Pete
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Podcast Appearances
No, no, I get that argument. But honestly, there are ways to structure taxes so that they capture where the value and the wealth is actually created. How do we do that? You can have a P.O. box in the Bahamas or Ireland or whatever. So one of the things, for example, that happened in the last administration was an international agreement on a threshold, a minimum.
And now it only works if everybody agrees on it. That's part of why diplomacy matters so much. But no other country really wants to see too much of that happening either. So there's a way to create a floor that gets you a more level playing field.
And now it only works if everybody agrees on it. That's part of why diplomacy matters so much. But no other country really wants to see too much of that happening either. So there's a way to create a floor that gets you a more level playing field.
And now it only works if everybody agrees on it. That's part of why diplomacy matters so much. But no other country really wants to see too much of that happening either. So there's a way to create a floor that gets you a more level playing field.
So it reduces the incentive to offshore your books.
So it reduces the incentive to offshore your books.
So it reduces the incentive to offshore your books.
I don't know why they're beating up on Lesotho.
I don't know why they're beating up on Lesotho.
I don't know why they're beating up on Lesotho.
Yeah, yeah, fine. And look, tariffs have their place, right? We don't have to make about tariffs yet, but just on taxation, yeah. But again, what really worries me about tariffs is those don't amount to a tax on corporations.
Yeah, yeah, fine. And look, tariffs have their place, right? We don't have to make about tariffs yet, but just on taxation, yeah. But again, what really worries me about tariffs is those don't amount to a tax on corporations.
Yeah, yeah, fine. And look, tariffs have their place, right? We don't have to make about tariffs yet, but just on taxation, yeah. But again, what really worries me about tariffs is those don't amount to a tax on corporations.
But how is making middle America pay more a measure to help middle America? Right.
But how is making middle America pay more a measure to help middle America? Right.
But how is making middle America pay more a measure to help middle America? Right.
Yes, I agree on that. Yeah, I think that's really important. And I think what my party has to do is respond to this in a way that doesn't make it sound like our whole argument is let's just go back to 2024. Right. Like, yeah, yes.
Yes, I agree on that. Yeah, I think that's really important. And I think what my party has to do is respond to this in a way that doesn't make it sound like our whole argument is let's just go back to 2024. Right. Like, yeah, yes.
Yes, I agree on that. Yeah, I think that's really important. And I think what my party has to do is respond to this in a way that doesn't make it sound like our whole argument is let's just go back to 2024. Right. Like, yeah, yes.
Things like this, moments like this, movements like the one that's in charge of the White House right now, don't spring up in a country or an economy where everything's going along fine. And look, I lived this, too. I grew up in South Bend, Indiana. People think South Bend, they know Notre Dame. Notre Dame, yeah. The big employer that propelled South Bend wasn't Notre Dame. It was Studebaker.