Soaking the Rich Never Works




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The New York Times is doing their best to cover the spending tracks left by President Obama. The op-ed, titled "The Truth About the Deficit" could win gold in mental gymnastics. They bend, twist and contort the facts into a pretty little ball of "blame Bush."

I showed you yesterday that George W. Bush was part of the problem, but Obama is pressing the accelerator. The Times claims that the deficit is the result of cutting taxes on the wealthy and they offer this stern warning: "The last thing the government should do is slash spending."

History tells us that "taxing the rich" and slashing government spending are both progressive lies. I read a lot and I read a lot of in-depth history. I could send you to "Woodrow Wilson and the Roots of Modern Liberalsm," but it will make your eyes bleed. Instead, this is a beginner's book of history, a gateway to the history that no one is teaching: "A Patriot's History of the United States."

I can't believe I'm going here, but let me tell you a little about Presidents Harding and Coolidge.

Andrew Mellon — he was the Timothy Geithner without the TurboTax scandal — did a study in 1921 on why the wealthier classes had paid less and less in taxes as the government raised the rates on them over and over again. Mellon found that higher taxes actually drove the money underground.

Let's put it in today's context. On Monday, I showed you the reports on Oprah Winfrey and her mansion in Montecito, California — because California has one of the highest progressive tax rates on people making over $1 million a year, she actually monitors the number of days she stays there, in order to avoid being considered a "full-time resident" and thus avoid paying the full punishment in taxes.

Here's another example: In 1969, Ireland introduced a tax-exempt status for artists. When they decided, in 2006, to put a cap on that tax break — 250,000 euros — Bono, another one of these celebrities who champion progressive politicians, promptly moved U2's business operations to the Netherlands.

That's how the money goes "underground," just like Mellon found in the 1920s; the uber-rich look to save money any way they can. And as long as it's legal, I don't blame them. But it drives me nuts when I see people like Oprah campaigning for the guy who wants more taxes and then she doesn't want to pay the taxes.

I mean, who do you think he's talking about when he says "the wealthiest one percent?" Come on, Oprah! Do your patriotic duty, like Vice President Biden says.

How about Michael Moore? I thought the rich don't pay their fair share? So why did he apply for and receive a tax credit from the state of Michigan of all places for shooting his latest film there? Michael, why are you so greedy?

Soaking the rich doesn't work; they move their money as California and New Jersey are finding out. They leave the state. New Jersey in four years has lost $70 billion in wealth.

They leave!

In the 1920s, Mellon found that "the rich" tended to invest abroad rather than build new factories and mills in the United States and pay the 73 percent tax on the income from those investments. That's right, 73 percent.

It didn't start that way, though. When progressive Woodrow Wilson introduced the "progressive income tax" in 1913, the 16th Amendment had to be passed because income taxes were unconstitutional. How did these reformers manage to get it passed? They said taxes would be extremely low. Many would pay no taxes at all.

The richest of the rich only paid seven percent, while the average American paid one percent. Of course, it didn't last. By the end of Wilson's term the lowest bracket bumped up to four percent and the highest at 73 percent.

President Harding decided to listen to Mellon. And from 1921 to 1926, Congress worked to reduce the top tax rates. Eventually they got to top rates down to 25 percent. The result: Tax revenues from the wealthiest taxpayers tripled. The national debt dropped from $24 billion to $18 billion.

President Calvin Coolidge assumed the presidency in 1923 after Harding suddenly died and continued with the smaller government, lower tax strategy. He talked about not building up the weak by pulling down the strong; not being in a hurry to legislate and cutting the size of government. Coolidge and Harding decreased the real per capita federal expenditures from $170 per year in 1920 to $70 in 1924.

These policies, along with fostering the mentality of self-reliance (the opposite of what progressives had been preaching the previous 20 years) and the opposite of what they preach now, by saying "too big to fail" or you can't make it without government safety nets.

What followed was arguably one of the most prosperous eight years this country has ever seen. You've probably heard of a little term called "The Roaring Twenties," right? The progressive history books have done their best to hide the fact that a lot of it had to do with Mellon's tax policies, including the tax cuts for the wealthy.

Progressives don't want you to know this. They'll say the tax cuts and small government caused the Great Depression. No, I'm going to go out on a limb here and use common sense: The same things that caused the problems of today were the root of the problem in 1929: greed; the Federal Reserve; government making every single mistake. The president before the crash was a Republican, but a progressive Republican. But, that's for another show.

Let me get back to what happened when they cut taxes in 1921:

Automobile production was up 191 percent for the decade and while the elites bemoaned those wealthy fat cats and their automobiles, their appetite for driving created jobs. The demand for auto-related products skyrocketed: metal; lumber; steel; cotton; leather; paint; rubber; glass and of course, gasoline. Companies had to be created to meet the demand. This is real job creation. People had to be hired. Roads were being built. State highway construction spending increased tenfold between 1918 and 1930; did they fire all the cops and teachers?

In 1920 there were only 5,800 passengers who had flown on a plane. By 1930 it was 70 times that amount.

RCA brought us the radio and along with it, advertising. Now you could hear Babe Ruth hitting home runs all anywhere in the country.

Thomas Edison brought us movies in the 1880s, but in the 1920s the true modern-era motion picture arrived with Cecil B. Demille and "The Ten Commandments."

A whistling Mickey Mouse was introduced to America by Walt Disney in 1928; the first cartoon with synchronized sound.

Conveniences like telephones became less exclusive and more commonplace in the '20s. More Americans had irons, vacuums, washing machines and refrigerators. And all of these new products meant there was a demand for something else: energy. America needed huge power plants.

Does all of this innovation and growth seem to anyone else, like lasting job creation? Assuming the Fed and the government don't come in and screw everything up. And unlike the temporary jobs or the low-paying census jobs our government creates, per capita income had increased 37 percent from 1921 and 1929. People saved and invested like never before, gaining access to things for the first time such as life insurance.

It was America's coming-out party. And all of this success, all of the innovation, all of the prosperity without punishing the rich, without big government, absolutely baffled progressives. Especially the fact that everyone benefited; from the bottom up.

Evidence? Leon Trotsky, a Marxist revolutionary in the Soviet Union with Lenin, later lived in New York City in 1917. He fought all his life for Marxism to help the working class. Here's what he said about New York: "We rented an apartment in a workers district... and that apartment, at $18 a month, was equipped with all sorts of conveniences that we Europeans were quite unused to: Electric lights, gas cooking range, bath, telephone, automatic service elevator, and even a chute for the garbage."

What would Mr. Communism himself have said about New York a decade later? This was the conditions for the working class under evil, evil capitalism.

I can tell you what the intellectuals and the progressives said. F. Scott Fitzgerald said that Americans had engaged in "the greatest, gaudiest spree in history."

What do you think "The Great Gatsby" was all about? How materialistic and evil the average American had become? No. Did you read your own book?

The fact that the middle class was closing in on the upper class because the policies of smaller government — decreasing government spending and cutting taxes on the wealthy — were working didn't sit well with progressives.

And we are at the same place in history today.

We have a clear choice: Do we listen to the elites and The New York Times who warns of the dangers of cutting spending and lowering taxes? Or do we listen to our gut and common sense? The things that work in our own home. If the boss is having trouble keeping the doors open, you don't ask for a raise. If you are in debt, you stop spending.

We need to set the country back on the course of personal responsibility and innovation because that leads to prosperity and a better life for all of its citizens.

— WatchGlenn Beckweekdays at 5p & 2a ET on Fox News Channel

CNN reporter tries to 'ambush' GOP candidate Kari Lake, IMMEDIATELY regrets it

Image source: (left) Video screenshot/ (Right) Mario Tama/Getty Images

CNN senior national reporter Kyung Lah thought she'd caught Republican Arizona gubernatorial candidate Kari Lake off guard when she asked for an impromptu interview outside an event, but ended up sorely regretting her decision.

Lake, a former Fox news anchor, shook hands with Lah as she approached and immediately pointed out that the CNN reporter wasn't wearing a mask any more, a barbed reference to a contentious interview in October 2021, in which Lah smeared the GOP candidate as a “rising star of the right-wing and proud spreader of lies." Lah asked if Lake had “a minute to chat.”

“I’ll do an interview," Lake answered, "as long as it airs on CNN+. Does that still exist? I didn’t think so, because the people don’t like what you guys are peddling, which is propaganda. Thank you.”

Lake then walked into the event, leaving Lah utterly speechless.

It looks like Lake gained quite a few fans on Twitter:

Kari Lake has been a longtime friend to "The Glenn Beck Program." She joined Glenn last August to tell Glenn why she left the corrupt world of media, what prompted her to enter "the even more corrupt world of politics," and how she plans to make a big difference in her battleground state of Arizona.

Watch the video clip below to catch the conversation. Can't watch? Download the podcast here.

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Hunter's Biden's latest BIZARRE scandal reveals how red-flag laws REALLY work

Photo by Demetrius Freeman/The Washington Post via Getty Images

Even if red-flag laws weren't unconstitutional (which they are), they've never been about your safety. They're about your submission, argued Glenn Beck on the radio program. Think of it this way: If red flag laws became the law of the land, do you think President Joe Biden’s son Hunter would lose his guns or face charges for violating the gun laws we already have?

You may have heard that he once "lost" a gun in a dumpster by a school. But there's a whole lot more to the bizarre tale. Newly revealed texts from Hunter's abandoned laptop detail the strange drama that unfolded when Hallie Biden, Hunter's sister-in-law-turned-lover, threw his handgun into a dumpster near a Delaware school in October 2018. The gun was found and turned in to police, but like so many of the Biden family scandals, the chaos created a sandstorm that conveniently helped cover Hunter's tracks. Only tidbits of information have emerged, the most significant of which is that the gun in question was purchased by Hunter illegally and, of course, no charges were filed as a result.

Glenn broke down the details of the most recently revealed Hunter Biden scandal, noting in particular that no charges or arrests were ever made as a result.

"If you voted for Joe Biden and you believe in all of these red-flag laws, then why isn't Hunter Biden in jail today?" Glenn asked.

"You and I both know that the ramifications of Hunter Biden's activities and his tragic saga go well beyond Hunter Biden, because they are teaching people a lesson. We are moving towards a society that has a ruling class that lives above their own edicts. They tell us they know better. They tell us that our neighbors and even some of us are dangerous, while ignoring the dangers in their own lives or in their own families ... We saw it during COVID-19 and we will see it again with gun regulations, 'The rules are for thee and not for me.' This is why Americans cannot give an inch, not one inch of our liberty away on the grounds of the government's good faith. They have no good faith left. They have violated every single principle of liberty and they've done it in a name of they know better," he said.

"Don't be fooled," Glenn added. "Just as we saw during COVID-19, just as we saw with the Patriot Act that is now being horribly abused by the people in power that swore they'd never abuse it, red-flags are not about your safety. Period. They are about your submission."

Watch the video clip below to catch the conversation. Can't watch? Download the podcast here.

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Thanks to a recent report from the Federalist, we now know of an ‘insidious’ White House plan to significantly alter commercial sales of ammunition. Not only would this plot skyrocket the price of ammunition for everyday consumers, but it could create a national security risk by limiting one factory’s ability to produce for the military under war-time demand as well.

Larry Keane, from the National Shooting Sports Foundation, joined "The Glenn Beck Program" to detail this White House move, and he explained how he knows the government is lying about it, too.

Watch the video clip below to catch the conversation. Can't watch? Download the podcast here.

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To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis, and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

2021 was a turning point for public education in America. Remote learning revealed to parents what public schools were force-feeding their kids — everything from critical race theory to the existence of infinite genders — while performance in subjects like math and reading fell across the board.

Now, school boards and teachers' unions are facing a tidal wave of parents who want to take the reins back. But school wasn’t always like this. Glenn Beck takes us back to a time before the Department of Education and asks the question: “Are our schools getting better or worse?”

American Federation for Children senior fellow Corey DeAngelis joins to expose who’s actually benefitting from our public school system — and it’s not our kids. And former Secretary of Education under President Trump Betsy DeVos explains why it’s time to abolish the department she once headed, what stopped her from doing so, and how parents can make a big difference.

Watch the full episode of "Glenn TV" below:


Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.