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Hey AOC, this is what taxing the rich really looks like

December 11, 2020
www.shop.ocasiocortez.com
Jonathon Dunne

Contributor

Alexandria Ocasio-Cortez made news last week when she unveiled a sweatshirt for $58 with the message of "Tax the rich." From a political marketing point of view, this message is brilliant. It is simple, vague, easy to remember, sounds catchy, and easy to repeat on Twitter so it can become a trending hashtag.

From a principled and informed point of view, it is a message that is misleading at best and downright dishonest at its worst.

Why?

Because our friends on the left, who promote this message, never fully reveal their plans of precisely what taxing the rich looks like. They will share a few policies, but you must trust them with the economy's keys to get the final destination of what they believe is fair. Today, I want to show you what taxing the rich looks like in reality, and you can decide for yourself how reasonable it is.

Definition of "Rich"

When you hear "tax the rich," the first question everyone should ask is: "What is the definition of rich?" You should expect an accurate and detailed answer. If you ever engage with people on social media, you have likely gotten vague replies like:

  • It's clear who is rich
  • Top 1%
  • Fat cats
  • Bankers
  • Millionaires & billionaires, etc.

The kind and compassionate people who support taxing the rich are always quick to promote taking other people's hard-earned money, yet equally quick to complain when their income is taxed more.

Socialism and big government policies eventually come for everyone...

Socialism and big government policies eventually come for everyone because there is always someone less fortunate than you. The only question is how long it will take before the crowd turns on you and demands you pay your fair share. Let me answer this for you.

I will share with you the taxation policies of a country for which many Americans have positive feelings: Ireland. Ireland is a socialist nation, and its government is very proud of its progressive taxation policies. As I go thru each level of taxation, ask yourself what would happen if America adopted these policies tomorrow.

Note: The figures quoted below are in Euros. Currently, the exchange rate is approximately €1 to $1.20.

Wages

The simplest place to start is with your wages. We have three taxes on our direct income:

  • PAYE – Pay As You Earn
  • PRSI – Pay Related Social Insurance
  • USC – Universal Social Charge

The rate of PAYE is 20% on the first €35,300 of income. Every additional penny above is taxed at 40%*.

PRSI is 4% of income. However, if you annually earn under €18,304, you can apply for a yearly credit of up to €624.

The rates of USC are based purely on income:

  • Up to €12,012 — 0.5%
  • €12,012 to €20,484 — 2%
  • €20,484 to €70,044 — 4.5%
  • €70,044 and above — 8%

*Taxation in Ireland is a complicated matter because of individual/couple tax allowances and credits, which can vary from person to person, depending on their circumstances. You will always pay a lower rate of PAYE with these deductions.

Sales Tax

Ireland has a national sales tax, which is called Value Added Tax (VAT). The standard rate of VAT in Ireland is 21%. This rate is charged on the majority of items people purchase – including your grocery shopping, accessories around your household like televisions, PlayStation, and furniture. It also includes personal items like jewelry and clothing.

There are a few exceptions.

We have a reduced rate of 13.5% for items like home utilities (natural gas, electric), building maintenance, and cleaning services.

To help stimulate parts of the economy, the government added a third rate of 9%. This mainly applies to the hospitality sector – pubs, restaurants, and hotels.

Gas Taxation

Americans complain if gas prices go to $3.50 per gallon, get upset at $4.00 a gallon, and if it increases to $5.00 a gallon, watch out!

Gas prices are one of those issues about which Americans complain (and rightfully so), but non-Americans will not sympathize. So why do non-Americans have no sympathy?

For most of the last year, Irish gas prices (similarly worldwide) have been low because of crude oil's cheap cost. Depending on where you shop, the average price has been around €1.20 per litre or €4.55 per gallon ($5.46 per gallon). Note that this is considered inexpensive in Ireland. In the past, Irish gas prices have been closer to $8-$9 per gallon. So why is it so expensive?

America is blessed with oil fields that produce the majority of oil consumed by your country.

America does hold a natural advantage when it comes to oil, purely because crude oil is quoted and traded in U.S. dollars. America is blessed with oil fields that produce the majority of oil consumed by your country. Although U.S. gas prices include some taxes, Irish gas includes FOUR separate taxes:

· Excise tax is €0.50 per litre

· Carbon tax is €0.06 per litre

· NORA levy is €0.02 per litre

· VAT is 23%

Let's put these prices into context. If oil became free for everyone worldwide with Irish taxation, it would be virtually impossible to see gas prices of less than $4.00 per gallon.

Double Taxation

In Ireland (and most countries with big governments), it is prevalent for income to be taxed more than once. Ireland has very progressive tax policies when it comes to people using their money to advance themselves. Let me share some examples.

  • DIRT Tax (41%)

This stands for Deposit Interest Retention Tax. It is prevalent (mainly in working-class areas) to take a portion of your paycheck and save it in the credit union. The credit union then uses your money to fund its business and gives interest at the end of the year. During the year, any interest earned is taxed at 41% and is taken directly by the credit union.

  • Capital Gains Tax (33%)

After all these taxes, if you are lucky enough to have some money left, you may decide to invest in the stock market, buy some gold or other investment. Any profits from these investments are taxed at 33%.

  • Gift Tax (33%)

If you decide to give someone a gift of money or an asset, it will be taxed at 33% if you surpass the different thresholds. You can currently give your friend or extended family (i.e., cousins) €16,250 or a sibling/parent €32,500 ($39,000) tax-free. Everything above is taxed at 33%.

  • Inheritance Tax (33%)

Inheritance taxation is similar to the Gift Tax and has similar tax free thresholds. It is also charged at a rate of 33%.

Additional Taxation

There are countless other taxes, but here is a small sample of additional taxes:

  • Stamp duty of 1% is due on all house purchases
  • Property tax of up to 0.25% of your property value must be paid annually
  • Car tax on your vehicle is based on engine size (noting that U.S. vehicles are much bigger). A standard SUV will likely cost €570 - €750 annually.
  • Benefit in kind: If you are lucky enough to work for a company that provides you with a work vehicle, you will pay a tax on your wages because you are deemed in receipt of a benefit from your employer.
  • If you own a pet, you also have to pay a tax to get a dog license, etc. These are about €20 annually.

Conclusion

This is what paying your fair share looks like in Ireland 2020. To those who read this and think it's not enough, fear not, as Ireland is not the finished article. I do not doubt that it will only be a matter of time before the Irish or European governments develop new and innovative ways to ensure everyone pays his/her fair share.

This is what paying your fair share looks like in Ireland 2020.

After reflecting on these numbers, I would ask you to think about whom these taxation policies hurt the most. Are they taxing the rich or hurting the poor?

I hope you have never been poor or had to worry about putting food on the table. If you have, you will know that every penny counts. There will be weeks that you have nothing left in your wallet because everything is so expensive.

  • With this in mind, how could anyone possibly justify a 23% tax on all you buy?
  • How can anyone justify taxation on gas being so high that it costs €65 to fill a car?
  • If someone is careful with his/her money, saving all they have to buy a first home or move to a better place, how can someone justify taking 33% or more of their savings?

Socialist and progressive policies can sound great in theory and may even come from a place of well-meaning. In reality, they always hurt society – especially those at the lowest income levels working hard to improve their financial future.

Jonathon hosts a weekly one hour show exclusive to the Blaze Radio Network called Freedom's Disciple where he highlights the IDEA of America, promotes the eternal principles of freedom & and shares his passion of America's Founding documents. Please check out his show for FREE on The Blaze and is available on all major platforms.

Kamala Harris dropped the ball at CNN's town hall

CHARLY TRIBALLEAU / Contributor | Getty Images

Vice President Kamala Harris held a town hall on CNN Wednesday night, asking voters questions about the swing state of Pennslyvania. It was a train wreck.

Harris could not give a single straight answer to any question, and would instead lapse into long, word-salad answers. At times even Anderson Cooper, who was hosting the event, seemed fed up with her answers and tried to steer her back on track. There were even a few times that felt like Cooper was practically spoon-feeding the answer to Harris, who still managed to drop the ball.

This town hall was a flop at a time when the polls revealed Harris really couldn't afford it.

She talked more about Trump than herself.

Anna Moneymaker / Staff | Getty Images

Throughout her campaign and the CNN town hall, Harris repeatedly promised that her administration would break away from the "hate" and "divisiveness" that supposedly characterize President Trump and his campaign. But despite these promises, it seemed like Harris's answer to every question was to bash Trump. From questions about how she would support or not support Israel to questions about potential Supreme Court reforms, the answer was the same: Orange Man Bad.

Even the CNN after-show panel complained that she spent far too much time talking about Trump. Her performance lacked substance and proved that her campaign isnot about anything she has to offer the American people, it's solely about hating Donald Trump.

She missed the opportunity to further define herself.

CHARLY TRIBALLEAU / Contributor | Getty Images

Harris spent so much time Trump-bashing that she never got into any detail about her policies. This was an event designed to give her the chance to lay out her platform and define who she is as a candidate and she utterly failed to do so. As mentioned before, all she really spoke about was Trump, a candidate who almost every voter is highly familiar with. This was a critical failure on Harris's part, she missed possibly one of, if not the last chance to make an impression on voters before the election and according to recent polls, this was a chance she could not afford to miss.

She gave several radical and dangerous remarks.

CHARLY TRIBALLEAU / Contributor | Getty Images

The few times Harris managed to reveal some of her policy ideas it became clear why she was being so coy: they are blatantly dangerous. In between her anti-Trump tirades where she makes Trump out to be the biggest threat to the Constitution the country has ever seen, Harris let slip that she is open to Supreme Court reforms, including adding more Justices to the bench. This is known as court-packing and is most certainly unconstitutional, as well as one of the hallmarks of an authoritarian takeover, as Glenn has pointed out.

Harris also spent the first several minutes of the event making dangerous accusations against Trump, calling him a fascist and comparing him to Adolf Hitler. She would echo this sentiment the following day in a surprise address. Glenn explained on his radio show just how dangerous and inciteful this kind of language is and the kind of damage it can do. This looks like a desperate, last-ditch attempt to sway people away from Trump during this critical time of the election cycle.

Meet Trump's dream team who will make America healthy again

Anna Moneymaker / Staff | Getty Images

Americans are sick of being sick. In a recent TV special, Glenn revealed one in three Americans suffer from a chronic disease, and it's only getting worse.

But there is hope! President Trump has taken notice of our dysfunctional and corrupt system and has assembled a Make America Healthy Again (MAHA) dream team who plan on making big changes once Trump gets back into office. This team plans on fighting back against federal regulatory agencies such as the FDA, which are bought out by Big Pharma and Big Food and allow toxic ingredients that most other countries have banned into our food.

So who is this dream team? Below, we've compiled a list of the most prominent figures who are working with Trump to make America healthy again:

RFK Jr.

The Washington Post / Contributor | Getty Images

Former Independent presidential candidate Robert F. Kennedy Jr. made the declining health of Americans a focal point in his campaign. After dropping out of the race, he combined forces with President Trump, promising to assist Trump in reinventing federal health agencies, such as the FDA and CDC, to purge them of corruption, and to reduce the dominance of ultra-processed foods full of toxic additives. RFK Jr. has adopted the slogan Make America Healthy Again (MAHA) in reference to Trump's Make America Great Again (MAGA) slogan.

Casey and Calley Means

Over this last month, Dr. Casey Means and her entrepreneur brother Calley have taken the Conservative sphere by storm after testifying in front of the U.S. Senate. The siblings have been making the circuit, speaking alongside Jorden Peterson, appearing on Joe Rogan's podcast, getting a shoutout by RFK Jr., and even joining Glenn on his most recent TV special. Casey and Calley are trying to expose the corruption in the upper levels of industry and federal agencies and fight back against what Dr. Casey describes as a "genocidal health collapse."

Dr. Robert Redfield

Chip Somodevilla / Staff | Getty Images

Former CDC Director Dr. Redfield has recently rejoined Trump's Make America Healthy Again team. His experience as the director of the U.S. Centers for Disease Control means he is familiar with the corruption that rots our federal agencies and has good reason to believe that the Trump administration can turn things around. Dr. Redfield has shown concern for the alarming rate of chronic disease that plagues Americans. He expressed special concern for children, given that over 40 percentof American children suffer from at least one chronic condition.

Can fear win the vote? Democrats have a dangerous strategy to demonize Trump.

Anna Moneymaker / Staff | Getty Images

The Democratic Party’s nominee is deliberately spreading false, fear-driven narratives to turn her base against Donald Trump, regardless of the consequences.

Have you noticed how Kamala Harris and her allies in the corporate left-wing media have become bolder in labeling Trump a “fascist”? A recent New York Times article revealed that Democrats have shed their reluctance to use the term. In fact, it has become their rallying cry as Election Day approaches.

What’s the real goal here? According to John Daniel Davidson at the Federalist, Harris and her supporters are using this rhetoric to energize their base — and more disturbingly, to prepare them for violence if Trump wins. The fearmongering isn’t just about driving people to the polls; it’s about creating an atmosphere of rage and chaos.

Let’s show the Democrats that our republic doesn’t bend to fear and certainly doesn’t bend to those who twist the truth for political gain.

Harris is deliberately spreading false, fear-driven narratives to turn her base against Trump, regardless of the consequences. This is the same Kamala Harris who, during the George Floyd riots in 2020, encouraged bailing out rioters and urged the violence to continue both before and after the election.

For example, Harris has claimed that Trump will use the Department of Justice as a weapon against his political enemies if he returns to office. But let’s pause for a second: Who is using the Justice Department as a political tool right now? Harris’ own administration, led by Joe Biden, has weaponized federal agencies against Trump and conservatives for years.

Harris also recently entertained the idea that Trump would round up people who “don’t look white” and throw them into camps. During an interview with Charlamagne tha God, a caller suggested this scenario. Instead of refuting the caller’s paranoia, Harris nodded and said, “You have hit on a really important point.”

This kind of divisive rhetoric fuels fear and division in our country. Let’s not forget: Trump was president for four years, and there were no camps, roundups, or authoritarian crackdowns on dissenters. Leftists claim Trump and his supporters spread conspiracy theories, but they are the ones pushing baseless and dangerous claims.

While Democrats claim to defend democracy, they are increasingly aligning with authoritarianism. For example, the EPA funneled billions of dollars to left-wing organizations, including one tied to Stacey Abrams, for “voter mobilization” efforts. This funding came through the Inflation Reduction Act — a taxpayer-funded omnibus bill. Imagine the outrage if Republicans in Congress gave billions of taxpayer dollars to right-wing groups. The media would be in an uproar, and there would be protests at the White House gates. But because it’s Democrats doing it, the mainstream media turns a blind eye. These are the warning signs of an authoritarian regime.

This is why it’s more critical than ever for Americans to see through the left’s manipulation. Trump’s not the fascist here — he’s a threat to the left's power. The real danger lies in the left’s escalating rhetoric, which is designed to incite chaos if things don’t go its way. And let me be clear: That’s exactly what leftists are preparing for.

Don’t let them succeed.

The best way to counter their lies is by getting out to vote and encouraging others to do the same. If every single one of us does this, we won’t let the fearmongering and lies being peddled by Harris and the Democrats succeed. Let’s show them that our republic doesn’t bend to fear and certainly doesn’t bend to those who twist the truth for political gain.

'Get involved': Here's how YOU can join Glenn on election night

America is currently standing at a fork in the road. Which path we take will determine our fate as a nation.

One path is “we try something entirely new,” as in “not the Constitution,” and the other path is “we go back towards the Constitution,” says Glenn Beck.

The stakes for this decision are higher than they’ve ever been.

“We're deciding this year whether or not our kids are going to grow up in a country that gives them the opportunity to be themselves and to move forward and chart their own course, or we're going to continue to live in a place where we're not sure if our kids are going to have a better life than we did,” Glenn warns.

Regardless of who you vote for, Glenn says that one thing applies to everyone: “You’ve got to get involved this year,” which includes voting.

Election Day is rapidly approaching, and it will undoubtedly be a night that goes down in history, which is why BlazeTV will be broadcasting it live.

“We’d love to share it with you,” says Glenn.

Go to BlazeElection.com for exclusive access to our election night broadcasting. Your BlazeTV+ subscription also gives you access to all BlazeTV content as well as Blaze News.

“Sign up and be a part of the family as we go through this together,” invites Glenn.

Get $40 off your first year of BlazeTV+ with code ELECTION.