Thats a drop of 20 in only five years, and its no coincidence those are the same five years and the only five years in the history of america that we have dropped on the listing of the countries of the most Economic Freedom. The worlds Economic Freedom index never has america dropped five years in a row at the same time the middleclass has been slotted. 70 of working age americans no longer working are under the age of 55. What kind of jobs have been lost . 60 of the jobs lost during this recession or middleclass jobs but only 22 of the new jobs are middleclass jobs with two wages. A number of working age americans without a job has increased by 10 million in the first five years of the obama presidency. I know obama is not a magician like David Copperfield in las vegas thats a pretty cool trick. 2 Million People lost every year of his presidency. Americas second largest employer is a temporary agency, kelly services. 40 of American Workers now earn less than the minimum wage in the year 1968 adjusted for inflation. Nearly half of all americans have less than 500 in savings. The net worth of the average American Family is now is down 40 since 2008. More than half of americans with 401 k s are accumulating debt faster than theyre putting away money for retirement. The number of lower wage workers with a four Year College Degree doubled between 19792011. 53 of all College Graduates in america under the age of 25 are either unemployed or underemployed. 15 of the American Population is now on food stamps. The number of americans getting food stamps is bigger than the population of the northeast United States, including new york city, boston and philadelphia. The food stamp world in america are larger than the population of spain. The number of americans living in poverty, larger than the population of syria times too. The number of americans on disability bigger than the population of greece. And for anyone who might think, well, maybe these numbers existed a few years ago. In 1965, one out of every 50 americans was on medicaid. Today, one out of every six americans is on medicaid. The system is unsustainable. That debt is unsustainable. The regulations are unsustainable. But taxes are unsustainable. And most importantly, the irs is unsustainable. Its got to go. We have a disaster on our hands up at the proportions. Im unconvinced, as ziad said, this is not a republican or democratic event. Im an equal opportunity offender. Im not convinced the republican president would have a chance to turn it around or save it. But i think they could if theyre willing to go radical, if theyre willing to think out of the box, if theyre willing to do something revolutionary. Let me give you a few of my ideas. They are, in fact, revolutionary but they will work. Ima commonsense, son of the butcher businessmen. First of all i mentioned reagan took the worst economy in our history since 1929 and turned it around in only two years and created 20 million jobs and did it with a crazy idea, cutting taxes and have in the middle of a depression. Same idea by the way that worked in canada in the 1990s. They cut both taxes and spending radically in the middle of a major recession and turned it into a boom economy that has lasted 15 years. How did they cut spending . An idea i would do tomorrow. They fired 25 of all Government Employees. Right off the bat, goodbye, 25 of Government Employees. I know you want to clap. You are afraid to clap. Go ahead and clap. Come on. Ill start with the irs. I moved to the department of education of finish up with every employee at the industry. Time to stop snooping on americans. Heres my idea. A National Income tax vacation. Our economy is so that is like a guy with a heart attack he was already dead and the only way to bring back to life is with a defibrillator, a shock to the system. The way i would save america, capitalism, jobs, the economy and the middleclass is with the national one year income tax vacation which means that next year no one in this country pays a dollar in taxes on the money they earn. You still pay payroll taxes and businesses would still pay business taxes. Of course, you would still buy things in large numbers. People would go out and buy and create a fantastic economy and they would pay sales taxes and they would pay property taxes. But for one year they get to keep everything they make. What would they do with it . The same thing they did when reagan cut taxes from 70 to 18 . Start businesses, build businesses, expand, businesses and create 20 million jobs. Folks, the only thing anyone can say to me thats negative about this idea, where would we get the money from if no one pays taxes anymore . Its funny. When wall street got in trouble, when aig got in trouble, when the Biggest Companies in america got in trouble, nobody in washington ever asked where would we get the trillions of dollars to bail out the Biggest Companies in the world that did this to themselves. The cost of one year of paying no income tax is 1. 2 trillion. The cost of the obama stimulus plan in year one of his presidency that did nothing, never saved a job, never created a job and went mostly to Green Energy Companies like solyndra that went bankrupt, the result of that was to . 3 trillion spent on a failed stimulus to know where. I will only want to spend 1. 2 trillion by giving the American People back their money. What does that mean . I believe in the power of the people and im with the constitution and the with the Founding Fathers. You name it. They wouldve told you the only answer to green jobs is the people in this audience. I call you the financial first responders. You are like [applause] you are like policemen and firemen who run into a burning building. We run into a burning economy. Its only crazy people like me and ziad and use that would see a horrible economy and set up to 1 million, let me open a business with a good idea. We need to encourage them. We dont need to give the money to poor people. We need to ge give the money to people who create jobs, and so my idea stars government but gives of the money to the people and the people will get soaked cited. Im on the right as a politician. There are people on the left and they are pashtun their theory is government is great in government is good. Government doesnt create a single job. I heard the idea that you didnt build the. Guess what, our president was right. He is 100 right. When you build the business you will credit the highways and roads and hospitals and airports and good communities and schools and people in the schools, good teachers, and you will credit the government, right . Guess who finds government . Businessmen and women. Government doesnt earn 1 dollar on its own. We provide 100 of incom of thee for government to pay for bridges and highways and roads and hospitals and airports and schools. Without us theres nothing. We are the heroes of the american workforce. Business owners, and we must be encouraged and motivated and empowered, not demonize. So i am the guy fighting for Small Business owners. Thats what im fighting for. I want to give them all one year to get their life back on track and create businesses and hire people and create 20 million jobs. I created a middleclass contract with america inside my book the murder of the middle class. Plank one is a National Income tax vacation. Plate number two is what we give back the National Income tax vacation. How do you treat those people . Reagan proved again, lower taxes, flatter taxes create an orgy literally a standing at success and investing. So i proposed instead of a suicidal run that we are on, raise taxes to 43. 8 which is what income taxes are now, 40 was 3. 8 obama to attacks, 43. 8 is emulating a model of greece. They are tax rate is 40 . I dont want to emulate greece. They have 30 unemployment, 60 youth unemployment. Who wants to model that . I want to model hong kong which has a 15 flat tax and 0 capital gain. The letter says weight again, youre making rich people richer. 0 Capital Gains, have you lost your mind . The answer is i dont care if a rich guy gets richer as long as i get richer. Thats the way we got to teach the people dissing. As long as you get richer and the butcher gets richer and the baker gets richer, what do you care if you make 12,000 he makes 12 million . Would you rather not make the 12,000 . Everyone needs their money. When they make money they spend it. So someone said to me, i was Walking Around new york city and go to my next interview, i have nine interviews, i did about six in my hotel room and three i had to run around the city. Someone said im so glad youre here. Your book is out, you are spending money. Im glad. I said right. Is a ver theory that if you takn extra 5000 from the because is a quote from politicians, get ready, he can afford it. That means i wouldnt come to nuke cities issue. I would skip it because thats an extra three or 5000 i need to take a trip with my family to new york city. Every dollar you take from the people in taxes big money they wouldve spent on something that is great for the economy. Every single dollar. I come back from a National Vacation with the certainty of a 0150 plan. Zero income tax or when you, then a 15 flat tax which includes just like hong kong greatest economy in the world, humming economy, 3 unemployment and it includes mortgage and shareable deductions. I would add one more. Health care deduction. Every time you spent on health care is tax deductible off your taxes. Except people asked me where to get my energy. Nine interviews today. Im giving a speech. Do you think ive energy . I think 105 until the day and work out an hour and half every day. Included in the deduction should be gym membership and vitamins. More important than viagra, more important than pharmaceutical drugs. Preventative medicine. Stay healthy before you ever get sick and need doctors in the first place. 0150. You want to see as liberals would say greedy people on wall street create jobs . Out how you how you motivate greedy people. You tell them they will get 0 Capital Gains when they start a business and 60. I say i love it. Greed is good. As gordon gekko would say. Its good for america, good for charity. In the state the nevada the study is out, 99 of all Charitable Giving is given by the top 1 . Without the 1 there is no church giving, there is a charity giving, there is no help for the poor. Greed is good because without greed nobody would invent the cure for cancer or aids or diabetes or alzheimers, the great scourge of the future of america. You want to solve the problems of america. Think of my good friend who i grew up with on the same block when we were three years old, just pure luck. Im and one half house, hes another. I become a Vice President ial nominee and a National Best selling author. He lives two doors down and he becomes taking of space travel of the United States. The chairman of space x. Foundation. He offers reward. It offers the 20 million reward for the first by the company that would put a spacecraft into space. Thats my friend from the age of three. Peter said to me, its so ridiculous, the Energy Department spends 28 billion a year and its been around since 1977 and its goal is energy independence. What do we spend 20 billion a year on. We are no more Energy Independent than we were in 1977. Why dont we cancel the department of energy, get people back to 28 billion a year, divide it up and pay for gas and lets put a prize for one year of 28 billion, the entire budget of the department of energy for when you and offer to the company that solves the most important problem in america. 28 billion to solve alzheimers. 20 billion if you saw diabetes. 28 billion if you solve cancer. 28 billion if unit of fuel replaces fossil fuel. Im the guy who wants to harness the power of the private sector. Thats the only time i would ever use government money for anything is to harvest the power of the private sector to solve our biggest problems. Heres another idea. To jumpstart jobs, jumpstart jobs. America desperately needs jobs. Two out of every three are created by Small Business. I propose Angel Investors tax deduction. Investors would receive 1 dollar for dollar tax credit of up to 50 of the income tax bill for up to 50,000 for investments in new business startups. You want to create jobs, do you want to see the economy explode . Watch what happens within Angel Investors tax deduction. If you are a middleclass american, you can literally invest 50,000, or any amount up to 50,000 in a Small Business every year. Lets say you are a lower middleclass american and you take advantage of my idea. You invest 10,000 each year in one of your friends starts. We know the way to get rich in america is to invest any started. It is the best way to earn a fortune. So for the next 10 years youll save 10,000 on your taxes with the irs and you have 10, 10,000 working on Small Businesses across the country. If even one comes through youve now got your Retirement Fund and he never did social security. You will not have to worry about for the rest of your life. If you gave 10,002 the irs every year for 10 years, that 100,000 is gone for ever with no chance of you ever using it in your entire life. Heres another idea. Theres over 2 trillion parked offshore nowadays. 2 trillion. Every one of those companies would love to bring it back, get it working in america. But they will not bring it back with the highest Corporate Income tax rate in the world of 35 and another five to 10 in state income tax. Crazy. What are they doing . Not only is the money parked offshore, ma and a parking their businesses offshore. Youve heard of the idea of conversion. They are leaving the United States by buying another company in scotland, ireland, switzerland. Theyre leaving america for tax purposes or theyre giving up their citizenship. Why dont we give them back . All those jobs are gone for ever. I propose that money, if you bring it back we will let you bring it back for a one time penalty of 10 . Thats 200 billion in new taxes for america and thats one point a trillion left over to get working to create jobs and to build businesses in this country. Thats how you create success instead of the left idea, that oh, my gosh, wayne root is letting him get away with murder. Thats 2 trillion they should be paying 1 trillion hes letting them get away the only thing 200 billion of taxes. Folks, 100 of nothing is nothing. Im getting 10 of something. The idea that government thinks they deserve 50 but no one will pay it is crazy. Its groundhog day. Trying the same thing again and again that fails again and again. It failed in europe, it failed in common is countries, but record high stock market. Thats exactly whats happening in the United States. Ive got 100 ideas. Ziad i know is telling its have a question and answer. I want to do one more thing at you. One more. The problem we have in this country is that is a credit card. Let me show you my American Express card. Can you imagine if i have an American Express card and im on the board of directors of American Express and i decide to vote that he would dispense money on American Express and brings up a big build doesnt have to pay it back . Oropeza back with a 0 interest rate. Would you not call that a conflict of interest . In our country we have 148 Million People collecting welfare checks and theyre all voting the its the most massive conflict of interest in the history of mankind. Im not a radical. Im very reasonable commonsense but if you need welfare, if youre in trouble, wayne root as im going to give it to you but im not going to let you vote until the day you get off it. You cant have welfare and vote. You can vote but you cant have welfare. Its in sandy and its suicidal that a nation would allow people who are collecting government checks to be able to vote for more government so they get bigger checks and checks for a longer period of time and to make government bigger. It is the most massive conflict of interest ever. So im not saying anything bad here like the Founding Fathers want only people of property to vote. I dont agree. Everyone has a right to vote unless you are not can she put in to society. Win the day comes where you take and to give nothing, you will no longer be allowed to vote. When you get back off the welfare, you can vote tomorrow. Thats how you solve the problems of america. Commonsense from a bluecollar son of a butcher. Thank you ladies and gentlemen,. [applause] all right. We can have like half an hour jew and a. If you have any questions on this site, go and speak at that mike back. If youre in on the site, follow me. I have a question, a comment for you and the question. Brilliant. Truly brilliant. Empowering, inspiring. I wish we could clone you. We need more people who think like this. Honestly this is really pretty inspiring. Question, i think you missed someone. Which i think the snake as everything is the fed. What you exactly the point. What do you do with the fed . Let me finish. The fed has been since 1913, the dollar depreciated 94 . The fed made president , broke president s, was behind president s, was propping their campaigns, propaganda, et cetera. What do you do with it given we started limiting that plan, that drastic plan or program . What do you do, how do you do with the fed . Something you didnt raise. [inaudible] okay. [inaudible] id like to come out and speak to the people. Since the day we got the fed, whose only to have a job, responsibility is to protect the value of the dollar and ensure full employment. Since that day with that mass inflation, massive drop in the dollar and massive problems with unemployment. So i believe the fed is at the root of many if not most of our problems, ziad. I agree with you. I would audit the fed. The question is would you curtail the power of that or would you end of the fed or what exactly i would like to end the fed. Reality of course we would probably have to audit event and curtail the power of the fed. But the reason people are so scared in government and the fed is so scared of a Gold Standard is because the Gold Standard danger dollar has a certain value and you cant spend more than what youve got. So politicians cant stand the Gold Standard because it means you can do deficit spending. They are scared to death of the power of it and, of course, it leads to the fed being unemployed. You dont need that anymore if you have a Gold Standard. They are against it. Heres a number that will shock all of you. If you had 1 million in the 1913, if you read believe in the doll that injured 1 million kept it in your mattress until today, today would have the buying power of 20,000. Thats the exact number of about two months ago. When i finished my book i want to look up the exact number. If you had 1 million in gold in the 1913 and you kept it until today, its worth 62. 5 million. You have 20,000 versus 62 million plus. Thats the power of gold in your personal life and thats the power of the Gold Standard for the United States of america. One more question. I dont want to mobilize monopolize this. Every president for the last 100 years, dont they understand the basics . Why has the fed kept afloat all these years and increase with increased power, increased regulation . I dont understand. The only way you get elected and reelected is the power of the purse. They want to spend and spend and spend, which makes them seem more important which makes them more powerful which buys them your vote. If you dont believe me just look at the mississippi. Just three weeks ago i was in mississippi for a week campaigning for chris mcdaniel, the Tea Party Candidate who had a 10point lead over 36 years United States senator thad cochran. Thad cochrans people got desperate. They realized they could win in the republican primary so they decided the only way they could win was to cheat. So what did they do . They went to the dim craddock community and went to urban areas and they literally begged them to vote republican for the first time in their entire life in the republican primary even though most of them had already voted a month prior to the democratic primary and it is against the law to vote in both primaries in mississippi. They said dont worry, no one will know. No one is watching. Youve got to vote for thad cochran whos been in office for 36 years against this wayne root alone. This tea party gy chris mcdaniel. Why . Because he wants to cut spending. What thad cochran promises to keep the welfare checks coming, keep the footsteps coming, keep the unplumbed checks coming and to keep all the bacon coming from washington, d. C. For every employer in the area. And the election was won by democratic votes in a republican primary. Theres no hope for america at all if both parties act exact same way. At this moment its pretty clear they do. The way you get elected is by promising people three things. Free contraception, free obama phone, free everything, free health care. And you promise people free and some of them are just dumb enough and ignorant enough to vote for them. But there is no free lunch. My name is scott nelson. Doled out favors once they get elected. The columnist george will has referred to the Current Campaign finance laws as an incumbent protection regime. So do you agree with a recent Supreme Court decision, and did you think that eliminating the individual Campaign Contribution limit would be a structural reform that would resolve the problem that you are talking about . Would you like it if a politician gives you an honest answer . My honest answer is im divided on that question. I dont have a yes or a know. I a raging supported the ruling by the Supreme Court because i believe corporations have just as much rights as people to donate and to try and influence society and policies to go there with. Would. So i like the ruling at first. Now i agree with you that its gotten out of hand that you are seeing just dramatic multimillion dollar donations that kind of the average person on the street. But i personally think there are Better Things you can do than limiting peoples freedom to donate money. I think you are better off term limiting politicians. No politician should be in office 36 years. No politician should die in office. They have no right to run for election at the age of 76 after 36 years in office. The Founding Fathers said you were a citizen politician. You go, serve a term or two and you come home and go back to running your business. I believe term limits are more important than the amount of money. Once youre done with your term, and by the way, i think all politicians should be limited to two terms, one term in office and one term in prison. But once you are done [applause] once youve got the term limits in him which are done with office, the next thing that you can do after that is you can make sure they are barred from ever becoming a lobbyist. Thats a much worse problem. I think you can achieve libertarian ideals of freedom and allow corporations and people to donate any amount of money they want and yet also limit the corruption by saying im not going to get an 8 million a year lobbying job by voting for the Auto Industry. So instead they can freely conscious and vote against the bailout for the Auto Industry because it would have a chance at a job to be a lobbyist. No politician should it be allowed to take a job as a lobbyist. In case you didnt know theres a sliding scale, a United States congressman starts at 1 million a year as a lobbyist. Starts at 1 million. Could be much higher but thats the starting salary as a United States center starts at 3 million a year for being a lobbyist. Obviously three is starting. This is insanity. My answer to you is theres lots of things that we can do that curb corruption that dont necessarily curb free speech. I dont Like Corporation donating lots of money. I think it leads to corruption by in such a free speech guy and such a libertarian guide that i just dont feel like with the right to tell anyone how much they can write to a politician they favor. Thank you, wayne. Theres a short like one minute story before my question. In the late 70s when the comments took over afghanistan, it was being rolled by a board of about 20 people, and 15 of 16 of them had went to and become common as in colombia. At college. How did you avoid that fate . No surprise. You probably know what i think and that is allowed by classmates at columbia bragged openly when i went there, the class of 83, i was Barack Obamas classic by the way. A lot of classmates bragged openly about being tommys, radical, marxist and socialist. Right now where the president is very radical. We have an attorney general air cold and went to columbia as a radical. We have a mayor of york city who is very radical. Colombia is a hotbed of radicalism. No question about it. I have a hard time in a big all my classmates wound up in three professions, meaty, government and lawyers but it just me just three things running america, meaty, government and lawyers. There you have it. Im the Vice President of the Financial Policy Council. Thank you for coming here. I have a big question. The 140 the people who are depending on government, and that is the biggest problem we have, and power them to get out, entitled them to live respectfully rather than waiting for the government checks. What is your systemic plan to get them off the welfare . I did discuss it in my book in detail but i do want to spend too much time talking about of the get the book and youll find more details, but in general my idea was its crazy that we 149 people on welfare and intolerance of various kinds and would 92 million working age people not working and yet at the same time our government politicians on both sides of this issue, republicans and democrats, both want to legalize and give amnesty to millions of illegal aliens at a time where you are no job openings, folks. Theres no jobs or anyone currently not working. Why would you bring millions of more people who want a job and want to take it away for middleclass america. I would rather see us very carefully spent a lot of money, billions of dollars. Im a reasonable libertarian conservative. I would rather spend my money not on welfare but on job training. Id like to see all those people who were on entitlement have to work for a living. Make them go to work. Make every woman who has children that says i should stay home and take care of my children, no, you dont. For now on in return for your welfare check you will run a childcare center. The other nine out of 10 women who have children who collect welfare check their children be at your child care center. The others can go to work and youre running a childcare center. And then, how come youre not working construction . We have a problem with infrastructure. Bridges, highways are crumbling. Roads are crumbling. We dont need to spend a trillion dollars to fix it because all that money goes to hiring Union Employees that are getting grossly overpaid and expected giant pensions one day based on their salary. Thats how all the men on welfare to go build those bridges. They are already getting checks from us. I went jogging in washington, d. C. The other day. I went for my morning jog. I jogged by hundreds and hundreds of young men standing in the street at 1 00 in the afternoon playing cards, talking to each other, listening to rap music and watching soap operas on little tv screens. This is a disgrace. Does no one else see this . You cant allow somebody to collect welfare checks and that one in the afternoon be standing outside, sleep late and watch Oprah Winfrey and dr. Phil. You cant allow that. What does that say to the guy and gal he goes to work every day and worked three jobs and works their little butt off to afford their two children and not go on welfare . We are running this country have ass backwards. Got to change it. I have a question for you regarding the income tax holiday. I love the idea and lower income tax rates in general but id like to your thoughts on the fair tax as an alternative. I love the fair tax. Keep in mind i live in las vegas, nevada, and nevada have zero income tax and zero business tax but we have a sales tax. We get almost all the revenue from sales tax. Let me interject something else. We could not have a 0 income tax if we did not legalize and tax gambling, marijuana and prostitution. A United States of america better start legalizing sin and taxing the hell out of it and then the rest of us get to pay less. For those who are moral majority members, i have to consider myself fairly religious, fairly spiritual. Ive got to tell you something. I dont partake in those things for the most part at all, at all. But having said that, las vegas has more churches per square mile than any city in the United States of america. While the legal prostitution and illegal gambling and legal marijuana. Do you know what that proves . You can live your moral Spiritual Life and you leave alone the people who want to commit sin. You never have to meet them, never have to have fun with them, you dont have to prove what to do. But you get to pay less in taxes because they are doing their thing. American needs legal pot, legal gambling. I wont get into prostitution. We can debate that some other time the legal Online Gambling illegal pot would pay about 200 billion a year in taxes if the rest of us pay now, or pay down the debt for the United States of america. Either one, the public at the sites. Fair tax as well, let me get back, everybody. I think youre better off sticking with a flat tax because the problem i have with the fair tax, even though i love it, the problem is once you have a fair tax after first pass a constitutional commitment to eliminate the income tax. A very hard thing to do. If you do what i believe sometime in the near future they will go back to income tax angel both a sales tax a flat tax and income tax. I think it could lead to problems in the long run. If you ask me is that better than the Current System . Yes. Anything is better than the Current System. My name is erica dixon. Im a member of the board of directors for the Financial Policy Council. My question tonight in malls the issue of overregulation. Theres this emerging new technology called bitcoin. Its been growing and the Financial Markets for a couple of years. Everything was working fine and it was unregulated until about eight hours ago this morning at 11 a. M. The state of new york promulgated new proposed regulations that would basically drive the entire bitcoin industry out of new york state. Heres the problem. It is currency but when you really know the technology, its not currency. Its not coined the its really an information database. So as its defined, the regulations define bitcoin our Virtual Currency is anything that is a store of value, which means a database can then be taxed. If youre involved in creating a database, you would be subject to the regulation but if youre a new york person, a new york person is defined as anyone with any contact with the state of new york. Let me give you my answer, such a simple answer. Advice for everyone in the room. Moved to las vegas. New york is not long for people who make money. New york is a dying state. California is a dying state. They are dinosaurs. The death, the taxes, the regulation is impossible to start a business. Its impossible to survive. In the last four days ive done 40 interviews in four days to promote a book in both, and thats going back and forth to new york and washington, d. C. Exhausting. I tell people to go to my website, root for america. Com. You can find my email address. Strangers contact me. Id 1200 interviews a year. This is a bit much for me. But i do 20 or more every week, and strangers contact me every day by the dozen. They all have the same exact stories. Government regulation drove my business out of business. Lawyers suing me for incompetent, pathetic employees who never did anything. When i fired him a cd for Sexual Harassment even though i never looked at them. And just to win the case is settled out of course for 1000 even though i never touched them. Everyday i get new notes from people saying, government and lawyers drive me out of business, and regulations driving out of business. Almost every single note if some summit in new york or california. Its amazing. These two states dont like people who make money even though you pay their entire base. Without you they have nothing. They should love you. My grandfather was a nothing, nobody. Came here from germany was not a dollar in his pocket. He worked for 20 years on minimum wage as a butcher. Saved up enough money and opened up a butcher store. It turned into a widely successful butcher store. Never more than a Small Business with for employers and for butcher blocks but nonetheless, widely successful. He was a debate for me and my sister to go to Columbia University. So i owe my life to my grandfather, simon reese. He always taught me that the government is just bad news. It doesnt work. He told a story, a great story, he told the story at a butcher store an irs agent wha walked in wind and irs agents and can asked the question offthecuff . I swear to its offthecuff. No one will ever hear your answer. Ive got to ask a question. Within one square mile of your butcher store there are 300 businesses, and all 300 have been in business 20 years or longer, and all 300 report breaking even 30 years in a row. How could that be . Youre not laughing. Youre not in Small Business to do are not getting it. Because up until the 1980s nobody bought anything with credit card. They bought it with cash so tax rate didnt matter. The greatest lie you government told is that america wants had a higher tax rate than they have now. Never in history of america has america had a higher tax rate than they have now. Nobody ever paid rates of 80 or 90 or even 40 . They all earned cash in a Small Business and they told the government they broke even. They may use the money to send the kids to Columbia University. Isnt a good for society . Or they bought a new car. Or they bought a new house. Isnt that good for society . Or the expanded the business and hired new employees. Isnt that good . My grandfather told another story but like everything happening in america today. He said there are only two rules of business. Rule number one is the customer is always right. World number two is if the customer is wrong, refer back to rule number one. The customer is always number one, except with the irs and the u. S. Government. Where the more money you make, the more they spit in your face. They dont ask for your money. They demand your money. They audit you, they harass you, they havent you. When you give them large sums of money they dont even say please or thank you. It doesnt work like that in business. You would lose all your customers. You would go out of business if you treated a customer like a. Do you know what you do when you own a company . Im in Small Business to you are more of a big businessman and wall street. When you have employees are good you take them out to golf, you take them out to dinner at the best restaurant in new york. You give them giant bonuses. It to make 1 million a year and the brandnew employee makes 1 million a year, but this guys been around for 20 years and has always made you big money, you let him keep 60 , and you guys might only keep 40 commission. Thats how you reward successful people. The more they make, the more you give them. Only in the United States governments thinking, the more you make the more we demonize you. The more we punish you and the more we demoralize you. It makes no sense but they are not running a business and it doesnt work. But if i could change this whole country tomorrow, i would eliminate the iris completely. Fire every last one of them. Number two, whatever you may, the more you make, the real the more you keep. You want to incentivize people to create jobs, thats how you do it. Tell them the more than me, the more they can keep just like when i worked at vera lynch. Thats how you solve americas problems. But we are dealing with people in government who couldnt get a job in the private sector. They could never get hired. If they did they would be fired in two weeks. You wonder why the obama six the iris on me. I speak honestly to govern in place can work in the private sector. You either do or you cant. Thats what our country failing to i ask this question all over the world. I speak about branding from one end of this earth today of the. I was just in amsterdam and asked foreign audiences this question. Raise your hand if you think i am passionate and i energy. Raise your hand. Do i have a lot of energy . Now compare my energy to the employees of the department of Motor Vehicles employ. I get laughter in every country in the world. Do you know what that means . Small businessmen like a wakeup in the morning and we dont know how we are paying our mortgage this month. I dont know im going to pay for my time to go to harvard this month. I figured out a way and it always begins with being fast and decisive and working hard. Government employees dont have those issues. They have a job for life. They can never be fired. In many cases they can rape someone and they were still get their pension. In las vegas a fireman raped a little girl an underage girl, sentenced to 20 years in prison and is just in the newspaper the other day. Still getting 208,000 a year pension for the entire 20 years hes in prison. Folks, i have a penchant of zero. Ive never had a penchant in my life. Why are we getting pensions to government impose . If you work today, you get paid to do. When you retire you let social security. Thats the way to make america work. Everybody reads the papers, its exhilarating to somebody who can stand up and talk. I have another question by the way, no teleprompter. I am amazed. I massively amaze. You go to these dinners and if you want to social climb with a rich, you have to pay 1000 a year, somebody read a speech. You are worth millions of dollars from office big business youre talking. But my question now is, now we are told we believe, on one of your homeschoolers. Im learning along with your kids. How do we find you . Out to be locate you . How do we keep in touch . How do we keep getting your advice on destruction and construction where you see at . So you can at least open to our minds to start following your suggestions. We want to know you better spent thank you. Very sweet. God bless you. [applause] look. My book is the murder of the middle class but hopefully youll grab a copy at amazon or local bookstore. My website is root for america. Com. My email is wayne root at gmail. You cant miss that. If all goes well you might want to make a donation to me one day because im taking seriously about running against harry reid for United States senate in nevada. [applause] and i believe you have tomato a personal check. It cannot be a business check. Am i correct . Yeah, personal check, correct. My good friend Dinesh Dsouza found out about breaking finance campaign laws. We dont do that. From what you said i live in new jersey. Can you come and work in new jersey . Come to las vegas. Ina supply chain Financial Policy Council meeting. Having said that, i meant eternal optimist. I like every word what you said today. Lots of stuff. We probably need to digest and see how it can be made to work. Let me go back to my roots. Fundamental question. A little bit of a presumption. I was told i was not in the 1 . Lets consider 2 in 98 . Assuming a 100 works. Need to make changes the way you are talking about. How do you make the 2 work against the 98 . [inaudible] im saying 2 believe in your philosophy because i am assuming of the capitalists, all the rich guys believe in what you said. I think all this comes down to the following added to want to make a Campaign Pitch for the Republican Party. I really dont but i am a republican. I wrote in my book philosophies for the Republican Party. To effect change of to get elected or by the like it or not, politics is show business and politics is sales at its finest. I believe the greatest salesman our lifetime was ronald reagan. I was a second grade salesman of our lifetime was barack obama. Please got to be a great salesman. Barack obama reminds me of george mcgovern, they both have the same velocity. Socialist, far left radical. Mcgovern was a lousy salesman. He lost in a landslide. Obama took the same velocity and one to elections. He is a great salesman. Ronald reagan took the philosophy of one of my heroes, barry goldwater, who was a lousy salesman put a great ideas. Dairy goldwater lost by a landslide. Reagan took the same velocity, only 16 years later and he won into landslide. What that proves is you need to develop candidates have great sales pitches and i do so, the knowhow into thinking they know how to tell good jokes. Youve got to have a routine to be elected. Poll after poll shows the American People dont like obamas policies but they like obama. Thats what saved him so far. He has a wife, two kids. He has a dog. He smiles, he laughs. He shakes hands. Heres a stat that will blow you away from my book. Who ever smiles the most has won every president ial election since 1960. How about that one . Every single election. If you think that is a uniquely american thing, its not. I got studies in the book that in both australia i think its malaysia or thailand, whichever politician spouse the most wins 80 of all elections. Its an amazing stat and these are scientists recruited. I dont think it is anything to do with smiley. This monitor i think its that it ever smiles the most has a great personality. Its not smiling, his personality. Ronald reagan had a rate personnel. Rock obama has a nice personality. So you need a good person to sell communism. He stunned. He has made communism coal. He is people believing it is not communism. It is but thats another story. That in the end, to answer your question, anything can be sold. I want to sell people that conservative, fiscal, economic ideas are not for the 1 . They are for the 99 who were have a hope of joining the 1 . They are for your kids and grandkids. One of the reasons the 90 doesnt buy into all of this is because its too late for them. They are 60, schoolteacher and the make 20,000 a year. 60, a Government Employee, they make 50,000 a year. They go i dont have to listen to his velocity. Im not going to change tomorrow i become donald trump. You have to give people hope they can be the. My answer isnt and get them. Its aimed at their children and grandchildren because Everyone Wants their kids and grandchildren to do better than them. I dont think a teacher watch the kids to be teacher. I think their teacher wants to give you whatever they want to be but hopefully it might be a wall street guy that makes 1 million a year. I dont think a cop wants to get in s. O. B. Account. I think they want their kids to go to Columbia University and do better than the father. I think every little class that wants their kids to be filthy rich. They know thats a great thing. When theyre old enough, take care of them. I think you can sell my philosophy. It can be sold. It can be taught. I saw a study just the other day. Young people voted overwhelmingly for obama but then the asked them, what do you believe in . Almost all young people, a giant majority are fiscally conservative and socially liberal. Which is what i am. So if the Republican Party would move away from the idiotic notions about women and Birth Control and abortion and gay marriage and stem cells and stick to economics and give People Freedom in the boardroom and the bedroom, it would be the dominant party in this country. Young people get it. You just have to stop telling them you control the room. Thats all. My name is karl schlegel. The question i have regards accountability, and you were saying before someone in the private sector has a certain Job Description to a high to do a job. If you dont do the job they are far to if youre in the government, you dont do the job, you just move into another division. Plus i learned in college that there are games played with the budget. Youve got a certain amount of budget and you only use 70 of it, you better figure out how to spend it next week in order to get that bored something i. What do you propose for increasing accountability . Do you think they should go so far that they can shaping taxpayers should be able to score the government and the Government Employees and the politicians to hold them accountable in such a we . I have a whole bunch of ideas in the book. Off the top of my head, i propose every bill that is proposed in front of the United States senate and house, every single bill should be scored i the cbo before they ever vote. That almost never happens. In other words, a competent feels free to votes for a bill that every congressman should know their voting on a bill that will cost 209. So you need to see the feasibility of the money youre spending and how its going to affect your constituents. The people need to see the exact same thing. Pure accountability to let it be posted for a month before you can vote. Thats one example of a countably. A second one that i think holds people accountable. They are not accountable as they are in washington and georgia. That makes no sense because i wouldnt care about you if i was 3000 miles away either. Human nature. I dont tell the much other than when im on a speech. I dont know what to south africa and amsterdam. It gave me a lot of money and i got o on the plane and they went because they paid me a lot of money. I do conference on tv, i dont on skype, conference, meetings and Conference Calls and skype. You dont need to be in washington. I think all congressmen and senators should conduct business on office in the district. Instead spent all the time meeting with lobbyists in washington they would spend all day meeting with constituents were knocking on the door who live right there with them. Then when congress meets commit needs on the tv and theyre all on closedcircuit television. I want to bring everybody closer to the people. Thats the way the Founding Fathers wanted it. Thats why this country is getting away from us. Getting out of hand. Scary stuff. I want to bring up, i its nice and kind of, want to bring up to employees because thats a huge issue that nobodys getting with. Can you imagine if every Small Businessman or woman retired with a five to 10 million golden parachute. I dont know any Small Businessmen or women who own like one rest on our one pet store or one bark every time with 10 million. But i know a lot of Government Employees to retire with 10 million. You say you are crazy. Government employees to retire with 10 million. Yes, they do every single day. They dont get 10 million up front. They get 200,000 a year for the next 50 years if you live to 100 to retire at the age of 50. Thats pure insanity and bankruptcy for america and the taxpayers, and its got to stop. They shouldnt do that. Who gets a pension of 200,000 a year for not working. If you apply that philosophy to the private sector, can you imagine every time you walk to the pizzeria think i would say that will be 800, please. You would have to pay for everyone who worked there 40 years ago. How suicidal is that . In las vegas the average fireman i love firemen, the average fireman makes 199,000 a year in las vegas. Is that amazing . Keep in mind these are not the captains, the chief. The average fireman on the rig coming to knock your window down when theres smoke is getting 199,000 a year. There are five captains, accountability in nevada, they print the sellers of every Government Employee to do our five captains and please captains who make four, five, 600,000 per year. Insanity. So folks, it wont work longterm. One more question. Last question. You win the prize. Last question. It better be a good one. By putting pressure on your. So question one, what in your view is an ideal Health Care Policy . And question two, what is your take on quantitative easing . To easy questions. To great question. Im glad you asked the its almost i ask you to asked me to quantitative easing is simple. Its the fed program that allows wall street to get rich while the rest is going to debt. Thats the problem with quantitative easing. I love wall street ago the industry were part of wall street, you are great. I love you. As long as you are not ask me to pay for you getting rich. As long as youre not asking me to pay for your kids to go to harvard. Ive got enough trouble paying for my own daughter to go to harvard. I dont need to pay for yours so i can ask the fed to print money you can get rich and fixed the stock market and turn it into a rigged crap again . Thats what it is. You all know that. It is a rigged crap game, with to make it go up and up and up, and the worst Economic Statistics are, the more it goes up because that means the fed has to spend more money. Its amazing. Quantitative easing is a ripoff of the middleclass and the murder of the middleclass. Health care, im for health freedom. I do want government involved. Did you know before obamacare the two most expensive states for Health Insurance were new york and new jersey. My friend from new jersey. Why . They lead the country in government regulation of Health Insurance. Whatever government touches turns to crap. Its no good. So i dont want them and healthy. I want to make it 100 tax deductible, every time you spend, i want you to buy policies over state lines so if i find a better cheaper policy in an sure i could bite in arizona. I want to make sure most people have just a simple cheap policy. Im the exact opposite of obama. Did anyone see the exact the seinfeld of us were Jason Alexander becomes george steinfelds right hand man and he gets before them. Seinfeld says you are the biggest loser in order how do you turn your life around . He said so the. I realize im the bigges biggesr and now i do the opposite of every single font. The only way to save american is whatever is being done by the government now, do the opposite. If they want more government and health care, i want no government in health care. I want john mack in charge, the founder of whole foods. I want tax deductible for Healthy Foods and vitamins and gym. And i will most important the one thing left out of obamacare, tort reform. The problem is lawyers. Get them out. [applause] thank you, everyone. Thank you for inviting. Its been a pleasure. [applause] you are watching the tv on cspan2 with top nonfiction books and authors every weekend. Booktv, television for serious readers your. Cspan2 providing live coverage of the u. S. Senate floor proceedings and key Public Policy events. And every weekend booktv, now for 15 years the only Television Network devoted to nonfiction books and authors. Cspan2, created by the cable tv industry in prague as a Public Service by your local cable or satellite provider. Watch us in hd, like us on facebook and follow us on twitter. With the wearable technology, first f all, is this on the market . Guest thank you, p