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Not, that is off limits to people like us because we don t make enough money. there s the whole, not just a world view, there is that, but an industry devoted to helping, to tax avoidance and to avail yourself of all of that. we re having a national kind of teach-in on how the tax code has privileged the ultrawealthy with this man. i want to bring in quickly, steven moore, former president of club for growth. it s great to have you, steven, thank you so much. good morning. we talk about the tax avoidance industry, things like incorporating the caymans or bermuda or corporations that are called tax blockers that you set up so you can move assets through. do you think there s anything morally questionable in engaging in that kind of behavior. just matter of first principals before we get into the details. as long as it s not illegal. i don t think anyone is making the allegation that mitt romney ....
Strategy, is that just a squarely praise worthy thing? you know, i hate the tax code. i m a flat tax guy. literally, chris, i think we should get rid of every single deduction and loophole and tax carve out in the system. i think incredibly simple. no tax dodges and i think everybody should pay 19% and we should be done with it. i ve been advocating that for 25 years. everything you have been saying for the last half hour is one of the strongest cases for the but if you got rid of all of that, there is just no way that you still wouldn t have tax blockers in the cayman islands. that s not true. steven, i have news for you, if you have $250 million in assets, you ll find ways the legal loopholes to get away. you know what, chris, actually, when we cut tax rates in 1986, the last great bipartisan act that congress has passed in a long, long time, taxable income went way, way up. when you got rid of loopholes and you brought tax rates down, ....