Fox host: There's no point in increasing taxes on the wealthy because "they will come up with various structures to hide income"
Maria Bartiromo: "At the end of the day, the government is not getting that revenue anyway"
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From the February 7 edition of Fox News' America's Newsroom:
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MARIA BARTIROMO (FOX BUSINESS HOST): It is confiscation, because, the truth is is, you can work your whole life, work really hard, achieve success, make money, and then get it taken away. Confiscated by the government. These policies oftentimes lead to unintended consequences where people will actually see that they're being overtaxed, see that they're being -- their money is being confiscated, and they will come up with various structures to hide income. And so, at the end of the day, the government is not getting that revenue anyway. I'm talking about legal structures, in some ways, where people will try their hardest to change the way their income is measured and that's one of the unintended consequences.