Republican level wyk lowell wyker. He was a United Church of christ minister. It looks good. This is joe duffey. He is a minister and running for the democratic nomination. Duffey is one of several contenders, the only liberal. Why are these people trying to subvert our country . I am proud to say i am american and this is my flag. I will die for it. [sounds of motorcycles] [band music playing] freedom [applause] joe duffey has come out of nowhere. We are in good shape. It will be a whole new game. Later against enormous odds, he will win a place in the primary, win the primary, and then lose in the general election. I think there is a reaction. Joe duffey is one of my oldest and closest friends. We have worked together on a lot of things. After the 1968 Democratic Convention in chicago, we talked about trying to turn politics back to the people. Whether it was possible any longer, whether the established parties would ever get around to ending the vietnam war and then we talked about
Your apples are ripe. It is time to harvest them. What is the best way to harvest those apples . Do you pick them from the tree or do you chop down the tree . Apples are income. The trees are capital. The reason we want a socalled, consumptionbased tax because we dont want to mistreat capital. But to understand why it is so foolish, dont think about marxism, socialism, free market theories think about it this way, if you chop down the tree or more accurately what the current tax system does if you harvest apples by sawing off branches of the tree, what does that do for your longrun prosperity, your longrun income . You obviously will have fewer apples next year. It doesnt make sense to quadruple and triple tax capital. On this issue marxists and socialists are right they agree with sensible economist. You need capital for long run growth. We should have a tax system treats all income equally. No longer tax income saved and invested. You want neutrality in getting rid of all the loophol
In the 1940s and putting together the concept of income we now use today under the income tax they were neglecting the adverse effect on the labor force and it wasnt unknown. The godfather of the income tax henry simons and one of the two leading godfathers admitted that it would damage the economy and his current disciples dont want you to remember that or theyve forgotten it. Heres what simons said about Income Taxation. Income taxation is broadly an instrument of economic control. A means of mitigating economic inequality which well assume that moderation of inequality is an important objective of approximately see and perceived income tax is devices for effecting it. The case for drastic progression in taxation must be rested on the case of inequality on the ethical or aesthetic judgment that the prevailing distribution of wealth and income reveals a degree and or kind of inequality which is distinctly evil or unlovely. Not particularly scientific. In fact, it is reasonable to expe
Calls and reflections on the life and legacy of senator, astronaut john glenn. You can share your comments on our twitter page or join us on facebook. Ood friday morning to you the senate is in session trying to wrap up a cr to keep the government and operation through the end of april. The house did its part with a debate over how scared and if over how health care an American Hero, a combat pilot fighter who made history by rocketing into the future as the pioneer of space travel. The story this morning from his hometown newspaper in columbus, ohio. We will have more from the Columbus Dispatch. You can log on to the website including the life and career of john glenn. Services will take place in ohio and he will be interred at Arlington National cemetery. Remembering the life of john glenn. Here from universal news, which is called a space triumph back in 1952. Which was called a space triumph back in 1952. Five hours before he is to make a strident into history, his smiley face beli
Pensions committee the topics include School Choice, vouchers, Student Loan Debt and Education Program funding. This is three and a half hours. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the hearing of the Health Education labor and Pensions Committee will come to order. This hearing today is to consider the nomination of betsy devos the United States secretary of education. Senator murray and i will make an Opening Statement. I will introduce the nominee. We welcome senator scott a member of this committee senator lieberman a distinguished former member of this body who will make introductory remarks and following the nominees comments we will have a fiveminute round of questions. One note we have capital officers here today who will remove anyone who attempts to disrupt