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Pay them all day long from the moment I wake up and turn on a life.
I mean more when I brush my teeth and -- my -- My building pays property and fuel taxes and it's my monthly bill.
And when I leave home -- take some way to work I pay them metropolitan commuter transportation mobility tax.
At work -- make some phone call.
Yes absolutely we're get a bite to eat there -- it -- -- -- -- -- -- -- When I gas up my cars much a quarter of the price of gas is.
Veterans he didn't see the excise tax -- that people pay sales taxes full day lol.
So many taxes.
-- needed to rank them -- -- smoke.
This is one reason why American economic growth has stalled says Scott Koch he's president of the Tax Foundation.
Now what I think of these rules strangling growth I think of the safety regulations and the constant environmental -- of the spider web not that Texaco.
We've done OK with our tax -- The tax code is a mess.
And it's because of the 70000 pages that dictate virtually every aspect of our lives and cost Americans about six billion hours worth of -- time.
Just to comply with -- and that's reason -- six out of ten of -- pay someone else to do our taxes because it's not only so complicated we're afraid of making a mistake.
And getting audited so it's it's created fear in Americans as well as complexity and you're saying that those six out of ten of us could've used that money and time.
More creatively might have boosted the economy doing something useful -- it's what we called dead weight loss -- cost economy about.
200 billion dollars a year just to comply with the 70000 pages of tax regulations that's part of the reason why the economy is growing so slowly.
So old pop these are all popular these are steering people to good things sees solar -- -- the roof for your house.
You get a credit if you adopt -- child.
The congress passes these things because people say that's failure.
Oh -- they all sound great.
By themselves but when you put them all together it's what -- -- that it creates this complicated mess and dictates every aspect of our lives it's made the -- a super agency involved in.
Everything from where we put our kids in daycare to whether we buy a hybrid vehicle that's nuts.
And it was a -- why is it nuts if you want people to put their kids in daycare to help -- people who need their help.
Or to buy hybrid vehicles how she got to -- and there will help.
It -- the economy in the wrong direction in many cases -- as one of the reasons why the economy's growing so slowly.
Because we're dictating our lives -- the tax system not to what's economically efficient or profitable.
That's would drives the economy.
And that's what other countries have done by streamlining their in their tax system countries like like Hong Kong would be a good example other about fifteen countries across the globe.
That -- move toward a flat tax.
Hong Kong and has a low rate broad based.
No capital gains no death tax no.
Other sorts of taxes that create all of this economic inefficiencies.
And it to be clear Hong Kong doesn't have a flat tax but it has a simple test simple tap in Russia story a bunch of countries have fifteen or 20%.
Flat tax exactly and Hong -- -- went from quarter rich in just a few years they grew out of poverty because of simple rules.
Simple rules which is made this in that country really than one of the most business friendly economically efficient countries in the globe.
And the Tax Foundation says we should have no deductions.
Well and we should have few deductions there is there -- things that make sense like.
And -- a deduction for savings we shouldn't be taxing savings capital gains things like that but let's get rid of most of the other politically directed charity.
Listen the Tax Foundation is a charity under -- tax code I'd be willing to give that up for a flatter tax.
OK a man willing to give up money for a flatter tax thank you Scott hot coming --
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