise in britain and that is the proof that high taxes destroy wealth creation in a country and destroy incentives for anybody to be successful. dennis: thank you for being with us, john brown, good to see you again. take care. cheryl: we are getting breaking news into fox business. according to partners at the wall street journal there's a deal in place to bring apple products to markets together with...
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i think there are other intentions coming within the eu itself, the role of britain, role of all members that are not part of the euro zone that could be an additional factor why the european union in a few years i think will look very different from what it looks like now. david: gdp is an oxymoron, most greeks are not working; right? stuart: in america 45% of the total population has a job and works. as you look around the world, you don't see any bright spots, do you? >> well, i try and bring sweetness and light wherever i go, but sometimes it's hard. stuart: there ain't much out there that's really positive. i mean in an economic sense. >> i think part of our problem is that for four years the president just hasn't wanted to talk about these challenges and difficulties that we and others face overseas. that doesn't mean they go away. it simply means we're less prepared when they spring up. stuart: the last election was not fought on foreign policy or the economy. david: can't hillary when she leaves her job as secretarr of state, she could be brought back to testify the way petraeus
i think there are other intentions coming within the eu itself, the role of britain, role of all members that are not part of the euro zone that could be an additional factor why the european union in a few years i think will look very different from what it looks like now. david: gdp is an oxymoron, most greeks are not working; right? stuart: in america 45% of the total population has a job and works. as you look around the world, you don't see any bright spots, do you? >> well, i try...
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no, reality they implemented tax hikes first, millionaires tax in britain that didn't affect the millionaires. they had to dial back. in france, of course, in all these countries and italy and other countries excise tax. they went in first. the cuts came after that, whatever meager cuts. that was growth of the growth off the growth. melissa: right. >> the lesson to be learned from europe isn't to be careful on cutting. it is to be careful on hike being, on hiking taxes. the beast is the government, in my opinion here. the beast is the government. you don't reward the beast by giving it more food, more dollars. that's what i near is going on here. melissa: yeah. lori: the president's desire to get rid of the debt ceiling limit at all, what kind of ramifications, what could happen? are we looking at another debt downgrade? a second downgrade could be really, really -- >> here is what i agree with him. this charade we go through every few months on the debt limit. republican presidents, democratic presidents, mark zandi from moody's it does damage our credibility. i agree to something like that.
no, reality they implemented tax hikes first, millionaires tax in britain that didn't affect the millionaires. they had to dial back. in france, of course, in all these countries and italy and other countries excise tax. they went in first. the cuts came after that, whatever meager cuts. that was growth of the growth off the growth. melissa: right. >> the lesson to be learned from europe isn't to be careful on cutting. it is to be careful on hike being, on hiking taxes. the beast is the...