Glenn Beck: Taxing Success


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List of U.S. colleges and universities by endowment

Well, now in Massachusetts they are looking to tax college endowments, university endowments that have more than a billion dollars in it.  They say that by doing this, they can put more than a billion dollars a year into the state revenue.  Legislators have asked state finance officials to study a plan that would impose a 2.5% annual assessment on colleges with endowments over a billion dollars.  Now, the universities are very upset and here's quite possibly -- I want to frame this.  I want to frame this.  I want this on my wall of my office.  When a nonprofit, when a nonprofit is making money, it's mind-boggling.  Why tax them?

Now, one guy who is head of the ways and means committee in Massachusetts says it's mind-boggling that an entity wouldn't be paying taxes that has $34 billion.  How can you justify that when people can't afford to live, how could you justify not taxing them?  Ready?  Here it is.  This is what I want framed.  Kevin Casey, Harvard's associate vice president for government, community and public affairs said, "You can't do that.  You'd be taxing success."  No, it gets better.  "And over time this would put us at a competitive disadvantage.  It would hurt the state."  No, you're kidding me.  It's like you're taxing success by taxing people who are making money and who happen to be richer than others?  You're taxing success?  Boy, Kevin, I never looked at it that way.  You might be onto something there.  "Over time this would put us at a real competitive disadvantage."  No, it would put Harvard at a disadvantage against those who didn't get taxed?  No.  Who might pay a lower tax?  It might put that company at a disadvantage?  No, no, Kevin, you're looking at it wrong.  We're just trying to help out Greater New Haven State Technical College.  That's what we're trying to do.  We're only trying -- it's affirmative action for Greater New Haven State Technical College.  We're trying to help them.  We're trying to level the playing field.  It's only out of fairness, the rich get richer and the poor get poorer.  It might put them at a -- no.

And then he goes on.  In the final insult to injury he goes on to say, "And it would hurt the commonwealth.  It would hurt the state."  How?  How?  Are you saying because Harvard wouldn't be able to have so much money so they couldn't grow?  So they couldn't hire more people?  They couldn't bring more people into the state?  I never thought of that when I was thinking about taxes and companies.  I just thought, oh, they're screwing the state; the bigger they get, the more people they hire, the more people that live here.  It's crazy.  It's almost like you're talking about the philosophy of, oh, I don't know, Texas.  It's almost like you're describing the philosophy of, oh, I don't know, a conservative.  It's like you're taxing success.  No, Kevin, you're wrong.  It's not like we're taxing success.  We would be taxing success.  Oh, sucks, doesn't it?  And yet I could guarantee you it's these same eggheads and people like Barack Obama who will go right after Exxon and not understand.

Right now there's a big offshore oil convention going on in Houston, which is surprising.  One of the most profitable and economically secure cities in America right now.  Hmmm, what's up with that, I wonder?  Maybe it has something to do with no state income tax.  Maybe it has something to do with energy and oil.  But why concentrate on the little details like that?  In Houston right now there is this oil convention going on for offshore drilling.  All of the countries, Russia, Sweden, Norway, Kuwait, Venezuela, all of the -- Brazil, everybody is at this convention.  And what are they talking about?  Offshore drilling.  They're all using our technology to drill, and a lot of them in the Gulf of Mexico.  "But we won't drill that because that's unsafe.  That's wrong."  So we'll let other countries do it.  They will claim and stake a claim for 100 years for the oil underneath the Gulf of Mexico but we won't take it.  We won't take it.  No, no, no.  We've got evil universities.  We've got evil oil companies here.  Oh, my gosh, these evil oil companies.  We've got to drag their butts in front of congress, ask them why they're making so much money.  Oh, yeah.  Meanwhile Putin makes people president in Russia if you are the head of an oil company:  Hey, congratulations, you are successful; you are the next President.

Us, can you imagine having the president of an oil company be the President of the United States in this country?  (Gasping).  "What?"  Yet, you would absolutely be somebody who is the president of a university.  Why, he's respected and he will go after those evil oil companies.  "But not the sacred university.  That might be like taxing success."

It seems the Left wants a civil war and some on the Right want a national divorce. The country is split right now unlike anything Glenn Beck has ever witnessed. There are two sides: Those who want to fundamentally change this country and those who believe in KEEPING the experiment of liberty that the Founding Founders intended.

The ideological gap seems impossible to cross, but Glenn explains why he won't secede. David Reaboi, Claremont Institute senior fellow and author of "National Divorce Is Expensive, but It's Worth Every Penny," tells Glenn why a national breakup is not an impossibility just because it will be difficult.

What can we do to fight back … peacefully? How can the states that still believe in the Constitution create pockets of freedom in the shadow of tyranny? On his Wednesday night special this week, Glenn answers that and provides a road map to preserving what the Left is trying to destroy.

Finally, James Simpson, author of "Who Was Karl Marx? The Men, the Motives and the Menace Behind Today's Rampaging American Left," provides solutions on the issues the "red states" must unite around before Left and Right America officially call it quits.

Watch the full episode of "Glenn TV" below:

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An Afghan interpreter who helped save then-Sen. Joe Biden's life in 2008 was among those stranded in Afghanistan after Biden's troop withdrawal. He has now escaped the country with his family, but not with President Biden's help.

Thanks to private organizations, including The Nazarene Fund, the interpreter and his family have now been rescued.

Watch the video clip below to hear Glenn Beck share the details:

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A shocking new report by The Daily Wire reveals that the furious father whose arrest at a school board meeting likely sparked the call for the FBI to investigate anti-CRT parents like domestic terrorists was furious for good reasons: The Loudoun County School Board allegedly tried to cover up his daughter's rape.

Rep. Chris Stewart (R-Utah) joined Glenn Beck on the radio program Tuesday to discuss the incident and explain why he joined 60 lawmakers in a letter to Attorney General Merrick Garland demanding answers for why the FBI is targeting parents.

"We want to know ... what kind of coordination took place between the White House, activist groups and teachers unions, and the Department of Justice," Stewart told Glenn. "Because we have evidence that there was [coordination] and, in fact, that the White House are the ones who initiated this. They asked for these activist groups to write this inflammatory letter to the Department of Justice saying they were 'intimidated' and that they 'felt threatened', giving the Department of Justice Attorney General Garland, the excuse to say, 'Okay, well, we have to respond'."

Stewart went on to say he believes the federal government would only involve the FBI in such an issue if its purpose is to silence and intimidate parents concerned about the "poison" being taught to their kids in school. So, what can he and the other representatives who disagree with the Biden administration's overreach of power do to stop it?

Watch the video clip below to hear Stewart explain:

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Taiwan's Foreign Minister Joseph Wu is now warning that his nation is preparing for war with China after Beijing flew a record number of warplanes over Taiwanese territory. Wu reached out to another country for help, but it wasn't the United States.

In a video, Wu urged Australia to help prepare for a possible invasion, but gave the U.S. no mention.

"The defense of Taiwan is in our own hands, and we are absolutely committed to that. And if China is going to launch a war against Taiwan, we will fight until the end. And that is our commitment. And, of course, during this period of time, we would like to exchange with other countries for security cooperation," Wu said on ABC News In-depth's China Tonight program. "We would like to engage in security or intelligence exchanges with other like-minded partners, Australia included, so that Taiwan is better prepared to deal with the war situation. And so far, our relations with Australia is very good. And that is what we appreciate it for."

On "The Glenn Beck Program," Glenn, Pat Gray, and Stu Burguiere discussed whether or not America would do anything during such a conflict — because it sure seems like President Joe Biden is more focused on working with China to fight climate change. Plus, why did China just cut off all cryptocurrency?

Watch the video clip below to catch the conversation:

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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.