Ron Johnson

One principle that we should abide by is wherewithal to pay. So, trying to tax unrealizable capital gains would be disastrous.

I call it a true Warren Buffett tax. Tax all business income at the ownership level.

It's way too complex, right? So, when you have something really complex, that's something that can be taken advantage of, correct?

We just put this chart up here. This is what Senator Grassley was talking about. I mean, this is the futility of trying to punish individuals, you know, trying to punish their success.

We do a terrible job social and economically engineering through the tax code. So, stop doing it.

Trying to tax unrealizable capital gains would be disastrous.

It's way too complex, right? So, when you have something really complex, that's something that can be taken advantage of, correct?

Let's simplify this thing. Let's rationalize this.

This is the futility of trying to punish individuals, you know, trying to punish their success. It just doesn't work.

Use the tax code to collect the revenue the government needs as simply and fairly as possible.

One principle that we should abide by is wherewithal to pay.

Here was my proposal in 2017-2018. I call it a true Warren Buffett tax. Tax all business income at the ownership level.

It ends up being incredibly complex.

One quick comment, closing comment is this hearing ought to be called Riskier Business, How Massive Deficit Spending Which Caused Inflation is Challenging the Insurance Markets.

We've already spent $5 to $6 trillion, that's $5,000 to $6,000 billion, trying to mitigate climate change, and we haven't made a dent in it.

One quick comment, closing comment is this hearing ought to be called Riskier Business, How Massive Deficit Spending Which Caused Inflation is Challenging the Insurance Markets.

We've already spent $5 to $6 trillion, that's $5,000 to $6,000 billion, trying to mitigate climate change, and we haven't made a dent in it.

Fixing climate change isn't the solution.

One quick comment, closing comment is this hearing ought to be called Riskier Business, How Massive Deficit Spending Which Caused Inflation is Challenging the Insurance Markets.

We've already spent $5 to $6 trillion, that's $5,000 to $6,000 billion, trying to mitigate climate change, and we haven't made a dent in it.

But fixing climate change isn't the solution.

My final comment, just imagine the human suffering we could've alleviated spending five to six trillion dollars trying to alleviate that, rather than hold back the tides which we're not--we won't be able to do.

I'm not a climate change denier. I'm just not an alarmist.

The Administration's rush to transition to an electric vehicle fleet appears to be driven more by political postering rather than military strategy.

Climate change is hardly one of the most important challenges that the Defense Department ought to focus its attention on.