it reminds me of an old quote by machiavelli. he said, "a son can bear with composure "the death of his father, but the loss of his inheritance might drive him to despair." you know what i mean. the biggest, i guess, most fatal mistake for a beneficiary is the rule that says a non-spouse beneficiary-- and that's your son, anybody but your spouse, daughter, grandchild, friend. a non-spouse beneficiary cannot do a rollover. a non-spouse beneficiary can only move inherited funds via a trustee-to-trustee transfer. so what does that mean in english? it means they have to do it just right. as soon as the money comes out, it's all taxable. a mistake can't be fixed. so they've got to do it just right. once the money's exposed, it's over. here's an analogy that might explain this better. i don't want to sound like old grandpa moses again, but back in the day, they had cameras. and in these cameras was something called film. you're looking at me, some of the young people. it was a brown tape-y substance. and you put this in the back of the

never surrender in our nuclear deterrent capability is due to an iu trust of those who subscribe to machiavellimbaya. it means recognizing that our economic strength is part of our national security and that china is still a communist country which is using capitalism as a weapon against us. [applause] and it never -- and never allowing anyone to believe that our greatest ally in the middle east, israel, shall not have this nation ready to stand with her. it means and i say this to my friends in the state of israel, i say this, i shall never let israel down. [cheers and applause] thank you. thank you. thank you. now there is a third pillar. there is a third pillar, and in many ways this is the most important pillar for the dawn of the new america, and that is to never abandon our values. this may be a hot topic. cpac, but without this critical third pillar, we are in complete as an american people. -- we are in complete as an american people. we must honor our language can recognize it is the most basic and, in part that makes this an american. -- that makes us an american. [applause] i believe

never surrender in our nuclear capabilities because of a naive trust of those who subscribe to machiavelliognizing that our strength is part of our national security and that china is still a communist country using capitalism as a weapon against us. [applause] never allowing anyone to believe that our greatest ally in the middle east, israel, shall not have this nation ready to stand with her. it means -- i say this to my friends in the state of israel -- i shall never let israel down. [applause] thank you. there is the third pillar. in many ways, i believe this is the most important for the dawn of a new america. that is to never abandon our values. this may be a hot topic here at see pat -- at cpac, but without this, we're in complete as an american people. we must honor our language and realize it is the most important, most basic common and common bond that makes us an american. [applause] i believe that we should celebrate the diversity of the melting pot called america but never allowed multiculturalism to grow on steroids and make american culture subservient. yes, there is a defin