Taxes Part II: What Is a 'Fair' Income Tax Rate?

The history of taxation in American has a long and infamous history. Since the imposition of the very first tax --- The Navigation Tax of 1651 --- taxes have been wildly unpopular in America. When the Constitution was written and ratified, the only taxes allowed were to pay the debt and provide for the common defense and general welfare. At times, taxation was implemented during wars to fund the government and the war effort, with no intention of becoming permanent. However, since 1913, the United States of America has adhered to a communist plank second only to the abolition of all private property: a progressive or graduated income tax.

What purpose does an income tax serve? In our four-part series on taxes, we'll explore its history in America and how a tax once promised to never climb above seven percent has, at times, ballooned to 77 percent at the hands of an out-of-control government.

Part II: What Is a 'Fair' Income Tax Rate?

Americans hear the refrain "fair share" virtually every day from left-wing sources like socialist Bernie Sanders and progressive Hillary Clinton who believe businesses and the rich must pay their fair share of taxes.

So what is the fair share for the wealthy? It's nearly impossible to pin the left down on an actual number. According to them, it's simply more --- more than the 42.6 percent in federal taxes currently being paid by those in upper income brackets. It's apparently entirely fair to the left that 50 percent of Americans right now pay zero federal income tax, and some even enjoy what's called a negative tax rate.

FDR told Americans paying higher taxes was a privilege. He also believed, at a times of great national danger, no American citizen ought to have a net income of more than $25,000 a year after paying taxes. It seems reasonable to assume that Karl Marx would have agreed. The outrageously high taxes throughout the '30s and the '40s certainly didn't help America pull out of the worst depression in American history.

As it stands now in the United States, the top one percent of wage earners, those who are continually disparaged by the left in America, bring home nearly 18 percent of the nation's income. But they pay 35 percent of all federal income taxes. That would seem, to some, almost double their fair share.

So what happens when the tax rate is raised significantly? Study after study has shown that when taxes are lowered, it stimulates the economy and brings in more revenue. For example, during the Roaring Twenties, tax rates were slashed dramatically, dropping from over 70 percent to less than 25 percent. Personal income tax revenues increased from $719 million in 1921 to $1,164,000,000 in 1928, an increase of more than 61 percent. Increasing taxes also hurts the tax base, as oftentimes people and businesses flee higher tax states for lower tax states.

In 2012, French socialist candidate for president, Francois Hollande, proposed a massive 75 percent income tax on the wealthiest citizens. It didn't go over well with some of France's most well-known millionaires. French actor Gerard Depardieu was personally handed a new Russian passport by the President Vladimir Putin after Depardieu was granted Russian citizenship. The tax revenue from the super tax was down significantly from the first year to the next, while the deficit skyrocketed another $97 billion. In January of 2015, the French government quietly killed the tax.

Unfortunately, historic lessons once learned have been unlearned. Instead, the mindset is now this very much in step with the socialist and communist planks of punishing the wealthiest producers with the highest taxes --- completely antithetical to the Founders' position on taxation.

Listen to the Full Series on Taxes

Part I: How Income Tax Began

Part II: What Is a 'Fair' Income Tax Rate?

Part III: The Reagan Years

Part IV: The 2016 Candidates

On the radio program Friday, Glenn Beck discussed the recent news that a primary source for the Steele Dossier — the document on which much of the Trump-Russia collusion investigation was based — had been investigated by the FBI for contacts with suspected Russian spies. Glenn also shared several previously unpublished texts and emails from FBI agents have recently been released.

According to a letter sent by Attorney General William Barr to Senate Judiciary Committee Chairman Lindsey Graham (R-S.C.) on Thursday, the FBI knew early on that the research compiled by ex-British intelligence agent Christopher Steele relied on a "Primary Sub-source" that had been "the subject of an FBI counterintelligence investigation from 2009 to 2011 that assessed his or her contacts with suspected Russian intelligence officers" — but still used it to obtain warrants to spy on former Trump campaign-aide Carter Page.

But, it gets even worse. Now, new leaked texts and communications from FBI agents within the department at the time of the entire Russian collusion effort were disclosed in federal court filings on Thursday. According to the court documents, FBI agents purchased "professional liability insurance" to protect themselves in January 2017, just weeks before Donald Trump was inaugurated president, because they were concerned about the agency's potentially illegal activity during the Russia collusion investigation.

"Trump was right," one FBI employee wrote in response to then-President-elect Trump's Jan 3, 2017 tweet which read: "The 'Intelligence' briefing on so-called 'Russian hacking' was delayed until Friday, perhaps more time needed to build a case. Very strange!"

Watch the video below for more details:

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Chief researcher Jason Buttrill joined Glenn Beck on the radio program Thursday to discuss an "explosive" new report released Wednesday by Senate Republicans on Democratic presidential nominee Joe Biden's son, Hunter Biden, and the Ukrainian energy company Burisma.

Among other serious allegations, the 87-page report claims that "Hunter Biden received a $3.5 million wire transfer from Elena Baturina, the wife of the former mayor of Moscow," and the richest woman in Russia.

"The transactions discussed [in the report] are designed to illustrate the depth and extent of some questionable financial transactions. Moreover, the financial transactions illustrate serious counterintelligence and extortion concerns relating to Hunter Biden and his family," the report stated.

Jason suggested the Senate's findings provide additional evidence to back allegations of a money-laundering scheme, which Glenn detailed in a four-part series about Biden's shady connections to Ukraine. Learn more on this here.

"Laundered money is very hard to track to its finality," Jason explained. "I'm sure the Biden camp is really hoping that it just looks suspicious, but [investigators] don't ever find the eventual end point. But, if they do – and it's possible they already have – this is going to be explosive, very explosive."

Watch the video below for more details:

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Revolutions rarely happen overnight. The Left started laying the groundwork for November 3, 2020, the moment Hillary Clinton had to concede the 2016 election to Donald Trump. It was always solely about getting rid of President Trump — and there's a playbook for that.

Last week, Glenn Beck showed you the "Seven Pillars of Color Revolution" written by a former U.S. diplomat, which are the conditions that must be in place for a successful Eastern European-style "Color Revolution." The left seems to be pushing for a Color Revolution this election because they are using the exact same playbook.

In part two of this series, Glenn peels back the layers on the first four of these Color Revolution pillars to show you how they work and what the end goal is. And he reveals one of the architects of the playbook – a Color Revolution specialist, former ambassador, and former Obama administration official who is one of the key masterminds of this revolution.

Joining Glenn is political campaign veteran and BlazeTV host Steve Deace who says the polls that claim Biden is leading the race "are trash." We're being set up to believe that if Trump wins in spite of the polls, it must be an invalid election.

Watch the full video below:


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Sen. Ted Cruz: NOBODY should be afraid of Trump's Supreme Court justice pick

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Sen. Ted Cruz (R-Texas) joined Glenn Beck on the radio program Wednesday to weigh in on President Donald Trump's potential Supreme Court nominees and talk about his timely new book, "One Vote Away: How a Single Supreme Court Seat Can Change History."

Sen. Cruz argued that, while Congressional Democrats are outraged over President Trump's chance at a third court appointment, no one on either side should be afraid of a Supreme Court justice being appointed if it's done according to the founding documents. That's why it's crucial that the GOP fills the vacant seat with a true constitutionalist.

Watch the video below to hear the conversation:

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