GLENN: Also, I want to get into this bizarre press conference on Friday with

Barack Obama and Bill Clinton. I've never　--

PAT: I've never seen that before, before..

GLENN: That's so bizarre.

PAT: If that was George Bush and H. W. Bush doing a press conference there,

where one takes over for the other and the other leaves and it's the

non-President now, the former President, taking over　--

GLENN: When the President says　--

PAT: The press would have had a field day with that.

GLENN: And when the President says, I've got to go, I will tell you this, I've

got to go, I'm keeping the first lady waiting, you know　-- the other President

would say, thank you, good night, and leave. He doesn't just then lean on the

counter and, like, Okay, so, now we've got him out of the way. Let's do some

real talking here. It was bizarre.

PAT: It really was.

GLENN: Do you know what I thought of this morning? I woke up in the middle of

the night and sometimes completed thoughts　-- the only time I have completed

thoughts in the middle of the night, but I thought to myself, okay, we're

talking about a new global structure. They're talking about global everything.

They're changing the structure of what we are and does anybody know what we're

changing into? We can guess, but when we had the Constitution, the Federalist

papers are　-- were arguments to convince the people that this is what we needed

to do and have a Constitution and not an articles of confederation. And so they

convinced them, this is what we need to do. I have not heard anybody lay out the

case on this is the new global structure and this is what it does and how it

works, this is the new structure in the United States, that we can just bypass

Congress, where we have creepy, you know, two-President press conferences. I

don't know what is even happening anymore. Where is the case to lay out whatever

this new global government is going to be and what are we going to call it? New

global order, new democratic socialist states? What is it? What are we building?

Because I'd like to know. Will anyone in the press ask, because we have this

bizarre press conference happening, we have fires　-- they started the fires yet

again in London. We have democratic socialists globally marching in the streets.

This is not an American thing. This is a global change and I wonder when people

are going to get it. I wonder what it's going to take before people get it. Play

a little of the Bernie Sanders. What are we doing with Bernie Sanders? Why are

we　-- why are we talking to a socialist? Listen.

SANDERS: So, these cry babies, these multimillionaires and billionaires, these

people who are making out like bandits, they are crying and crying and crying,

but their effective tax rates for the top 400 income earners in America was cut

almost in half.

GLENN: Okay. Can I ask a question? Why are we talking about the top 400 tax

earners?

PAT: Why would you cut it off there? Why in the world would you cut it off

there?

GLENN: Let's talk about the 800 lowest in America. Why would we talk about that?

That doesn't make any sense

STU: Because they know they can pull a number out and it sounds impressive, even

if the tax doesn't apply to the top 400.

GLENN: What they're talking about there is　--

PAT: Dividends.

GLENN: Dividends.

PAT: Because if you're　-- if you're a billionaire, you still pay the 36% or

whatever it is

STU: Yeah. 35, yeah.

PAT: You can't get half that rate. You can't

STU: Right. When all of your money comes from investments that you've made with

money that has already been taxed, then you get taxed the second time.

PAT: And what they don't say it's you've already been taxeded on the first part

of that.

GLENN: So, you're paying 36% plus 15%

STU: Yeah.

GLENN: Because you paid it　-- you earned the first time. You paid. Then you took

that money and you invested it.

PAT: Sorry. We're just helping.

GLENN: Why don't you-guys just　--

STU: I like to think where we complete the words you're about to say, it's

effective radio.

GLENN: Stu

STU: You're fired.

GLENN: So, here it is. Here's some more.

SANDERS: 1992 to 2007 and I think the point that needs to be made is that　--

PAT: Here's a point that needs to be made.

SANDERS: When is enough enough? And not really　-- (Inaudible) we're talking

about.

PAT: Wow.

GLENN: Stop. When is enough enough?

PAT: When do you have enough money? I don't know. Bernie, why don't you set that

level for us? Is it $100,000 and then you just can't make anymore? The

government gets every penny over 100 grand.

GLENN: Let me say that I had a conversation with John Huntsman, who is a

billionaire, has been on the Forbes fortune, what, 50?

PAT: Oh, yeah.

GLENN: For a very, very long time and fell off two years ago because he's giving

his money away and I was in his backyard and we were talking up to his porch and

I'll never forget it. We were halfway up the stairs and he stopped me and he

said, Glenn, you have to decide how much, how much is enough and I said, Excuse

me? And he said, How much do you want to make? What is enough to have? And I

said, I don't know. And he said, You should decide. You should decide. And I

said, All right. Why? And he said, Because you can get trapped in it. He said,

The people that I have known, they can so easily say it's 10 million, it's 20

million, then it's 50 million, then it's 100 million. He said, It never, ever

will be enough, he said, So, you should decide what's enough for your family and

then pursue it for other reasons, but decide what's enough and I said, Well,

what do you think is enough? He said, Oh, no. That's for you to decide. That's

the key. . That's for you to decide, not for Bernie Sanders to decide, not for

President Obama to decide, not for anyone else to decide, not for John Huntsman

to decide for Glenn Beck, not for Glenn Beck to decide for you. How much is

enough? You decide. I mean, I really　-- I really don't understand it other

than　-- I mean, let's go to Karl Marx 10 planks to seize power and destroy

freedom. Are you ready? His 10 planks. No. 1 is abolish property in land and

application of all rents of land to public purpose. So, in other words, let me,

let me just see if I can think out of the box here. Let's say Freddie Mac and

Fannie Mae, they decide to just buy up all of the mortgages and all of the loans

for buildings.

PAT: That sounds preposterous.

GLENN: I know. Only 98% of them this year. And then they would say, Hey,

let's　-- do you know what? People can't pay their mortgages. We'll just absorb

it and you just pay rent to the Federal Government. That's No. 1 on Karl Marx's

10 planks to seize power. No. 2 is a heavy progressive or graduated income tax.

PAT: You would never have that here.

GLENN: No. 3, abolition of all rights of inheritance.

PAT: See, that would never　-- I mean, like an estate tax sort of thing, where

they take, you know　--

GLENN: No. 4 is confiscation of property of all immigrants and rebels. No. 5,

centralization of credit in the hands of the state. Well, wait a minute. Hang on

just a second. You mean like credit like　-- you mean like nobody gets a student

loan without going to the government?

STU: Yeah or, like, 90% of all mortgages came from a government sponsored

entity, something like that.

PAT: Good thing that's never going to happen.

GLENN: Centralization of meanings of communication. What does that　-- that

means, like, trying to control the　--

PAT: FCC would take over the Internet and control, like, through fairness

doctrine radio.

GLENN: Centralization of transport in the hands of the state.

PAT: Transport in the hands of the states, like the FAA feeling you up, going

onto an airplane or something like that, where they make it really tough to

travel. (Laughter.)

GLENN: Extension　--

PAT: That would never happen.

GLENN: Extension of factories and instruments of production. The bringing in to

cultivation of waste lands in the improvement of the soil.

STU: I'm all about soil improvement.

GLENN: Equal liability of all labor.

STU: Hum.

GLENN: Combination of agriculture with manufacturing industries, the gradual

abolition of the distinction between town and country by more equitable

distribution of the population over the country. Free education for all

children.

PAT: Oh, I'm glad we're not even thinking about that.

GLENN: We've got almost all 10 of them happening right now.