Fox's Charles Payne blames popularity of taxing the rich on “fairness” being “promoted in our schools for a long time”
Payne: “We're starting to see kids who grew up in this notion that fairness above all and now they are becoming voting age and they are bringing this ideology with them.”
From the February 5 edition of Fox News' America's Newsroom:
SANDRA SMITH (CO-HOST): There is -- what seems to be, a movement against capitalism in this country. This is a piece in Politico, just published: “Soak the rich? Americans say go for it.” In this piece -- it talks about how recent polling is showing that the American public is increasingly on board with raising taxes on the rich. As evidence, we pulled up this latest Fox News poll on the issue, whether Americans support raising taxes on the wealthy, on incomes over $10 million. Those that are in favor of that, 70 percent, Charles. Over a million dollars in income, 65 percent are in favor of raising taxes.
CHARLES PAYNE (FOX HOST): The idea of fairness has been promoted in our schools for a long time. And we're starting to see kids who grew up in this notion that fairness above all and now they are becoming voting age and they are bringing this ideology with them. In the real world, though, you have places, very progressive states like in New York where you have the governor saying, hey, 46 percent of -- the 1 percent pay 46 percent of the taxes. Last year in California, the governor, you know, [former Gov. Jerry] Brown said the 1 percent pay 48 percent of the taxes. Let's not go back to that well anymore. So there's a practical, realistic idea about this and there's the ideological, hey I'm going to -- it's the right thing to do. It doesn't work. But I will say capitalism has to do a better job defending itself. I'll give you a great story though. Yesterday, a company received a takeover bid, $11 billion, Ultimate Software. What I loved about it: All their employees have stock. Every one. 1,600 instant millionaires. So this -- these are the kind of things that I think you got to hear more and see more from capitalism --
BILL HEMMER (CO-HOST): Sell the story.
PAYNE: -- to curb this wave, because this is an avalanche that's coming. And all the experts who come on TV and say, “Eh, it will never get voted in,” I'm looking at them like, you know, sometimes you've got to get off Park Avenue, my man, because it is coming.
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