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“The Entrepreneurial Instinct” author Monica Mehta, Demos’ Richard Benjamin and CapitalistPig Asset Management’s Jonathan Hoenig on Italy with...
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Welcome back.
I believe that story Italy is in the doghouse.
Get -- a proposed a tax on cats and dogs if it did the Italian government trying to get its -- unmarked cash.
By taxing pet owners the law has been withdrawn about Monica -- says the world has broke.
This barking up the wrong tree by look at that taxed more now pets he's back there are also -- my would you make -- this.
And -- -- it's really simple I'm I'm gonna say what needs to be -- here you've got politicians have been making promises to people for decades now.
And they've been using taxpayer money to basically a -- themselves back into office they're basically making special interest happy at the expense of taxpayers.
And there's nowhere to go anymore.
We've run out of money and you know just suggesting that you can come up with -- and -- taxes to pay for things it's not solving any problem we need to draw a line in the sand and deal with the problem which is over spending.
Richard you know what would it this is -- this idea what you're gonna do put the paw -- on a tax return over there -- really I mean really I -- -- -- is cuckoo right.
I hope we never see attacks on Bo Obama in the White House I hope we never if you are all cats and dogs -- are all cats are not -- this favoring dogs cats two in parakeets and goldfish I hope we never as the effects on them.
But that being badly as we do -- -- memberships we do tax speed both there are some pastimes in.
Recreational objects that we do tax in this country.
But I'm not saying they are saying that -- are recreational object some people have plants -- tax cuts.
You like that's kind of help me out here what do you make of this well yeah well I'm that -- -- that -- dupers actually furiously isn't it -- Madonna -- -- hunger strike about it.
I believe getting -- fit right in nab it Clifford the big -- -- don't actually -- living on the JPMorgan right now.
Well listen.
The panel makes the point Italy is far outspend its means so yes of course there's searching around the couch cushions if you will looking for any money to pay down these enormous debts.
I think what's so frightening and actually rich made the point that.
With collective isn't anything goes so your -- your pets your smokes your your gym membership britches you -- you pointed out.
For the greater good it's like well anything goes and that notion of individual liberty and private -- Happens is that the door when you got bigger government and get worse citizen of -- -- the famous -- difference of everything Monica and I feel like what we're seeing now -- governments around the world.
They're showing a lot of leadership other leading from behind the leading from behind by raising taxes.
I -- and then the issue is he make -- you make a good point that's the one side of the balance sheet.
That is getting too much attention.
Aren't we you don't stop shop a -- like I just giving them another credit card you nip the problem with the overspending and that's exactly what we're seeing it it's just in simple terms it's all the same thing.
You know you're you're making promises that you can't keep in your making promises that people won't let you get out -- FS two separate issues failed government promises and a net tax that's just to separate -- everybody here's yeah.
They -- out promise this thing I mean come on the net and it will be -- we do have a broken government and here's the issue quickly.
I mean do you think that you know -- Republican that's been in office since the Nixon error or like Harry reader Charlie Rangel.
Can do tax or for a fix that situation in Washington I mean that's like -- -- cat among the pigeons.
Bart and having the -- watch the -- to continue the animal metaphor but no you don't want to it's true.
A lot of these government people's things have become so -- update you can expect them.
To do justice these people who've been an office for thirty years.
Clinton outstanding the only thing that I am I and many -- -- -- an amazing that you have to tax -- that's how ridiculous -- -- that's a ridiculous for brilliant and well I think about where -- -- US vets but that's but but that's just an -- doesn't -- you think -- -- I -- his gym memberships not ridiculous that's currently -- leave it there and you.
The zionist idea is cuckoo.
