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The James Altucher Show

Ask Altucher! EP03: Altucher's Hybrid Tax Plan for All Americans

The James Altucher Show

James Altucher

Education, Business

4.62.7K Ratings

🗓️ 25 April 2023

⏱️ 57 minutes

🧾️ Download transcript

Summary

On today's 'Ask Altucher', which continues the chain of thought from our previous episode, James details his innovative economic and taxation plan to help all Americans. Proposing a flat 10% federal income tax while instituting a 10% national sales tax (with rebates for the first $20k of purchases annually), his hybrid solution provides an innovative and effective economic plan that increases tax revenue, capitalizes on foreign national tourist spending, and offers progressive tax relief for low-income families.James also delves into topics such as foreign & domestic policy, the national defense budget, the strength of the US dollar's role in the global economy, and how America's dominance in technology and innovation cements the United States' role as a global superpower.Each week, James will be answering user-submitted questions from the web form, Twitter queries, and submissions via NotePd.com------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe  to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

This isn't your average business podcast and he's not your average host.

0:06.7

This is the James Altiger show.

0:18.2

So last week we spoke about running for president in the problem facing the country today.

0:24.8

And I mentioned how I'm running for president.

0:27.0

Officially on the federal election commission, half joke, half serious.

0:31.6

And I didn't say what I stood for.

0:33.3

But what else did we speak about last week?

0:35.0

We speak about the difference between prime minister and president.

0:39.2

And fascism and all that kind of stuff.

0:41.5

And we spoke about what happened if president and vice president died.

0:46.9

And then we also spoke about how government organization is kind of mafia like.

0:53.0

Yeah, that's right. Although it's not we concluded.

0:55.3

But then we also talked about inflation last week and what's causing it.

0:59.9

Where the federal reserve might be wrong.

1:01.6

And we talked about how I hate to sound like a libertarian or any particular party.

1:06.3

But really when government interferes and things, it kind of messes things up.

1:10.2

And we looked at extreme examples like the difference between Stalinist Russia and Maoist China

1:15.5

and the United States, which are sort of the most extreme examples.

1:18.4

But today I promise I will talk about the most important issue and what I feel like is a unique

1:25.4

stand on it.

1:27.0

And I figured I will talk about it and say let's say they did a poll not everybody in the

1:31.9

country and they asked people what are the five most important problems you would like to see

...

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