Interview with Steve Forbes
The Joe Pags Show
Joe Pags
3.4 • 1.1K Ratings
🗓️ 4 January 2024
⏱️ 18 minutes
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| 0:00.0 | Thank you. |
| 0:02.0 | Samuel Long to the right. |
| 0:06.0 | Thanks a lot for stopping by |
| 0:08.0 | to have this man back. |
| 0:09.0 | It's the editor-in-chief and the chairman of Forbes Media. |
| 0:11.0 | Steve, Steve, how are you? |
| 0:12.0 | Good to be with you, thank you. Happy New Year. |
| 0:16.1 | Happy New Year to you and yours. I've got to ask you something, let's go back to 2000 when you came to my TV station in Lansing. |
| 0:22.4 | You were running for president |
| 0:24.0 | and you suggested a 17% flat tax. Steve, fast forward 24 years now. Would that still |
| 0:30.5 | work today? Would a 17% flat tax work? |
| 0:34.9 | It would work better than ever. |
| 0:36.5 | They've jumped up the code far more than it was back then. |
| 0:40.3 | And the American people would be in a mood for it. |
| 0:43.0 | Just go back 20 years. |
| 0:45.4 | The IRS estimates we spend $6 billion a year |
| 0:48.2 | filling out tax forms. |
| 0:50.2 | So over 20 years, that's $120 billion hours a year of wasted effort. |
| 0:55.0 | It costs 2 to 300 billion a year to comply with this monstrosity. |
| 0:59.0 | So that's literally trillions of dollars. |
| 1:02.0 | So if you take almost the size of the federal |
| 1:05.3 | budget, so if you go back that 20 years, imagine if those resources and that time |
... |
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