Bill Yeargin also serves as chairman of the National Marine Manufacturers Association with 1,300 member companies producing an estimated 85 percent of the boats, engines, trailers and accessories used by boaters and anglers throughout the U.S. and Canada.

The conversation highlights Bill Yeargin's recent op-ed piece in CEO World Magazine titled, "Losing Capitalism," in which he relays concerns about the strong headwinds that are blowing against the ideas of economic liberty and free markets. "I am a CEO, not an economist, and I confess to having a strong affinity for capitalism. I believe if you want to help people, you should start a philanthropic organization. If you want to help a LOT of people, start a business. Capitalism is the undeniable wealth creator, but right now it is on life support." — Bill Yeargin, Losing Capitalism, CEO World Magazine

The timely conversation also focuses on economic polices being presented including a major tax hike on businesses which will adversely impact small companies and workers, and schemes that will halt investments in America. As tax competition for lower rates continues around the world, America may well become an economic laggard with businesses leaving its shores for low tax jurisdictions.

The Wall Street Journal's editorial board opined by stating:

"The Democratic team that brought you declining real wages is now threatening to lower your pay again. That’s the practical effect of Kamala Harris’s idea to raise the U.S. corporate tax rate to 28%, and it’s instructive that an anti-growth tax increase is one of the Vice President’s few distinctive policy priorities so far. Ms. Harris’s endorsement Monday of a 28% rate, up from the current 21%, signs onto what President Biden has been proposing."

Over the decades, there have been certain forces decrying the ills of capitalism and making unsubstantiated claims. The think tank The Institute of Economic Affairs, which offered reformer Margaret Thatcher strategic ideas on turning Great Britain away from socialism in the 1970s and 1980s states: "...but when we see such unsubstantiated claims, we should remember; the data simply doesn’t support the anti-capitalists."

The discussion also raises the concerns of skyrocketing government spending. Milton Friedman, Nobel prize winner in economics and founding partner of International Leaders Summit (the think tank which launched America's Roundtable) said: “Keep your eye on one thing and one thing only: how much government is spending, because that's the true tax … If you're not paying for it in the form of explicit taxes, you're paying for it indirectly in the form of inflation or in the form of borrowing."

Bill Yeargin authored a number of books including the bestseller, "Education of a CEO", "Making Life Better" and the recently released "Faith Leap" - now available on Amazon.

In an earlier episode on America's Roundtable, Bill Yeargin shared about his experiences in the business arena and the principles which guided him and his company through a major transformation from $40 million in sales in 2009 to over $1 billion annually.

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America's Roundtable on Apple Podcasts: https://podcasts.apple.com/us/podcast/americas-roundtable/id1518878472

Twitter:
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@NatashaSrdoc
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America's Roundtable is co-hosted by Natasha Srdoc and Joel Anand Samy, co-founders of International Leaders Summit and the Jerusalem Leaders Summit.

America’s Roundtable radio program - a strategic initiative of International Leaders Summit, focuses on America’s economy, healthcare reform, rule of law, security and trade, and its strategic partnership with rule of law nations around the world. The radio program features high-ranking US administration officials, cabinet members, members of Congress, state government officials, distinguished diplomats, business and media leaders and influential thinkers from around the world.

Tune into America’s Roundtable Radio program from Washington, DC via live streaming on Saturday mornings via 65 radio stations at 7:30 A.M. (ET) on Lanser Broadcasting Corporation covering the Michigan and the Midwest market, and at 7:30 A.M. (CT) on SuperTalk Mississippi — SuperTalk.FM reaching listeners in every county within the State of Mississippi, and neighboring states in the South including Alabama, Arkansas, Louisiana and Tennessee. Listen to America's Roundtable on digital platforms including Apple Podcasts, Spotify, Amazon, Google and other key online platforms.

Listen live, Saturdays at 7:30 A.M. (CT) on SuperTalk | https://www.supertalk.fm

— America's Failing Schools | In 2018, America ranked 11th out of 79 countries in science and 30th in math.

“The U.S. economy would grow 4.5% in the next 20 years if our students’ math and science skills were as strong as the rest of the world’s."
Eric A. Hanushek, economist, Hoover Institution at Stanford University

— America's national debt at $28 trillion.

"I do not believe the debt overhang is the real problem. I believe the real problem is government spending. Government debt is a problem in the long run. Obviously, if the government continues to run deficits for a long period of time, it will sooner or later have to monetize them. So I do not deny that is a real problem. However, it is a mistake to concentrate on the debt as such instead of concentrating on why the debt was created, which is by excessive government spending. What is called a deficit is a form of taxation. It is a very bad form of taxation, but it is a form of taxation. However, it does have some good features. The deficit is the only thing that is keeping spending from going up still faster. Moreover, I do not know of any component of government expenditures that does less harm than the payment of interest. If interest rates tomorrow were zero so that government did not have to pay any interest, what would happen to the money it saved? Do you think it would reduce the deficit? You are kidding yourself.
"Milton Friedman, Nobel Laureate in Economics

The Honorable Maurice McTigue, QSO, is Vice President for Outreach at the Mercatus Center at George Mason University and a founding Executive Advisory Board Member of the US-based International Leaders Summit.

McTigue has testified on Capitol Hill and published articles in many major media outlets, including the New York Times, the Atlantic, Bloomberg Businessweek, US News & World Report, and the Chicago Tribune.

McTigue advised the Office of Management and Budget and most federal agencies in the Clinton and Bush administrations on issues of accountability and transparency and has consulted with legislators and governors in more than 30 states. McTigue was a special advisor to Louisiana’s Commission on Streamlining Government and was named to Virginia governor Bob McDonnell’s Commission on Government Reform and Restructuring.

A former cabinet minister and member of parliament in his native New Zealand, McTigue was one of the architects of the “New Zealand miracle,” which dramatically reformed the country’s government and economy by implementing market-driven, pro-growth policies. He later became New Zealand’s ambassador to Canada.

In a ceremony at Buckingham Palace in 1999, Queen Elizabeth II bestowed upon McTigue the prestigious Queen’s Service Order, in recognition of his public service. This is one of the highest honors attainable for civil service in New Zealand.

https://ileaderssummit.org/services/americas-roundtable-radio/
https://ileaderssummit.org/ | https://jerusalemleaderssummit.com/

America's Roundtable on Apple Podcasts: https://podcasts.apple.com/us/podcast/americas-roundtable/id1518878472

Twitter:
@ileaderssummit
@NatashaSrdoc
@JoelAnandUSA

America's Roundtable is co-hosted by Natasha Srdoc and Joel Anand Samy, co-founders of International Leaders Summit and the Jerusalem Leaders Summit.

America’s Roundtable radio program - a strategic initiative of International Leaders Summit, focuses on America’s economy, healthcare reform, rule of law, security and trade, and its strategic partnership with rule of law nations around the world. The radio program features high-ranking US administration officials, cabinet members, members of Congress, state government officials, distinguished diplomats, business and media leaders and influential thinkers from around the world.

America’s Roundtable is aired by Lanser Broadcasting Corporation on 96.5 FM and 98.9 FM, covering Michigan’s major market, SuperTalk Mississippi Media’s 12 radio stations and 50 affiliates reaching every county in Mississippi and parts of the neighboring states, including Alabama, Arkansas, Louisiana and Tennessee, and through podcast on Apple Podcasts and other key online platforms.

A former cabinet minister and member of parliament in his native New Zealand, McTigue was one of the architects of the “New Zealand miracle,” which dramatically reformed the country’s government and economy by implementing market-driven, pro-growth policies. He later became New Zealand’s ambassador to Canada and received the prestigious Queen’s Service Order in recognition of his public service from Queen Elizabeth II.

McTigue has testified on Capitol Hill and published articles in many major media outlets, including the New York Times, the Atlantic, Bloomberg Businessweek, US News & World Report, and the Chicago Tribune. McTigue advised The White House Office of Management and Budget (OMB) and most federal agencies in the Clinton and Bush administrations on issues of accountability and transparency and has consulted with legislators and governors in more than 30 states. McTigue was a special advisor to Louisiana’s Commission on Streamlining Government and was named to Virginia governor Bob McDonnell’s Commission on Government Reform and Restructuring.

For further details about Maurice McTigue and his leadership in advancing principled reforms in his home country of New Zealand, the United States of America and Europe — please review these articles and videos:

Rolling Back Government: Lessons from New Zealand
https://imprimis.hillsdale.edu/rolling-back-government-lessons-from-new-zealand/

Video: Maurice McTigue | The Rule of Law, Jerusalem Leaders Summit 2015
https://www.youtube.com/watch?v=_x1fpYL4eJw

Video: Maurice McTigue: Advancing Reforms in Eastern Europe | HRT Prime Time News — Croatia Radio and Television | International Leaders Summit
https://www.youtube.com/watch?v=cXOUcLgCzRs

https://ileaderssummit.org/americas-roundtable-podcasts/
https://ileaderssummit.org/services/americas-roundtable-radio/
https://ileaderssummit.org/ | https://jerusalemleaderssummit.com/

America's Roundtable on Apple Podcasts: https://podcasts.apple.com/us/podcast/americas-roundtable/id1518878472

Twitter:
@ileaderssummit
@NatashaSrdoc
@JoelAnandUSA

America's Roundtable is co-hosted by Natasha Srdoc and Joel Anand Samy, co-founders of International Leaders Summit and the Jerusalem Leaders Summit.

America’s Roundtable radio program - a strategic initiative of International Leaders Summit, focuses on America’s economy, healthcare reform, rule of law, security and trade, and its strategic partnership with rule of law nations around the world. The radio program features high-ranking US administration officials, cabinet members, members of Congress, state government officials, distinguished diplomats, business and media leaders and influential thinkers from around the world.

America’s Roundtable is aired by Lanser Broadcasting Corporation on 96.5 FM and 98.9 FM, covering Michigan’s major market, SuperTalk Mississippi Media’s 12 radio stations and 50 affiliates reaching every county in Mississippi and also heard in parts of the neighboring states, including Alabama, Arkansas, Louisiana and Tennessee, and through podcast on Apple Podcasts and other key online platforms.