i also want to end the tax breaks for big pharma, big oil, private jets, and massive executive pay. end it now. there are 1000 billionaires in america. you know what the average federal tax is for those billionaires? 8.2%. that's far less than the vast majority of americans pay. no billionaire should pay a lower federal tax rate than a teacher, a sanitation worker, a nurse. that's why i've proposed a minimum tax for billionaires at 25%. just 25%. that would raise $500 billion over the next 10 years. amy: president biden state of the union. katrina vanden heuvel, your response? >> it was joe biden at his best. it wasn't just joe biden. it is the work of decades of movement activists who when nafta was passed, the trade deal, 30 years ago, said this age going to be very good for workers and it decimated the industrialized cities, towns are in this country. it is a measure of the importance of the taking on trickle down, taking on your liberal economics, the danger. it was great. it is like he is challenging the roosevelt institute and sarah anderson on inequality. people moved the dem