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The Mark Simone Show

Mark Interviews Political Economist Steve Moore

The Mark Simone Show

iHeartRadio and Mark Simone

News

4.3695 Ratings

🗓️ 21 April 2022

⏱️ 11 minutes

🧾️ Download transcript

Summary

Mark and Steve talk about electric vehicles. The material used to make batteries for electric cars damage the environment more than gas vehicles. They also talked about how the pandemic shutdown hurt states with the toughest lock down laws.

Transcript

Click on a timestamp to play from that location

0:00.0

Well, Steve Moore, one of the best economists in the world. You got Art Laffer, you got Steve Forbes, Steve Moore, Larry Cudlow. That is the best, a bunch of all. Hey, and you've got to get his new book. It's excellent. GovZilla. Get the book, GovZilla, by Steve Moore. And make sure you follow them on Twitter, and there's the Committee to Unleash Prosperity. Sign up for the daily briefing. It's great stuff.

0:01.1

Steve Moore, how you doing? and make sure you follow them on Twitter and there's the committee to unleash prosperity sign up for

0:21.4

the daily briefing it's great stuff steve more how you doing i'm mark i'm doing well by the way

0:27.0

congratulations on your great ratings i know you're number one in the new york area that's fantastic

0:31.9

it's wonderful to be a regular on your show i've been shopping at the bit mark to talk to you

0:37.0

because i'm sure you saw,

0:39.1

you maybe have talked about this yesterday, but it probably bears repeating this piece in the Wall

0:44.2

Street Journal on what happened with the taxes and the big increase. As you know, Larry Cudlow and I

0:51.0

and Lapper had a lot to do with putting that tax plan together,

0:54.6

and people laughed at us and said, oh, they think it's going to mean more revenues,

0:57.7

are going to help the economy.

0:59.0

This was trickled out.

1:00.0

Remember, trickled out in economics.

1:01.8

Well, they came out, for those of you who haven't seen that story in the Wall Street Journal.

1:06.8

The revenues that came in for the businesses from the tax revenues actually were higher than anybody thought they would be.

1:15.2

And we actually increased the revenue.

1:17.4

So that is, of course, for those of your students of economics, no, that's called the lapper curve.

1:22.8

But sometime when you lower the tax rates, you go so much economic activity, more profits, more people working, you get more revenue. And that's exactly what happened, Mark. Yeah, a lot of naive, woke, liberal, you know, they don't realize, well, we'll tax these corporations to death. Yeah, good. They'll just register in Ireland and not pay tax here. Yeah. And we'll go after Elon Musk. He can take his income any way he wants. He'll just go tax free. And that's the reason, of course, why, you know, the states with the highest taxes, New York, California, my home state of Illinois. I grew up in the Chicago area, New Jersey. A lot of people in your listening area, you know, are living in states that have high taxes. Now, I got to tell you, Mark, right now I am in, right outside of Jacksonville, Florida. I'm in Amelia Island, Florida. And I can't tell you how many New York and Connecticut and New Jersey license plates I'm seeing. Yeah, but, you know, they say the problem with living in Florida is you have to live in Florida. It's not New York. It's not as much fun. Yeah, it's terrible. You have to look at the ocean. You have to, you know, at 70 degrees and sunny here. Yeah, it's just a dreadful place. Oh, all right. Hey, let me ask you about something. There's a reason, Mark, they call up the sunshine state.

2:41.3

Okay. I was watching the great show Cudlow on the Fox Business Network, and Charles Payne was talking about this.

2:49.5

If you go to electric cars to get the material needed to make those batteries, you've got to strip mine the entire earth.

3:08.0

You do more damage to the earth than drilling would do. Is that true? Yeah, look, that's, well, I mean, I'm not against electric cars. If people, I mean, I've driven Tesla. I mean, they're great vehicles. If you got 75,000, you know, burning a hole in your pocket, you know, they're great cars. So, but, um, I it. It's so funny you should bring this up, Mark, because there was just an article in the

3:11.6

California newspapers that the California Resources Board, which is a powerful regulatory

...

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