00:00My name is Arthur Laffer. I'm an economist here in the United States and I have reviewed in quite some detail the Vox proposals for economic reform and a renaissance in Spain.
00:10And without referencing these specific proposals, I can assure you that the Vox proposals are grounded in good economics and they will have their desired effect on creating prosperity for Spain.
00:22You know, when they look at it, tax reform is desperately needed in Spain. Tax reduction, not only is tax reduction needed, but administrative simplification is hugely important to bringing Spain back into the prosperous area of economics.
00:39Also, by the way, they need to rationalize government spending and the Vox proposals will do just that. They will.
00:44They rely on the private sector of the economy to achieve it. And when you think about it, you can't tax an economy into prosperity, nor can a poor person spend himself into wealth.
00:55It just makes no sense. These Vox proposals are very good and I recommend them very highly.
01:02And they will have their effect of creating prosperity in Spain, which desperately needs that prosperity.
01:14At that point, if you can kind of appreciate the fact that your Veox presents has managed by closing prices, the Rev.
