Latest / Brian Thomas / Dave Williams - Taxpayer Protection Alliance

Transcript

Dave Williams - Taxpayer Protection Alliance · Brian Thomas

• 0:00
  Speaker 1: And it's seven oh six. Here fifty five Karsity Talk
• 0:07
  Speaker 1: Stations subsident our regular tool bumber music for the streetcar theme.
• 0:12
  Speaker 1: You know what's coming next from Protecting Taxpayers dot org,
• 0:16
  Speaker 1: which is the website for Taxpayer Protection Alliance. Welcome back,
• 0:19
  Speaker 1: my friend Dave Williams. It's always a real pleasure to
• 0:21
  Speaker 1: have you on the fifty five Karosee Morning Show.
• 0:24
  Speaker 2: Good Morning Brian, and you play that music. But DC
• 0:27
  Speaker 2: doesn't have a streetcar anything.
• 0:28
  Speaker 3: That's why Joe cute it up. I saw that.
• 0:31
  Speaker 1: Yes, I said, oh my god, I can't wait to
• 0:32
  Speaker 1: talk to Dave Williams the Taxpayer Text Alliance about it.
• 0:36
  Speaker 3: What was it two miles long?
• 0:37
  Speaker 2: Wasn't it two miles long? Two hundred and twenty million
• 0:42
  Speaker 2: dollars to build?
• 0:44
  Speaker 1: Yeah, you say that out loud. It makes it sound
• 0:46
  Speaker 1: like Cincinnati got a deal on It's a streetcar, so.
• 0:49
  Speaker 2: Such a bargain for Cincinnati.
• 0:51
  Speaker 1: So I guess when faced with the realities having to
• 0:54
  Speaker 1: maintain and upkeep that streetcar, pay people to run it
• 0:57
  Speaker 1: when no one was on it, they decided to pull
• 0:59
  Speaker 1: the plug on it, even though they had previously invested
• 1:01
  Speaker 1: that kind of coin to put it there.
• 1:02
  Speaker 3: In the first place, ten years in one month.
• 1:06
  Speaker 2: And I remember back ten years ago when the Taxpayer's
• 1:09
  Speaker 2: Protection Alliance we released a report talking about the cost
• 1:13
  Speaker 2: of the street car, and not just building it, but
• 1:16
  Speaker 2: the marketing costs. They were giving away free Frisbees. Well,
• 1:19
  Speaker 2: free taxpayers paid for right. And it cost him one
• 1:22
  Speaker 2: hundred and seventy thousand dollars to build a website for
• 1:27
  Speaker 2: the streetcar.
• 1:28
  Speaker 3: Are you kidding me?
• 1:30
  Speaker 2: No, I am not kidding you at all.
• 1:33
  Speaker 1: That's insane. You know, my son has done many websites.
• 1:37
  Speaker 1: He's a computer geek expert kind of guy, and it's
• 1:39
  Speaker 1: sort of a side thing he has done in the past,
• 1:41
  Speaker 1: his websites. It never really took him a whole lot
• 1:43
  Speaker 1: of time to do it, and he never charged much
• 1:45
  Speaker 1: money to get it accomplished. That's not rocket science anymore, Dave.
• 1:50
  Speaker 2: He's probably kicking himself, probably thinking, nah, I could have
• 1:54
  Speaker 2: built that streetcar website for eighty five thousand dollars.
• 1:57
  Speaker 1: Well, he's a chip off the old man's blocks that
• 1:59
  Speaker 1: he's not one that's going to go out and search
• 2:01
  Speaker 1: for government contracts, even though might a near to his
• 2:03
  Speaker 1: financial benefits. Anyway, Congratulations though, on getting the plug pulled
• 2:08
  Speaker 1: on that. At least it's going to say the DC
• 2:10
  Speaker 1: taxpayer some money.
• 2:12
  Speaker 2: It is. And listen, this has been my white whale, right,
• 2:15
  Speaker 2: I mean for the past ten years. In one month,
• 2:17
  Speaker 2: it's been my white whale.
• 2:20
  Speaker 1: Have a celebratory cocktail. I'll even pay for it, Dave
• 2:23
  Speaker 1: to send me the bill, all right, pivoting over the
• 2:26
  Speaker 1: things that Dave Williams is always looking for.
• 2:27
  Speaker 3: He and the team at.
• 2:28
  Speaker 1: Taxpayer Protection Alliance insane government spending, so putting aside local spending.
• 2:33
  Speaker 3: On that.
• 2:33
  Speaker 1: We have a new TPA report finding FDA costs are
• 2:36
  Speaker 1: soaring with drug rejections rising. What's behind this one, Dave Williams.
• 2:41
  Speaker 2: Yeah, this is this is incredible, is that the FDA
• 2:44
  Speaker 2: is becoming slower and more unresponsive even though it's getting
• 2:48
  Speaker 2: more money, more money from taxpayers, but also more money
• 2:51
  Speaker 2: from industry, from pharmaceutical companies. The FDA is not doing
• 2:55
  Speaker 2: its job, Brian. And you know, over the past you know,
• 2:58
  Speaker 2: fifteen twenty years, we have I've seen amazing progress in medicine.
• 3:02
  Speaker 2: And listen, I know the controversy about the vaccines, and
• 3:05
  Speaker 2: I sympathize with the controversy in vaccines because that was
• 3:09
  Speaker 2: done so quickly and approved so quickly. But you know,
• 3:12
  Speaker 2: we have medicines that have been in the pipeline for years.
• 3:15
  Speaker 2: It takes what ten to twelve years and about two
• 3:17
  Speaker 2: billion dollars to approve a drug, and anything can stop
• 3:21
  Speaker 2: that whole process. And it's frustrating because the FDA has
• 3:26
  Speaker 2: an opportunity, whether it's gene therapy, you know, so many
• 3:29
  Speaker 2: cutting edge technologies and it's just lagging behind in approving these.
• 3:34
  Speaker 1: I thought with the Make America Healthy Again agenda that
• 3:37
  Speaker 1: this and this day, this is not a surprise to
• 3:39
  Speaker 1: you that it takes a long time and billions of
• 3:41
  Speaker 1: dollars to get a drug approved. This is something been
• 3:43
  Speaker 1: going on for years and years and years, but that
• 3:47
  Speaker 1: it exists as a problem. The I guess concerning thing
• 3:50
  Speaker 1: is that this administration hasn't done anything to streamline the
• 3:53
  Speaker 1: process that sounds consistent with a Trump administration type of
• 3:57
  Speaker 1: plan or policy.
• 4:00
  Speaker 2: Yeah, and when you look at the FDA, they have
• 4:02
  Speaker 2: these these thresholds that a drug has to be ninety
• 4:06
  Speaker 2: five percent efficient, not safe. We're not talking. I mean
• 4:09
  Speaker 2: safety obviously is job one. Right you have to be
• 4:12
  Speaker 2: but you know, when you have efficacy of a drug
• 4:15
  Speaker 2: at ninety five percent, but it gets rejected because that
• 4:17
  Speaker 2: ninety four point eight percent something's wrong with the system.
• 4:21
  Speaker 2: Something is absolutely broken in the system. If that's what
• 4:23
  Speaker 2: they're doing.
• 4:25
  Speaker 1: The solution is it that simple just to flip the
• 4:29
  Speaker 1: switch and make it ninety five per or make it
• 4:31
  Speaker 1: less than ninety five percent or more than ninety five percent,
• 4:33
  Speaker 1: depending on your perspective on it.
• 4:35
  Speaker 3: I don't know.
• 4:35
  Speaker 1: Somewhere if someone's going to say, well, wait a second,
• 4:37
  Speaker 1: there has to be a cutoff, and what is it?
• 4:40
  Speaker 3: Is it arbitrary?
• 4:42
  Speaker 2: Well, it's arbitrary, but then you know right to try
• 4:45
  Speaker 2: and saying okay, if it's ninety four percent, you know,
• 4:49
  Speaker 2: just so you know, full disclosure, this drug is ninety
• 4:51
  Speaker 2: four percent, So but you can still you can still
• 4:53
  Speaker 2: use it. Or if this drug has been approved in
• 4:56
  Speaker 2: other countries that we trust, you know, the UK, Germany, Japan,
• 5:00
  Speaker 2: they have very rigid standards, why do we have to
• 5:03
  Speaker 2: reinvent the wheel in this country? If we have other
• 5:05
  Speaker 2: countries that have approved medication.
• 5:07
  Speaker 1: And wouldn't that serve as a massive country based clinical
• 5:12
  Speaker 1: trial if they've approved the drug and their population is
• 5:15
  Speaker 1: using it, presumably in large numbers compared to US, where
• 5:18
  Speaker 1: we haven't approved the drug yet, we have statistical examples
• 5:21
  Speaker 1: about how many people get sick as a consequence of
• 5:23
  Speaker 1: using any given drug. Do they use that evidence when
• 5:25
  Speaker 1: considering it here in the United States?
• 5:28
  Speaker 2: They do not.
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  Speaker 3: Oh, that's great, Absolutely, that makes no sense.
• 5:33
  Speaker 2: No, and again, this is about the consumer, it's about patients,
• 5:37
  Speaker 2: it's about healthcare. It's not about the FDA. And the
• 5:41
  Speaker 2: FDA is a standing in the way. And listen, I
• 5:44
  Speaker 2: understand the desire to make America healthy again. I understand
• 5:47
  Speaker 2: the desire to get this nonsense out of our foods, right,
• 5:52
  Speaker 2: but I think what we're they're not seeing the bigger
• 5:55
  Speaker 2: picture here, and there's no real reform of HHS or
• 5:58
  Speaker 2: the FDA.
• 6:00
  Speaker 1: Well, what specific steps can the FDA and Congress make
• 6:03
  Speaker 1: to improve the drug approval process and expand access?
• 6:07
  Speaker 3: Is it simple?
• 6:09
  Speaker 2: It is? Well, first, the reciprocal agreement that we have
• 6:11
  Speaker 2: with other countries. And again I'm talking about trusted countries.
• 6:15
  Speaker 2: You know, not Botswana. You know, we're not going to
• 6:18
  Speaker 2: take a drudge just approved in Botswana. But you know
• 6:21
  Speaker 2: when you're talking about Japan, UK and Germany, you know
• 6:24
  Speaker 2: these are trusted partners, These are trusted countries and I
• 6:27
  Speaker 2: think that would go a long way. And you know,
• 6:30
  Speaker 2: breaking down the ten to twelve year approval process. There's
• 6:33
  Speaker 2: got to be a better way to do this well.
• 6:35
  Speaker 3: Other than tradition. What's standing in the way of this.
• 6:37
  Speaker 1: I presume the pharmaceutical companies are all over your suggestion,
• 6:40
  Speaker 1: Dave Williams.
• 6:42
  Speaker 2: They are. And you know, we always think that the
• 6:44
  Speaker 2: pharmaceutical companies have such strong weight when it comes to lobbying,
• 6:47
  Speaker 2: but in reality they don't because look at this process,
• 6:51
  Speaker 2: and it's really the FDA bureaucracy. And now, Brian, this
• 6:54
  Speaker 2: is every bureaucracy in the government. Is they expand they
• 6:58
  Speaker 2: don't contract. And you ever see a bureaucracy get smaller.
• 7:02
  Speaker 2: And you know what, if you're at the Department of
• 7:04
  Speaker 2: Commerce or Department of Transportation, you don't see the mediate
• 7:08
  Speaker 2: effect of it. But FDA it's so you know, it's
• 7:11
  Speaker 2: so sensitive, and we see that immediate effect of these
• 7:14
  Speaker 2: drugs not being approved.
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  Speaker 1: So a shorter, more streamline approval process means smaller government,
• 7:20
  Speaker 1: which means that people who are currently standing in the
• 7:22
  Speaker 1: way and overseeing these studies are going to lose a job.
• 7:25
  Speaker 1: So this is all about protecting government employees.
• 7:29
  Speaker 2: Yep. Some people want to protect taxpayers, other people want
• 7:31
  Speaker 2: to protect government employees.
• 7:34
  Speaker 1: How about RFK Junior, the MAHA guy, the man's behind
• 7:38
  Speaker 1: this whole craze is has he said anything about these
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  Speaker 1: proposals that you're talking about, Dave Williams, are about the
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  Speaker 1: slow process that over that the FDA has in improving drugs.
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  Speaker 2: He has not. He absolutely has not. There's been nothing
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  Speaker 2: coming out of his office. And he has a really
• 7:54
  Speaker 2: obviously big platform to talk about this, yes, and could
• 7:57
  Speaker 2: make a huge difference in this. And you know, one
• 8:00
  Speaker 2: of the problems with RFK Junior is that he has
• 8:02
  Speaker 2: ties to the legal industry, the tort industry where they've
• 8:07
  Speaker 2: been suing drug manufacturers. So his I think it's his
• 8:11
  Speaker 2: son and don't get you know, I don't want to.
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  Speaker 1: But Dave that the lawsuits can't go away. He's not
• 8:16
  Speaker 1: changing the underlying torte law. If they approve drugs maybe
• 8:20
  Speaker 1: too rapidly, that seems to me it's going to be
• 8:22
  Speaker 1: a feeding frenzy for the plaintiffs bar out there.
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  Speaker 2: Yeah. So, I mean, listen, there's a lot of things
• 8:28
  Speaker 2: going on behind the scenes that just aren't good for
• 8:31
  Speaker 2: you know, for the country and for taxpayers and consumers.
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  Speaker 1: Now his Taxpayer Protection Line is given the weight that
• 8:37
  Speaker 1: your organization has and you do have. They reached out
• 8:40
  Speaker 1: to RFK and asked specifically his comments on your thoughts
• 8:43
  Speaker 1: on this.
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  Speaker 2: We have and what we're doing is we're also submitting
• 8:47
  Speaker 2: Freedom of Information Act requests trying to figure out just
• 8:50
  Speaker 2: exactly the chatter behind the scenes on on a number
• 8:55
  Speaker 2: of issues at the FDA and HHS.
• 8:57
  Speaker 1: And right there there's a contribute button at Protecting Taxpayers
• 9:00
  Speaker 1: dot org. It takes money to get these things going,
• 9:03
  Speaker 1: and I encourage my listeners to consider that contribution when
• 9:06
  Speaker 1: they're over checking out the website for the Taxpayer Protection Lines.
• 9:09
  Speaker 1: Dave Williams pause, will bring it back and we'll talk
• 9:11
  Speaker 1: about permanent pilot programs. Sounds like we're continuing a theme
• 9:14
  Speaker 1: about government and then sports betting and local taxes before
• 9:18
  Speaker 1: we get to Americans for Prosperity. Donald and Neilt the
• 9:20
  Speaker 1: bottom in the hour and.
• 9:21
  Speaker 3: Talkstation at seven nineteen.
• 9:25
  Speaker 1: If you have Krocite Talk station, I always enjoy hearing
• 9:28
  Speaker 1: from Dave Ooyams from the Taxpayer Protection Lines, and I
• 9:30
  Speaker 1: encourage you to check the website out and bookmarket and
• 9:32
  Speaker 1: find out what they're doing for us each and every
• 9:34
  Speaker 1: day of the week, protecting taxpayers dot org, pivoting over
• 9:39
  Speaker 1: no kidding, nothing so permanent as a pilot program. And
• 9:42
  Speaker 1: this is the thing that really irks me, including using
• 9:45
  Speaker 1: the tax code to manipulate people like we saw with
• 9:48
  Speaker 1: the Affordable Care Act premium tax credits. Oh here, there's
• 9:50
  Speaker 1: gonna be no premium. That just means you and I
• 9:52
  Speaker 1: are paying for a dave. But it's got an expiration date.
• 9:55
  Speaker 1: But lo and behold, when the expiration date comes, they
• 9:58
  Speaker 1: want to extend it. Extended and extended. Just one of
• 10:01
  Speaker 1: a multitude of illustrations of this dave.
• 10:04
  Speaker 2: Yeah, so it sort of has an expiration date, right.
• 10:08
  Speaker 2: Congress does this knowing that they're going to extend it.
• 10:10
  Speaker 2: And the reason they do this, there's a number of reasons,
• 10:13
  Speaker 2: but the biggest reason is it's all sleight of hand
• 10:17
  Speaker 2: fiscal chicanery. Is that they say, Okay, these tax extenders
• 10:21
  Speaker 2: are going to They're going to expire in twenty twenty five.
• 10:24
  Speaker 2: So the way we when I say score, the way
• 10:26
  Speaker 2: we're going to cost this to the government is a
• 10:29
  Speaker 2: certain dollar amount because it's going to expire. Nothing never
• 10:32
  Speaker 2: expires they do this so it makes the budget look
• 10:35
  Speaker 2: better in five, ten, fifteen, twenty years. And this is
• 10:39
  Speaker 2: how they pass the budget saying, well, the deficit's not
• 10:42
  Speaker 2: going to be that bad because these things expire. They
• 10:45
  Speaker 2: never expire. Like you said, in the ACA, the Affordable
• 10:48
  Speaker 2: Care Act premium tax credits. Man, if that's not the
• 10:51
  Speaker 2: poster child for what's happening here, nothing else is. Because
• 10:55
  Speaker 2: you know, there's supposed to be a temporary expansion under
• 10:59
  Speaker 2: the American Rescue Land of twenty twenty.
• 11:00
  Speaker 1: One based upon their COVID. Right, this is a COVID thing.
• 11:05
  Speaker 1: So COVID is not a problem anymore.
• 11:07
  Speaker 3: We have it.
• 11:07
  Speaker 1: We have a vaccine for that, Dave, So COVID is
• 11:10
  Speaker 1: not a problem anymore. And yet they want to continue
• 11:11
  Speaker 1: extending these tax credits which were built and predicated on COVID.
• 11:15
  Speaker 2: So uh, and then and then increases subsidy levels after.
• 11:20
  Speaker 2: I mean, this is the thing, is that, right? You know,
• 11:22
  Speaker 2: COVID is gone and now the extension is still here
• 11:27
  Speaker 2: and they're expanding the ACA credits. So this is something
• 11:31
  Speaker 2: that happens. And you know, we talk about demonstration projects
• 11:34
  Speaker 2: a lot of time with spending, but like you said,
• 11:36
  Speaker 2: the tax provisions, and these tax extenders, they're as bad
• 11:39
  Speaker 2: as earmarks because tax extenders go to certain industries and
• 11:44
  Speaker 2: certain companies. I mean it gets down to the micro
• 11:46
  Speaker 2: level where it goes down to certain companies. And these
• 11:49
  Speaker 2: are ear marks, Brian, These are tax earmarks that are
• 11:53
  Speaker 2: just as bad as spending earmarks, if not worse.
• 11:57
  Speaker 1: No question about it. So going back to the original
• 11:59
  Speaker 1: Donald Trump tax cuts which had a built in expiration date,
• 12:02
  Speaker 1: which were extended inshrine permanently later is are you telling
• 12:07
  Speaker 1: me the reason there was an expiration date in the
• 12:09
  Speaker 1: tax cuts. I always thought it was I guess who knows.
• 12:13
  Speaker 1: But you're saying is because the CBO scoring.
• 12:16
  Speaker 2: It was CBO scoring. It was Pelosian, the Democrats wanting
• 12:20
  Speaker 2: to get something out of the tax bill, but mostly
• 12:23
  Speaker 2: it was done because of CBO scoring. And you know,
• 12:25
  Speaker 2: it's funny if you look at budget documents from the
• 12:27
  Speaker 2: federal government, they have these thing called out years, which
• 12:31
  Speaker 2: is ten years, fifteen, twenty years down the road as
• 12:34
  Speaker 2: to what something will cost. And John Kaysik, who everyone
• 12:38
  Speaker 2: in Ohio is very from the witch Kasik. We remember Kasik, Yeah,
• 12:43
  Speaker 2: twenty years ago he said, I have never seen an
• 12:46
  Speaker 2: out year when it comes to budgeting, is that they
• 12:50
  Speaker 2: have these plans for twenty years, but I have never
• 12:52
  Speaker 2: seen an out year. So he had a moment of
• 12:54
  Speaker 2: Claarty back in the day.
• 12:56
  Speaker 1: Yeah, they also have a way to mission creep these
• 12:59
  Speaker 1: kind of things, like if you with reparations for like
• 13:01
  Speaker 1: this number of people with this finite amount of money,
• 13:05
  Speaker 1: then you know, damn well that about a minute in
• 13:07
  Speaker 1: time forward, that's going to expand to a much broader
• 13:09
  Speaker 1: program with a whole lot more money and be permanently enshrined.
• 13:12
  Speaker 2: Flipping over, how Brian try to try to take that
• 13:16
  Speaker 2: away from somebody, trying to take that extension, that expansion
• 13:19
  Speaker 2: away from someone, and it's they'll screen bloody murder.
• 13:22
  Speaker 1: Yeah, you never get somebody to remember what life was
• 13:24
  Speaker 1: like before they created this large est from government. How
• 13:27
  Speaker 1: do we manage to survive without it?
• 13:29
  Speaker 3: Anyway?
• 13:30
  Speaker 1: Over to sports betting, which fine, go ahead and bet
• 13:32
  Speaker 1: on sports. I think it's crazy. It's obviously resulting in
• 13:35
  Speaker 1: some real complications, most notably like in college basketball. Point
• 13:39
  Speaker 1: shaving becomes a thing when the individual playing the game
• 13:42
  Speaker 1: can be impacted by sports betting. But how does sports
• 13:44
  Speaker 1: betting harm local government revenue?
• 13:47
  Speaker 2: Yeah? So listen, I personally don't want an eighteen or
• 13:50
  Speaker 2: twenty two year old kid determine how much money I
• 13:52
  Speaker 2: have in my pocket. You know, he might be breaking
• 13:58
  Speaker 2: up with his girlfriend and going through so you know,
• 14:01
  Speaker 2: I'm good.
• 14:01
  Speaker 1: But if people want to bet that someone might be
• 14:05
  Speaker 1: familiar with that individual's porn surfing habits or something else
• 14:08
  Speaker 1: and threatened to reveal them to the world unless he
• 14:10
  Speaker 1: shaves that he misses that three point bucket on purpose.
• 14:15
  Speaker 2: But listen, people bet I get it. It should be
• 14:17
  Speaker 2: done legally. It should be done, you know, because a
• 14:20
  Speaker 2: lot of people will bet with the black market and
• 14:22
  Speaker 2: you have zero protections. And what happens is states go, okay,
• 14:26
  Speaker 2: we're going to allow this to allow sports betting, and
• 14:29
  Speaker 2: we're going to raise the taxes. We're going to have
• 14:31
  Speaker 2: a really high tax. Well, people are going to go
• 14:34
  Speaker 2: back to the black market. And we see that there's
• 14:36
  Speaker 2: a certain point. You know, right now, the average rate
• 14:39
  Speaker 2: is about fifteen percent on sports betting in the country,
• 14:42
  Speaker 2: right New York is fifty percent. Oh well, guess what.
• 14:46
  Speaker 2: They have a bigger black market now because it's so
• 14:50
  Speaker 2: expensive to bet. And that's what's happening, is that the
• 14:54
  Speaker 2: money is not getting to the local government, it's not
• 14:56
  Speaker 2: getting to the state government. Is that people aren't changing
• 14:58
  Speaker 2: their behavior. Well, they're changing behavior to the black market
• 15:02
  Speaker 2: and not legal sports betting.
• 15:04
  Speaker 1: And if my grandfather, the one who I didn't know,
• 15:07
  Speaker 1: my dad's father, passed away when my dad was eighteen,
• 15:09
  Speaker 1: he fed the family not because he owned a bar,
• 15:12
  Speaker 1: but because he was a book maker. Bar served as
• 15:14
  Speaker 1: a convenient place for people to go and place bets.
• 15:17
  Speaker 1: That would be the black market the days referring to.
• 15:19
  Speaker 1: So when they're taking fifty percent of whatever it is
• 15:21
  Speaker 1: you're betting is taxes, then you're going to go over
• 15:23
  Speaker 1: to my late grandfather Pat in place the bet with him.
• 15:28
  Speaker 2: Yeah, And that's why there's this sweet spot of taxation
• 15:31
  Speaker 2: right is where people will still engage in that activity legally.
• 15:36
  Speaker 2: And again, states are always pushing the limit. They're always
• 15:40
  Speaker 2: pushing the envelope and it's really a lazy way to
• 15:42
  Speaker 2: bring in revenue that doesn't bring in revenue.
• 15:44
  Speaker 3: This is the fool's gold.
• 15:45
  Speaker 2: And this is happening in Maryland where they just raised
• 15:48
  Speaker 2: the cannabis tax, the gaming tax, and lo and beholds.
• 15:51
  Speaker 2: Six months into their budget, the revenues are below so,
• 15:55
  Speaker 2: and I hate to use Maryland as an example, but
• 15:57
  Speaker 2: I have to because they want to bring in five
• 15:59
  Speaker 2: hundred million dollars this year in the new gaming tax.
• 16:03
  Speaker 2: They're projected to bring in one hundred million because of
• 16:06
  Speaker 2: the tax that they raise, of how much they raised it.
• 16:09
  Speaker 2: But this is across the country. Every state, there's always
• 16:13
  Speaker 2: that sweet spot, and once you go above it, you're
• 16:15
  Speaker 2: in trouble. I was going to say another word, but
• 16:17
  Speaker 2: I'll get fined by the sea.
• 16:18
  Speaker 3: No, that's okay.
• 16:19
  Speaker 1: Just ask all the people that fled California and New
• 16:22
  Speaker 1: York and other places for lower taxation. If you put
• 16:25
  Speaker 1: high taxes in the way, someone's going to look at
• 16:28
  Speaker 1: it and say, you know what, there's a better place
• 16:30
  Speaker 1: out there. Same thing with sports gambling. Interesting reality. Dave
• 16:33
  Speaker 1: Williams