Glenn Beck: Time to jack up taxes

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Bloomberg: NYC Income Tax Could Rise 15 Percent

GLENN: I want to talk a little bit about Bloomberg and what's coming just for New York City, New York and then the rest of the country and I want to explain how trickle-down economics actually works and then I would like somebody to explain trickle-up economics. Remember, the rich aren't paying their fair share. The rich aren't -- you can tax them more, they've got lots of money laying around, they will never notice it gone and those small businesses that make over $250,000 a year, don't worry about them. They've already gotten theirs. We've got to now take it and make sure everybody has that opportunity. Got it? Same time, Barack Obama says this is good to do. However, now in this economic situation we're not sure if we can do it. He might wait. I don't understand that one. You might wait to rescind the Bush tax cuts because of the economic situation, but rescinding the Bush tax cuts is the right thing to do, but we have to wait until we get out of the -- trying to make this work in my head here. Let me see if I can -- I think what he's saying is we have to let capitalism heal the economy before we implement socialism.

So explain to me how trickle-down economics works. Then I'm going to give you the scenario. I was thinking about this this morning when I read that Bloomberg is going to raise taxes in New York City by 15%, okay? I just want to look at -- let's just look at, you know, let's say my tax situation. Pay 30, what is it, 36%? I'm going to be raised to 39%. That's at a bare minimum. So let's just round the numbers off, 40% for income tax. 40%. Great. Now Bloomberg, I'm already playing I think 5% in city tax. So 5% city tax. He wants to raise that. I believe that's -- we're talking about a cap of, what, 9% or 10% of tax? Let's just say it's 10%. So we now have 40% for the federal, we have 10% for the city. That is now 50% of the income gone. Then you have 5% for the state. Now we're at 55%. Then we look at my local, my real estate taxes, your real estate taxes, all the other taxes. For a small business -- remember those evil businesses that are making over $250,000 a year -- you can now find yourself paying about 60% of your income to taxes. That's not including everything that you buy, that you pay an additional 6% on. So you're paying a minimum of about 60% to a government, probably closer to 65% when all is said and done.

So I happen to pay tithing. Now we'd be at minimum 70% of my income, closer to 80% of my income which now leaves me the whopping 10% -- 20% of my income. 20% of my work, of my time. 20% is what I'm left to now run my business. Huh. Oh, and my house and my life. Got it. 20%. Let me make you a promise. This kind of stuff happens, businesses all around the country will not be able to do business.

Let me give you the example. This Christmas show has cost me a fortune to do and I'm thinking about this this morning. I'm thinking, all right, the Christmas show, the Christmas Sweater. Could I even afford to do it next year? The answer is no. This will most likely be the last time this Christmas show is ever seen because I couldn't afford to put it on because of the taxes and the tax burden that would be coming my way. If these things come to pass, then there's no way I could afford to do business.

Now, here's where trickle-down economics works. People will say, oh, well, that's no big deal, he's got enough money, he's got this, he's got that, blah, blah, blah, blah. I just want to think of the people that we employ. First of all, I have the entire radio staff. Then I have a stage staff. This is all they do. They just work to produce these shows. We have a Broadway director, we have three composers, we have a conductor, we have eleven people in the orchestra, we have a singer, we employ all of the people at the stages, at the union houses that are going to turn on the lights. They are going to open up and sell the tickets and clean the theater and run the stage show. All of these people all across the country will not be employed next year. Now, these how trickle-down economics works. The unions will scream because they've got to have more money but they price themselves out of business because people can't afford to go and put the show on and if they can't afford it, they will just say, well, we'll pass it on to the consumer, but the consumer then can't afford to buy the ticket. It's already happening.

I mean, in this stage show, because it's being produced in New York, all the unions have to be involved. I've got -- currently I've got a situation where I can't have -- we've hired the stage manager from Cirque du Soleil to do this show. I can't get the stage manager involved because her union contract says she can't work certain times. We all say, "Okay, well, we really need her to do this now." We can't have her do this now. We can only have her do certain things at certain times and when those certain times come -- this show is unique -- we don't need her to do those things. But she's got to do them. It's insanity. I have to hire certain people to do certain things that I don't need which increase the cost of the tickets which increase the cost of the production which, after taxes and everything else that are coming our way, which increase the odds that I can't hire any of these people. Okay, that's how trickle-down economics works. You hurt the guy at the top and then nobody has a job.

Explain how trickle-up economics works. We're talking now about getting rebate checks. We're talking now about getting people to get a rebate, which is the most insane thing I've ever heard, a rebate check. Think about this. Would it be easier just to lower taxes? Would it be easier just to say, hey, don't pay taxes, "Hey, you don't have to send this money in," or is it better to have all that money sent in, then have this giant machinery and this apparatus go through all the paperwork, figure out who it belongs to, who it should go back to, find out their address, have them fill out applications so they can get the money, print those checks, send those checks. How much money is being wasted on rebate checks? It's not about doing the right thing. It's about buying constituents. That's what that's about. Because the logical thing to do would be to reduce taxes on those people who pay taxes, but this is again about the redistribution of wealth. Because you can't reduce the taxes on the people who have already paid taxes. You need to give money to people who don't pay taxes. Well, again, I ask, is the number of people who don't pay taxes going to get larger or smaller? Once you've hurt the people at the top. It only makes sense that it's going to get larger. How many people will we not employ next Christmas? A ton. What do those people do? They get their money from the government. They become slaves. They get free money for not working and they get it from Uncle Sam or Uncle Obama. It doesn't make any sense. It's never going to work and that's why Obama needs capitalism to heal, before he implements socialism. You immediately go and redistribute the wealth. You immediately take the wealth -- the first thing you would do in office is raise those income taxes, make sure you get money from those people. Quick, it's the thing we've got to do. They wouldn't be having a stimulus package. They wouldn't be talking about bailouts. The first thing we would do is talk about talk about taxes, if higher taxes helped. That's the first thing they would have on their agenda. But it's the last thing on their agenda because they know it hurts.

Now, at the same time Bloomberg and cities all over the country -- did you know that California, California, a state that actually asks the United States government for a bailout, do you know what the people of California just voted for? New York City, New York City, a city that just said that they are going to have to raise all of those taxes, they are going to have to bring everything up by 15%. Is this the same city that just spent $249 million, a quarter of a billion dollars on hybrid buses? And it wasn't just to help congestion. It was for global warming. So the same guy who says we're out of control, we've got -- they don't cut the spending. Oh, sure, they are talking about cutting a little spending. You know what they're talking about cutting? They are talking about cutting police officers. Oh, in New York City, cutting police officers. That's brilliant.

Former President Barack Obama sat down with CNN's Anderson Cooper recently for an interview scheduled to air in full on Friday. During the interview, Obama scoffed at the idea that critical race theory could be a "threat to our Republic," while claiming that "right-wing media venues" are "stoking the fear and resentment of a white population."

On the radio program Wednesday, Glenn Beck set the record straight: the right-wing media's efforts to call out the far-left have nothing to do with race in America, but rather everything to do with protecting our way of life that is being threatened more and more each day by the radical, Marxist ideology seeping into government.

"Mr. Obama, you lied," Glenn asserted. "You used the IRS to hunt down your enemy. You spied on the media. And your health care package, which was supposed to save every American $3,000 per year, has helped some, perhaps, while raising the cost of everyone's health care in double and triple percentages. But the worst thing that you did, is you planted, you watered, and you protected the Marxist seeds, by crying race."

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Our sacred republic has never been in more danger than it is today. Little by little, industry by industry, the far Left is fundamentally transforming the country we love. And it's an aggressive, hostile kind of takeover we've only seen in some of the world's darkest societies.

On Glenn TV this week, Glenn Beck exposes how the Biden administration and Democrats are aggressively scrambling to reset everything: our free and fair voting system, our kids' education, our policing, immigration and border security, our economy, our military, and our energy supply.

Finally, Congressman Dan Crenshaw (R-Texas) joins to discuss how Biden's "woke" policies are threatening America's national security and our way of life.

Watch the full episode below:

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Apparel company The North Face recently stated that it would no longer make jackets for oil and gas companies because it doesn't want to be associated with the fossil fuel industry. In response, Colorado-based oil and gas company Liberty Oilfield Services rented full billboard ads to remind The North Face of the truth: "Globally, 60% of all clothing fibers are made out of oil and gas. For North Face, it is likely 90% or more."

Liberty CEO Chris Wright joined Glenn Beck on the radio program Tuesday to discuss just how much of our economy — beyond outdoor apparel and energy — wouldn't exist in a world without fossil fuels. And he warns that many companies are now deeming this truth to be "controversial."

"I have been for years, trying to get a real, honest dialogue about energy going," Chris told Glenn. "So we took this opportunity to point out that North Face jackets are ... almost completely made out of oil and gas. How can you choose not to associate with the essential material your equipment [is] made out of? So we put a billboard up ... the billboard says, 'That North Face puffer looks good on you. And it was made from fossil fuels.'"

"Most billboard companies did not want to run that billboard. They thought it was controversial," he added. "And Facebook put a hold on our brief video just saying the jacket looks good, this is what it's made out of. In today's world, that is controversial."

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During a lecture at the Yale School of Medicine's Child Study Center, a New York City-based psychiatrist told students and faculty that she fantasizes about "unloading a revolver into the head of any white person that got in my way," among several other shockingly race-hating statements.

In April, Dr. Aruna Khilanani — a New York-based forensic psychiatrist and psychoanalyst — delivered the talk called "The Psychopathic Problem of the White Mind" virtually as part of the Yale School of Medicine's "Child Study Center Grand Rounds," a lecture program for "trainees in child psychiatry, psychology, and social work, faculty, clinicians, and scientists."

On the radio program Monday, Glenn Beck shared several quotes from an audio recording of the lecture provided by Bari Weiss, a former opinion writer and editor for the New York Times.

Here are a few of Khilanani's statements from the audio:

  • "This is the cost of talking to white people at all. The cost of your own life, as they suck you dry. There are no good apples out there. White people make my blood boil."
  • "I had fantasies of unloading a revolver into the head of any white person that got in my way, burying their body, and wiping my bloody hands as I walked away relatively guiltless with a bounce in my step. Like I did the world a f***ing favor."
  • "White people are out of their minds. And they have been for a long time."
  • "White people feel that we are bullying them when we bring up race. They feel that we should be thanking them for all that they have done for us. They are confused, and so are we. We keep forgetting that directly talking about race is a waste of our breath."
  • "We are asking a demented, violent predator who thinks that they are a saint or a superhero, to accept responsibility. It ain't gonna happen. They have five holes in their brain. It's like banging your head against a brick wall. It's just like sort of not a good idea."

"We must take a stand. We must speak out, because this is evil," Glenn said in response to Khilanani's shocking lecture. "I don't care who you voted for, you know this is evil."

Watch the video below for more details:

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