On the recordDecember 1, 2010
They're exactly wrong. They've got it upside down, just as they have it upside down the American Dream is to make people that are poorer richer, not richer people make them poorer. They've got it exactly reversed. If you want jobs, you don't have an employer. It's kind of a basic thing. I very much appreciate your perspective; and what you're saying is, absolutely, you can prove it by taking a look at the economics. But when I first heard that, I was kind of scratching my head. I'm not a wizard at economics but I'm an engineer, and I was trying to say, now, wait a minute, you're telling me that if the Federal Government reduces taxes, they're going to take in more money? That sounds like making water run uphill, you know. And so I started to think about it, and actually it makes a whole lot of sense. But here's the way it seems to work to me. Let's say that Congressman Scalise is king for the year, and your job is to raise revenue for your government and the only thing you can do is tax bread. And so you start rolling this around in your mind, and you say I could put a penny tax on a loaf of bread, or I could put $10 on a loaf of bread. You think, a penny, nobody'd notice it, but I'd have to sell a lot of bread in order to make very much money; but if I did $10 a loaf, wow, wouldn't take too many loaves. I'd get a lot of money. Well, on the other hand, nobody would buy the bread.
