| Time | Text |
|---|---|
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Tariffs and Wasteeful Spending
00:02:33
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| Government expands, inflation grows, productivity declines, and our current design. | |
| Are tariffs the answer? | |
| Ever since Trump's launch, it's been chaos and disaster. | |
| Yesterday, Trump hinted at giving Americans a rebate from tariffs, but that's more big daddy candy in our face. | |
| Just scrap the income tax. | |
| Admit it, government spending is the least efficient form of economic output. | |
| Anything the government does can be done for less in the private sector, just like Elon, Starlink, and SpaceX done 20 times less. | |
| On the downside, tariffs give government revenue used for wasteful spending. | |
| On the plus side, tariffs incentivize making products at home. | |
| But Trump adds a tariff, removes a tariff, lowers a tariff, threatens a tariff. | |
| What business can make a game plan with this chaos? | |
| Most businesses sit it out, tighten their belts, delay production, cut employment, or sue Trump, which some have done. | |
| The way out can be done in a snap. | |
| Scrap the income tax. | |
| Now you get up in the morning, knowing your earnings won't be fleeced by big gov. You got ready cash and you want stuff. | |
| Entrepreneurs say, I'm going to make something that these guys need. | |
| The economy booms and government giveaways are swept away with a prosperous private sector broom. | |
| Here's my plan. | |
| For now, we keep the tariffs, but stable tariffs, police. | |
| Then scrap income tax so people can afford the tariff goods. | |
| Startups will spring up, offering better and less costly domestic things. | |
| We once had fruit of the loom in Bowling Green, but now overseas. | |
| So let's make our underwear here and call it Loom of the Fruit and make it in Duluth. | |
| Then we make pants, dresses, Maytags, frigidaires, doing the very same thing. | |
| And the best part of it all, tariffs paired with no income tax means we rely on our own production. | |
| Less imports, less tariff revenue, which equates to less government wasteful spending. | |
| Diminishing returns can be good, don't fear. | |
| Government power is decreased every year. | |
| Freedom is a money-making deal. | |
| This is why America boomed before 1913, when there was no income tax. | |
| Mr. Trump, there's one thing you must do to make your legacy last. | |
| Scrap the income tax. | |