Liberals are fond of quoting Supreme Court Justice Oliver Wendell Holmes who said, "taxes are what we pay for a civilized society"---but at the time taxes were just 10% of GDP. Now they are triple that. Is that civilization or theft?
Texas Congressman Louie Gohmert says the current tax code is just too complicated. He wants the current code scraped---and replaced with a flat tax.
American economic growth has stalled. Scott Hodge, the president of the Tax Foundation says America's hefty 70,000 page federal tax code is largely to blame.
John Merline, a writer at Investor's Business Daily, says ObamaCare is a tax too---a complicated one. It's so complicated that H&R Block made this disgusting commercial about how they can help you with ObamaCare. The actress's grin infuriates me.
Some in the IRS apparently think taking our money is funny. Our Special Correspondent, Kennedy, and Reason's Editor-In-Chief, Matt Welch, discuss the outrageous $60,000, taxpayer funded, IRS Star Trek video.
While some celebrities, like Eva Longoria and Ben Affleck, say they don't want a tax cut, former Reagan economic advisor, Art Laffer points out how many celebrities-- and others--- run from high tax states. Phil Mickelson, Tiger Woods, and even liberal Bill Maher said they would consider moving (or already have moved) because of California's high taxes.
To demonstrate the tax code's absurdity we play a game of "Real or Fake." I'll face off with FOX and Friends hosts Steve Doocy and Gretchen Carlson to see if we can guess which taxes are real, and which are fake.
This Week's Show -- July 10, 2014
CENSORSHIP AT CBS: Investigative reporter Sharyl Attkisson has a similar story. She explains why she left CBS after it became "harder and harder to get stories on television" that criticized this government and "any powers that be."
IS STOSSEL BIASED?: Years ago, journalist Howard Kurtz criticized me for not being objective. I said it's impossible for any journalist to be completely objective. Now that Howard Kurtz is on Fox, we debate again.
THE OBJECTIVITY MYTH: Andrew Kirell of Mediaite.com says, "every journalist has a point of view and they don't just magically check it the minute they walk in the newsroom door."
NEW MEDIA: Reason TV's Remy Munasifi uses music videos and parodies to complain about things like politicians' spending. One of his latest parodies highlights the scandal surrounding the VA hospitals. Munasifi discusses his videos, which have gone viral on YouTube.
RETRO REPORT: It's great there's a new media organization called Retro Report, which reveals media hype of the past ("crack babies," America's landfill "crisis," the "superpredator," etc.) and corrects stories everyone in the media got wrong. I discuss the new show with its executive producer, Kyra Darnton.
REAL OR FAKE?: Sometimes people in the media say things that are so bizarre, you'd think they were made up. Kennedy of The Independents quizzes FoxBusiness.com's Kate Rogers, Fox Business host Charles Payne and me to see if any of us can tell which quotes are real, and which were made up by my staff.
MY TAKE: I used to report on lots of scares. CBS even ran an ad for me where someone called me a "guardian angel."
That's bunk. The only guardian angel is a free and open society. That's what allows innovation, gives people longer lives, and lifts billions out of poverty. But these gradual improvements aren't newsworthy. Scares and disaster make the news.
News is broken not just because we're biased but because most good and important news happens slowly.
9PM ET on Fox Business Network