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Report were better served as a seller in that marketplace by taking the approach of final authority and moving with the finalists im available to answer any questions thoughts on that. Thank you mr. Updyke anything else is this is the end the presentation. Yes. And supervisor mar. I wanted to thank you it thank mr. Updyke and the budget analyst for their upcoming suggestions i feel suspicious anytime were giving up to waive a state ordinance at the local level and giving up the boards authorize o authority i want to say my understanding of the legislation before us is that the Real Estate Offi...

Chipotle gopro. Those numbers over the next hours and bringing you them after 4 00. It just doesnt get better than that. Plus time to sell tesla maybe . A bold call from a ubs analyst downgrading that stock to sell today. The man who made that call coming up. It has been five years since the dodd frank financial reform bill signed into law. Barney frank will join us to discuss all the criticism the law has received including from members of his own party. Enjoy having barney on the show. First we start with this move in the Broader Market today. There is the dow down 214 points. Its getting hi...

Your apples are ripe. It is time to harvest them. What is the best way to harvest those apples . Do you pick them from the tree or do you chop down the tree . Apples are income. The trees are capital. The reason we want a socalled, consumptionbased tax because we dont want to mistreat capital. But to understand why it is so foolish, dont think about marxism, socialism, free market theories think about it this way, if you chop down the tree or more accurately what the current tax system does if you harvest apples by sawing off branches of the tree, what does that do for your longrun prosperity,...

Of these tax changes. So no net cost to the government over time. And you have peoples income up about 10 and additional jobs so more people are working. Now that is close to a free lunch as you can get. And thats the damage done by the current tax system. All the neutral tax systems are a means of getting the three layers of tax. Some are collected at business level. Some collected only at retail. Now my favorite, the personal expenditure tax is put down your income subtract your savings pay tax and whats left . That way each year you sit down and fill out a form and you say, they took what ....

Prosperity. And you heard alvin just say over and over again, consumption based tax. My job on the panel is to try to explain why thats important. Its important because the current tax system treats income that you sai and invest much much worse than the income you can consume. Think about it in this very simple fashion. You make some money. You pay tax on that money. Whats left . Disposable income. Aftertax income. You have two choices of what to do tw the aftertax income. You can consume it right away, or you can consume it in the future. Whats consuming in the future . Its saving and invest...