Stupid Taxes vs. Smart Taxes
The Political Orphanage
Andrew Heaton
4.9 • 1000 Ratings
🗓️ 4 September 2024
⏱️ 110 minutes
🧾️ Download transcript
Summary
What's the difference between effective, ethical taxes vs. stupid stuff with a bunch of loop holes for rich people? Scott Hodge is President Emeritus & Senior Policy Advisor at the Tax Foundation. He is the author of "Taxocracy: What You Don't Know Abou Taxes And How They Rule Your Daily Life."
Book at: www.mightyheaton.com/featured
Transcript
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| 0:00.0 | In 1859, 450 people died horribly off the Welsh coast near Anglosay. |
| 0:11.2 | Their ship, unamaginitably named the Royal Charter, was returning to Liverpool after a trip to Australia. |
| 0:18.0 | A quick trip. This was a new vessel, an ironclad vessel, an armored ship. |
| 0:24.5 | If you can imagine such a thing, what's more it was coal-powered. |
| 0:28.4 | Propulsion came not from wind power, but from some kind of large furnace in the bowels of the ship. |
| 0:34.0 | How about that? Very fast. It made it from Cape Horn to the Welsh coast in just 60 days, unheard of. |
| 0:40.0 | The Royal Charter carried 371 passengers, many of whom were gold miners returning to England from the colonies, bearing their fortunes with them. |
| 0:49.0 | Deposited in their pockets and effects there was gold, but there was also enough of it it was |
| 0:53.4 | consigned as cargo below decks as well a lot of gold and on October 25th the |
| 0:59.9 | barometer dropped you may not know what that means, but I now do. I now have an old-timey barometer |
| 1:07.0 | that I keep in my camper, and I finally figured out what it's for. When the barometer drops, the air pressure |
| 1:12.2 | outside has just dropped, and what that probably signifies |
| 1:16.0 | is an incoming storm. |
| 1:18.1 | Lo and behold, back there in 1859, a very big angry Welsh storm, the kind of storm with too many |
| 1:28.0 | Ls and too much wind and not enough fowls began stocking the |
| 1:33.0 | hMS royal charter. |
| 1:35.4 | Captain Taylor was advised to delay the trip, |
| 1:38.0 | Poland a safe harbor at Hollyhead, |
| 1:40.4 | but he thought he could probably beat that nasty old Welsh storm get into Liverpool before it got too bad |
| 1:46.1 | And again, one of an old-timey sailing ship. This isn't one of those |
| 1:50.1 | rickety wooden things floating around. This is a modern coal-powered iron-clad vessel. |
| 1:56.0 | But somewhere around Point Linus, the gale kicked up to Storm Force 10 on the Beaufort scale. |
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