Stephen Moore, Trump Fed's choice, is a self-proclaimed "radical" who claims he is not a "big supporter of democracy"

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In speeches and radio interviews reviewed by KFile of CNN, Moore pleaded for the complete elimination of corporate and federal income taxes, calling the 16th amendment that created the income tax the "most devilish" law adopted in the 20th century.

Moore's economic worldview envisions a lean government and a reversed social safety net. He called for the elimination of the Ministries of Labor, Energy and Commerce, as well as the IRS and the Office of Consumer Finance Protection. He questioned the need to create both the Ministry of Housing and Urban Development and the Ministry of Education. He said that it was not necessary to have a federal minimum wage, called for the privatization of the "Ponzi scheme" of social security and said that the beneficiaries of the Government assistance had lost their dignity and meaning.

In other interviews and appearances, Moore repeatedly reiterated that he believed that capitalism was more important than democracy.

Trump announced that he would propose Moore to the Board of Governors of the Federal Reserve last month. Moore works at the Heritage Foundation, a conservative think tank. He was a Trump advisor during the 2016 presidential campaign and is a friend of President Larry Kudlow's economic advisor. He was previously a contributor to CNN.

The appointment prompted immediate criticism because Moore was a harsh critic of the Federal Reserve and its chairman, Jerome Powell. In 2015, he called for the abolition of the Federal Reserve and return to the gold standard (Moore said CNN's Erin Burnett Thursday, he changed his mind about the gold standard. He told KFile Friday of CNN that he no longer believed in the removal of the Federal Reserve).

In a December column, Moore called on Powell to step down to raise interest rates. Moore claimed the comments had probably been written "in a time of anger," but in February, he described Powell as Trump's "worst appointment" and called for the dismissal of hundreds of Federal Reserve employees. He called them economists "worthless".

"There is no greater swamp in Washington than the Federal Reserve Board," Moore said in an interview published in February on Vimeo. "It's filled with hundreds of economists who are worthless, who have the wrong model in mind, they should all be, they should all be fired and they should be replaced by good economists."

Addressing Powell, Moore said, "I spoke to the President last week and he was extremely unhappy that he did, I think, one of his worst appointments. you political, and that he stays stuck with this guy during, I think he's got a four or five year term. "

Tax Views

Moore has repeatedly called for a "radical" plan for growth of the economy by eliminating corporate income tax and personal income tax.

"In my opinion, we must completely eliminate the corporate income tax because it is only a foot-ball of this economy," said Moore at the time. 39, a debate in 2012.

Expressing in 2015, Mr. Moore called to get rid of income tax and adopt a national sales tax.

"What is the tax rate on income in Texas and Florida," said Moore. "Zero, there is no income tax, why can not we have income tax at the federal level?" Eliminate this income tax and make taxes like we do it in Texas and Florida, so Texas and Florida have no income tax. "

Speaking of the Glenn Beck program in 2007, a transcript of which is available on the Web Archive, Moore called the 16th Amendment – which created the federal income tax – "the most perverse act that has been adopted for 100 years ".

Views on Capitalism and Democracy

Moore repeatedly reiterated that he believed that capitalism was more important than democracy.

In an interview for the movie "Capitalism: A Love Story" of 2009, Michael Moore said that he was not a big supporter of democracy.

"Capitalism is much more important than democracy," Moore said. "I'm not even a strong supporter of democracy, I always say that democracy can be two wolves and a sheep who decide what to eat for dinner, look, I'm for people to have the right to vote and things But many countries with the right to vote are still poor, and democracy does not always lead to a good economy or even a good political system. "

Speaking at the Thom Hartmann Show in 2010, Moore reiterated this belief, saying that Hitler was democratically elected and that Saudi Arabia would not be better off as a democracy.

"I think capitalism, without free market capitalism, countries do not enrich," Moore said, questioned that capitalism was more important than democracy. "And I would therefore prefer a country based, as you know, on a system of free enterprise of property rights and free exchange of low tax rates, on free trade, rather than on a country where there are many democracies -. "

In a 2010 speech, Moore said he believed democracy meant that Democrats had an "intentional" plan to remove voters from the role of the income tax and have them vote for an expanding government.

Moore told CNN's KFile: "I believe in free market capitalism and representative government, which is what made America the largest and most prosperous nation in the world."

Views on the minimum wage, social security and social assistance

Moore has repeatedly expressed the wish to remove the social safety net in the country, including social security, which he termed the "soft underbelly of the welfare state". insolvency unless it is reformed. "Mr. Moore told CNN's KFile that he believed that it was to let young people put their retirement savings into 401K accounts on a voluntary basis rather than in social security, which would not reduce not the benefits for those who already work there.

Speaking at an event in 2014, Moore said the government assistants —- "the dole" —- were void of dignity or meaning in their lives.

"You know, we have too many people who depend on the government and the cost is not really what it costs to our taxman.You know, the financial situation is very expensive.The cost, it exhausts simply people of their dignity and meaning in life, "he said. "I mean, there is nothing worse than being unemployed, right?"

Moore told CNN's KFile: "There are too many welfare recipients and the best way to help the poor is to find them a job, good schools and good economic opportunities." The welfare state makes It should be wrong to the people it is supposed to have helped.Nobody should be hungry or homeless or without basic health care, but there is a more encouraging way than handouts. "

In February 2018, Moore stated that Medicaid was a "stupid" system.

"You can not come – I said it earlier this morning at one of the sessions, some of you may have been involved – you really could not create a more system." stupid that Medicaid.I mean really, I mean if I sat here and I tried to think about how can we make the idiot, you know, the Medicaid system is the worst system possible for which we would propose what it currently has. "

Moore told CNN's KFile that he was staying true to his comments on Medicaid, saying that he would rather "give the poor a medical savings account and let them buy health care in the marketplace. free".

And a federal minimum wage, said Moore last year at a Heritage Foundation event, is not necessary.

"You do not need a federal minimum wage.You need, you need growth-friendly policies that will encourage businesses to increase the ratio."

Moore told KFile of CNN that he did not want to abolish the minimum wage.

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