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I think the easiest thing for them to get done with doge is the naming the shaming the auditing the transparency of
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what we're actually spending because so many of the audits Jam are just not completed people don't know what's being
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spent and if you show Americans a $112,000 hammer or people with job titles not coming into the office or
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coming into the office one day a week one day a month that's going to infuriate taxpayers and I think there's
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a very easy way to navigate all this you just create the leaderboard and you not
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only shame people who are wasting our tax dollars you celebrate the people who are heroes Who start showing frugality
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and cost saving and they're going to do this with a leaderboard of the heroes and the goats this could be the unifying
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not just the Republican party as as sax is pointing out shath I think this could
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unify the whole country is there anybody paying taxes that wants to see money wasted that wants to see us pay people
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high salaries to not come to work shath what's your take on the sequence of events here
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what are easy layups that they could actually get done and then where is the machine going to fight and try to stop
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this thing I think you are highlighting something that they can do right away which I think is very powerful which is
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just using these distribution channels that Elon has now to create a massive layer of
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accountability I do think that Sunshine is a really incredible disinfectant I think the best way that they could start
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if possible is to stop paying their vendors until you actually have some amount of accounting to figure out as
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you said how many $600 soap dispensers are actually being bought and sold now that kind of whatever you want to call
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that corruption or grift it's not going to account for hundreds of billions or trillions of dollars but I do think that
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it is a very moral and symbolic win that says we're going we're going to start to
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get much more rational and it starts to allow the average American to actually feel like they have a little bit of
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control and they have a more vested interest in how the government spends money but I want to I actually want to
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take a step back for a second and before I talk about what Doge can do I just want to highlight something that's been
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going on in California because I think it it explains a lot in California and I'm just going to read this that because
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it's incredible the regulatory burden in Cali as a state from 1997 to 2015 this is
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when the data is available that I found has increased by almost 50% as of May of
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2022 there are almost 61,000 individual regulations in the state of California so what does that
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mean and where does it come from and Nick if you can just put out the tweet it has happened over a period of time
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in which the government has been the absolute singular source of employment in the
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state and we talked about this before where this is also a problem at the federal level when you look at GDP and
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job growth because it looks like a lot of these jobs are actually fake manufactured government type jobs so why
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is this a problem you've seen in California the issue that we have is that if you
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have a growth in the number of employees in this case in California all the job growth in recent memory has been state
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employees what is the byproduct regulations go up what is the byproduct of that there are actually no private
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sector jobs and more to the point the private sector flees so now let's bubble that up and look at the federal
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government Nick if you want to just show that chart that I that I sent you what is incredible jcal is that the more
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people are hired by the government lo and behold what do you see the number of regulations issued by
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federal agencies has just continued unabated year in year out you cannot run a country like
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this so because these these accumulate right Congress is doing less and less of a job actually trying to frame how the
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country should work that white space is filled in as freeberg said by these federal agencies it compounds and
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accumulates this is not replacing laws none of these regulations have expiry dates and so as a result I think what
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you probably have is an incredible restraint on the US economy I think that the US economy could be growing at four
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or 5% but the reason that it doesn't grow at 45% is in that one single chart it is
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impossible to be able to live up to your economic potential when you have this burden on your neck so I think the real
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opportunity for doge is to basically do whatever it needs to do using the law to
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wipe as many of these regulations off the books we are better cutting them all to zero and then finding the ones we
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really need and then repassing those then we are going at this peace meal and there's some incred there's some
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incredible ideas by the way that this creates Nick I don't know if you can find this tweet but Doge asked what
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people think of the IRS and there was an enous amount of activity that essentially said give us a
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flat tax and wipe out the tax code and people were very flexible in the amount of tax that they were willing
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to pay but could you imagine the simplification in the tax code and the implications of that I was in Singapore
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by the way 10 days ago when I started my trip Nick beep out the name of the person I'm about to say but I had a long
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meeting with who you know is there and I was asking him the complexity of dealing with taxes he's
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like what do you mean we don't we pay a very simple tax system there's no capital gains in Singapore and so as a
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result our filing requirements are di Minimus small but as a result people like him meaning great entrepreneurs can
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spend all their time thinking about what to build not how not tax optimization exactly or how to account for it so
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could you imagine if these guys basically use Doge as a mechanism to shrink the tax code create a flat tax
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potentially I know that that has to be passed by Congress I understand that but the idea of just cutting this all the
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way down and then finding through that process what you actually need I think can find America 100 20000 basis points
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of GDP growth it could be an economic Renaissance I mean just to build on that cutting all the regulations to zero you
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might have throw out some babies in the bath water so why not put a clock on them and just say whenever this was
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enacted plus 5 years and then it rolls off or plus two years whatever number of months and then you could have them chth
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rolling off every month I think a good idea but it has to I think that's a good idea but jcal I think you first have to
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cancel all these regulations and then say whatever we need we will reenact to your point on a five-year shock clock
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that then has to be renewed in a new Congressional period And I think that that's extremely healthy well because
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you know what people die paradigms shift and then nobody even remembers these regulations you have to do archaeology
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to figure out who created this what was the intent and you would never do that you would never live sacks with all of
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these rules forever just one last comment In fairness to these government employees the one thing is that it's not
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their fault right meaning in the sense that they were hired into a regime where the incentive was to regulate so that
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you had things to oversee and so they did their job in fact I would say they did their job incredibly well but the
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point is that now we need to Pivot for them to do a totally different job