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Application instead will now have managed access and a dispute resolution mechanism that will allow iran to delay inspections of suspect sites and permit russia and china to obstruct action in the Security Council. Fac and sanctions relief and the so called snapback provisions that the administration wants emphasized as a guard against iranian cheating have been shown to be more words than substance. The president has talked about a huge signing bonus sums it up to 150 billion, and moscow has been very direct. There will be no automatic reimposition of sanctions. I could go on but let me just ...

And with our double scan technology we can show you exactly who is getting hit the hardest. I want to go in a little closer to this right now. Ive got a track placed on this storm thats so active right now where were getting most of the lightning. This storm alone 87 lightning strikes, haddonfield at 5 37, gibbsboro 5 42, marlton 5 51, moorestown at 5 54 then mount laurel right now at 5 58. So thats where the storm is headed currently through the region and you can see also a new one beginning. In salem one to the southwest of that. One in west chester right now hitting so its not just that ar...

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...