What are the five things that any economy needs in order to start booming?
Spending restraint curbs the need for higher taxation.
Sound money provides a stable environment for economic prosperity.
Free trade is one of the bulwarks of a successful economy—we would be foolish as a country not to engage with other nations to our mutual benefit.
Do you know what the last two pillars are?
Watch as Art Laffer reveals all five pillars and why each one is necessary to a powerful economy!
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Transcript:
The five pillars of prosperity.
Number one, a low, broad-based flat tax to provide the least incentive for people to evade, avoid, or otherwise not report taxable income.
Number two, spending restraint. As Milton Friedman said, "spending is taxation." And it is.
So low-rate, broad-based flat tax and spending restraint.
Sound money. There's nothing that can bring an economy to its knees quicker than unsound money.
Then you have regulatory reform, where you have regulations... We all know we need them, but we need them not to go beyond the specific purpose at hand and cause collateral damage.
And lastly, free trade. There are some things we do better than foreigners and some things foreigners do better than we do. We and they would be foolish in the extreme if we didn't sell them those things we make better than they do in exchange for those things they make better than we do.
Low-rate, broad-based flat tax, spending restraint, sound money, free trade, minimal regulations, and you'll have a prosperous economy.
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This site provides links to random videos hosted at YouTube, with the emphasis on random. 🎥
Origins of the Idea 🌱
The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. 🧠
Challenges Faced 🤔
Obtaining a large sample of videos was crucial for accurate ranking, but YouTube lacks a direct method to gather random video IDs.
Even searching for random strings on YouTube doesn't yield truly random results, complicating the process further. 🔍
Creating Truly Random Links 🛠️
The YouTube API offers additional functions enabling the discovery of more random videos. Through inventive techniques and a touch of space-time manipulation, we've achieved a process yielding nearly 100% random links to YouTube videos.
About YouTube 📺
YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. 🌟
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Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.
While most content is uploaded by individuals, media corporations like CBS and the BBC also contribute. Unregistered users can watch videos, while registered users enjoy additional privileges such as uploading unlimited videos and adding comments.
Monetization and Impact 🤑
YouTube and creators earn revenue through Google AdSense, with most videos free to view. Premium channels and subscription services like YouTube Music and YouTube Premium offer ad-free streaming.
As of February 2017, over 400 hours of content were uploaded to YouTube every minute, with the site ranking as the second-most popular globally. By May 2019, this figure exceeded 500 hours per minute. 📈
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