Latest / Brett Keane and Eve Show / Ronald Reagan was the GOAT
Transcript
- 0:00When you and I were boys back in the Midwest, governments,
- 0:03federal, state and local were only taking about $0.15 out of
- 0:06every dollar earned. Today they're taking almost half
- 0:09of every dollar earned in the United States and most people
- 0:12don't realize it because the taxes are hidden in the
- 0:15so-called business taxes. You know the politician that
- 0:17stands up and yells, oh, let's save the little man, let's tax
- 0:20business. And everybody yells array, but
- 0:22they haven't figured out that every tax on business is just a
- 0:26part of the cost of production and the customer winds up paying
- 0:30it when he buys the product. It's a hidden sales tax.
- 0:33There's 116 of them in a the suit of clothes that each one of
- 0:37us. Is that right?
- 0:38Suppose. A lot of economists have
- 0:40suggested, and I don't know if it'll ever come to be in this
- 0:42country, that they're, if they closed all of the loopholes and
- 0:48corporations and maybe tax loopholes and even on the rich,
- 0:50certain loopholes and, and made a percentage income and made a
- 0:53flat fee without all of the deductions that the government
- 0:56might raise as much money as they do now.
- 0:58Oh. Sure, and really the loopholes.
- 1:02This has been overdone by the politicians too.
- 1:04The bulk of the money that is taken by what are called
- 1:07loopholes are the legitimate deductions with which if the
- 1:09people didn't have them, they couldn't pay their income tax,
- 1:12interest on their mortgage, interest on the installments on
- 1:15their on their car, their property taxes on their home if
- 1:18they have one, and so forth. These are in politicians size
- 1:22loopholes, but we ought to have tax reform and we ought to start
- 1:26by making it so simple that you don't have to hire a lawyer to
- 1:29find out how much you owe every year.
- 1:31That's for sure. It used to be.
- 1:32It used to be a little simplified, but not anymore.
- 1:35We, we Johnny, we live in the only country in the world where
- 1:38it takes more brains to figure out your income tax than it does
- 1:40to earn the income. I'd be.
- 1:42Right. We've gotten in the habit over
- 1:45the last 40 years of thinking the government has the answers.
- 1:48There's very little that government can do as efficiently
- 1:51and as economically as the people can do themselves.
- 1:53And if government would shut the doors and sneak away for about 3
- 1:56weeks, we'd never miss them. Our biggest problem is that we
- 2:00have built a permanent structure of government, federal, state
- 2:03and local, the permanent employees, and they've come to
- 2:06the place that they actually determine policy in this country
- 2:10more than does the Congress of the United States.
- 2:12There are 14 and a half million public employees in the United
- 2:16States. That's quite a voting bloc.
- 2:18And the bureaus and agencies not in Washington.
- 2:21I heard you talking earlier about some of the research
- 2:24programs. What would you say if I told you
- 2:27about one? A study in which this was called
- 2:30the The Demography of Happiness. And in this study, the
- 2:36government found out that young people are happier than old
- 2:38people and they found out that people that earn more are
- 2:46happier than people that earn less.
- 2:49And they found out that, well, people are happier than six
- 2:51people. That's.
- 2:51Good. It was $249,000 to find out.
- 2:56It's better to be rich, young and healthy than old, poor.
- 2:58And a poll was taken recently that found out that only 46% of
- 3:06the people in the poll could name their United States
- 3:08Congressman. But what was worse, 86% of those
- 3:12who could name him couldn't tell you a single thing that he
- 3:15represented or stood for. They just knew that he
- 3:18represented the. State but he was a congressman,
- 3:20but what's he doing while he's up there?
- 3:21And the same is true at the at the local levels of government
- 3:24and and all the rest. But so.
- 3:26You're saying people really have to take an active interest and
- 3:28you have to have citizen action groups locally and.
- 3:31And let them know it's a certain special interest groups.
- 3:34Now, the special interest groups aren't as everyone thought.
- 3:37Big, powerful business interests are something that are going to
- 3:39persuade government to do things.
- 3:40As a matter of fact, I don't know anyone with less influence
- 3:43today in government than business.
- 3:44They're just a convenient whipping point, but it's the
- 3:47groups that have got a particular axe to grind.
- 3:49You can't have a power plant because it might interfere with
- 3:52the the seagulls. Now, I think I'm an
- 3:54environmentalist and I do not agree with those people way over
- 3:59the edge who pave the whole country over in the name of
- 4:01progress. But also I don't like those on
- 4:03the other extreme that won't let you build a house unless it
- 4:05looks like a bird's nest someplace in the middle.
- 4:08We got to allow people or ecology too.
- 4:11Well, this kind of group, and they want their particular
- 4:13program. Hundreds of dollars have been
- 4:15added to the cost of an automobile, putting gadgets on
- 4:18it to to clear up the air. We're the only country in the
- 4:20world that set out to do it that way.
- 4:22When budget deficits are what's causing inflation, I don't see
- 4:25that there's any room to be on either side of that argument.
- 4:29I think the answer to curing inflation is a balanced budget.
- 4:33Now, how do you do that? I mean, it's not how do you
- 4:37balance the budget? Well, balancing the budget is
- 4:39like protecting you. Don't spend more than you take
- 4:41in, right? It's like protecting your
- 4:42virtue. You have to learn to say no.
- 4:54There's got to be another way. What's the second option?
- 5:03Well, well, there's some ways that this could be brought
- 5:05about. First of all, at limitation
- 5:07here, Here's another one. Why shouldn't we have, in
- 5:10addition to a simplified income tax, why shouldn't we also have
- 5:14a law that says that anytime a legislator or a congressman
- 5:17introduces a spending program, he has to introduce with it a
- 5:20tax program to pay for it? Then let the people find out.
- 5:23There was a woman that from a financial firm that was back at
- 5:27the President's economic council and her words weren't quoted.
- 5:30Everybody else's words got in the paper all the Hellers and
- 5:33the Galbreaths and all the so-called economists.
- 5:36And I had AI have a degree in economics.
- 5:39So I can say this, I think an economist is someone who has a
- 5:41Phi Beta Kappa key on one end of his watch chain and no watch on
- 5:44the other. This woman said that you go to
- 5:48the polls and you ask the people do they want some social
- 5:51service, some program the government can give and the
- 5:53people in the polls are apartment to read and say that
- 5:55sounds good. Yeah, but she says that isn't
- 5:58exactly accurate. She says put $100 bill in each
- 6:02person's hand and then show them the program and say now isn't
- 6:06that a nice program? Do you want it?
- 6:07Give me the $100. And she says, see what the poll
- 6:11says then and how many people hang on to the $100 instead of
- 6:14the program. In other words, if it's rather
- 6:15hidden and someone doesn't know exactly where it's going to
- 6:18come, they. All start all the government
- 6:19programs start a dollar down and we'll catch you later.
- 6:22And, and they they multiply all of those things that you would
- 6:27the Office of Management and Budget in Washington that's
- 6:29responsible for the budget putting up, putting the budget
- 6:32together cannot even tell you how many boards, commissions,
- 6:35agencies, bureaus and departments there are in the
- 6:37federal government, but all of them can pass regulations and
- 6:42those regulations have the force of law.
- 6:44And the difference is when you break the law, you're innocent
- 6:48until proven guilty. When you break a regulation, the
- 6:51fellow that charges you with the breaking the regulation, you're
- 6:53guilty. And if you want to take him to
- 6:55court and prove you're innocent, that's up to you.
- 6:58And all of these are things that that, yes, we can trim the
- 7:03budget. There's enough fat in the
- 7:04federal government that if you rendered it, you could wash the
- 7:07world. Maybe it's time for realignment
- 7:10between people who might be finding themselves in the wrong
- 7:12parties. Maybe there's some people still
- 7:15voting. I was a Democrat most of my
- 7:18life. I became a Republican only not
- 7:20too many years ago. And I had the pleasure of
- 7:24telling some of those people that are saying the Republican
- 7:27Party ought to broaden its base the other day that when I
- 7:31switched parties, I didn't do it because the two parties were
- 7:33alike. I did it because they were
- 7:35different. And I think that the two parties
- 7:39ought to stand up as to what they represent, what they stand
- 7:42for.