Think of my good friend who i grew up with on the same block when we were three. Just pure luck. Im in one house committees in the of the. Im a nobody, a bluecollar kid. I become a Vice President ial nominee and a National Best selling author. He becomes making of space travel of the United States of america. The chairman of spacex foundation. Peter offers rewards. It offered a 20 million reward for the first private company that would put a spacecraft into space. Thats my friend from the age of three. Peter said to me, its a ridiculous, the Energy Department spends 28 really in a year and its been around since 1977 and its goal is energy independence. What do we spend 20 billion a year on . We are no more Energy Independent than 1977. Why dont we cancel the department of energy, get people back 20 billion, lets put a prize for one year of 20 billion. The entire budget of the department of energy for one year and offer to the company us also most important problem in america. 28,000,000,080 solve alzheimers, 20 billion it is all diabetes. 28 billion if you saw cancer. 28 billion if you can think of fuel that replaces fossil fuel. Im a guy who wants to harness the power of the private sector. Thats the only time i would have use government money for anything is to harvest the power of the private sector to solve our biggest problems. Heres another idea. Jumpstart jobs, jumpstart jobs. America needs jobs. Two out of every three are created by Small Business. I propose an Angel Investors tax deduction. What that means is investors would receive a dollar for dollar tax credit of up to 50 of the income tax for up to 50,000 for investments in new business startups. You want to see the economy explode . Watch what happens with an Angel Investors tax deduction. Think about this. Pqr a middleclass american, you can invest 50,000, or any amount up to 50,000 in a Small Business every year. Year. Lets say you are a lower middleclass america and you take advantage of my do. You invest 10,000 each year in one conference starts. We know the only way to get rich in america is to invest in a startup. It is the best way to earn a fortune. For the next 10 years you will save 10,000 on your taxes with the irs and you have 10,000 working on Small Business across the country. If even one of them comes through you now have your Retirement Fund and you never need social security. You will never have to worry about the rest of your life. If you get the 10,000 to the irs every year for 10 years, that 100,000 is gone for ever with no chance of ever using it in your entirety. This is how you build a solid middle class, create jobs and fuel this is creation. Heres another idea. Theres over 2 trillion parked offshore nowadays, 2 trillion. Every one of those companies would love to bring it back and get it working in america but they are not going to bring about what the highest Corporate Income tax rates in the world of 35 and another five to 10 of state income tax. Crazy. What are these business of doing . Battle is there money parked offshore, they are now parking their business offshore. Youve heard of inversion. They are all moving, leaving the United States i buying another company in scotland, ireland, switzerland and theyre leaving america for tax purposes. Theyre giving up their citizenship. Why dont we get them back . All those jobs are gone forever. I propose, if you bring it back well let you bring it for a one time penalty of 10 . Thats 200 billion in new taxes for america and thats one point a trillion left over to get working to create jobs and to build businesses in this country. Thats a you create success instead of the left idea, the left idea that oh, my gosh wayne root is letting them get away with murder. Thats to truth and they should be paying 1 trillion letting them get away with only paying 200 billion in taxes. Folks, 100 of nothing is nothing. And im getting 10 of something. The idea that government thinks they deserve 50 but no one will pay it is crazy. Its groundhog day. Its trying the same thing again and again and it fails again and again. Its failed in countries. Thats exactly whats happening in the training. Ive got 100 other ideas but the odd, i know its on its time for question an and answer but i want to do when looking at you. One more. The problem we have in this country is that heres a credit card. Let me show you my American Express card. Can you imagine if i have an American Express card, im on the board of directors of American Express and i decide to vote that he would dispense money on American Express and rings of a big built doesnt have to pay it back. Oropeza back with 0 interest. Would you not call that a conflict of interest . In our country we have 148 Million People collecting welfare checks and they are all voting. Its the most massive conflict of interest in history of mankind. Im not a radical. If you need welfare, if youre in trouble, wayne root says im going to give it to you. Im not going to let you vote until the day you get off it. You cant have welfare and vote. You can vote but you can have welfare. Its insanity at its suicidal finish would allow people who are collecting government checks to be able to vote for more government so they get better bigger checks and the make government bigger. It is the most massive conflict of interest ever. Im not saying anything bad like the Founding Fathers one only people with property to vote. I dont agree. Everyone has a right to vote, unless youre not contributing to society. When the day comes where you take and you give nothing, you will no longer be allowed to vote. When you get back off the welfare you can vote tomorrow. Thats how you solve the problem of america. Commonsense in a bluecollar son of the butcher. Thank you, ladies and gentlemen,. [applause] stay there. All right. Were going to have like half an hour q a if you any questions on to say, go and speak on that mike back. If you want this site, come and follow me. I have a comment and a question. Brilliant. Truly brilliant. Inspiring. I wish we could clone you. We need more people who think like this. Honestly, this is really truly inspiring. Question, i think you missed someone here. Which i think the snake of everything is the fed. What do you exactly the point. What do you do with the fed . Let me finish. The fed has been over 100 years, under the fed a dollar depreciated 94 . The fed made president s, broke president s, was behind president s, was propping their campaigns, propaganda, et cetera. What do you do with it did when we started lamenting that plan, that drastically or program . What do you do, how did you with the fed . Something you havent raised. [inaudible] okay. [inaudible] id like to come and speak to the people. Since the day we got the fed whose only to have the job responsibility is protect the value of the dollar and ensure full employment. Since that day we that mass inflation, massive drop in the dollar and massive problems with unemployment. So i believe that it is at the root of many if not most of our problems, ziad. I agree with you. I would audit the fed. Weight. The question is would you curtail the power of the federal which end of the fed, or what exactly speech i would like to end of the fed. Reality, were probably had to audit the fed and curtail the power of the fed. The reason people are so scared in government and the fed is so scared of a Gold Standard is because the Gold Standard means your dollar is a certain value and you cant spend more than what you got. Politicians stand the Gold Standard because amici cant to deficit spending. They are scared to death of the power of it and, of course, it will leave to the fed being unemployed. The fed is against the. Of course, they are. Heres a number that will shock all of you. If you had 1 million in the year 1913, and replayed in the dollar edged up 1 million kept it in your mattress until today, today we have the buying power of 20,000. Thats exact numbers of about two months ago. I want to look up the exact number. If you had a Million Dollars in gold in the year 1913 and you kept it until today, its worth 62 million. If you had 1 million in dollar versus one in gold, he would have 20,000 versus 62 million plus. Thats the power of gold in your personal life and thats the the power of the Gold Standard in the United States of america. One more question. I dont want to mobilize monopolize this. Every president , dont they understand these basics . Why is the fed, has the fed kept the flow all these years and increase power, increased regulation, i dont understand your. Your. The only way to get elected and reelected is the power of the purse. They want to spend and spend and spend which makes them seem more important which makes them more powerful which buys them your vote. Just look to mississippi. Just three weeks ago i was in mississippi for a week campaigning for Chris Mcdaniel fromcdaniel, the Tea Party Candidate who had a 10point lead over 36 handed senator thad cochran. Adcock as people got desperate. They realized they couldnt win in the republican primary so they decide the only way they could win was to cheat. What did they do . They went to the Democratic Community and they went to urban areas and they literally take them to vote republican for the first time in their entire lives in a republican primary even though most of them had voted a month prior in the democratic primary and it is against the law to vote in both primaries in mississippi. They said dont worry, no one will know. No one is watching. Youve got to vote for thad cochran against this guy, this wayne root clone, this tea party guy, Chris Mcdaniel. Why . Because he wants to cut spending. What thad cochran promises is to keep the welfare checks coming, to keep the food stamp checks, to keep the unemployment checks coming in to keep all the bacon coming from washington, d. C. For every employer in the area. The election was sworn by democratic votes in the republican primary. Theres no hope for america at all. If both parties act the exact same way. At this moment its pretty clear they do. The way you get elected is by promising people three things. Free contraceptions, free obama phones, free everything. Free health care. You promise people free and some of them are just dumb enough and a good enough to vote for it. But there is no free. There is no free lunch. Go ahead. Name is scott nelson. I heard that you point out politicians summit and dull outfitters once they are elected. Did you do that part . Yes, i did. George will has referred to the Current Campaign finance laws as and incumbent protection regime. So do you agree with the recent Supreme Court decision and do you think that eliminating the individual Campaign Contribution limit would be structural reform that would resolve the problem that youre talking about . Would you like it as a politician give you an honest answer . My honest answer is im divided. I dont have a yes or a no. I of region supported the ruling by the sprinkler because i believe corporations have just as much right as people to donate and to try and influence society and policies go their way. I like the rolling at first. Now i agree with you that its gotten out of hand and you are seeing just dramatic, multiMillion Dollars donation that drown out the average person industry. I think there are Better Things you can do than limiting peoples freedom to donate money. I think youre better off term limiting politicians. No politician should be in office 36 years. No politician should die in office. I have no right to run for election at the age of 76 after 30 years in office. The Founding Fathers said you are a citizen politician the go, serve a term or two and come up and go back to running their business. I believe term limits are even more important than the amount of money. Once youre done with your term ahmedabad what i believe all politicians should be limited to two terms, one term in office and one term in prison, but once you are done [applause] once youve got the term limits in them which are done with office, the next thing you can do after that is make sure they are barred from ever becoming a lobbyist the thats a much worse problem. I think you can achieve libertarian ideals of freedom and the of corporations and people to donate any amount of money they want and yet also limit the corruption by saying, im not going to get an 8 million a year lobbying job by voting for the auto industry. So instead they can figure conscious and vote against the bailout for the audit indicates because they dont have a chance at a job to be a lobbyist. No politician should ever be allowed to take a job as a lobbyist. In case you didnt know theres a sliding scale, a United States congressman starts at 19 a year as a lobbyist, could be much higher than that but thats the starting salary. Obviously very easily back and six, seven, 8 million a year range. This is intended. My answer is theres lots of things that we can do that curb corruption that dont curb free speech. I dont like corporations building lots of money. I think leads to corruption but in such a free speech guy and such a libertarian guy that just dont feel like Webber Wright to tell anyone how much they can write to politicians they favor. Thank you, wayne. Theres a short like one minute for my question to in the late 70s when the Congress Took over afghanistan building robot aboard of about 20 people in 15 the 16th of them had went to them and became common as in colombia at college. How did you avoid that fate . No surprise but you probably know what i think that is on my class but colombia bragged openly, class of 83, i with Barack Obamas class but by the way and let my classmates bragged openly about being cognitive, radical, marxist, socialist. Right now with a president who is very radical. We have attorney general who went to columbia with a radical. We have a mayor of newark city builbuild a glossy appointed columbia history radical but colombia is a hotbed of radicalism. I have a hard time with it all because all my classmates round in three professions big media, government and lawyers. If you ask me just three things ruining america, media, government and lawyers. There you have it. Thank you for coming here. I have a big question, 149 people who depended on government, and that is the biggest problem we have. We have empowered them tick it off, entitled them and their living respectfully rather than waiting for the government checks. What is your systemic plan to get them off the welfare . I did discuss it in my book in detail. I dont want to spend too much time talking about the to the book and youll find more details, in general my idea was that its crazy that we have 149 people on welfare entitlements of the berries constantly 92 million working age people not working and yet at the same time our government politicians on both sides, republican and democrat both want to legalize and give amnesty to millions of illegal aliens at a time where there are no job openings. Theres no jobs for anyone currently not working. Why would you bring in millions more people want a job and want to a job and taken with the middleclass americans . I would rather see us very carefully spend billions of dollars, i made recent libertarian, government does have to spend money occasionally. I would rather spend money on job training. Id like to see all those people are on entitlements have to work for a living. Make them go to work, make every woman who has children and Society Still not taken by children, but you dont hear from now on for a return for your welfare check you will run a Childcare Center and the other nine out of 10 women who have children who clicked welfare check, their children will be at your Childcare Center. The other night can go to work and you running your Childcare Center. Admin, how come youre not working in construction . Rock obama is 100 right. We have a problem with infrastructure, bridges, highways are crumbling. We dont need to spend on lunch with dollars to fix it because all that money goes to hiring Union Employees dedicating grossly overpaid and expect to intentions one day. Basin are suspect thats not all the men on welfare to go build those bridges. They are getting checks from us. Put them to work. I went jogging in washington, d. C. I went through my morning jog and i jogged by hundreds and hundreds of young men standing in the street at 1 00 in the afternoon playing cards, talking to each other, listening to rap music and watching soap operas on little tv screens. This is a disgrace year does no one else see this . You cant allow somebody to collect welfare check and that 1 00 be standing outside and sleep late and watch Oprah Winfrey and dr. Phil. You cant allow that. What does that say to the guy and gal who goes to work every day and works three jobs and works their little butts off to afford their children and not go on welfare . We are running this country have asked backwards. Got to change it. My name is mike. Ive got a question for you regarding the income tax holiday. I love the idea of lowering income tax rates and show but id like to hear your thoughts on the fair tax as an alternative. I love the fair tax. I live in las vegas and nevada has your income tax and zero businesslike but we have a sa