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The clock is ticket taxes are just.
Most Americans now pay someone else to do that because the rules are so complex so I haven't accomplished.
It's W -- -- -- yourself and have actually no idea what's in them and I'm signing my you know promising that this is all true.
This time he does context.
I don't wanna -- about but I have to because I don't understand the rules.
I -- you don't know the rules either.
Tonight our game real -- -- we'll test you wanna -- -- a fifty dollar tax credit for losing about art is that real or fake.
That we are not sure shows how crazy.
The higher -- it's your money to make this film.
That says without the IRS records would be in chaos there's money laundering bribery campaign haircuts and manicures.
-- some people aren't higher taxes.
What were already taxed to death.
That's our show -- Oliver Wendell Holmes the former Supreme Court justice once said taxes are what we paying for a civilized society.
Liberals like sighting that but -- said that in 1927.
When taxes were just 10% of GDP.
That's enough to pay for a civilized society.
But America's government -- -- so far so fast that it's now spending 40%.
Of GDP I think it's now much too big but.
I do want to pay my fair share so.
What's that what is fair.
I now give most of my income to the government.
-- people pay the smaller percentage and lots of people say that's fair -- -- point.
But Texas congressman -- -- where it says it's not fair -- America needs a flat tax meaning congressman -- Well it means there's when people hear the word fair share -- the did.
It out of a flat tax.
The only way to truly make things -- so that if you're making more you play more you make -- you -- let's make -- a flat tax.
-- fair ought to bring to mind a flat tax and the president has talked repeatedly about Warren Buffett's unfairness in not paying.
As higher rate as his secretary.
-- fix it.
Like the capital gains fifteen make the the income tax fifteen we can work out a number.
But make it flat to make it -- you hear people say.
Well I want it fair and they really do but they cannot tell you what a fair share is.
You given the numbers about the top 1% making 13% of the money in paying thirty members -- the taxes.
There I was gloss over but if you -- -- what would -- be fair if everybody paid the same right across the more they got -- sounds fair.
I think Americans.
Are ready for it.
I am skeptical I think most Americans would say Warren Buffett has billions of dollars he should pay more than I -- That's absolutely right they he should pay more than what did you -- a higher percentage -- -- 00 well that that would be a progressive in that that against a play in the people's jealousy.
And I don't want to go after millionaires more than anyone else and make them pay their fair share that's a flat tax.
And now all I don't think people would mind if you saw that they would not have all the deductions all the wiggle room.
They wouldn't be in this same exact position as everyone else.
And so when you talk about having this flat tax you also talk about getting rid of deductions you we just keep charity and mortgage interest deduction everything else it'll.
But everything else -- on everything gone -- -- you know if you were gonna design a system.
That would really allow maximum corruption.
Lobbying efforts of maximum fund raising in Washington.
You created system just like we have waited so complex we've got to this point now we've got to fix it they can't keep going like this.
But the complication comes and all the stupid deductions and exceptions.
The graduated progressive.
Tax rate is not that complicated.
Well but -- the way that the wealthy have not been fighting so hard against the progressive right it is they've got all the loopholes.
And make the the wealthiest would quit fighting so hard if they were on the same level playing -- with everyone else and I think people would accept that.
But our leadership so far has not been willing to push it and I think it's it's a no brainer we ought to be pushing.
Thank you congressman go home -- No thank Steve Forbes and art Laffer and not all of those have been question before me.
We'll hear from -- -- her shortly on the show good.
Now when I hate even more than just the high taxes is the complications.
I reserve that I have to pay top paid him for the hours he spent tens doing my -- for just my.
I have to -- -- because is no way I can do mine and my own the federal tax code is now 70000.
Pages in this is just what the feds do state and local ads more.
All these rules have some purpose to penalize some behavior and encourage another but the result is insanity.
Insanity that helps the politically connected.
People in the know people like me.
Dumb tax rules once gave me a free golf cart.
I got to thanks to congressman Charlie Rangel to concede that it cut tax credit for electric cars was a good thing.
Encouraging energy efficient.
Products such as plug in hybrid cause is tax credit -- dealers like this one to advertised free carts.
I went for 6000 -- get a 6000 dollar tax current.
So -- get this one totally -- Pray for me anyway you taxpayers paying for it.
Yes you did and I gave it away and that credit thankfully no longer exist but it's things like that could keep the tax code complicated.
And this is just the income tax they're all sorts of sneaky taxes that.
Most of you may not even know about.
You and I pay them all day long from the moment I wake up and turn on a life.
I pay more when I brush my teeth and licensed my -- My building pays property and fuel taxes and my monthly bill.
And when I leave home to take the subway to work I pay that metropolitan commuter transportation mobility tax.
At work and make some phone call.
Yes absolutely we're get a bite to eat there sold it to drain.
Guy like smoked her in this.
When I guess up my -- as much as a quarter of the price of gas is.
Vegetables he didn't see the excise tax -- that people pay sales taxes full day lol.
So many taxes.
-- needed to -- I'm lucky -- smoke.
This is one reason why American economic growth has -- 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 that constant environmental rate of the spider web not to tax -- We've done OK with our tax -- The tax code is a -- And it's because of these 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 were 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 always 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 -- solar panels on the roof for your house.
You get a credit if you adopt a 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 create -- that -- 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 not its.
And it -- -- Why is it nuts if you want people to put their kids in daycare to help -- people who need -- help.
Oh -- to buy hybrid vehicles how she got to steer and then we'll 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 -- drives the economy.
And that's what other countries have done by streamlining their their tax system countries like like Hong Kong would be a good example other -- fifteen countries across the globe.
That a 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 Kong 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 -- 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.
Having 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 the 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 Koch coming up did you know that the -- as he used here.
Tax dollars to produce a Star Trek parity.
You know Derek Johnson who are skilled -- suitors only resulted in widespread chaos and confusion.
Your money at work but next the secret taxes and Obama -- they're also people who profit from our complex tax code.
The Affordable Care Act -- big changes this year when you out attack.
I -- call 900.
I understand that I have to pay texts.
I was that the sneaky taxes -- hidden fees on my phone bill electric field.
And now we're about to be hit by -- move sneaky taxes is part of Obama care.
Maybe you thought obamacare is funded by shifting money from rich drug companies and insurers dream -- You will pay more though that hasn't been much publicity about that since John -- a -- he writes about taxes for investors business daily.
So what's hidden in the -- -- Fuller 21 -- -- -- tax hikes and obamacare separate tax hikes.
Most of them you won't see their hidden in various ways.
Let's say for example let you have a flexible spending -- -- which millions of Americans do.
Tax free money that you can spend on on health care also called a health savings account -- medical say exactly.
Obama -- limits it to 2500 dollars.
So what that means is anybody who have been putting -- 5000 dollars -- a flexible spending account is gonna pay more taxes next year.
They won't know why though -- suddenly realize they have a smaller -- their their tax bill goes out what else.
Well that that you also have limits on what you can use your flexible spending account.
Obamacare says that you can't spend it on over the counter drugs which used to be able to.
Now the the limit on how much you put into a flexible spending an account raises 24 billion dollars over ten years.
The limit on what you can use it for raises another four billion dollars so it's not peanuts here you talking about real money.
The biggest money 317.
Billion payroll and investment tax.
That's supposedly the tax hike on the wealthy that you mention.
What it says is that if you make -- over 250000 dollars.
Your Medicare tax you pay a premium on that of zero point 9%.
So goes up by almost 1%.
And then there's a tax on investment income of three point 8%.
-- -- include something called -- high medical bill tax.
Right now you can deduct medical expenses if there over seven and a half percent of your income.
What obamacare does is raise that threshold to 10%.
So if you're sick -- of high medical bills.
Next year you'll build -- did not nearly as much money -- you didn't plus a 160 billion the mandate penalties the and that's the company that says unlock insure my right people on it and I'll just pay the penalty there if individual leaves on attacks and -- -- -- -- -- -- -- -- -- The the the penalty tax on individuals they fear will raise about fifty billion dollars over ten years.
And then you have penalties paid by businesses who who don't buy insurance -- -- you have to buy insurance or you pay the penalty.
Now we've discovered four or five of the -- -- -- some taxes it's so complex H&R block recently made a commercial.
Just to capitalize on the complications of Obama care.
-- Affordable Care Act lose big changes this year when you file your tax.
I read the whole 900.
I will give you -- tax and health care premium and I know the love I have the solution and I can help you figure it out.
-- -- -- She's Smart thing is being grand.
She invited HR block on the show to talk about that -- gloating in this ad but they they didn't respond.
I guess they're happy because complex C -- -- more of a set to go pay them this is this Turbo charges tax complexity that's where she's smiling.
You have to figure out how much subsidy you're you're -- you have to figure out if you don't buy insurance how much of a penalty you pay that's really complicated.
If you have a insurance gap of three months or -- you don't pay the penalty but if the three months or more you pay the penalty.
If you're in one of these exempt category you don't have to buy insurance or pay a penalty.
It's it's inordinately complicated is so complicated fact that that application form is 21 pages long.
Because they need to know how much you come here making -- for.
-- how beautiful these complications already most Americans now have to go to someone they -- to the attack they don't -- their taxes and their -- They go get help now with.
Obamacare more we'll have to exactly right thank you John -- line from investors business daily a great newspaper coming up.
A new version of Star Trek.
Paid for by the -- -- So in other words -- you'll you won't believe what they do with your money.
We received a distress call from panic attack.
According to the news that -- civilization -- integrate and -- Chaos rules over water.
Does that pay my taxes this week would be comforting the -- that.
People the IRS collecting them understand the burden taxes -- -- -- approach their work with humility.
I saw this training video that they paid for to take off on Star Trek.
As -- starting.
Point 13 or twenty.
We received -- distress call from.
According to the news the past civilizations -- anarchy and chaos rules over what we've seen them.
That's right in their training video they say without the IRS civilization.
Ends and chaos begins.
It's more so we're -- There's money laundering bribery anticipate haircuts and manicures running rapid industry.
-- Cash paid haircuts and manicures running rampant.
-- were hung with paying cash apparently to the IRS that's destructive chaos.
The IRS is upset that on that planet amateurs help people with their taxes.
They're all calling.
Planetary taxpayer assistance practicing without a license yeah one guy for his credentials and he's so this isn't -- -- -- -- -- -- Back in Russia and dreams Sunday and the American famous.
Too that's why -- became public service.
That video cost you taxpayers 60000.
Dollars with the IRS did -- this.
This -- special correspondent Kennedy in reason magazine editor Matt Welch have some ideas so.
-- let's go here.
This was a conference this is a video in front of a conference -- IRS investigators.
And so it's a sort of way to build morale and make them feel good about themselves so they can.
Feel good that they're going throughout the galaxy and making sure that there's no chaos because there are -- higher S tax collectors.
-- scrounging to each and every seat cushion in the universe.
It's inherently distrustful of human nature and for that I find -- patently offensive end it's illogical.
Andy acting as horrible.
-- I think it's horrible but there is logic that we need some taxes to.
Pay for the government that we do indeed there is no logic that somehow if you take the IRS out of the American picture.
That it will devolved into anarchy that doesn't make sense.
We didn't have federal income taxes in this country 100 years ago on it's a century old this notion.
And the United States back then in 19100 was the biggest economy in the world it wasn't chaos it was an anarchy.
It was the world's most successful economy before the federal income tax in the government got money from tariffs.
User fees exactly and the last clip confused because -- only this horrible planet.
Amateurs we're helping people with their taxes the IRS.
The government tried to get a law passed saying you had they have a license to give tax.
-- lost -- -- with our -- -- our good friends NHR block for which I'm a customer spent four and a half hours last Saturday try to get my tax thing done.
I got the complexities everybody's friend except for the actual consumer here and so that's why.
You know it's great for H&R block it's great for certified tax repairs but it's bad for individuals.
And then make a joke about it they they make a joke they joke within the video about how complex the tax code isn't how many forms you need and the joke is on us it's an -- expects the fact that it -- becomes such a complicated system.
What pared down to one for so people can file their taxes themselves not have to -- professional help I mean you talked about.
Hurting because we want all these deductions and if you're gonna give all these breaks you need -- forum but it -- -- people.
But that's Congress's fault not the IRS is let's put one more clip from these terrorists film that confused me.
Certain -- and exchanging their lowest point currency prepared for those.
Who don't mean that's right certain pennies on the dollar and and this is somehow funny the -- what what are they talking about I think it's an in joke talking about pennies on the dollar which is what you get in lawsuits against people who -- back taxes ultimately.
Those taxes are collected on at at pennies on the dollar instead of the full back tax bill which they find uniquely horrifying is that not getting each and every last penny out of the -- The -- comes after you you -- hundred dollars.
You end up settling for some pennies or.
-- on your -- on the good -- 500.
-- ask ask Wesley Snipes.
He's paid with his reputation and his freedom he he's rotting in -- Spanish prison right now it might -- Spanish prison.
But Wesley Snipes was sentenced to three years in prison for federal tax evasion and he's not the only person he has suffered because of its leopard.
And let's also remember the BI -- is the only tax collecting agency in the entire world that says -- can go around and forced foreign banks to collect taxes.
For American citizens who live abroad right so what this is cost is actually the chaos.
They claim to want to prevent it means that Americans who live anywhere else outside America can't get a bank account because the IRS is forcing those banks to snoop on Americans and collect their money so in no other country tries to do that in America no no one noticed -- anywhere the only other country that even wants you to file tax return when you have the broadest Eritrea.
So you know high five for us -- -- and we don't know that Wesley Snipes got a longer sentence because -- celebrity maybe he did some terrible things I don't know.
I hope -- That's my personal opinion but who I feel his pain that's not saying because paying taxes.
It's forced labor and it did not paying taxes and dissolving the IRS does not lead to anarchy I think it's an experiment.
We should try.
I look for horrid -- that thank you candidate Matt Welch coming up next tax competition.
Some celebrities say taxes should be higher but nothing most of them volunteering to -- There are some really rich people in America and America's -- deaths so why not just raise taxes and those rich people.
Some famous rich people say they sure don't need a tax caught.
You know what some movie -- -- knots.
I don't spend so much that I can't afford.
To pay a little bit more and taxes.
-- So they say so what's the harm attacking that -- now -- other rich people more.
Well let's ask a tax dodger.
Well you moved to Tennessee.
Just to avoid paying California's income taxes.
That's correct I mean it you know it's really phenomenal there's no state income tax there's no -- state capital gains tax.
There's no state a state tax it's really phenomenal in Tennessee and it's a great state.
You're an affluent guy it's just the state taxes how much difference right and make how much money.
Do you rich people need.
A lot -- a lot it's there I mean I don't mind paying more in taxes John I don't mind that at all to be honest with the -- I kissed minded paying more as a percentage of my income and affecting my decisions I would like to make a lot more and be willing to pay a lot more in taxes -- a low rate.
Broad base flat tax but that's not what these guys -- These guys go right at a small base with a very high rate that does the most damage -- doesn't get the money they just don't get the money look at California.
The highest tax rates in the world -- one of us that current state slowing in growth dramatically the revenues aren't coming in and the provision of public services is one of the worst in the country.
And you could save them me hear your new book title your -- -- -- how to fix California.
-- take him but.
The way to fix that is is -- is to leave it.
Well if they won't fix that I've got to leave -- I worked I was on Governor Schwarzenegger council of economic advisors and when he turned to the dark side we tried four propositions.
That were really pretty -- And we lost -- California teachers association beat us I mean beat us to a pulp.
But let me switch they became part of the problem and I just said I'm out here and in in 2006 I moved to Tennessee.
Purely and simply because of taxes and state economic policies it's just and look what's happened since enemy you -- believe that.
It was a good forecast not but I make many good -- -- but that one was good.
And states like Tennessee that don't have.
State income tax -- more of them on Tuesday oh yeah we get more revenues took.
I mean we have much less unemployment and all these states that have no state income tax -- -- to the list Alaska Florida Nevada South Dakota Texas Washington Wyoming Tennessee New Hampshire.
They are all prospering growing better than that to tax state.
While not all of them are growing better I mean there are other policies that also matter I mean for example two of those states -- you mentioned do we have an unearned income tax rate.
Three of those states I believe are right are not right to work state so there are other factors that make a difference but yes they're doing very well.
And the high tax states California New York Illinois on the road degree he state replace our I think that would be insulting to Greece.
All right let's let's talk tax rates golfer Phil Mickelson who made sixty mil last year it took a lot of grief when he said.
My tax rate sixty to 63%.
I -- make some decisions about what I'm gonna do.
I don't know why it took grief for that I -- it's a very true statement because people say sure -- save eight million.
But -- got millions here greedy how much you want.
What you can give it to people you choose to give it to -- to give it to -- -- people in Sacramento.
Is a travesty that's like feeding rats in your basement.
You just shouldn't be doing that -- you don't want these creatures to breed and multiply they are the problem it's like giving.
Money -- tobacco companies that sell more cigarettes.
It's just terrible -- all the celebrities who were more or about may be moving to another state because of Texas Tiger Woods moved from.
California to Florida -- done.
-- back in what 96.
You know for for the.
At least here in California.
I just -- -- liberals you could actually lose me there and it's outrageous.
What we're pay.
That's Bill Maher who -- generally loves big government.
So -- think it would start to -- can't win even those people say that yeah I know Bill -- fairly I've been on a show a number of times that.
I sent him a copy of my book as well to join me -- and we'd love to have -- -- People with Will Smith says he's imports higher taxes but when he was picking interviewed in France and learned about their proposed 75%.
Tax rate his reaction was telling.
In my opinion -- -- -- to add the -- you'll you'll.
-- -- -- -- -- So let's long -- and you he's fast but some gains -- I want Larry yeah that's different momentum exhibit and a commitment seven -- but I don't -- or are you know while god bless America.
-- -- are we we can laugh about.
Hypocrisy of celebrities.
But let let's just go back to the basic question -- fairness.
Shared sacrifices they say Warren -- ferry and Obama this week got his budget he's he's saying.
If -- make and more than a million bucks you gotta pay at least 30%.
In taxes the -- -- rule.
It seems reasonable that those of us with more should pay will.
What we should pay more I mean if you make ten times as much as I knew John I think it's person perfectly right that you would pay ten times as much in taxes aside to.
I -- that to -- seems perfectly obviously fair.
But when you look at Warren -- what really is unfair as he paid about 61 hundredths of 1% of his income -- -- that's not fair.
And that and that doesn't even include his not -- capital gains because he owns Berkshire Hathaway and his company buys and sells -- stock he doesn't do -- personally.
And he's also gotten insurance company was we all know has huge tax advantages.
I mean Warren Buffett is the mastery is the king of tax or convention.
And to have him tell other people to pay more in taxes is truly obnoxious and hypocritical but because -- He's so little it seems reasonable that he should say change these rules make -- yesterday -- shot.
The but he didn't.
I watched every time he talked about me never -- suggested taxing unrealized capital gains.
He never once suggested limiting the amount of deductions and gifts to your families.
Got 501 C threes he never once mentioned any of that stuff.
Under for obvious reasons that's what would have gotten him.
It it is hypocrite and you know what it's like Howard Metzenbaum of Ohio.
Who was the bill was the father of that a state tax the -- next six months before he died -- moved to Florida so we wouldn't have to pay the Ohio State tax.
In Massachusetts but he -- yacht and harboring at Rhode Island.
I mean and that -- is their behavior is not bad -- It's their words -- their policies answered it's their -- recommendations and influence on others that so hypocritical and discussing.
Who would've thought that actors and politicians would be -- hypocrite at book view that's right maybe -- -- -- Africa thank you very much John.
Coming up what would be a good and Texas.
It also a quiz on tax breaks can you tell what's real and what's faith.
Have you filed your taxes you get all your deductions you probably missed a few tax -- complicated.
Thus best able to avoid death and taxes are those who death behind taxes and those who employ lobbyists and tax specialists.
I don't have a lobbyist but I -- have Bob to prepare my taxes thank you Bob and play generic spent like to fire eagle Ottawa pay -- -- I assume if I didn't pay him I'd -- all kinds of tax breaks.
To me the rules are just incomprehensible.
And I bet -- you to -- so let's test that by playing a game we called real or fake.
Which tax break is real which is -- I'll compete against two FOX & Friends host Gretchen Carlson Steve Doocy Kennedy is back here to test I -- were taken away.
All right thank you very much and thank you all for playing real or fake.
-- is married 8101000.
Dollar tax deduction for whaling captains is that real -- fake.
That is in fact really you are not all right well way to start the show I'm not at sea captain all right cry I -- I know.
Is there a 500 dollar tax credit for painting your roof white is that real or fake.
Anywhere -- house.
Steve Doocy has just taken the -- congratulate.
I'll -- tell -- well it is run by the Energy Star program that cozy inside of your house because white reflects light thank you.
All right we're vigilant on every hole play that's what -- that's less mixed it's.
Question number three can you deduct up to 500 dollars to make your jet -- more energy efficient is that real or fake.
Congratulations you -- not that I don't write us a our question number four in one states you can get a 3000.
Dollar tax deduction for an exceptional tree is that realistic.
An exceptional -- exceptional -- One that in your yard you have your green gas who actually nobody could make the -- yeah exactly.
The gentleman habit options.
On -- -- Question number five is -- a 500 dollar tax credit.
For putting a permanent bird sanctuary on your property off please of course.
And I'm sorry you all got that wrong you.
It happened near front yard again that underdogs taxpayers -- you're back.
You can bet they're really they're really should -- yeah all right question number six.
One state offers a fifty dollar tax credit for losing both arms is that real or fake.
It's fifty dollars only tax credit.
You know what it's our agents.
Finally Gretchen yes.
Eight or did you -- -- and a permanent and -- block the function of two -- you can only collect the fifty dollars the year you lose the win.
I'll I had to pay about the dollars just to fill out the forms for that.
Actually is and that's a horrible law that -- some things don't come on that is a slap in the end you wanna disarm not -- -- yet and I'll come and should be here all week.
Thank you try to -- -- It's a -- There's tax credit for that can't I -- numbers that Montana.
Question number 71 -- gives you a fifty dollar tax credit for putting up a flag -- in front of your house is that real or fake.
But generally -- it's not back safe.
And he's done nothing to Israel because it's patriotic -- The term better than -- Question number eight is -- a tax credit to hire kids that aren't readily employable because they lacked basic skills.
Probably every -- they had.
That is absolutely -- called -- opportunity tax credit disconnected -- must be between sixteen and 25 unemployed.
With no college and they have to lack basic -- you've moved I.
I've had a couple of those in my house.
All right question number 91 state lets you deduct up to 200 dollars to -- the classic American sport.
A foot bag also known as -- -- -- is that real or fake.
This can't hear now this can't be really regret that I know that -- the eighth.
The last question this is question number ten in one state if you lived to be 100 years old you don't have to pay state income taxes.
Is that realistic.
Is that the state of Willard Scott -- are very good since it's going to be -- Andre and brought to you buy Smucker Steve -- Steve yeah.
In the that's OK -- Thank you Kennedy and thank you -- even Gretchen.
Wouldn't it be nice if Texas were simply so you could -- yourself and -- -- I could fire Bob.
When -- return -- a better way to checks.
Have you read that wonderful book just came out in paperback.
No they can't responds to that conceit that government can fix everything.
Well it can't and it shouldn't try government fails but individual succeed.
But individuals can't succeed -- government's constantly in your face taking your stuff telling you what you may not do and government does more of that as it grows and recent years has grown bigger under every president both parties.
Makes me wonder was there ever a president who didn't.
Well there -- couple actually including this guy Calvin Coolidge.
He's never lost best president's list that I see many shouldn't -- -- the woman who wrote that book and racial lace.
Coolidge actually stopped growth cut spending.
Yes seated when -- -- left office John in 1929.
The federal government was smaller than when he came in in 1923.
And yet the chattering class is the smug know it also the political class he he's ever and he's -- he's not like he's not.
Of politicians of either party like to grow government and he he -- it and know what I found in writing this spoke with.
It was fascinating how he said no no they can't he said that all the time John.
Whether it was with his fifteen -- -- or.
Fifty times zeevi told congress he's he said it's much more important to kill bad bills than passcode -- that's right he wrote that to his father was also a lawmaker he said give the administration.
A chance to catch up with legislation.
Don't write too many lives.
I'm all these interesting phrases that sound so far into us now that's what I like about in the ease a bit different right.
He he he believed in austerity out of the government was us steer the economy would grow and the evidence of his period suggest he was correct.
Yet he's blamed for the depression.
Well it's kind of a weird history thing if you don't want -- -- Roosevelt you have to hurt the people who came before and don't you.
But that never came in between in Hoover increased spending and that's right and so I personally the blame Hoover more but it.
Coolidge was the antithesis of Roosevelt Theodore and Franklin especially.
So if you like -- big spending big government you're gonna want to undermine Coolidge.
He took naps every day.
Like Reagan that was reaganesque -- current.
-- and people want.
Activist politics what the -- we should say at the time he was popular.
The -- that's right and they said that at you know now we say governments create crisis and light to.
Coolidge tried to make it on crisis.
And some people notice that they said he -- you develop the art of boring their country into believing that it didn't need to.
Government which is the best -- and made fun of his snaps but also said the -- to run things did not afflict him.
How refreshing it's interesting isn't it.
And even the White House under Coolidge was pretty modest he tried not to spend never could you want to set a good model so he could get his tax cuts.
He did not squander -- political capital as some presidents have said so he would save everywhere to prove.
That he could cut taxes.
He cut tax rates eventually down about 25%.
And more money came here.
That's right he cut taxes lower than Reagan to 25%.
Remember Reagan is 28% -- -- while he had a balanced budget.
So that's kind of interesting.
And on top of that he got more revenue this was a supply side experiment that worked -- -- use of phrase.
Supply side they said.
Taxation so they called it but it wasn't because.
As Mel and his Treasury Secretary said.
If you charge less may be more trains will -- principal from business.
Make it up on the volume charge what the traffic will bear the traffic of commerce and the government did get extra money and in addition.
The rich pay more taxes with.
When when there was a disaster when the Mississippi River -- he didn't rush they -- carriers say oh we're gonna help PO and government solves this.
That's right and that is typical I mean -- -- for president is saying -- -- the president wants to be love right that that's why -- politicians and they wanna be reelected.
But he thought to have right at that moment people -- and a lot of disaster spending in infrastructure spending is history.
Repeats itself all the time right.
And he knew that he wouldn't be able to Vito that spending if he went down to the disaster it would just overwhelm him politically.
So we didn't -- -- -- -- history played a really trick on him a tragic trek.
His own state was and flooded very soon after and of course he wanted to go but he couldn't go to be fair and he didn't.
He didn't go home -- he he said he did not intend to surrender to every emotional moment.
That's all politicians do today well that's interesting.
And yet he was extremely popular that that's what I like about and -- voters who -- cool cool had a lot.
If -- we -- have more of that thank you amity -- lays silent cal was a president who acted the way I wish our political class would act.
He's humble -- -- small government.
That allowed prosperity -- we can do it again.
Government spent less taxes for simpler lower America would -- That's our show see you next week.
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