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Unidentified Speaker, -
INCLUDING HEALTH CARE, EDUCATION, BUSINESS, AND THE TAX SYSTEM. DAVID CAY JOHNSTON DISCUSSES HIS BOOK WITH MAYA MACGUINEAS, PRESIDENT OF THE COMMITTEE...
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| 00:01:00 |
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ALL SORTS OF A SIMPLE SWITCH LIKE TO GO OVER A LOT OF THEM. I WONDER IF YOU COULD GIVE US THE BACKGROUND OF THE ECONOMIC YOU TALK ABOUT IN THE BOOK...
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| 00:01:35 |
Guest, -
THAT, BANKRUPTCIES, LOTS OF FRINGE BENEFITS, HEALTH CARE PLANS THINGS LIKE THAT. THAT'S A GOOD QUESTION, I SHOULD LOOK INTO THAT. SO I LOOKED AT BOTH...
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| 00:03:02 |
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AN AREA THERE'S PLENTY TO LOOK AT. >> Guest: THE THING IS, MAYA, THE POLITICIANS SAY ABOVE THE TAX SYSTEM HAS LITTLE TO DO WITH HOW OPERATES. WHAT THEY...
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| 00:03:27 |
Guest, -
PROBABLY MORE IMPORTANT THAN THE ECONOMICS. CERTAINLY READING THIS BOOK TO COME AWAY THINKING ECONOMICS IS BARELY A PLAY. ALLOW YOU TO TAKE US THROUGH...
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| 00:03:43 |
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ASKED THE QUESTION ARE YOU BETTER OFF THAN YOU WERE FOUR YEARS AGO AND AMERICANS SAID NO. THEY ELECTED MR. REAGAN IN OFFICE AND SET IN MOTION A VARIETY...
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| 00:04:02 |
Guest, -
TAXES. WELL, I'M HERE ASKING THE QUESTION IN 2008, 28 YEARS LATER ARE YOU BETTER OFF THEY WERE IN 1980? FROM THE NUMBERS I MENTIONED EARLIER AS A NATION,...
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| 00:06:01 |
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THAT MUCH, MORE THAN 2.5 BILLION. THE GROWTH OF THE LOBBYING INDUSTRY, WHAT HAS ALLOWED THAT TO HAPPEN? >> Guest: IT IS MUCH EASIER FROM THE TREASURY...
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| 00:06:29 |
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ONE REGULATION NOBODY READS IN THE THOUSANDS AND THOUSANDS OF PAGES PUBLISHED BY THE FEDERAL GOVERNMENT PRETTY AND YOU CAN GAIN ADVANTAGE AGAINST A...
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| 00:07:26 |
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LIVING, I DON'T THINK MOST PEOPLE HAVE A CLUE. NEWSPAPERS ARE FULL OF STORIES ABOUT THIS WONDERFUL NEW THING, IT'S GOING TO BRING AS A NEW SHOPPING MALL...
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| 00:07:38 |
Guest, -
OR TARGET. IT MEANS IS THE TAX IS YOUR FORCED TO PAY AT THE CASH REGISTER BY LAW NEVER GETS TO GOVERNMENT. INSTEAD, IT IS KEPT BY THE OWNERS OF THE...
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| 00:10:19 |
Unidentified Speaker, -
AS SUBSIDIES, TAX PAYERS WILL HAVE TO PAY MORE FOR THOSE THINGS SOMEWHERE ELSE OR WE WILL HAVE TO BORROW WHICH IS WHAT OUR FEDERAL STATE AND GOVERNMENT...
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| 00:11:06 |
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DRAW BUSINESS TO A PARTICULAR LOCATION. IF YOU BUILD A SHOPPING CENTER IT WILL JOBLESSNESS TO THAT LOCATION BUT IT MEANS THE BUSINESS HAS LOST OTHER...
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| 00:11:59 |
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WOULDN'T THINK IF THEY ARE TOO FARE IF THEY UNDERSTOOD THEM. A >> Guest:, WHILE THE OWNERS OF THE BIG SPORTS TEAM, BASEBALL, FOOTBALL, BASKETBALL,...
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| 00:12:23 |
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FOOTBALL TEAM LOS ANGELES AND THE OWNERS OF THE TEAMS IN THE CITIES CAN GO TO THE FATHERS AND SABLE, WE WANT THE FOLLOWING THE DEAL. WE WANT TO WONDERED...
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| 00:16:28 |
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PROCESS? WHAT I WOULD LOVE TO KNOW IS A LITTLE BIT MORE HAVE A JOURNALIST GOES THROUGH ONE OF THESE BOOKS WHERE YOU BRING TO LIGHT A LOT OF THINGS PEOPLE...
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| 00:17:01 |
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REPORT TO CONGRESS AND INSPECTOR GENERAL REPORTS, ALL SORTS OF DOCUMENTATION. BECAUSE YOU CAN'T RUN AN ENTERPRISE WITHOUT AN ENORMOUS AMOUNT OF PAPERWORK....
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| 00:18:17 |
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POLICY BOOKS. I GET PAID TO READ THEM OTHERWISE I WOULDN'T READ THEM. PEOPLE IN THIS BOOK WERE EASY TO FIND. THE HARDEST PART OF THE BOOK WAS FINDING...
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| 00:18:36 |
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IN TOLEDO, OHIO AND THEY WERE TAXED ABOVE THE CHRYSLER CORPORATION CAME TO REALIZE THAT THE CITY CAN DO THAT IT CAN TAX US THE BENEFIT OF COMPETING...
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| 00:19:30 |
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AND SO, MEMBERS OF CONGRESS ARE OUT THERE COMPETING TO GET MONEY FOR THINGS OF THEIR DISTRICT. THE PROBLEM IS IT'S JUST GROWN COMPLETELY OUT OF HAND...
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| 00:19:47 |
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WOULD HAVE LED TO HUGE DEVELOPMENT OF THAT ISLAND, THE COST WAS JUST UNBELIEVABLE, ONE-THIRD OF $1 BILLION. AND WHO WERE THE BENEFICIARIES OF THIS GOING...
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| 00:20:47 |
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GEORGE AND ENGLAND TO TELL US HOW TO RUN OUR LIVES. WE COULD DO JUST FINE ON OUR OWN AND WEEKS OF ENORMOUS PROBLEMS IN THIS COUNTRY OVER THE YEARS WE...
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| 00:20:56 |
Guest, -
SLAVERY. SOMEHOW WOMEN COPYRIGHT TO VOTE. WE HAVE WALLS TO PROTECT US FROM UNSAFE FOOD, TO DO ALL SORTS OF THINGS AND HAVE MADE SOCIETY FLOURISH AND...
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| 00:22:17 |
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DO. >> Guest: WELL, I'M AN OPTIMIST. I WOULDN'T HAVE ANY CHILDREN OF THE BUZZ AT AN OPTIMISTIC READ AND I THINK A LOT ABOUT GRANDCHILDREN AND GREAT-GRANDCHILDREN...
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| 00:22:38 |
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GOVERNMENT IS NOT ENTER CONNECTED WITH THEIR LIVES IT IS CLEAR THE GOVERNMENT SETS THE RULES. AND TO THE EXTENT THAT PEOPLE HAVE TURNED AWAY FROM THAT...
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| 00:23:51 |
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FROM ONE GENERATION TO THE NEXT? >> I THINK WE ARE RAPIDLY MOVING AWAY FROM BEING AN MERITOCRACY. WHEN I WAS A YOUNG MAN I WAS ABLE TO GO TO COLLEGE...
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| 00:24:14 |
Unidentified Speaker, -
THE BOTTOM HALF OF TAX PAYERS IS $15,000, EVEN THE AVERAGE INCOME OF TYPICAL FAMILIES, 55, 50, $55,000 MAKES A $10,000 EXPENDITURE DIFFICULT ESPECIALLY...
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| 00:25:22 |
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UNRELATED, THE SUBSIDIES AND THE FACTORS INFLATION IN THE HEALTH CARE, EXCUSE ME, EDUCATION FIELD THAT SURPASSES ECONOMY? >> Guest: IN THE AREA OF ...
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| 00:25:52 |
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AND TO DROP OUT ALONG THE WAY BECAUSE THE CAN'T AFFORD TO DO IT. AND THAT IMPOSES ENORMOUS COSTS PREVENT THEN WE HAVE THESE LONG MECHANISMS WHERE THE...
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| 00:27:55 |
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SOCIAL POLICY. WE LIVE IN A MUCH MORE COMPLICATED WORLD THAN WHEN YOU OR I WERE BORN OR FOR MY PARENTS WERE BORN IN THE BEGINNING OF THE LAST CENTURY....
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| 00:28:14 |
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ARE PUTTING BARRIERS IN THEIR WAY. WHY? WELL, BY CUTTING STATE SCHOOLS ABLE TO LOWER TAXES ON THE PEOPLE IN THE STATE, THEY ARE THE POLITICAL DONOR...
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| 00:28:59 |
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CAY JOHNSTON AND MAYA MACGUINEAS IN JUST A MINUTE. >> BOOKTV REMEMBERS WILLIAM F. BUCKLEY,
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| 00:29:10 |
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JR. WHO SUFFERED EMPHYSEMA AND DIABETES AND PASSED AWAY THIS PAST WEDNESDAY AT THE AGE OF 82. POLITICAL PUNDIT AND FOUNDER OF THE NATIONAL REVIEW HE...
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| 00:29:29 |
Unidentified Speaker, -
HIS BOOK, MILES GONE BY, LITERARY BIOGRAPHY. YOU CAN ALSO GO TO BOOKTV.ORG TO WATCH THE END UP INTERVIEW WITH MR. BUCKLEY FROM APRIL, 2000. WILLIAM...
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| 00:30:13 |
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THE CONVERSATION A LITTLE BIT TO HOW THIS REFLECTS HOW MUCH GOVERNMENT AND OUR PUBLIC POLICIES ARE
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| 00:30:20 |
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FOCUSED ON THE SHORT TERM AND A LOT OF KIND OF POLITICAL FAVORITISM AS A RESULT I SEE A BUDGET THAT OVER FAVORS CONSUMPTION AND HANDOUTS AND IF IT...
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| 00:31:13 |
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A YEAR ON COMMERCIAL BALLPARKS. WHILE WE ARE STARTING OUR PUBLIC PARKS. PUBLIC PARKS OF ROUGHLY THE SAME PERSONNEL FOR THE POPULATION. THEY HAD 30 YEARS...
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| 00:33:59 |
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AND HE LOOKS AND THE ALARM GOES OFF AND SUDDENLY THE VOICE COMES UP AND SAYS THE POLICE ARE ON THEIR WAY. WELL THAT'S A STORY OF SUBSIDY. THE BOARD WE'RE...
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| 00:34:13 |
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MONTH TO MONITOR THEIR ALARM WHICH MEANS IF THE ALARM WAS TRIPPED IT SENDS A SIGNAL TO THE COMPUTER AT THE MONITORING STATION AND A TECHNICIAN THEIR...
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| 00:37:17 |
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BEING OFFERED THE OPPORTUNITY TO CASH IN AND CONTINUE TO WORK THE SAME FIELD FOR THE SALARY AT TAKE UP THE MONEY THEY HAVE BY THE COMPANY'S ENROLLING...
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| 00:37:28 |
Guest, -
OF THE VERY BIG OPERATORS WHO ARE MUCH MORE EFFICIENT THAN THE SMALL ONES. AS IS OFTEN THE CASE OF ANY KIND OF ELECTRONIC TECHNOLOGY. >> Host: INTERESTING,...
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| 00:37:58 |
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PIECES AND HEALTH CARE CHAPTER >> Guest: ACCORDING TO THE CIA WHICH I THINK IS THE PRO AMERICAN STORES, THEY DO LOTS OF STUDIES. THE CIA EXAM AND THE...
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| 00:38:23 |
Guest, -
MOST EXPENSIVE HEALTH CARE SYSTEM AND THE WORLD. WE PAY SIGNIFICANTLY MORE THAN THE EUROPEANS, CANADIANS, JAPANESE, NEW ZEALAND AND AUSTRALIAN AND YET...
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| 00:45:31 |
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DOESN'T STOP, THE LOS SOLUTIONS IS A LOT MORE CHALLENGING. WE OF A PROGRAM IN THE AMERICAN FOUNDATION WHERE THE PROGRAM IS FOCUSED ON HOW IT PROVIDES...
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| 00:46:24 |
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AS A SOCIETY TO GET LESS CARE. WE ARE PAYING MORE MONEY BY FAR THAN ANYONE IN THE WORLD AND STILL HAVE SEVERAL PEOPLE NOT COVERED. MY CONCERNS ARE PRACTICAL...
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| 00:49:00 |
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TO EAT. HE'D EAT WHENEVER DHABI WERE WORKING. YOU STILL BUY YOUR FOOD AND HAVE YOUR HOME. >> Guest: WE GET -- YOU WOULD HIRE AND THE INSURANCE WOULD...
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| 00:49:33 |
Guest, -
OF FOR PEOPLE TO REALIZE THIS IS A DUMB SYSTEM. WE HAVE AN INEFFICIENT SYSTEM. WE NEED TO HAVE ONE THAT IS EFFICIENT, EFFECTIVE AND LOW-COST. >> Host:...
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| 00:50:06 |
Host, -
AND CONSERVATIVES HAPPENS TO BE HOW PROGRESS OF THE GOVERNMENT SHOULD BE IN THEIR MINDS THERE ARE BIG DIFFERENCES BUT VERY FEW PEOPLE THINK THAT THE...
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| 00:50:41 |
Guest, -
TO SUBSIDIZE EDUCATION FIRST THE NEW SUBSIDIZE BASIC RESEARCH. TO SUBSIDIZE RESEARCH AND DEVELOPMENT AND MAYBE YOU SUBSIDIZE NEW DEVELOPMENT. CANALS,...
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| 00:53:42 |
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THIS. >> Guest: I WILL GIVE TO THE EXTREME EXAMPLE AND I HAD KNOWLEDGE THIS AS THE EXTREME EXAMPLE. FOR EVERY DOLLAR PEOPLE LIKE $10,000 OR LESS, PEOPLE...
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| 00:54:04 |
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VERY SUBSTANTIAL THAT THE BENEFIT GOES TO THE TOP. THIS SUBSIDY RAISES THE PRICE OF HOMES, THE NATIONAL ASSOCIATION OF REALTORS SAYS IT RAISES THE PRICE...
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| 00:56:08 |
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EQUITY TO THEIR HOME SINCE 1980. THEY'VE TAKEN ON $2 OF DEBT. THAT IS NOT A FORM OF GETTING RICH, THAT'S A FORMULA FOR GETTING BROKER. >> Host: YOU TALK...
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| 00:56:22 |
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HOUSEHOLDS. >> Guest: ONE IN 10 OF HOUSEHOLDS FILE BANKRUPTCY. >> Host: ANYONE TALKING ABOUT A MORTGAGE ARE COURAGEOUS AND ONE OF THE BIGGEST ROLES IS...
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| 00:56:37 |
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BIG, BIG LOBBYING THE BRIDGE IS PUSHING HARD FOR THIS TAX BREAK, NOT A LOT PUSHING BACK. >> Guest: THIS
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| 00:56:44 |
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535 SENATORS AND CONGRESSMEN BUT THERE ARE 35,000 REGISTERED LOBBYISTS HERE IN WASHINGTON,
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| 00:56:48 |
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THE DOUBLE THE NUMBER THERE WERE IN 2000. >> Host: MANY OF THOSE WILL WANT TO BE LOBBYISTS AT SOME POINT PREDICTS A LUCRATIVE CAREER. A FEW MORE MINUTES...
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| 00:57:04 |
Guest, -
THE BOOK AND PEOPLE CAN GO AND LEARN ABOUT THE BOOK AND PURCHASE THE BOOK WHAT I RECOMMEND A THREE WITH A FEW MINUTES LEFT WOULD BE
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| 00:57:11 |
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A DO ABOUT THIS? HOW DO MAKE THE SYSTEM BETTER? >> Guest: WE CAN SOLVE ANY PROBLEM WITH THE FREE SOCIETY. ALL WE HAVE TO DO IS DECIDE WHAT TO SOLVE...
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| 00:57:39 |
Guest, -
YOU'RE A CONSTITUENTS ARE THE DONORS, NOT THE VOTERS BECAUSE YOU CAN BE SAFELY BE ELECTED MATTER WHAT. AND WE ALLOW CONGRESS, LEGALIZED BRIBERY WHERE...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.