Return on Taxation
Return on Taxation
Meet Your Host, Alan Weiss
Alan Weiss is one of those rare people who can say he is a consultant, speaker, and author and mean it.
His consulting firm, Summit Consulting Group, Inc., has attracted clients such as Merck, Hewlett-Packard, GE, Mercedes-Benz, State Street Corporation, Times Mirror Group, The Federal Reserve, The New York Times Corporation, Toyota, and over 500 other leading organizations. He has served on several boards of directors in various capacities.
His prolific publishing includes over 500 articles and 60 books, including his best-seller, Million Dollar Consulting (from McGraw-Hill) now in its 30th year and sixth edition. His newest is Your Legacy is Now: Life is not about a search for meaning but the creation of meaning (Routledge, 2021). His books have been on the curricula at Villanova, Temple University, and the Wharton School of Business, and have been translated into 15 languages.
Get to know AlanShow Notes
Two major sentiments about how the US (and most countries) treat the citizenry and how to finance and provide the funding. Every person deserves a minimum quality of health care, safety in the streets, educational opportunity, and access to employment.
The corollary is that we need the opportunity and support to help people to innovate, create, and build organizations that provide that employment, further advancement, and significant taxes.
Do we do this through “tax the rich, occupy Wall Street, millionaire taxes”? Or do we do so by reducing excess spending and reallocating resources toward such basic human needs.
Rhode Island is 8th highest in expenditure per student, yet our reading proficiency is only 34% in math 30% in English. No high school in the state is in the top 150 nationally, despite that high expenditure. What's the cause? Politicians don't talk about it.
The current US debt is $40 trillion.
Our gross domestic product in $30 trillion annually.
Who pays most of the taxes? The top 1% pay of earners pay 40% of federal taxes, the top 5% pay 60%. About 35% of all adults in the US pay zero taxes.
We need to end the entitlements created to gain votes, the costs of which have doubles in the past ten years from $24 trillion to $4.4 trillion. We need to end the boondoggles created to gain votes.
California's attempt at a high speed train created a $100 billion funding gap, yet no train exists.
Mississippi clean coal gasification cost $75 billion and was abandoned.
Fraudulent pandemic claims cost hundreds of billions according to the government, which failed to monitor the disbursements adequately.
Bankruptcy: It's not taught in school, where we don't teach civics or personal finances. That's because we've apparently forgotten how.
Alan Weiss's The Uncomfortable Truth® is a weekly broadcast from “The Rock Star of Consulting,” Alan Weiss, who holds forth with his best (and often most contrarian) ideas about society, culture, business, and personal growth. His 60+ books in 12 languages, and his travels to, and work in, 50 countries contribute to a fascinating and often belief-challenging 20 minutes that might just change your next 20 years.
Introduction to the show recorded by Connie Dieken
