The American people I talk to don't spend every moment thinking, 'How can I tax my neighbor more than they're being taxed?' They say, 'How can I get a good job? How can my kids get good jobs? How can seniors have a confidence in their future when they know that Social Security, Medicare and Medicaid are bankrupt?'
And this President wakes up every morning, looks out across America and is proud to announce, 'It could be worse.' It could be worse? Is that what it means to be an American? It could be worse? Of course not. What defines us as Americans is our unwavering conviction that we know it must be better.
There are many people who think we should have zero tax on capital gains, interest and dividends for everybody, as - the very, very wealthy. But recognize that means that Bill Gates and Warren Buffett would pay no income tax at all. And some people say, 'Well, that's a good thing for growth of the economy.'