Guests: Austan Goolsbee

"There's a big debate because President Obama is putting forth that affluent Americans owe their country more than they're giving. The President said, 'If you've got a business, you didn't build that, somebody else made that happen.' Apparently the President believes the federal government should take more in taxes from wealthy Americans and business owners because the feds make individual success possible. Here's my take: No man is an island, that's true, but individual achievement is just that. Barack Obama did not help me develop The Factor; no federal agency helped me go to college. I paid my own way by painting houses. Yes, the Founding Fathers gave me freedom of speech to bloviate and I owe a debt of gratitude to my country for that. I am grateful and I am willing to pay 40% of my wages to the powers that be. But President Obama wants far more than that, and I believe that punishes achievement. Because of my personal success, I employ a lot of people. Because of the Fox News Channel's success, it provides jobs for thousands of Americans. I pay my taxes and I give millions of dollars to charity. I give back, but not enough for President Obama. He wants me and other high-income folks to finance a massive redistribution of wealth in this country. The Congressional Budget Office reports that the richest 5% in this country pay 64% of all federal income tax, so there's no question that affluent Americans are paying their fair share. Most wealthy Americans are not evading their responsibility, but that's not what the President is saying. He wants to redistribute income on the backs of the achievers."

The Factor invited former Obama economic adviser Austan Goolsbee to assess the Talking Points Memo. "I think you went wrong in two places," Goolsbee declared. "If you look at how much of their income wealthy people are paying in taxes, it's not higher, it's actually dramatically lower. It's about half of what it was fifteen years ago, so it would not be 'class warfare' to have those rates go back to what they were under Bill Clinton. The second place you went wrong is that the President wants to have about $3 trillion in spending cuts." The Factor reminded Goolsbee that income taxes are only a small part of the overall story: "Property taxes, state taxes and all the other taxes have zoomed. And now the President wants to raise the Social Security tax and the capital gains tax. He wants to do more taxation than at any other time in the history of this country!"

Guests: Karl Rove

The Obama campaign has been depicting Mitt Romney as a greedy capitalist with offshore accounts and an unwillingness to release his tax returns. FNC's Karl Rove to analyzed the attacks and Austan Goolsbee's comments in the previous segment. "President Obama does want higher taxes on the rich," Rove said, "but let's be honest about it, he wants higher taxes on everybody. Under Obamacare, ordinary Americans will pay a 2.8% tax on their insurance policies, and he levies a half-trillion dollars in new taxes on anybody who goes to a hospital, anybody who buys a drug, anybody who buys a medical advice. We have new taxes everywhere." The Factor theorized that President Obama sees himself as a latter-day Robin Hood: "He believes he's on Earth to take from those who have and give to those who don't. But by doing that he could destroy the entire economic infrastructure of the country, which is not built on social justice, it's built on competition!"

Guests: Monica Crowley and Leslie Marshall

Chicago Mayor Rahm Emanuel has ordered his police department to ignore federal immigration laws, and The Factor asked Fox News analysts Monica Crowley and Leslie Marshall to opine. "Rahm Emanuel just put President Obama in a box," Crowley declared. "This administration sued Arizona and other states for effecting their own immigration laws, saying states and communities can't be freelancing immigration policies. But you now have the Mayor of Chicago, President Obama's former chief of staff, saying we're going to do our own thing." Marshall explained how the Arizona and Chicago situations are different. "Chicago has not made a law, Mayor Emanuel made a statement about what he wants. But I disagree with Emanuel because all the states and cities need to cooperate with the federal government."

Guests: John Stossel

Turning to Chicago's epidemic of gun violence, The Factor put forth this solution: "If you commit any crime involving a gun, there should be a mandatory sentence because it's such a threat to carry a loaded weapon. If I put a gun to your head and take your wallet, I should get a year for taking your wallet and seven years for having a gun pointed at your head." But Fox Business host and libertarian John Stossel contended that tough gun laws are ineffectual. "I used to be for gun laws," he said, "but now I don't think they work. Chicago has really tough gun laws and more gun crime! There's no evidence that mandatory sentences reduce crime, it should be left to the judge who hears from both sides. Just because a few judges do stupid things doesn't mean the legislature should lock everybody up for a million years."

Guests: Kimberly Guilfoyle and Lis Wiehl

An unnamed female witness in the George Zimmerman has accused him of molesting her when they were both children. Fox News analysts Lis Wiehl and Kimberly Guilfoyle denounced the prosecution for making the accusation public. "It's crazy," Wiehl said, "but in Florida everything is open. It's called 'open discovery,' meaning whatever the prosecutor gets goes to the defense. But this will never be admitted into court." Guilfoyle agreed that justice is not being served by releasing the accusation. "This is so out of line, the prosecutor's office should be ashamed of itself. This is highly objectionable, the court should have sealed it."

Guests: Charles Krauthammer

FNC's Charles Krauthammer, perspicacious even when there is no heat wave, theorized why President Obama has a huge lead among young voters. "What do the young know?" he pondered. "The young are the embodiment of hope over experience, but older people remember that in 2008 they elected a charismatic conjurer who came out of nowhere. He gave them 8% unemployment, the slowest recovery since the Second World War, and $5 trillion in debt. Older people who were pro-Obama now have buyer's remorse, and there will be a lower turnout among the young. He has no chance of recreating the excitement and near-hysteria of 2008."

Gary Governale, Laurinburg, NC: "O'Reilly, great Talking Points on outsourcing, General Electric, and President Obama. He looks hypocritical going after Romney and Bain."

Mike Simmons, Santa Elene, Belize: "Way to go, Mr. O! Finally someone lays bare the connection between the Obama administration and GE."

Dottie Havlik, Bristol, TN: "I don't understand how the president can say my success isn't my success. Get off our backs!"

According to surveys in the USA and Britain, between a quarter and a third of tattooed folks regret getting the ink. So if you want something emblazoned on your skin, do it in a place not visible when you're wearing clothing.