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The Way I Heard It with Mike Rowe

104: The One Percenters

The Way I Heard It with Mike Rowe

The Way I Heard It with Mike Rowe

History, Society & Culture

4.940.8K Ratings

🗓️ 3 July 2018

⏱️ 7 minutes

🧾️ Download transcript

Summary

They paid their fair share, and then some...

Transcript

Click on a timestamp to play from that location

0:00.0

This is the way I heard it.

0:08.0

John's a farmer in Hopewell, New Jersey, like many working farmers, John feeds lots of

0:13.4

Americans who have no idea where their food comes from.

0:16.8

But unlike many of his peers, John is not struggling to make a living.

0:22.6

He's prospering.

0:23.9

In fact, John, he's downright rich.

0:27.0

So too is Frank.

0:28.6

Frank made his money doing whatever it is international business men do.

0:33.4

Something to do with the mercantile exchange.

0:36.7

He was born in Wales and educated in the very best schools.

0:40.4

After becoming a legal citizen of this country, he made an absolute fortune.

0:45.2

Now he employs more people than he can keep track of.

0:48.8

And then there's Richard.

0:50.3

Richard is one of the wealthiest lawyers in America.

0:53.8

He studied law at Princeton, which his ancestors helped build.

0:58.2

Now he sits on the bench of the New Jersey Supreme Court, where his reputation as a jurist

1:04.4

earns him the respect of politicians on both sides of the aisle.

1:08.0

Not long ago, John, Frank and Richard all sat down with dozens of other wealthy Americans

1:16.0

at a private men's club in Philadelphia to discuss, among other things, the future of our country

1:21.9

and the current tax code.

1:24.0

Not only do these men believe their taxes are far too high, they feel their money is being

1:31.2

squandered by America's leaders.

...

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