But also to simplify and rationalize our tax system. We have a grotesquely complex tax system. Costly. Everyone's out of complaints, everybody's committing a felony unwittingly. Every single person, you, me, every other American. The transfer of wealth from young to old over the decades, it's literally immoral. It's immoral. So let's not exacerbate that problem. So simplify it again. You using basic principles. Don't try and socially and economically engineer through the tax code. We're terrible at it. (55:42–55:49)
CLAIM
Asserts that there has been a significant and immoral transfer of wealth from younger to older generations over the decades.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
