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The Ramsey Show Highlights

These 2 Systems Are Quietly Crippling the U.S. Economy!

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 17 October 2024

⏱️ 3 minutes

🧾️ Download transcript

Summary

📱Exclusive Extra: Watch more from this interview on the Ramsey Network app. Dave Ramsey sat down with Ben Shapiro for a real talk on work, building wealth, and what it really means to pursue the American Dream in 2024.   Founder and CEO of Ramsey Solutions, Dave Ramsey is a financial expert and national bestselling author. Over the last 30 years, Ramsey Solutions has delivered clear, no-nonsense money advice through radio shows, podcasts, books, courses and tools, helping millions of people take control of their money and build wealth. Each week, 8 million people tune in to The Ramsey Show across podcasts and YouTube for advice on money, careers, and relationships.  Learn more about Ramsey Solutions Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

brought to you by the ramsay network app download for content that keeps you motivated today you're on the

0:08.8

campaign trail i'm curious because it sounds like what you guys are talking about is the job of the

0:12.6

politician and the government is to create an environment where people can thrive and businesses

0:17.2

can thrive so what do you think politicians need to do? If your people get in office,

0:23.0

what are the steps that we need to take to create that environment? Well, I mean, massive deregulation.

0:27.5

And I think that this is something President Trump certainly understands. Cutting the red tape,

0:30.8

that has to be done at local state and federal level. It is so much harder to start a business now

0:35.7

than it was to start a business a few decades ago.

0:38.8

If you want to build a house now, the number of hoops that you have to jump through

0:42.3

doing environmental impact statements and applying to things.

0:46.3

Now, again, it's way better here than it is in other countries.

0:48.8

If you look at, I'm very familiar with the legal system in Israel, the legal system in Israel,

0:52.6

to build a new building in Israel, just to get the permits approved is like 270 days. To do it in the state of Florida,

0:57.6

where I am is like three hours. But with that said, there's too much regulation. That regulation makes

1:02.1

it very, very difficult. You need to stop confiscating people's wealth. When people make money,

1:06.1

let them make their money and then reinvest their money in new things. We need to get rid of the systemic burden

1:12.1

on the American economy that requires that drawdown, which is these giant welfare programs.

1:17.0

These giant welfare programs are eating the American economy alive. And none of these politicians

1:21.0

will take it on because when you have a concentrated benefit and a diffuse cost, then it's very hard

1:27.2

for politicians to actually make the case for getting rid of the program, right?

1:30.5

When 10 people are really benefiting a lot, but 1,000 people are paying 1 cent, it's much easier to just say to those 10 people, hey, you're getting your money.

1:36.3

You know, everything's, everything is everything's great for you.

...

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