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Laura Coates Live

Officials Identify Four Killed In Georgia School Shooting

The 14-year-old suspect in the fatal mass shooting at a Winder, Georgia, high school will be booked Wednesday night, Georgia Bureau of Investigation Director Chris Hosey said at an evening news conference. Colt Gray will be charged with murder in connection with the deaths of two teachers and two students at Apalachee High School in Winder, Georgia, authorities said. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Duration:
39m
Broadcast on:
05 Sep 2024
Audio Format:
mp3

The 14-year-old suspect in the fatal mass shooting at a Winder, Georgia, high school will be booked Wednesday night, Georgia Bureau of Investigation Director Chris Hosey said at an evening news conference. Colt Gray will be charged with murder in connection with the deaths of two teachers and two students at Apalachee High School in Winder, Georgia, authorities said.

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(air whooshing) Tonight, America, it has happened again and we cannot be numb to it. Another mass shooting. This time in Georgia, two students and two teachers killed when a gunman opened fire at Appalachia High School in Winder, just north of Atlanta. The 14 year old suspect is in custody and will be booked tonight. He will be charged with murder and he will be charged as an adult. But there are still a lot of questions remaining. Not the least of which is how do we stop this from ever happening again? We're learning law enforcement question the suspect just last year over online threats to commit a school shooting. Local schools were alerted to monitor him. Police also confirmed that he used an AR-15 style weapon. And today for some communities just hours into a new school year, the heartbreaking reality is that four people just went to school and have lost their lives to senseless gun violence. And they are more than a number. We now know the identity of the four people who were killed. 14 year old students, 14 year old students, Mason Schurmerhorn, Christian Angulo, and teachers Richard Aspenwall and Christina Irami. They belonged to someone and who can begin to even imagine the pain of their losses tonight. Well today's events were a horrific scene that's played out time and time again. Starting with the blaring sirens from a swarm of police cars that were rushing to the scene then, something no parent ever wants to see images of students, perhaps even their own, being escorted out of their classrooms. Many of those frightened students, no doubt texting their parents texts like this one from a student to his mother. I'm scared, I'm leaving work, I love you. Other students witnessing the carnage firsthand, like one 16 year old who was sitting next to his respective gunman moments before the shooting. Now she says that he left their algebra class near the beginning, she thought he might be ditching. But he came back outside the classroom door a little bit later, but by that point, everyone knew that something was wrong. This is what happened next. There's an act at the door, so you look at the door and he's there and she's there as well and she looks and she sees him and she says he's here and we're about to open the door until the girl who's gonna open it kind of steps back and is like, oh wait, and then you just kind of see him through the little window turn almost and you just hear shots. Another student says that she realized how serious the situation was once you heard the screaming in the hallway is getting louder and louder. We got in the corner, some girls started crying and then like I was like calm down and then the teacher was shaking and everything, I was like, no, it's gonna be okay 'cause if you tell yourself it's gonna be okay, it's gonna be okay. About four classrooms away from where the shooting was happening, other students waited and hoped, hoped they were gonna be okay. We were in a presentation and then all of a sudden the hard lock down screen came on our TV and then it looks like a moment of just straight silence and then you just hear gunshots and everyone defunds to the corner. After about like 15 minutes, the police like I don't like the door and bars staying, we had to like put our hands up, we had like searches to make sure no one in here was like the shooting and they were trying to hide. - Notice the way that young Jaden just described the hard lock down screen coming across the TV as if many of us remember some microfiche or some movie coming on in a rolling AV card. This is what children today are grappling with. 15 minutes of pure dread, fear of not knowing if that shooter was gonna enter their classroom. Other kids were forced to jump into action after the gunfire started. One describing to The Washington Post how her teacher, women's the hallway to see what's going on and he ended up getting shot. The student says there was blood everywhere. Another teacher put pressure on his wound with rags. Then she went to get police and a kid from my class and I put pressure on the wound. My teacher was lying there saying, good job. The horror came to an end because of the actions of school resource officers who confronted the shooter and took him into custody. They're the true heroes as well. They were actively looking. They had an alert, I guess if you will. And when they interjected or when this shooting began, they interacted with the shooter, Mr. Gray. And as soon as they made contact with him, he gave up immediately. Hate is not gonna prevail in our county and hate's not gonna prevail in our state. And pure evil did what happened today. That's all I can tell you. - I wanna bring in CNN chief, law enforcement, intelligence analyst, John Miller, along with CNN law enforcement contributor, a retired FBI supervisory agent, Steve Moore. Gentlemen, thank you both for being here. Although, John, I had to tell you, how many conversations have you and I had about these very incidents? It is just so unbelievable to me that we, you and I and all of us, continue to see this, to experience it as a nation, as parents, as human beings. But let me ask you, because tonight the FBI is, from the FBI is saying that the suspected shooter was apparently known to authorities. And even questioned last year, after previous threats to carry out a school shooting, what can we learn from those interactions last year that might assist in this investigation? - Well, in one way, we learned the system works. In another way, we learned that may not make a difference. So in May of 2023, when the suspect in this case was a 13 year old in the eighth grade in Jackson County, information about a posting that he allegedly made threatening a school shooting was forwarded to the FBI's National Threat Operations Center, which operates out of their main data center in West Virginia, and they ran that down until they got a address of a house where that computer resolved to. They gave that to the Jackson County Sheriff. The Jackson County Sheriff went and interviewed the parents who said yes, they're guns in the house, but no, our child doesn't have access to them. They interviewed the child who we are told and formed the Jackson County Sheriff. That threat wasn't posted by me and he denied everything. They notified the local school district about this threat involving one of their students. But then when he moved to Barrow County, went into the ninth grade, was a 14 year old. You know, that information didn't follow him because he wasn't charged and there was no way for that really to travel. - I mean, Steve, on that point, the back of there would have been, as John is articulating, no problem will cause possibly to arrest the suspect after those threats last year. Would there have been some monitoring at all after that? Would this have been the Georgia Bureau of Investigations versus the Federal Bureau? Is there some way to track or monitor after all that? - Well, what John's saying is very correct. We're gonna have to change our paradigm though. I mean, you would not understand how many while you would, but how many of these threats come in every year. And so the people who are at the level of meeting with the people who are the threat nurse, they get jaded by the fact that many times these kids are just stupid kids making dumb things. I think what they should have done in this case, there was a photograph of the guns. Cop, you know, compare them to the guns that they had there. And maybe this one should have been taken a little bit more seriously, but I don't wanna put that on the officers who were there. This is, we're learning new things. - Well, let's talk about that weapon. Of course, John, because we're learning the weapon used in the shooting was an AR-15 style rifle, which a teenager couldn't lawfully buy under state and federal law, or in Georgia, of course, do investigators know where he got it? - So ATF has been doing the tracing on that, although I will tell you, the operating theory within the investigation is that he got it from the home. And that's gonna bring a lot of questions, which is, well, when they move from one place to another, where the weapon secured in the same place, where the weapon secured in the same way, and, like other active shooters we've seen, or school shooters, where the parents thought the child didn't have access, had the child figured out either the combination to a safe, or where the key was hidden, as we've seen in other instances. And that brings up the question of, you know, what happens after this? - John Miller, Steve, more invaluable insight you've given us. Thank you both, we'll rely on you continuously here. I wanna turn on that very question, 'cause joining me now, I've seen an illegal analyst, Elliot Williams. Elliot, you and I are parents. The idea of sending your kids back to school, I don't know about you, but mine have already had active shooter drills in a new school year. It's just par for the course at this point in time. And here we are with the legal conundrums as well, that are being asked. The crumbly case recently has changed a lot of minds about accountability and what one can do to try to deter. But when you look at this, this is a 14 year old, they're gonna prosecute him as an adult. - Yeah. - That was a pretty decisive and quick decision. Walk me through how that could have been made. - Right, every state in America, Laura, has a process for trying people who are under 18 for serious crimes. Now in Georgia, anyone between the ages of 13 and 17, who commits something really heinous, we're talking murder, rape, armed robbery with a firearm, can be tried as an adult of the prosecutor, choose to do so. Now, there's weirdly advantages to going into adult court. You have a right to a jury trial in a way that you would not in juvenile court, but the penalties are much, much higher. One could face life sentences or decades in prison. Now, the big question looming over this is, is a 14 year old ready cognitively to be tried as an adult to know the difference between right and wrong. Now, that's an open question that theologians and criminologists have debated for decades. But look, like you said, you and I are parents. And are you gonna be the one to tell the people who lost their child today? Or even worse, someone who got text messages from their child today saying, "I love you mom. "I'm sorry I haven't been a good daughter. "Are you gonna tell them that therapy "in juvenile court is enough?" And I don't think it's that straightforward and easy a question for anyone of us to answer. - I mean, so far I'll be processed right as a juvenile in the sense of the initial holding and then the transfers will begin for the presumption and of course for being a child as an adult. But you raise a really interesting point about having some level of hindsight and also some level of looking at other cases and how they've been used. The crumbly matter, of course, a really important one and a data point here. I mean, this is an instance when we're trying to figure out where this gun came from. How does the crumbly case where a school shooter, his parents were prosecuted and both convicted, how does this impact a case like this? - Now, and for viewers who may not remember this, we lived through it over the course of the summer. Parents were charged with manslaughter for a child's shooting. Now, look, that was an extreme case in which the parents had a meeting at the school with the firearm there in a backpack that they didn't look in, they had drawings, they had specific warnings and it's shown that they were negligent. Now, chum is in the water in America for parents to be charged with crimes for their negligent acts and not securing firearms and also overlooking some of the risks that their children present. So certainly, depending on what we find out here and it remains to be seen what other information comes out, there could be charges against a parent. - It's very early in the process. And remember, the crumbly case also involved discussions about how the school might be held to account as well and that's still kind of an ongoing discussion. More broadly, Elliot, so glad you're here. - Thank you. Still ahead, Donald Trump hints at what his strategy will be during his debate against Vice President Kamala Harris. What he said he plans to do and the big question tonight, is it gonna work? (upbeat music) - They say opposites attract. That's why the sleep number smart bed is the best bed for couples. You can each choose what's right for you whenever you like. 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The mics will be muted and a lot was happening about that when the other candidate is speaking. There's no pre-written notes allowed, but they will have a pen and paper available. So that's when they come back on stage and start frantically writing on all the talking points or supposed to remember from backstage into the lectern. And no, even though they will be meeting face-to-face for the very first time, which I still find shocking, they will be unable to ask each other questions. Tuesday's debate could make all the difference in the world and an incredibly tight race, especially in the battleground states. A new CNN poll out today shows that Pennsylvania, Georgia, and Nevada are all jump balls. Trump has a slight edge in Arizona, and Harris has a slight edge in both Wisconsin and also Michigan. I want to bring in CNN political analyst Laura Barone-Lopez, former Democratic Congressman Joe Crowley, and editor of the National Review, Ramesh Panuru. So glad that you're all here today. Let me start with you Ramesh on this because Trump is saying he's going to let Harris talk. Okay, like he let Biden talk at one point in time. How is that going to work out as a strategy? And what is behind it? - Well, necessity, I suppose, and also his campaign has been pretty clear that they don't want him interrupting, which is why we had that whole long, protracted debate about whether there would be some likes allowed or would they be cut off when they weren't actually speaking. But I think that one of the questions is going to be how disciplined is Trump during this appearance? Because frankly, he did not have a great first debate, his debate against Biden. If it weren't for the fact that Biden had a catastrophically poor debate, there would have been more attention to that. And of course, now Biden's not in the picture. - I mean, that's a great point thinking about the focus. And I know you and I have talked in the past about the performance of Trump and how it was really overshadowed by the more obvious comments around Biden. But this idea of Trump calling her out for losing a train of thought, the rules that they've posted now for ABC, I do wonder who you think will be most benefited by them. The mics are muted, there's no audience, they can ask questions, there's no pre-written notes. That's not exactly a recipe for somebody who's undisciplined. - Well, I think women across America are really happy that he's going to let her talk. (laughing) - Thank God he'll let her do it. - Yeah, exactly. Well, I think some of the rules benefit others and vice versa. I mean, I think the fact that the mics are off probably benefits Trump to a degree. - Really? - Yeah, because he won't be able to speak over her. And I think that-- - It stays in from himself. - Yeah, exactly. And I think for instance, because there's no audience that may benefit Harris, maybe. You know, from the cheering or maybe some of the outlandish statements. So, you know, I think it really is a matter at the end of the day, you know, the coin toss, who goes last, who stands where. They might matter, you know, nominally, but I think in the end what matters is what they're going to say that night. I agree with Trump and that. But, you know, she should be able to speak. Thank you very much Donald. And she'll, I think she'll perform well. - I think that was the advice of Captain Obvious at one point in time as well. Laura, let me ask you because he is telling Fox that he heard Harris would get the questions ahead of time. That's absurd. We have no indication that that even slightly true. But he's suggesting that what is he trying to do to put that out into the universe? - Well, it's part of a pattern from the former president, which is that it's expectation setting. It's trying to convince his base that everything is rigged against him, whether it's the election or it's debates or it's you name it. Everyone is against him and he is standing alone and the entire system is rigged. Now, of course, it's not true. I mean, there's no evidence of that. I think when it comes to who benefits more with Mike's off, I think Donald Trump does benefit more because the data shows that after the debates in 2020, when the mics weren't shut off and Donald Trump was interrupting a lot on Joe Biden, I sat in on focus groups where voters were not happy with how he was interrupting voters who had voted for him in the past. Voters who maybe liked him said that they didn't think it helped him. And even in this last debate between him and President Biden, even though the mics were off, once he started moving to more personal insults and personal attacks, you saw even Republican-leaning voters say that they thought that that hurt him. - You know, maybe interrupting to maybe interjecting. There's a moment where Trump is now commenting tonight. He's seen this about a dust-up over comments made by Governor Tim Walz's brother, Jeff Walz. Listen to this. - His brother endorsed me and the whole family endorsed me. - Okay, first of all, Jeff Walz, we don't know that he endorsed Trump. He did not endorse Trump, but he has supported him in the past and Walz posted on his private Facebook page that he is 100% opposed to his brother, the governor's ideology, hinting that he had some sort of stories to share. Now today, he expressed some regret for his post and then clarified what was behind the nature of these stories. Listen. - The stories I said I was referencing, I'll give you one example. We talked about it before that my little brother, when we were younger, we would go on the family trips and in a station wagon. And the thing was nobody wanted to set with him because he had car sickness and would always throw up on us. That sort of thing, there's really nothing else hidden behind their people or assuming something else. - Well, that's disqualified entirely. If no one wants to sit next to you, forget about it. You're laughing, but is this where we are right now? - You know, look, I mean, he said this about, we all have family, I was in politics for 35, 36 years. I have family members who didn't agree with every position I took. And I'm sure if they had the opportunity, some of them may not have voted for me. That's okay. Family's family, I remember being the backseat, you know, a station wagon I'd never got thrown up on, but like, you know, I'd rather sit next to my brother, maybe I'm more of my sister, who knows, you know, but no, I just family being family. I think that's, but go just back real quick to the notes. He's lied once again. He knows there were no notes at the last interview that CNN did with Vice President Harris. He knows that there are no notes, but he will keep saying it over and over again because it's also lends itself to the notion of idea that maybe she's not smart enough. You know, that's, maybe she needs notes. I don't need a, but maybe she does. You know, it goes back to all these hidden little things that I think he does to kind of reinforce these notions out there. He took about nasty. He took about what he's so nasty. Oh, there was some, he's the most nasty person in this game. - Well, I'll tell you, this is a pattern though, about how much families have been part of the DNC, the RNC, trying to either humanize a candidate or suggest like, look, you ought to vote for this person. They're just like, yeah, this may be the counterpoint of that as well. But the idea that Trump would be focusing on this, again, instead of policy differences, instead of the meat and bones of the normal discussions, why go this tactic? - Well, I think that we've seen this tactic used on lower levels, you know, we've seen it in house races, for example, and it rarely works because I think most voters understand that families are complicated and they don't particularly like family business getting sort of dragged into the political arena in this way. I think in Trump's mind, it is, it'll hurt. And that, you know, that recommends it to him. - Like being a whole weird hurts him. - Right. - That was clear tonight too. That came out in this, 'cause I agree to a hundred percent. Families are off limits when it comes, that actually, I think actually humanizes me more. In my opinion, that he had that normal kind of back of the station wagon, no seat belts back in the bank. You know, event that happened. - I mean, God forbid my two older sisters come on this show and tell you some stories about stuff. You'd be like, I don't know, I can't look at your thing. - I don't know any child, so I can't-- - Oh, okay, well as you know, that's fine. - Well, they'll give you the last word, only child. Go ahead, Baruch Assault, go ahead. - No, I just think that, you know, Donald Trump may be focusing on this because you've seen Democrats highlight that the Kennedys didn't support RFK. And then also, so many of his former administration officials, so people that used to be very much aligned with him, are now saying that they would not vote for him. So he's taking this when, where he can. - Good point. - For those of you who don't know my movie references, that was Willy Wonka thing. And Laura Braun Lopez is a good egg. - Thank you, everyone, so much. Well, could it all come down to Pennsylvania? And who might have the edge? I'll ask someone who knows the ins and outs of that state, former Republican governor, Tom Corbett, is next. - On set with, from HGTV and Max, takes you behind the scenes of the most iconic on-screen worlds with the people who made them real. - And the production designer. - Director of photography. - Custom designer. - Set decorator. - Find out how these spaces that live rent-free in our minds came to be, and provide the perfect backdrop for our favorite TV shows, like Friends. - Oh my gosh, bye! - True detective. - Time is a flat circle. - And more. Listen to On Set With on Max or wherever you get your podcasts. - It's no secret, the race for the White House will come down to a handful of battleground states, and key among them, the prize of 19 electoral college votes in none other than battleground Pennsylvania. If you find the race as closely as we are, you're probably biting your nails, because CNN's new poll shows that Harris and Trump are neck and neck there. But that's not where it all ends, because a full 15% of voters in Pennsylvania are telling CNN they haven't yet decided on a candidate and could change their minds. With us now former Republican Pennsylvania governor, Tom Corbett, he's an advisor for Keep Our Republic, a group focused on strengthening trust in our electoral system. - Governor, thank you so much for being here this evening. Listen, the neck and neck polls are quite significant. I mean, the idea of 15% saying that their minds are not yet made up, that's a lot of people saying that. What do you think will be the deciding factor for voters in Pennsylvania? - Well, I will tell you, I mean, there's so much time, it's a little time between now and the election. Anything could happen. And Laura, as you know, in politics, we always wait for what is the October surprise? Who's going to have a surprise that may explain the vote one way or the other? Or which candidate is going to have a major stumble? Not a major game, but a major stumble that helps you have a candidate. So in Pennsylvania, we see the candidates quite a bit. The vice president has been here a number of times, they're now president nominee. Governor Wallace has been here quite a bit. Former president Trump has been here quite a bit and so has Senator Vance been here quite a bit. And I think we're going to continue to see them. And in Pennsylvania, it's good to get here. Our people love to see the candidates come to Pennsylvania. And we are a very diverse state. We have Harrisburg, who is a center, but you have Philadelphia and Pittsburgh, two major metropolitan areas, and we are a very large rural population in between. So we kind of like to see the candidates come and visit us and see who we're going to vote for. Well, then you all must like it a great deal, given the frequency of both campaigns coming there. Although I have to tell you, Governor, after the summer we've had, I'm not sure anyone's ready for another surprise, let alone in October. Well, we'll wait and see. Let me ask you though, if you have decided who you are voting for, and do you intend to support that person on the campaign trail? I'm not supporting anybody on the campaign trail, because I'm committed to what we're doing to keep our Republic, which is a nonpartisan effort in a bipartisan way with former Republican and Democrat elected officials, former federal judges, U.S. attorneys. You're familiar with the U.S. attorney, Laura. I was a U.S. attorney. I was an assistant just like you. I'm going to associate with that, trying to bring some calm to the election process, especially from the night of the election itself when the polls closed, all the way up to and including the inauguration in January. So I think it's incumbent upon me, not to state any preferences to the candidates who I may vote for. So I'm going to not answer that question for you right now. Well, that's the equivalent of taking the fifth, and I'll give it to you as a former prosecutor myself. Let me ask her. I won't be that easy enough to do that, right? But there have been a number of people who have come out to say their position one way or the other, and frankly, act the DNC and a number of Republicans who are on the stage. And including now, most recently, you've got the former congresswoman and Republican Liz Cheney coming out to support Harris and the wall's ticket. What do you make of the choice of some of these very high profile Republicans to have expressed their support at this time? Well, I, frankly, I'm surprised that it was breaking news on former congresswoman Cheney doing that because I thought she had already announced that that's where she was, and particularly thought that that's where she would be. - Earlier today on this point, particularly of election integrity, which I know you are very passionate about governor, Attorney General Merrick Garland accused Russia of attempting to interfere in the 2024 presidential election. He also detailed a number of cases, the DOJ is prosecuted against people who have threatened election workers. Listen to this. - If you threaten to harm or kill an election worker or official or volunteer, the Justice Department will find you and we will hold you accountable. - You are working with Keep Our Republic to push back against election disinformation and one aspect of it. What do you think actually needs to be done to not only keep election workers safe, but also to restore faith in our elections? - Well, I believe that's what our mission is, is try to restore that faith in the elections. You know, you're talking about people that are working at the polls who do this twice a year. They do it in the primary and they do it in the general election. They're not anybody other than your next-door neighbors, your friends, your family that are there. They shouldn't be the subject of any kind of intimidation, threats or anything like that. So I think the Attorney General was absolutely correct in doing that and going after those who were trying to create outside influence. We've had a concern, I've had a concern about that outside influence. 20 years ago, we didn't see that because we didn't have the internet the way we have it today and that has certainly changed everything. But I think it's important that we have free and fair elections, that everybody who's entitled to vote can vote, their vote is counted and that those results are certified as promptly as they possibly can within the law being sent to Washington for the count at the in front of the Congress. - Governor Tom Corbett, thank you so much for joining us this evening. - Thank you for having me. - Vice President Harris unveiling more of her economic policy today and one proposal has the memes popping off tonight. I'll explain next. (air whooshing) - Vice President Kamala Harris unveiling a new wave of economic proposals today. - Part of my plan is we will expand the tax deduction for startups to $50,000. (audience cheering) It's essentially a tax cut for starting a small business. Her plan also includes cutting red tape for small businesses and increasing the capital gains tax rate to 28% for wealthy Americans. And this last proposal setting the internet had a buzz with a flurry of memes, you've probably seen them, hoping to put some perspective into the controversial plan. Like if you have these bathroom posits or a fridge that looks like this, or if this is your Tupperware, perhaps you don't have to worry about the capital gains tax. (laughing) That's funny. I wanna bring in CNN economics and political commentator Katherine Rumpel and Shark Tank judge Kevin O'Leary is also chairman of Leary Adventures. Good to see you both today. I love getting a little bit of a laugh. Some memes make me know the internet is unbeatable. Kevin, I'm gonna begin with you for a second because this capital gains tax, what you may pay, of course, on investments when you sell them for a profit, it has actually paring back from what Biden proposed, a 39.6%, now to 28%. What are your thoughts on this pullback? - Still too high because capital gains tax are not just domestic, they're internationally competitive. So you have to look at where you stand in terms of attracting capital for all around the world. You wanna be kind of in the middle of where we are now, that proposal would bring us to the bottom fourth quartile. And last time we did that, our companies moved to Ireland like the pharma companies. And so it makes companies contort to get to where it's more competitive. Not a good proposal, but I'm not sure any of this stuff is getting through. I mean, these are just, both candidates seem to be just throwing stuff at the wall, I get it. But this kind of proposal would really probably damage capital coming into America. - I do wonder, just the practical speaking, would it really encourage you to consider moving your businesses if that was the level and your investments out of the country? I mean, could it really do that right this point? - Yeah, I would do that. I mean, remember capital gains is really but how you make money. And so it's a long-term thing. You can set up your headquarters anywhere on earth. It's not about the people. You can move your headquarters to Dublin, which is where all the American companies moved. Last time we had 28% capital gains. And you still make a lot more money and just keep your employees in America, but your headquarters are where your report income. It's a bad idea. Look, I don't blame her for doing it. She's not answering any questions on this stuff. She's just bringing it out there. It sounds great. It will never happen. - Cass, let me bring you into this because there's this question one of whether unrealized gains should even be taxed or not. That's the increase in value of an asset you haven't even sold yet. A Harris campaign surrogate, Congressman Rokana, is warning Harris against actually pursuing this particular policy. Listen. - I get why, but this is not the right way to do it. They're also 90, 95% of investments in startups fail. And so you're gonna disincentivize investments in those startups. - Is the proposal unreasonable? - Oh, there are two things that we're talking about here, right? One that you were just asking Kevin about has to do with what tax rate is paid on capital gains, presumably when there's a realization event, right? Like I buy a stock, I sell the stock, how much did it go up? I realized those gains. The other question is, what do you do about gains that essentially go on tax forever because there's never a realization event? If you're a really rich person, you can leave your assets to your heirs and whatever gains you saw over the course of your lifetime will be wiped out and everything gets reset when that stuff is inherited. It's something called the step up basis. And so as a result, you do end up with a lot of appreciated assets, whether it's a stock portfolio or an art collection or anything else where the gains never get taxed. And I do think that's a problem. The specific proposal that we are referring to about taxing those unrealized gains today is basically something that the Biden administration has come up with. It's not new to Kamala Harris as a presidential candidate per se. And I think it would probably be kind of administratively unworkable, the idea that you like tax the gains as they are being accrued, even if the stuff never gets sold or the person who owns them never dies and passes them onto their heirs. I think there are better ways to get at this sort of unfairness in the system, like get rid of the step up basis. Like when somebody dies, treat that as a realization event. So it's all technical, but I do think it is unfair that there are a lot of rich people out there who can kind of legally gain the tax code and ever see taxes on all of the money they've made over the years. - I mean, imagine that the ultra wealthy getting a benefit, the gaming a system, Kevin, let me ask you this point. I mean, you've helped entrepreneurs jumpstart their small business. There's also this proposal about a $50,000 tax deduction for businesses. How does that sound to you? Do you think this is viable and a move in the right direction? - Look, I'm very happy that you talked about small business 'cause you gotta remember her administration for the last three and a half years brought proposals where trillions of dollars were spent inflation reduction act, chips in science, infrastructure, not a single dime for small business. Two and a half trillion dollars, zero. And she said it was 50% of jobs created. It's actually 62%. And I'm glad she woke up this morning and discovered small business. But $50,000 is a nothing burger for small business 'cause the majority of costs today are state-based regulatory costs. So California, for example, the reason you don't get new startups in California, minimum wage and all the regulatory environment have chasing business out of there. All of the smaller businesses are going bankrupt 'cause they can't afford it. So she can't pull off 24 million jobs. It's not a federal mandate. It's a state-based. Small business is based on geography. I have plotted for talking about it. Where was she for the last three and a half years on 2.6 trillion of spending? I read all those act, not a dime for small business. Thank you for thinking about us today. I am small business. So I read those acts. - You are small business, Kevin O'Leary. I never thought you'd admit to it. Catherine Rempel as well. Nice to talk to both of you. We'll have to see how both campaigns address these points. Thank you so much. - Thanks. - In October surprise at the box office, the producers of the highly controversial Trump biopic The Apprentice join the next with an update on their battle to even get the film released. [BLANK_AUDIO]
The 14-year-old suspect in the fatal mass shooting at a Winder, Georgia, high school will be booked Wednesday night, Georgia Bureau of Investigation Director Chris Hosey said at an evening news conference. Colt Gray will be charged with murder in connection with the deaths of two teachers and two students at Apalachee High School in Winder, Georgia, authorities said. Learn more about your ad choices. Visit podcastchoices.com/adchoices