In this episode I address the radical, and economically destructive, costs of this new generation of Democrats’ big government plans.
News Picks:
Did the FBI ignore evidence that Hillary’s emails were stolen by foreign actors?
An excellent summary regarding the negative effects of heavy taxes and big government.
Are the Democrats already getting tired of Alexandria Ocasio-Cortez?
Roger Stone pleads not guilty to Mueller’s charges.
Democrats are trying to remove “So help you God” from this oath.
Has a cure for cancer been found?
Copyright Dan Bongino All Rights Reserved.
This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
Waiting to hear the truth about America on a showed its not immune to the banks with your host Dan Bonn Jean. I wasn't there thereby GINO Shell producer Joe. How are you today
this political, so are just a couple
Personal Notes
So I was on hand of the last night, my usual Tuesday, in theirs they appearance for those who you want. I get a question sought by what do you want fox, it's pretty routine. I do tuesdays and
disease on Hannity Friday on talker, typical,
Saturday morning and Monday morning on Fox and friends. So if you all are interested, I get that question a lot that answers that, but does Sean announced last night what I've been holding back for a while about to meet.
With Fox news. So I now that you ve heard it on Fox. I put that out. There get a lot of questions I, like people, think
I did not work there, versa,
years. I worked elsewhere, I did appearances, but there were on other networks, and I was a minnow had
the jobs, but now I've sign with them, so that
the news we been holding back for a while. So you heard a lot of it last night
for all your eye, your kind letters any massive support. I really appreciate that we also get letters through her p, o box and stuff. I want quick question too
Is anybody out there and
elbows surgeon are real,
they really good one. Please urge email me
Alice all info add? Pod, GINO
please. My elbow. My left elbow is totally racked with our trade is, and I need someone and I can't find a good
elbow guy out by gas. If we have, we have hundreds of thousands of wishes, there has to be a high quality elbowed surgeon at their north appears, email ass, my elbows, followed
I'm not very good point of your elbow, but in a way I am because you- and I guess we bid so busted up people- think I'm make do with what else can you do that? You know with you. I have a thick skin, but I take pictures on Instagram what they gave a hook arm in my left arm straight anymore. I don't want to get through alive today through the Democrats really are
Do they really? Are I've got a break down? How far left these radicals have become so embarrassing, humiliating devoid of facts are give
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that's really our! I am getting increasingly bothered and by this radical, far left lurch the Democrat Party, where they have abandoned any sense and semblance.
Normality. In reason, anymore, it's insane
go and I don't want to walk you a couple of things. One of the things I want to start with is
how we were once a country that signal the that, although we significantly degree
I disagreed on on the issue of life. I am pro life from cancer,
gin to natural death, I wanna be crystal clear on that.
But whereas we once you know, had these
disagreements. We could settle on at least politically that the Democrats believe about,
For she had a minimum should have been safe, legal and rare. That was when the Democrats add some semblance of vocs.
Of normality. I again I am pro life. I don't even agree with that position, but I tell you: the Democrats understood that
termination of life in the womb of life in the womb was not in
issue to be handled the haphazard, why that is
I'll go out the window. Now, folks, I'm gonna walk through four or five things. Democrats have done
pairing for twenty twenty gonna show outrageous and number one is this. We ve already seen what happened in New York, where far left rat
go Governor Andrew Cuomo,
the new abortion law that permits the termination of life up in the womb up up up into.
Live right near birth, where we forget about a heartbeat of courses harpy. This is this: is a fully formed living being at that stage.
Now this was New York. Where are they?
stuff, sadly, is almost not unexpected anymore, tragic, horrifying
an abomination of a lot, but sadly Joe, almost not unexpected anymore. In New York. Might my home state where I was born and raised, which
As large increasingly far left over the years and disturbing fashion, but what
going on a Virginia.
A swinging, leaning blue state, but a state which unquestionably still has law,
swaths of conserving
liberty, loving patriots,
is going on a Virginia where a lawmakers introduced a bill where you,
can terminate a life of an infant while the
others, dilating by another word
dad surely you're making this up. I am I
dad, surely you're making this up. I am I now I played this for you
before the show just send me an email. He never does that horrified,
I had many lest I should show we need this Cotonou show. This is a law makers in Virginia,
being questioned about just how late
Into the pregnancy, the inference life can be terminated, and,
into try to dance around the issue. When being question, when she's asked, if, while the woman is giving birth is dilating, if the life or that in
It can be terminated, listen to our refused to answer the question and finally, at the end she has to concede that debt is allowable in her bill. So how late
there are trimester, would you be willing to do that? You now I'm it's very unfortunate that other our physicians eye witnesses were not able to.
Ten today to speak specifically on talking about your bill. How now, how late in the third trimester could a physician perform an abortion if he indicated it would.
Here, the mental health of the of the woman or physical, ok,
I'm not talking about the mental health, so I mean through the third trimester the third time. Mr goes all the way up to forty winks, ok, but to the end of the third Reich master, but I think we have a limit in the belt so.
Where its I uttered, a woman is about to give worth she has physical signs and that she is about to give birth without still be a point at which,
she can request an abortion if she was so certified. She dilating.
Mr Chairman, that would be a you know, a decision that the doctor,
the physician and the woman understand that I'm asking you if your bill allows that my bill would allow that. Yes,
Oh my gosh Joe left, the pauses, India, that's not a mistake! It even I've.
Second guys like out, we done that's intentional
because you can hear this lawmaker who, on
stands. What she's about to say is gonna be devastating to their pro abortion cause that, while woman is giving birth that,
if there's some claim of mental health impairment, mental health impairment that her?
bill allows that infants life to be terminated.
Ladies and gentlemen, this is your Democrat party. This is the Damn
This is who they are.
It's not a mask this
Issue they are you take off a mask, you see the face underneath this is the way
so the Democrat Party, this.
Is who they are? This is
your voting for, I am.
They should and will always be a strong advocate for life conception to natural death. But even if you are pro choice, even if you are
I ask you this: is this saying to you: is this
Legalizing and openly supporting infanticide folks, this
deeply troubling. Stuff are, we even mildly concerned as a country about the moral, Spain, an abomination. This is gonna leave behind
deeply. Sorry I didn't get to this sooner, especially given the signing of this equally horrible New York law. I am, I
they have got into this sooner. But this for
This is Virginia, not that determine
of life as acceptable anywhere, but this is
Virginia,
always this even being introduced. You know I
I'm a sinner to ok. I say that all the time I'm trying
constantly to stay on the righteous path is not always easy. I mean it, but my gosh, the do you have an ounce of empathy.
These infant shit. What what? What do you call a child that at NED nine months in the third trimester the end of it, is that of blob
cells to because it that's a blog
of cells than euro blob of cells to in your life, is meaningless to, but maybe
that's what radical far left this one and all the time
prominence of government did diminishment of individual life is a priority gross. I mean utterly completely grotesque.
Trouble here from liberals on our one too bad, it's disgusting,
who did Democrats really are wanting to get to some other stuff too, because this is getting better.
Now Joe. It only talk we commonly Harris twenty.
Four hours felicity yesterday show we play the eclipse of Kabul heresy in an interview with Jake Tapir on see it added a town Hall Kamel hours there.
Brad Centre from California now running for President twenty twenty, who announced
at the J Camperdown? All that she wanted.
Yes, you listening
insurance cared. So your? U? Yes, you listening your insurance plan. If you get it from your job or elsewhere or any individual market, she wants the wiped out and make sure enough.
What's your eliminate private health insurance and make the government these
all control or of your health care. Now I went into detail yesterday about how absurd ridiculous this is
Ladies and gentlemen, it only took twenty four hours for Harris Comma Harrison her crew to understand what a incredibly deep police
go full power, this one and they are now trying to backtrack. It here is a quote from a state.
Far from Kamel Harris our seas.
Prince or more moderate health reform plans which would preserve
the industry? What do you think happened there? Folks? What happened there is? You spoke up. The people have power, you have always had power, political capital matters and what political capital is is the ability to move people to your side clearly
What happened here is you moved Comma Harris to our side, the back
flash from this was severe. It took less than twenty four hours do, not
then allow the Democrats to open their mouths about government controlled health care without a particularly particularly
organized and strong response from us
all of us out there now so who did democratic,
We are we addressed about abortion up until dilation, in an area and and and basically a fully for
then infant child. Secondly, government run here
things about this government run healthcare programme. So you have the facts and data going forward to see
to address some things about this government run healthcare programme. So you have the facts and data going forward to see how far left and radical this is you
Today I hit the the rationing verse
pricing model how there
there two ways to allocate scarce resources. You can rational price them. There is no third way, ladies and gentlemen, you will win a Phd in intergalactic,
economics, if you can tell me another way, to allocate scarce resources to people you can ration those resources. Are you can price them? There is no other way so throwing
prices them out the window by putting the government Control Belgrade's prices,
don't matter because the governments going to control it means there will be rationing. There is no other way I discuss that yesterday, but today I wanted to say
the price tag of doing that because there's
a pricing model. Does it mean there's not a price? Don't mistake! The two, a pricing model, one of the hallmarks of a capitalist system, a free market economy re folks, one of the hallmarks of it that way
being a con class. But these are simple things:
ability to trade, your labour for wage right.
In a non capitalist system, a socialist system. That's not what happens from
according to its ability to each accordingly was means what happened show, they did
socialists see Joe warmer costs as a potential radio engineer. They stick em in a radio engineer job any tell they tell em what he's paid now may tell the employer how much to pay him as this
We used to say you pretended to pay us and we pretended to work for those going to say right. That's the way it went down
spending some time in Russia's and early secret service agent when it back in
gee. Ninety nine, when the when the day that the fog of of socialism was still hovering over their economy, you go into a souvenir store to buy something they had. You know five six people,
the help and you on one little souvenir. One would pick out one but rapid. Why? What happened? What everybody had needed jobs in the old soviet days, so they gave him jobs paid them. Nothing and capitalist economy was havin a tough time figuring out what to do it. All these people.
So you can trade, your labour for wage. You can own free
property property- you can a private property.
That is a hallmark of a capital system. Socialism. The government owns everything. But third, this is
recent day their lives, they bid on everything from food and they have to work for that to car
on things every single day of their lives. They bid on everything.
From food and they have to work for that, to call
Mr Holmes,.
Those prices go up new produce?
come in to get those high prices? Competition drives
now this has happened over and over two out human histories. Why flat screen tvs? You can buy for like three hundred dollars right now when they were five thousand dollars just a few years ago,.
That pricing system matters. I bring this up,
because what we haven't discussed yet in detail at this point, is this government run health care even though it won't be free market pricing, the gun?
that will run it. It still has a price nobody's workin for free folks and that price
Stag is an astonishing thirty two trillion dollars over ten years. Oh yes, thirty, two,
trillion dollars over ten years for this government run healthcare system.
This is not a joke.
Ladies and gentlemen, this war bankrupt, as this will put us in a whole instead
Piteously think about the costs here:
dirty two trillion over ten years.
Higher amount the government spends in a year is a little over four trillion you're talking about wiping
nearly the entire federal budget over ten years. It would recall
are a doubling of taxes. Ladies and gentlemen, I doubling
What you're paying now.
Pick what you're paying now and double it it will devastate our economy. What would it all
so require which the Democrats are conveniently hiding from you government run healthcare require
Doubling of the tax rates you pay now, you want to make up
a double down to my point from yesterday about the waiting lists that what a car Kamel Irish reach, get rid of. Private insurance is waiting list. You take waiting lists or bad now.
Boy, you wait till the girl what a p jail work used to say. You think healthcare is expensive that way till it's free, if required,
doubling of taxes and a Force-
Percent cut in Rio.
Estimates the doctors and hospitals. Ladies and gentlemen, the way this
system works now in the system now is broken. It is broken precisely because the government pays right now for about forty forty five
Percent of healthcare. We have a high
bread system, that's failing on both fronts, the free market
side of it is failing, because the government is not reimbursing doctors at the cost of the value they add and the framework
get side is failing because after overcharge people to reimburse the die
there is for the amounts are not making on the government side. I know that didn't make a lot of sense or might explain it again. Here's what
happening now in the broken system. We have now because the government can't get its midst off our health care system, because the guy
it does not have the money to pay for health care for everybody,
what do they do? They pay
actors in hospitals, low rates for Medicaid and Medicare patients- those doctors-
Respond by limiting or putting on official quotas on the amount of medicate or Medicare patients they will accept because they can't make any money on right, but
The condition of staying in the system may have to take some.
A Medicare patients, so if the doctors
making any money on Medicaid, Medicare patients and their running businesses. They have to pay employees, administrative staff, there, electric bills they have to buy equipment, they have to pay rent for their doctors office. How
Joe or they making money there,
making money on the free market side by charging more to private free market health care. Patients who are then covering the dock
expenses they wouldn't have to the Arabic covered if medicated Medicare paid market rates, but they don't
This is what screwing up the entire system. The government's footprint in there.
If doctors were allowed to charge the value for their business, they would probably
I'd, be a short term spike before other doctors started to realize that was income to be made in certain areas. Several why's that
their charges so much. I can go in there and get some of his patients for less. It is only work
and single place. It's been tried flat, screen tv
is lay sick, plastic surgery, food
Which is as a percentage of our our annual income at some of the lowest amounts repaid in human history, because what did we do?
Capitalism works, competition drives thou prices, but there's no competition right now, because there's this struggle to make money off the free market. Healthcare system, from the loss of money on the government reimbursements now
the Bernie Sanders plan. Enigmatic Medicare for all plans which are disastrous, would require a forty percent for
zero percent cut in reimbursed
MR doctors or hospitals. Ladies and gentlemen, Medicare and Medicaid are bankrupt. Now I said this unhappy show less like this is a forest.
I am sorry to inform you. I know a lot of people like their Medicare new, have designed your lives around that. It is not your fault that I am not blaming you. They ceased
is bankrupt
There is no money to fund the long term, liabilities of Medicare, medicate or social security. None. Having said that, I
of grandparents as well. It is not your fault. Promises were made to you on behalf of a government. We elected that made enormous mistakes in inserting their foot near retirement your health care plant. I believe
We owe you the security of this, whether through the general fun taxes or whatever it may be, but
for anyone age, roughly fifty five or younger
counting on these programmes is outright foolish. You are you're denying math you're trying to tell me
five plus five equals fifteen. It doesn't
there's, no man there. There
no money, the law,
term liabilities should these programmes are approaching a hundred trillion dollar mark. We do not
of that money, we're too
a trillion, a debt right now.
Suggesting that a forty percent tax cuts in thirty two trillion in it of me, forty percent reimbursement caught the doctors nostrils followed up by
doubling of taxes to finance thirty two trillion a new government spending suggested
that's realistic in this debt environment. Where now is idiocy
Who do you have any idea? How many hospitals and doctors would fold and their businesses would fall tomorrow if they were told that overnight the government is taking off
the business and their reimbursements would be decreased by forty percent. Do you have any?
idea how many of them would follow up shop. The answers are staggering.
Staggering, how many doctors would have to leave the business? There's a darn good chance, the dock.
You ve, grown to love and appreciate for his services are services will be at a business or
overnight if they were to implement this plant. Ladies and gentlemen, liberalism is a real world cost. Ok, these policies bleed, they bleed their real they're, not
hi miracle they're, not that they're not fables. These are real.
Worried policies. Real people with real power, proposing running for the most powerful office in Ireland, the presidency United states these powers
she's plead mad. They are real.
They mean something they will hurt real living people. Your grandparents, you
They owe the laws of math and economics like anything else and the law.
As of math and purely economic say, these policies are destructive, they will destroy
your doktor hid. The hospital you go to
They will destroy your bank account, they will destroy our economy. They will destroy your economic future, your kids, economic future. They will ration your health care and you will sit on waiting lists. Those are facts. This is real.
And along with that abortion law up until birth, this
is who the Democrats are wake up,
says who they really are. This is
joke the party of
Kennedy is gone gone very it
There is no other John F Kennedy. Democrats are now Republicans that power
but he's disappeared. This is the point
Bernie Sanders and Harris far left radicals
openly speaking in public and advocating for policies that will do exactly what I just said.
All right, I haven't even started. I got to get to their tax stuff, you can say, is a great article national review. That's even that's! Going to
you're my is so good at it starts dry. You someone said
to me this morning. Listener send me articles all time. It is a very good one. I'm glad you found it. The biggest get through this first up today show also brought to you
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Ok, so this is who they are. The Democrats, here's another one.
This proposal for seventy percent tax rates, monstrous tax increases on the wealthiest, the Americans, people who may ten million or more folks. I
again. Are we living in a world where facts and data are relevant because if they are not, and if Europe
liberal listening to my show- and I know you're out there, because I get your nasty emails at times. You're welcome
listen to the show. But I'm asking you if your liberal and you they can
evidence and liberty lovers out there listening. My show should be asking your liberal friends that I have some. I do you
to be asking your chosen Maryland, surrounded by yeah, I'm in Martin County Florida word. It's pretty conservative count. I want you to ask
the liberal friends: do facts and data matter anymore because of facts and data, don't in fact matter this conversation is useless, but if you're out there with an open, mind and you're interested in what actually happens when we tax people at the rates, this new, this nuke
of Democrats- is proposing. These radical far left is
actually happens.
If you're not interested mad you're interested in an emotion and then what
Shapiro say you know, facts, don't care about your feelings. If you're interested in your feelings about the fact, this is not the chauffeur you call this,
The Rachel Matthau show we're so whatever. Where did the shows they did swimming and in our your feelings, all I'm not interested in some Tom
men, whatever their all
there, the liberals about baby and emotions and feelings devoid of facts and data. There isn't
just think slip in the Wall Street Journal today? How the Democrats I made this argument over and over keep saying what we need to go back to the fifties and sixty show where the top tax rate was close. The ninety percent I have made my
What are my debunked this section of my website? I put articles,
a written by my researcher, Matt Colombo, repeatedly,
banking. The idea that that ninety percent tax rate was what people act,
Will we paid at the top in the effective tax rate? Back then,
Roughly thirty one percent, in other words, were p.
Actually paying its roughly now about twenty seven percent, meaning despite the fact that in the fifties and six these there was a ninety percent tax rate on the ridge of the time, the wealthy of the times
Nobody paid it, nobody paid it. Are you interested in the facts,
another snippet from the Wall Street Journal tonight? Here's that take away liberal friends,
my conservative power, but in the fifties and Sixtys we had ninety percent tax rates and look at what we did
nobody pay that the effective tax rate-
actually close to thirty percent. It's about twenty seven, now, roughly the same even better
while she Journal has another data point today, Joe in
I'm tax revenue collected and nineteen,
these seven was,
seven point: seven percent of GDP at roughly those ninety percent top marginal rates affecting the wealthiest people of time. What is it today?
income tax revenue is eight point three percent to collect.
It is a percentage of gdp you're doing
they would have say here: income tax.
Revenue collected in the fifties at the rates the Democrats are suggesting. Ninety percent was a priest,
each point, lower as a bridge
average GDP territory
wow.
I should say roughly half a percentage point I wanna get you don't don't get the eight new seven Ghana shouldn round that that's irresponsible. It was roughly
half percentage point lower. The point is absolutely valid. Why
because nobody pay those rates at ninety percent tax rate tax evasion,
tax avoidance becomes a national pastime, its wide right there past. That is a baseball
its tax avoidance when you're rates or seventy ninety percent. That's exactly what people bid me,
king. It even worse, ladies and gentlemen, in the fifties and six these there is no internet,
but always not as mobile as it is. Now there were the reform,
international transportation networks and communication networks. We have now you can move money out of the country like that. You would
still a ninety percent tax rate, seventy percent tax rate at marginal rates at the top in his country. Now you can see capital flight out of this country, like you haven't seen before. So, let's be clear on this: the effective tax rate
for the entire economy was roughly the same, even at the ninety percent tax rates meeting whole lot of people avoided it and, secondly, the income taxes collected
as a percentage of GDP or lower under that high rate.
Not that any of these matters the people out there. In the liberals, I because you're not searching for the true you're searching for
it is to your feelings in your hard feelings. Bell
however, our nordic over national view up in the show no separate is very good. That hits on this topic and it did so.
What are slow but give it a shot on a very long peace, but it talks about
I was trying to find a way to sum it up to make it sound a little space you than meat than the article. It's so good, a toss
four issues, basically with bigger government and its free.
In terms of the J C D and see beyond I meant, but now you can see why you start you don't give it a chance. You ll be here, get past the first power it touch.
What are the joint committee on taxation in the sea be all the way
evaluate big government spending plans whenever it is health care, expansion, government control, a health care higher tax rates. How
its change through the years and there's four criteria which work against the socialists. At this point, the occasion
causes and the Bernie Sanders that make sense show here are four things: they're gonna have to overcome. If they really want to,
it sure that they enshrine bigger government and basically instil their form of socialism. Here in the United States, a rip, here's number one
the sea, be out in the joint committee on taxation factor in what we call crowd out.
Ladies and gentlemen, you hear from our case Yo Cortez Bernie Sanders, Kamel Harris and others.
This mistaken illusion that governments,
bending is somehow net worth, in other words, that when the guy
amidst spends. Money is spent
body which leads to jobs, William Sate, alter shovel, ready job, we got
Producers, in other words, the government's giving people money so Joe. If, if you're,
I hate to say when you found me, but if you economically illiterate Now- and you don't,
stay a basic cash flows that may
Extensive EU, especially if you're a liberal and you do know, homework it all and feelings matter more than your facts, I don't think I like your tone. You shouldn't.
The question is not where the money goes from. It's going to spend money on shovel, ready jobs, people that have jobs and they're going to be able to spend the money
I was a great economic prosperity, Shriver Corner the question,
Where did the money come from that that, where the money go doubling
came from you government
Those companies composites-
value government does not take glass microchips silica
plastic and put it in an Iphone and make all of those camp composites make this. It does not impose a product of higher value than the breaking down of its part government. Doesn't it
value to anything. My government simply
excellent gives to another and then, as
as as Lyndon Johnson Economic adviser called it. The leaky pocket as its taking
money from one person in a bucket and given it to another one, the bucket leaks, the bureaucrats take money, the lobbyists gag everybody gets, it gets a cut,
for it actually makes the somewhat of no value is added at all the point
for number one is the juicy tnc be I'll, do not count
Men, borrowing as net worth or value added
because the money is simply taken from you and then given back to you and end up your credit cost is taken along the way. There is
Oh value added.
Value added is everything in economics. Uk
a piece of glass, a microchip
you find out a way to make the next generation Iphone, it adds to people's lives, they use that next generation Iphone or enjoy or whatever it is, and they find a way to take better pictures to get their bid.
Stunned faster, the processors are quicker, and that is that airlines that adds value the government doesn't add value the government.
Takes from one person and gives to another with a leaky pocket due in the transfer government, borrowing, crowds out free markets when government take
money it doesn't have and spends it it has taken.
From people who have money where
people not lending their money. Now Joe
who free market businesses that actually add value, so here's the free market, adding value new phone.
New medicines, new health care, better, cleaner food
that would have been linked to those businesses to build and create more of that is now taken out of those businesses and giving it a leaky bucket to the government which takes its own cut and it just transfer. Is it the other people with no value added at all?
B. O estimates show that every five hundred billion in borrowing significantly reduces GEO p. You want to see the GEO Pe Gdp scares me.
It does reduce a GOP to because it made the Democrats, help people on this planet and people?
and there's less g congressional representatives and others stood captives Friday of this week. I read the report and there is a link to that report about our government. Borrowing
if we crowds out free market borrowing and lending which
destroys any value added. Second Joe
Bernie Sanders proposing thirty three trillion dollars in new spending over the next ten years. Thirty three trillion.
Now a case Yo Cortez is argued to you this ingenuously in a in
early nonsensical argument that all Joe all they have to do is tax people who make over ten million and what happens. The
vs among us, I'm sorry
but it's true because its bliss in the top twenty
sort of taxpayers already pay. Eighty percent of the taxes, the top
twenty earners out of every hundred people, you select the top
earners pay eighty seven cents of every tax dollar out there, so Don T V,
looking for me to start making apologies for the fact that rich people are paying more, you got the wrong show. They know
deserve I'd, I'm not that bad person. By the way we do ok, I don't make ten million.
Maybe one day I will but date, I don't
what their money in the government economy, I want their money.
In a free market economy where value can be added, I'm not envious of them. I don't care
closure, not breaking the law. I don't care
being a Haider S, speech
twenty toiling, don't hey
Don't worry I why you why you show jealous about it. We do your old thing. Why
you care, they took it, they were. They took a really talk.
You stole it from you? So a guy
I can what the hell do you up on the street at gunpoint, air body Tito's pockets
how do they steal it from you? Why do you care
we want to be defending ten people. May ten million are no? I wanna be defending liberty, that's what I want to be defined
getting the government the hell out of my life and yours, I'm tired of it
politics of envy government be worried about.
We agreed that you want to take someone else's bunny.
We want to confiscate the welfare, but if you want to take up of what you have earned it, if not yours, but that's not greed but
Oh the faction data matter so point number one: is it
Jason tease gonna put a limit on this, because government borrowing will destroy GDP growth and secondly,.
There is no money there for people who make ten million or more to finance these programmes. Here's the simple mass Joe people there.
MT of money over ten million that Ok Seo Cortez proposes to tax
hey? Hey Joe, was only too under forty five billion. So if you tax, there
at our proposed seventy percent rate of evil. Ten millionaires, you're lookin at between a hunt
sixty three hundred eighty billion dollars in revenue over ten years, less than one percent of GDP,
Ladies and gentlemen, please explain to me which simple math judges with with plain simple arithmetic, if you're capable of this on the liberal site, how do you expect, let's, with there
and say its two hundred billion raised over ten years and that these people don't move their money out of the country which they will it'll be far less. But let's throw the liberals a bone and assume they raise two hundred billion a ten year. Can you ex please explain to me how to run
billion over ten years, is going to finance thirty three trillion. A new spending I'll wait. Folks, any idea, John
How do you can reconcile those two numbers? Yet you can't because it's not gonna happen. It's the factory
mix, fetch is not going to happen. Gretchen men
It's gonna happen. You will not find it through,
three trillion a new spending with two one.
Billion in it optimistic tax receipts over ten years,
from those evil millionaires making over ten million dollars.
It surely knows. This is absurd. It's not gonna happen.
Prince tried this millionaire,
tax. What happen? People like the country
they got rid of it, Joe or even.
If a member Marilyn their former Governor Martineau Maui, far less
radical liberal whoop governor
before Larry Organ
instituted millionaires tax in Maryland. They said
who's gonna raise. I think it was what is
two hundred million dollars, or something like that.
Losing a hundred million dollars. People left Maryland. They moved out droves and thereafter millionaire number one. Turning the coroner guideline Millionaire close again call it in other parts of Europe millionaire trees, close intermediaries had about a floured out. These are about while got the day, laugh vacuum
aided the combat zone as quickly as they could listen to me. It lost money. You don't believe me, Google, it
but Molly millionaires tax. It lost money, listen liberal
Oh, do you understand what I'm telling you are going to be?
don't call him before you are a buffoon. If you believe this, they it
the Jura Millionaires tax to raise money and raise less money than they did before. The idea of a tax is to get buddy
people not lose body from people, but yeah. Let's keep
and eventually the working Party on French found out. This was a stupid idea. I say that
I shall not try to take a shot about. I spent a lot of time it right. I don't beat it, but then
obviously a little more socially liberal country and economically.
Broke. Even they figured this out since
We want you to ask our case your Cortez for the basic math here. Anyone ever on this score
TAT, Representative Cortez. Your projected tax on
before making ten million or more the marginal rate is projected to opt in
its only raise about roughly two
your billion dollars. How do you propose to finance roughly thirty trillion a new spending with that go?
What matters not the time, but it not the of course
particular can't answer to question.
So that was number two. I spend a lot of time in a crowd.
Number. One gonna be a problem with big government socialism. Second, there's no taxpayer
for there is no money, their third
the J C tea in the sea, be both factor in a corporate taxes, are simply passed on to consumers. So end,
ideas. These big government acolytes have that they are gonna.
Don't worry Joe, don't worry. We are only going to tax businesses everybody's like gas, the envious among us ghettos
people were ten million. I get told President Assad TAT Arm, we'll just tax the businesses. No, you won't. There are links
These two reports, showing conclusively that when businesses are tax, that higher corporate tax rates they simply pay
the prices on you, you pay the tax, not them
The business is simply a tax collector for the government, its
paying anything you can
corporation, the corporal
you should pass those costs of the higher prices to consumers. This is an art, that's an easy one. Just what
point so again any ideas these
socialists are gonna, have about expanding governor to face these four obstacles began after
Come crowd out by government borrowing, a cat
based. That's not existed to pay for a catch patient corpse
taxes? That's? U, despite it being framed. This attacks on businesses and one more fourth, one get that a second images like this.
I read out for another great company that is happy to be here and happy to talk to you, hey. What's your gift this Valentine's day,
this about taking ten or fifteen
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Next Joe, no more, not free amateur.
Get you some of this. You need some of this party. I do no more turkey. Next,
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So the number for final obstacle in the National Review peace, that Big governed,
socialists, like Sanderson Cassio Cortez are going to have to overcome
if they can't do any of that, surely they'll say wow. I know what to do will expand their big government.
Getting those stock people well just cite the capital gains. Tax are the words you sell a stock, you make money. That is a Kapital game. We will hiked attacks on that.
Because they know watch out. They know that sells to people who are economically illiterate Erika. What are they say? Look well does due to people now keep forget that, forgetting that
by the way that the overwhelming majority of those people are pension funds and middle class people whose retirement depends on investments, their pensions funds have made an error. I made even Calpers the cow
forty of pension funds go? There's a veneer close to ban can be close gotta because the bankruptcy at some point would all liability even cow present.
Estimates in stocks, but they leave that out, because when you,
about that. They see the Mr Money bags guy with the topic in this.
And that the bespectacled look and any oversize cigar. Don't worry about it
Tax capital gains, that's not gonna.
Either
because the J C p C have done so
homework, I'm that defending the sea be oh by the way, I'm just telling you what's out there now government policy wise at these lawmakers are going to have to deal with.
Their research indicates that every ten percent hike in the capital gains tax results,
a drop in the sale of stocks by eight percent. Now, why would that be? Well?
Most of you out there who are very intelligent of already figured this out. Some
slaying who were maybe of the liberal persuasion- may have a tough time.
Where new hide the tax on a sale of stock people, don't
Well, the stock they hold it until the capital gains
tax goes down there
already joe- does a ten percent higher than the capital gains tax result in a drop
These stocks sales it
also as resulted historically and the loss of the government revenue, you doubt me
ladies and Gentlemen Ronald Reagan. Although he was a big tax cutter on the income side,
compromise in an effort to level the playing field amongst income capital gains, a corporate taxes, Ronald
hi. Yes, hide the capital gains tax to twenty eight percent. He drew
the income tax rate, the top rate from seventeen to twenty eight percent
in order to make those rates or no one would move money from capital gains to income Reagan.
Those rates equal tax
already on each side, what
Then, when, under the Reagan administration, they hide the capital gains tax rate. The cap
brigades tax raise the hats, bought me a hoax, the opposite.
It happened that their bill Clinton, yes, the opposite Bill Clinton. Did the exact opposite
Bill Clinton, administration, height the income tax rate and dump the capital gains tax rate
The capital gains tax revenue went up up
finger at this I argued that listen, liberal
Don't let any these facts get in the way you dopey narratives.
You have nowhere to go with this. Your big government,
Kids are gonna, be stymied consistently by you having to tell the truth to the american people. Now, let me just say this job. If liberal
Wanna be honest and sell this to the american people. I am all for it not for their play
but for their honesty, in other words,
subject to your ideology strongly it's the whole goal of my life is too deconstruct false liberal golden calf promises, but I would
respect you more. If you were honest about what you're selling, I am hoping that the arms
because they're up against a J city will force,
rose and the media to cover these pie in the sky programmes. Honestly, if occasion
The court has wants to be honest and say folks, I proposing massive
spending in the green new deal in healthcare.
I ten million dollars more tax marginal tax rate is not sufficient. It's only gonna raising sliver than I am.
Asking you personally to finances, therefore, going to ask you to double your tax rate and to vote for me. Increasing your taxes in Dublin.
I would respect or more. She would be honest
Bernie Sanders Uncommonly Harris too, they would lose, but at least they be principle. My problem with this: they are not being principle, they are lying to you.
Capital gains tax, tat, get it from the stock buyers and sellers. No, you won't. You will lose money because people will simply holes.
Investments, we'll get it from the businesses.
You won't get from the business is now pass on. Other people will get
from the ten millionaires. Now you want there's no tax base for that, we'll get it from
red. Barring know you want that. Just comes from the people too, in the former crowded the honest, stopping frauds
do you ever want to stand for anything ever be principle, and at least, if you think your ideas are right and defend them, we don't,
this hypocrisy on the conservative side. This isn't an issue here. We stand for lower
access, because we believe the government is a toilet ball of government spending and outside of the constitutional rules of government are military and our court system. Every dollar turned over to the governments at dollar, wasted, there's no
accuracy, their lower tax
reach matter, because economic freedom, out of you,
However, your liberal ideology is rife with hypocrisy. It is everything wrong with this country. It is a fraud.
Scam. It's a scheme you're telling me
what things in our true you're
the worship, golden calves that was along. So we talk about who the democratically over the abortion government run
healthcare tax rates. There's another story. I wanted to hear today that I I just found yesterday their war against objectivity. Folks, oh yes, I know Joe said o, because this is one of the initial things we covered with a long long time ago. In the show we were doing it. My basement, we first started didn't realize the show would become as biggest
I'm surprised you remember that dude yeah, that's why they get like, because we used to do a Sunday show only if you go back and listen on sound on you see some of his original shows their trip, but
to explain the. Why the why matters the? Why always matters when the sky
liberalism when you understand why they do what they do. Everything makes sense everything as it goes
What the same battle plan, the liberals,
liberal radical with radical left that liberals heat religion for reason, it's it's not it's not just that
they pronounce God it's it's, it's not even religious. It's almost a secular hatred of religion, if that makes sense,
eight religion in the constitution,
Family values: they can't stand any of that because it creates an objective truth. Please
he's one of supporting, and maybe this is the last section of wounded. Democrats really are they did
something yesterday and I'll get too in the second month that it'll make sense to you when you understand what I'm telling you now anything that represents an objective truth, not subject to interpretation, in other words, an objective truth that big our rights, the right to economic freedom
the right to freedom, the right to self protection, the right to practise a religion, the right, the freaks free speech, big all rights and objective
is it: those rights are granted by God, not men, that a constant,
Jewish can enshrine those rights in a legal framework, but it doesn't grant them. It is
really a parchment protection legists.
If we have rights already granted to these are inalienable, they were granted to you by God,
the words they are objective: truce, not subjected to the whims of men and women.
Liberalism is in direct conflict with objective truth. Why? Because objective
Truth cannot exist in a system where liberalism needs to treat people unequally. Think about what I'm telling you. If freedom, liberty, the right to self,
section the right to work and earn your money and spend your money. If these are God,
given rights to remain free of the change of government. If those are
objectively, true, then
the subjective thought that taken treat people on it.
We or or or their assertion that they can treat people any. We cannot be true these two.
Holds, cannot coexist at the same time objectively, subjective truth,
christian values, stated marriages between a man and a woman, a woman,
and you are objectively granted the bigger right by God the practice, your religion. You believe that religion to be true that cannot,
This then a world where
Brussels wants want you to mandatory
wanted mandatory that you engage in and partaken a wedding ceremony that objects to your religious beliefs. You see folks, they cannot coexist. These two
circles, don't overlap at any point, liberals me to wipe out the
idea, big our rights and objective true, because everything is to be determined by the government at a later date. Economic freedom,
have economic freedom. If you may, ten million dollars will treat you want equally. What are you talking about, then nada
that's what a seventy percent tax rate is. It is treating p
economically unequally compared to people who make
million one million five hundred thousand a hundred thousand of fifty thousand people to make war that
Now what I said point stipulated that is
what I said. What I,
that is, you are treated unequally. That's a tautological statement. If I'm paying seventy percent of my income over a certain amount. As I work and go
work just like you do and paying twenty percent I being treated unequally, that's a tautological statement. Only an area would argue it totally. I get it
I heard you stipulated
they are also being treated unequally, but the idea of objective
put that people should be treated equally? I cannot coexist with the fact that liberals,
Their very nature requires Quist Christians to be treated any their religion is given second class status. You remember the night,
Columbus you're not allowed to serve and government service.
Your religion says life begins in the womb. I knew you when the moon, what it says in the Bible you're not to be treated seriously, you're an inch.
In the womb. You can be wiped out up until then the night. What devoid of your life, which
Atta conception, your life is wiped out there.
Requires you to be treated equally, if you're, an infant in the womb, bad objective, truth that life begins at conception.
Cannot exist if you
the inalienable right to life and then you're wiped out
are treated unequally, you're dead. They will attack anything that creates an objective truth, really
in God and bring all rights, are an objective truth. They are not subject to the whims of then they have to be wiped out. Liberals me
It's treat people unequally, people cannot be
it'd unequally. If it is subjectively true that people should be treated equally, you you dig this
Spain's their war on religion and specifically Christianity,
bring. This, of course, is a story haven't shown its today Fox NEWS that com, please read it about
the House Committee would knock on natural resources once you strike from the oath people take when they testify in front of him at the end, so help me God. This is not a small thing, ladies and gentlemen.
Liberals are doing this again for a reason they are doing it because they want to wipe out the
influence of religion from your life, because it could
it's a series of laws and objective truce that you live by that directly conflict with a liberal ideology which requires an expansive subjective government to change.
The rules on days notice to get to a desired ends and better
socialists. The ends will justify the means.
The ends never justify the means and a system of objective. True, the means are a series of objective two in a free society, the means matter. The means are everything not to liberals, who are the Democrats
They are people who do not believe any more big, our God given rights.
They must treat people unequally. They must wipe out the info
religion in your life, because it creates an objective truth of equality amongst people created in the eyes of God that does not coexist with their subjective.
We need to change the rules on the whim to get to a desired policy goal. They cannot treat h.
Out in the womb equally, as
human being who exit through existed when they can't you have no an ill, inalienable right to life that kid coexist with objective two. They can't keep
people who work for living who make a certain amount of money that can allow them to be treated equally as people who work the same amount, but don't make that amount of money.
Doesn't matter. They have to be treated unequally. That's
liberalism is health care. They can't treat people, people equally
they have to institute a system of government. Enforce rationing were only the connected to the government. Few we'll get speedy health care; they don't want people
equally the people with no influence. You're gonna sit on waiting lists, objective shoot doesn't exist with them.
And I M trying to strike so help me. God is just another indicator of their war on big our rights and objective truth. I thought I had a lot more to get to him. I have to get some of it tomorrow. Haven't another story of his interesting today about a potential cure for cancer
nah. It's was picked up by their new posts. Yesterday, the Jerusalem Post on the rise and read the story. It's just interesting that we may be on the yeah
the horizon of, I mean think about it, you're, not just the cost in in tragic whom
suffering. All of us have been touched by cancer, all of em,
but you know someone or know someone who knows what it is
urge on humankind and I sent out a tweet
Should I say God please tell me, and I meant that I was that uses name in vain. Please tell me, the story is true and you have bless them.
But the inspiration of fine this, but not just the human cost and suffering. Ladies and gentlemen, if we found it,
Or for cancer which may be on the horizon, if you read the story now I get too optimistic, but think about the cost of me
people can you imagine just an health care alone. The
trillions of dollars to try to have you know a bit.
Ameliorate, the suffering and an ah, my gosh, I mean just this- would be a
We should be one of those hinge moments in human history. It would
It would be a hinge moment in human history, equivalent of like
care industrial revolution. I pray to God it's true identity,
Jude in internet really enjoyed today show I hope you did as well. I was enjoy your feedback to thank you very much and serious if there is an elbow surgeon out there who is really good Opie, please email,
contacts on the website. I would love to hear from you
and I yes said, thanks for other good dead, the kind words about Fox, please subscribed to the show on Itunes. It's free. You got Itunes,
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I'll see you all to you just ten bungee knows you can also get dance, progress on Itunes or sound cloud and follow then on twitter. Twenty four seven at De Bonn, GINO.
Transcript generated on 2020-03-02.