Transcript · English
English transcript
level ongoing taxpayer. No, you should own your property free and clear. I
think to say that someone that's been in their house for 35 years just has to
keep ponying up money. Um, you know, that is not you don't own your home if
that's if that's the case. So, yes, of course, I'd like to see people be able
to owe free and clear. And it's interesting because it's like you, you
know, if I go to Best Buy and buy a flat screen TV and put it on the wall,
I gotta pay a sales tax on it, right? But I don't keep paying tax on it
every year. I mean, it's just not. That's not how we do things. It's like,
okay, if you're gonna tax something, you tax it at the transaction and then
let people actually enjoy their free, their private property free and clear
of the government. So that I think is the vision. That's the philosophical
insight. And if you think about our founding fathers when they were
proposing the Constitution in one of the federalist papers, I think it was
Hamilton. He's writing about because, you know, there was opposition of the
Constitution. They were making a more powerful federal government than under
the Articles of Confederation and people worried about taxation. And they
didn't have, obviously, a 16th Amendment, which eventually came on
income tax. But basically, you were not effectively allowed to do any direct
taxation. It had to be indirect, meaning you couldn't just I mean, you
could theoretically just apply like a tax on land federally, but it have to be
a portion among the states. So practically, it could never work. So
basically, Hamilton saying, look, the indirect taxes are the most effective,
efficient way to raise revenue for the government, because they basically
allow the individual to choose how much tax they want to pay based on how much
they're consuming. And there's a security, there's a protection against
excessive tax in that regard. Because if the government raises consumption tax
too much, it kills the golden goose, because then it causes people to stop
stop purchasing as much. But he said taxing property is one of the worst
forms of taxation, because people don't have a choice in the matter. And you're
just basically drilling these folks over and over again on tax. And so it's
um, yeah, it's an issue that I think has pinched a lot of people. But
philosophically, it was not the way that that the federal government was
constructed. Now, I understand local, there was a history of it. And that's
kind of been kind of been the norm. But man, I mean, you talk about family of
four having the median home price that is purchased in Florida, you know,
that's a pretty hefty tax bill right there. When you come in after buying up
buying a home, when you consider what the average income is throughout the
United States of America, the math doesn't, it just doesn't add up. And I
think that's why people want relief.
End of transcript · 520 words