RADIOMay 22, 2025

This tax could WIPE OUT your wealth before you know it

An insane leftist policy that has DESTROYED nations could be coming to YOUR state, Glenn Beck warns. Glenn dives into how unrealized gains taxes work and why they’re devastating. Australia is now installing them. Will a state like California be next?

Transcript

Below is a rush transcript that may contain errors

GLENN: All right. I want to tell you a story here: And it's not just a story. It is actually now happening. In Australia. And it could be coming to a state and a government near you, soon. So let me tell you a story. Let's just call him David. David is not a billionaire. He doesn't have a private jet. He doesn't sip rare wine, you know, or hedge currencies in the caymans, okay?

He's a builder. Literally. He bought some land, let's say, 25 years ago on the edge of town.

No one had ever heard of this town, let alone this area. He poured some concrete. He raised walls. He rented the space to small businesses. And over time, that dusty little outskirt, became a thriving community. He kept the land.

The equity grew.

But he never sold anything.

He just reinvested. He repaired. He paid property taxes. Maybe he developed houses on some of that land. He hired help. Well, today on paper, tasted is worth now $3 million. In real estate assets alone. Okay?

Is that guy a fat cat that's calling the shots that needs to pay their fair share? Or have they already paid their fair share. Because they're just like you. They started with had to go. They worked hard. They invested.

And now they have assets. It's not expendable.

But he's worth $300 million in real estate. Okay. Now, let me tell you the part of the story that goes a little dark. It's called unrealized gains tax. That paper value becomes a real rob.

Because the state now wants to tax him. Not on the money he's made.

They've already done that. But on the theoretical increase in the value of his properties.

Now, he hasn't sold them. He doesn't want to sell them.

But they're going to tax him. Because he's made a profit. But he hasn't. Because he hasn't sold them. It's all on paper, but he has to pay taxes on that profit that is unrealized, he doesn't have. And if his property values plummet the next day, they don't give him the money back.

He just doesn't have to pay any more taxes, because the value has gone down, so he doesn't have to worry about that.

This is not a hypothetical. This is what is happening in Australia right now. A 15 percent tax on unrealized capital gains, for accounts, exceeding $3 million. Okay.

Is there anybody in this audience, that has put money into Bitcoin? And you put maybe a thousand dollars into it, because you're not rich. You put a thousand dollars into it. You put $5,000 into it.
But you really, I mean, it was scary to put that money in.

And you left it alone.

And now, maybe you're approaching $3 million. Now, they're going to tax you when they take that money out, but this is in addition to that! They are going to tax you on the gains!

Not when you take it out. They're going to take you on the gains, that you haven't taken. So if it goes up to 109. And now, all of a sudden, you're in Australia. And that account is now worth $3 million. Guess what!

You now have to pay income tax on that account. So you have to -- what would you do?

What would you do? You just go to your magic money printing machine, that the government would do.

Or do you have to sell something? Maybe the property. Maybe some of the Bitcoin.

And then you never get that money back. If it goes back down, which it will -- if it goes back down, they won't pay you.

Wait a minute, I paid it -- $109,000, and now it's worth 80. Do I get any of my money back? Because I just lost money? No. Uh-uh. No.

Imagine those who lived in California. Who maybe their parents bought a house. And it was $5,000 in 1960.

They still have the house. They can barely afford the taxes on it now, to keep it.

Because it might be worth $3 million, it might be worth $5 million. But it was $5,000 when her parents bought it. And they haven't gone up in their status. They're not hobnobbing it with Bill Gates. They're just regular people, who happened to get on a house from their parents. And they did well with it.

And it's the only asset they really have. But it's worth over $3 million.

Now, how will they pay that tax?
Because now, if it's $4 million.

I got to pay taxes on that. I have to pay 15 percent on that million dollars. Excuse me? I don't have that money! Well, all you have to do is sell your house. Now, let's just follow this logic here.

Consider who wins. Now, who is going to have to really pay this tax?

Is it going to be the ultra wealthy, with the teams of tax attorneys and offshore accounts?

Because they have the means to navigate around the taxes. No, no, no, no. This is going to hit the self-made man.

That's who this is going to hit. The self-made individual. The entrepreneur. The farmer. The small business owner.

They have built their wealth through hard work and prudent investment.

They have -- they have value in that land, that maybe their grandparents bought, and were farmers before them.

And they decided, you know what, I will stay in farming.

And they struggle every day. But now their land is worth over $3 million can. So now they have to pay 15 percent tax on that. In addition. Wait a minute. Wait a minute. Wait a minute. What? And it's assessed every year?

What? So who sells that?

Or who keeps that? What do they do. They have to sell it. Most likely. The average person. Or the entrepreneur. The person that is not the billionaire.

They will have to sell some of those assets, to be able to afford keeping it. To afford just staying in line. And, you know, not going to jail, because you didn't pay your taxes, to the sheriff of Nottingham.

So now you have to sell, and you have to sell at a distressed price.

Who wins?

Who wins?

Because you're forced to sell at a loss, to cover the tax bill. Guess who is standing there, ready to rake in your property?

The billionaires?

The large corporations?

The Bill Gates of the world, that wants more farmland. Hey, it's going for a song.

I can get this now!

That's who wins in this.

It destroys anybody from trying to get ahead!

It destroys them!

It is immoral.

But that's what's happening in Australia. So watch Australia burn itself to the ground!

It's going to start happening. This thing goes into effect, I think in July.

You watch.

Let's see how this works out for Australia.

Now, meanwhile, we have our own problems here. In Washington State, the Democrats who claimed they were all for adding jobs and clean energy.

Have now blocked a nuclear manufacturing plant.

Okay. Good.

If, you know, you work, you strike, it doesn't matter.

Employees now are required to pay union members not to work, if they're on strike.

And governor Ferguson signed the largest tax increase into state law with the passage of the biannual budget. Which he said, we can't -- we can't afford this.

We have to make cuts. We have to compromise. No. He just went for taxes. I mean, the election is over. Let's just go for taxes.

So what happened?

Well, they are already ranked 45 out of 50 states for business climate.

I mean, would you go work?

Would you go set up a new place in Washington State?

Would you start a business? Would you bring your business to Washington State? I wouldn't. I would get the hell out of there. In fact, I'm telling you right now, if you're in Washington State, get the hell out.

Because once they run out of all of this money that they're taxing from people, what they're going to do is say, oh, you're moving? You can't transfer that money out. You will have to pay an exit tax. And that sounds crazy. But it's going to happen. They will trap you and your money in that state.

Because they're already on that path. They already said, if there's another pandemic, they just passed a law in Washington State that says, you will have no right to your own health care. They will tell you what you have to put in your body, what you have to do. How you have to live. All they need is a medical emergency. Don't think they learned anything from COVID, other than how to control people.

So they are -- they just passed House bill 2081. It increases the Business & Occupation. The B&O tax.

This is a tax that taxes you on the gross. Okay? Which is crazy. If you're in business. You don't get that money. I'm being tax odd the gross. Wait a minute. Wait a minute.

I've got things I've got to pay out of that. Tax me on what I take. No, no, no, no. Not good enough for Washington State. We will tax you on the gross.

So if you've got a business, even if your business makes a loss, because you've got bills you're paying, and it's costing you more, you're taxed on what you take in.

Not your net. So even if you lose money, you still have to pay a gross income tax.

Oh, that will work out well.

And the state has just said, it will just be passed on to the consumer. Oh, well, that's even better for the people in Washington!

They also have a new gross surcharge of .5 percent on taxpayers, with the taxable income, over 250 million, which will expire on December 31st, 2029.

Because they're just in this little place now. Don't worry. This -- all these taxes. They're going to stay like this. They're not going to get any worse.

And they will expire anyway. So don't worry about it.

Then they put a massive sales tax expansion on, adding sales tax for the first time for IT services, custom website development, custom software. Security services.

Advertising services. Now need to charge customers, sales tax on every transaction. They also vetoed the removal. The governor did, of the tax preferences for community banks. Let's not help the community panic. No. Let's -- let's help the Fed, and the banks that make up the Fed. You know, the big ones like Citi and all of those banks.

Let's help them put the little banks out.

Okay. Then there's a new gross tax on storage units of almost 2 percent. Let's see. What else?

They increased the capital gains on assets sold. Valued over a million dollars. From seven to 9 percent.

So you don't want to sell your home, better do it quickly. Larger estates, if you have something, $9 million, or up the tax rate now is going from 20 percent to 35 percent capital gains.

What has Washington done for you?

What has the state of Washington done that deserves that increase alone? I'm not talking about your property taxes.

Your state income taxes. But now they're going to take 35 percent of what you've made on your home.

Oh, okay.

Okay. Hmm. It's going to work out well for them.

Meanwhile, California, the Democrats there won't rule out new taxes to pay for health care, for undocumented immigrants.

What are you, crazy. Yes. The answer is yes.

Why do you think gold is going up in price? Why do you think Bitcoin is going up in price?

Why do you think that anything that is outside of this corrupt system is going up in price?

Because the whole world knows, this is not going to last. Now, let me take to you China. And show you what's happening in China, because they're having another problem in China, because they've been doing all these games for longer than we have.

And at which bigger scale. And it's not working there. So let me tell you what the people of China are now doing. Tell me this is not something that you could see happening all around the world.

GLENN: Okay. There's something new in China called rat people. Is it the hybrid of rats and people from the Wuhan lab?

Possibly, that could be coming too. But that is not what this is. These are people who have decided to leave the rat race. Because no matter how they work, they can't ever get ahead. And so they're saying, why would I work?

Why would I work?

They're called netizens. Rat people.

Netizens. Meaning, you're on the net. You're not really citizens. You're more just on the net. And so what are they doing? They're not socializing. They're not leaving their house. They're staying in their house.

Let me give you a blogger, who identifies as a rat person. She starts by explaining, she wakes up at 11:00 a.m. Pretends to be productive by ordering coffee and browsing her phone. Remember, China is watching your phone. At 2:00 p.m. she goes back to sleep. By 5:00 p.m. she gets up, uses the bathroom, collects the coffee delivery left on her doorstep. 6:00 p.m. she has her coffee while watching videos on her phone. 7:00 p.m. she checks her dinner options on her phone and orders takeout. 9:00 p.m. she has her first meal of the day.

One guy said, I have been a -- a rat man now, for five years. I don't socialize at all.

Hmm. This might be exactly what the World Economic Forum said would come. And they would have to, just keep these people entertained on the internet or drug them, because they will be useless eaters. Ah, that's always good. So what is happening? These are people, that basic Gen X-ers. That are like, you can't get ahead.

This is ridiculous! And so they've given up. They think, I don't want to work hard. Because it won't make any difference.

I'm getting out of the rat race. And rat people, the -- the act -- official Chinese language is that they're lying flat. And they say, they're just -- they're not going to do it. Because they can't buy. They can't buy a house.

They can't buy anything nice.

They can't buy anything.

Just, I'm giving up on all of that.

Because my life will always change. Now, China is pushing back on this. As you can imagine, the Chinese Communist Party doesn't like that, because you have a duty to the state to earn. You want to talk about useless eaters. Boy, watch what happens to these rat people. Youth day, which was May 4th. Oh, like May Day. Anyway, there was an article in the Communist Chinese people's daily.

And the -- president, President Xi told young adults, that they have to move to the countryside now, to work and support the party's version of modernization.

So you're going to move whether you like it or not.

And you'll be working. Whether you like it or not. And, you know, you owe it to the country, and to the party, to work.

So we'll make sure that you work.

Now, one person who spoke to the paper, here in America. That, you know, it's The Epic Times, that did not want to give their name. They said a whole generation of young people is babbling for limited opportunities.

Despite the fierce competition, hope is dwindling. That's why everybody chooses now to lie flat, become a rat person. Official data shows, unemployment rate for the 16 to 24-year-old age group in cities is 16.5 percent. But that doesn't include individuals who are enrolled in school, or who have stopped looking for work.

Now, listen to this part: Graduates are now securing positions within the local or state government and any public sector. Jobs are popular there, now, because they have security.

And they earned about $553 a month.

The government grows, as businesses die!

Will Medicaid cuts KILL Americans? Glenn reveals the FACTS!

Democrats claim that the Big, Beautiful Bill will take Medicaid and Medicare away from many Americans and even “kill” people. But is any of this true? Glenn Beck and Stu Burguiere review just the facts and explain who’s actually affected by the changes.

Transcript

Below is a rush transcript that may contain errors

GLENN: Can I address some of the hyperbole around the big, beautiful bill, just a little bit.

If there's anything in the big, beautiful bill to worry about, it's the increase in spending.

Because the spending ourself into oblivion is an actual threat.

To the country. But that's not what anybody is talking about. What everybody seems to be talking about is the tax cuts. Which were already there. Or the tax cuts like no tax for tips. Which you would think the party of the little people. You know, the Democrats. Would all be for. But they're not.

Because they're not party of the little people anymore. And those had to be offset.

Okay. Offset. By what?

Well, by cutting spending. But cutting what spending?

Not cutting spending. Let me just say this. If I said, you know, I made $250,000 a year. And this year, we were going to spend $300,000.
Okay?

And you would say, immediately, Glenn. You can't do that.

And I would say, I've been doing that for 30 years. Okay. You might say, the bank is not going to give a loan.

But then if I came to you and said, yeah. I'm spending $300,000 a year. And my wife and I make 250 or 200,000 a year. But, you know, next year, I was going to spend $500,000.

Did you get a raise? No. I didn't get a raise. I still make 250,000 dollars a year between my wife and I.

But I'm going to spend 500 and not 300. And then somebody came in, like an accountant with some muscle.

And they said, Glenn, you cannot spend $500,000 a year!

Would it make sense if I went back to spending 300, not 200, which I had.

But 300, which I had been spending every year, would it make sense to you to -- for me to say, my children are now going to starve? My children are now going to starve.

Look at the austerity program that I am on.

My gosh, they just -- no. They didn't cut anything. They must cut thinking.

They cut the increase inning spending.

That's what they cut.

And, Stu, could you please explain Medicare.

I mean, all of the people. I know they warned us.

I didn't believe the death squads would actually go out.

And, you know, they want these people off Medicare so badly.

Or Medicaid.

They just sent out death squads. Trump is not waiting for them to die, because he's not waiting for them to get their prescriptions now he just wants them slaughtered in the street.

STU: Yeah, that's the efficiency of the Trump administration. He wants these people dead so badly, he's just killing them in the streets. Actually, no, none of that is happening.

And the Medicaid cuts as you point out, are largely cuts to future increases that have not occurred.

The biggest chunk of this is the work requirements. You've heard this, Glenn.

And, you know, I went through this. And I was like, this can't possibly be what they mean.

I said, wait a minute. When they say work requirement cuts, what does that mean?

So I dove into it a little bit. Basically, what they're saying, you, if you're an able-bodied adult, so that does not include old people, does not include people who are sick and can't work. And it also does not include people who have small children, even if they are able-bodied.

And when I say small, I mean 12 and under. So if you have a 12-year-old. You're completely exempt from this.

But able-bodied adults.

GLENN: Okay. On people in wheelchairs.

STU: No. Gosh, again, I know this is tough. Yeah, this is where it gets difficult.

GLENN: Wait. I'm having a hard time following this. What now?.

STU: So you're an able-bodied adult, that does not have small children.

GLENN: No small children.

STU: You would be required to get Medicaid, to work 20 hours a week.

Now, you might --

GLENN: Twenty hours a week.

STU: Or 80 hours a month.

GLENN: Or 80 hours a month.

That's almost half a full-time job.

STU: Now, you might say to yourself. And this is actually true.

Some people can't get jobs. Right?

I'm sure, there are people trying to get part-time jobs. And maybe can't get them.

Those people will just lose their Medicaid. Well, as you may understand.

Of course not.

Because what you have to do then is go through a process, that you're basically telling them, you're attempting to get a job. Or you're volunteering somewhere, to meet that requirement.

So basically, you have to fill out -- yeah. It's like unemployment.

You have to at least fill out some paperwork here.

GLENN: It's the exact opposite.

Let me see if I have this right.

It's the exact opposite of unemployment which we've had forever.

Which if you're looking for a job, but can't get it. You can still have unemployment.

But it's the exact opposite. Right?

Especially if you're nursing sextuplets.

STU: Again, you're not very close to the truth.

You're a little bit off on this one.

GLENN: No. Huh!

STU: By the way, Glenn, you might say to yourself, wait. How is that a Medicaid cut?

Because they're not cutting anyone's eligibility here. Unless they don't want to meet the requirement.

Of course, there's always been requirements to all of these programs.

So meeting the requirements have always been part of getting on to Medicaid.

This requirement, if you decide basically not to do it. And not participate. And not fill out the paperwork.

Then, yes. You will lose your Medicaid coverage.

What they're saying, hold on. All right.

GLENN: No. I just want to make sure I have it right.

STU: Yes.

GLENN: If you are blind, you're deaf.

STU: No. Again, no.

GLENN: You have no friends, and you can't get out of the house, and you've been on Medicaid, somehow or another, you signed up for that. But now, you don't even know, because you can't hear the news. You certainly can't fill out a form. Because you have no eyes.

STU: Hmm.

GLENN: They just come in and rip your Medicaid away?

STU: No. None of what you said is accurate.

Though, it is calm considering some of the accusations -- comparisons made bit left right now.

But, yeah.

So if you are an able-bodied adult that decides, you know what, I don't feel like filling out the paperwork, or I don't feel like going to job interviews, or I don't feel like volunteering, then yes. You could lose -- but that's what they're saying the cuts are.

They think 317 billion dollars worth of people will not bother doing those things. For whatever reason. Maybe because they had more money than they said. Maybe because they're lazy.

Maybe because -- I'm sure there's some case where some -- I don't know.

I can't think of the case.

GLENN: Blind person.

STU: Because the ailments are covered here.

But, yes. Maybe it's some particular skin color. Then they would reject you.

I don't know.

And it's not just that. There are other cuts. For example, some of the cuts are, they're eliminate duplicate Medicaid enrollment.

If you happen to have Medicaid.

GLENN: I can't double-dip.

STU: In two different states. They're going to try to stop you from having it in two states.

And instead, make you have it one state. Uh-huh.

GLENN: Hold on just one second.

I have two legs. I have two arms. I have two eyes. I have two nostrils. I have two ears.

I can't have two Medicaid coverages. It's insane!

STU: I know.

It's really, really brutal.

GLENN: I have two kidneys. I can only have one kidney now, you know, repaired?

STU: Now --

GLENN: Is that what you're saying?

STU: That's not what I'm saying. But, yes. I'm sure that's what's being reported out there by Dana Bash.

Another one, I will give you here, Glenn. They talked about immigrants.

You know, immigrants getting on their Medicaid cut. Now, this is tough. What this bill does, I want you to hold on to your hat here, Glenn.

GLENN: Okay.

STU: If you have green card holders and other certain immigrants, some will lose their coverage. Or actually, sorry, eligibility will -- retain for those people.

Certain other immigrants may lose their coverage. The current law says, all who are lawfully present.

That will kick in after a -- how many year waiting period?

Let me guess, it's a five-year waiting period.

So it will be the next president who has to deal with this, when future Congress will just put it right back in. And it's not a savings at all.

And then you have Medicaid death checks. They're going to require --

GLENN: They're checking on whether your debt? Look at this! It's crazy.

STU: It's brutal. It really is.

GLENN: You're going to kick all of the immigrants off in five years.

STU: No.

GLENN: And then you're checking to see if old people are dead!

When will you leave these people alone?

STU: I know. So, anyway, we can go through this stuff all day. But as you point out, most of this stuff is not at all, what the left is saying it is.

It's not the desperate Medicaid cuts that are going to ruin everybody's lives. A lot of them are just really common sense stuff, making sure you don't have them in two states. I don't know what the positive argument is for that. But they'll make it.

GLENN: Well, they don't have one. That's why they don't make it about that.

Liz Wheeler BLASTS Pam Bondi’s Epstein deception

The Department of Justice and FBI are now claiming that there NEVER was any Epstein client list and nobody else needs to be charged. But what about Attorney General Pam Bondi’s previous claim that the list was on her desk?! BlazeTV host Liz Wheeler, who had been given one of Bondi’s ill-fated “Epstein Files” binders, joins Glenn Beck to discuss how the MAGA movement should react to the claims made by Bondi, Kash Patel, and Dan Bongino.

Transcript

Below is a rush transcript that may contain errors

GLENN: Liz Wheeler. Liz wrote to me early today. Let me see if I can -- may I quote you here, Liz?

LIZ: Yes, you may. Thanks for having me, Glenn.

GLENN: Okay. Yeah. You bet. She said, give me one good reason why I shouldn't scream for Pam Bondi to be fired today? And this was at 5 o'clock in the morning. And I said, I'm sleepy. But I don't think I can.

I don't think I can give you a reason not to -- not to call for her firing today. But I want you to explain, why do you feel this way?

LIZ: It's not something that I say lightly. I didn't say it immediately after the White House, Epstein binder debacle. And I want to very prudently and judiciously make this case to you today and to make this case to President Trump too. Because Pam Bondi has become a liability to her administration, despite her loyalty in other areas. So let's start with the announcement from the Department of Justice last night.

A lot of us have a lot of questions about this announcement. It just doesn't ring true with a lot of us. We see a lot of evidence before our eyes that contradicts what we're being told without evidence to believe by the FBI and the Department of Justice. And it grates on us.

Because like you mentioned, we are friends with Kash Patel and Dan Bongino.

They're the good guys. We trust them.

And yet, we have to use our critical thinking faculties and look at the evidence before our eyes.

So it smells fishy. You'll notice it says nothing about whether Jeffrey Epstein was an intelligence asset.

Which, as you mentioned, Alex Acosta, the attorney who cut the sweetheart deal originally with Epstein. Said he was, before Accosta's emails mysteriously disappeared. So we have questions about that.

There are also outstanding, important questions about Kash Patel and Dan Bongino's definitive pronouncement, that Epstein killed himself.

I'm sorry. I don't think the video that they released proves definitively that they were stating that case.

GLENN: Why?

LIZ: Because it does not show what's happening in the cell. It just shows the cell door. We don't actually see him kill himself.

GLENN: Right. But we know that nobody came in.

LIZ: Through that door.

GLENN: Where are they going to go true, the little bars? Little drag la? A little bat.

LIZ: I don't know what the internal cell looks like. I don't know what they have. I don't know if they have fire escape routes. I don't know if they have adjoining doors. I don't know if they have emergency exits. I don't know if that video was doctored or not.

I don't know enough about that, to simply take that one piece of evidence.

GLENN: Okay. So that's a good point.

Just show us the room. Show us what's inside the room.

LIZ: Yes. We need more evidence.

GLENN: That's reasonable.

LIZ: One piece of evidence.

It's not enough.

GLENN: Yeah.

LIZ: The other thing, I wonder with Kash Patel and Dan Bongino are relying too much on the FBI's prior investigation to the FBI of old is a reliable narrator. I don't know who conducted those investigations, or if it was done soundly. I doubt it was done soundly.

GLENN: So may I just interject here.

LIZ: Yes.

GLENN: I talked to Dan Bongino a few weeks ago about this off-air. And, Glenn, we are turning over every stone. We are going to get to the bottom of it.

We are -- so, I mean, he led me to believe that, and I believed him. And I still do.

That he was using new resources. Opening the investigation in -- in a new way. Following it closely.

And I do believe Dan Bongino is one of the good guys.

LIZ: I do too. And I've been told the same thing by high-ranking officials in the FBI. Who I trust. They're trustworthy people.

I do think, that it might not be possible at this point, to piece together everything, because we know there have been reports of evidence, destruction.

So my issue with that definitive statement was the definitive nature of it.

This 100 percent happened this way. Epstein killed himself. Instead of saving, we don't have enough evidence to piece this together, or the evidence we have points to this.

All that being said, though, I want to talk about what happened last night.

Because this brings to us attorney general Pam Bondi, who just months ago said she had the Epstein client list on her desk.

When I went back to look at that video, the clip of her on Fox News, again, this morning, to make sure that there was not context that I was lacking, that there was not bungled phraseology, maybe nerves being on the air.

I went back and listened to it. She said definitively, she had the Epstein client list on her desk.

Now, fast forward to yesterday, she says that it doesn't exist, that they don't have it.

That is a really big problem. If I'm president today --

GLENN: Okay. Let me play this, from Bondi. This is back in February. Here is the actual statement she made.

Listen.

VOICE: The DOJ may be releasing the list of Epstein's clients. Will that really happen?

VOICE: It's sitting on my desk right now, to review.

That's been a directive by President Trump. I'm reviewing that. I'm reviewing JFK files. MLK files. That's all in the process of being reviewed, because that was done at the directive of the president from all of these agencies.

VOICE: So have you seen anything, that you said, oh, my gosh?

VOICE: Not yet.

VOICE: Okay. Well, we'll check back with you.

GLENN: Okay. So now let me take you back to Kash Patel. Because something similar was said to me. Here he is. Cut 12.

So who has Jeffrey Epstein's?

VOICE: Black book? FBI.

GLENN: But who?

VOICE: Oh, that's under direct control of the director of the FBI. Just like the manifesto from the Nashville school shooting. The Catholic school. We still haven't seen that, right?

It's not the Nashville police or PD saying, we don't want this out. The FBI airmailed into that operation and said, this is not getting out. Because they do that because this is another government gangster operation.

All these local law enforcement communities get funding from the DOJ and FBI from local programs. And if you don't cooperate, you're not getting your million dollars for this.

That's a lot of money from these local districts. That's how they play the game. That's why you don't have a black book.

GLENN: Because the black book, it's not just sitting. That's Hoover power times ten.

VOICE: And to me, that's a thing I think President Trump should run on. On day one, roll out the black book.

And not just that, on day one, all the text messages and communications we were told were deleted. On day one, play the rest of the video of the pipe bomber.

You know, he needs -- one of the reforms I talk about in government gangsters.

Is you need a central node to be continuously declassifying. This is another thing they do. They overclassify.

They are not telling you -- as a former number two in the IC, they overclassify 50 percent of the stuff there to protect the Deep State.

Oh, no.

You can't see that. Nothing to see here.

Gina was a master at it. Of doing it. And we haven't seen half of the Russiagate report we wrote. Still under lock and key.

On how the ICA was originally constructed. We went -- we put 10,000 man-hours against John Brennan's team that did it.

And we found out why they came up with their bogus conclusions. We couldn't sell it with the world.

Because we couldn't talk about it. And the government cancers came in and buried it.

All of these things, there needs to be a continuing central power whether it's the White House or off-site that says, every request that comes in.
Just right out the door. As long as it's not awe major threat to national security.

VOICE: Liz, they're both very clear.

It existed. But Pam Bondi did not say, she had any names in it.

She kind of made me feel like she hadn't really looked at it.

Kash Patel gave me the impression, he had seen it. Or at least he knew about it.

So how do we go from here?

VOICE: Yes. Listen.

People care deeply about the Epstein files because there was a grisly crime that we know for a fact that was committed.

Epstein was convicted of that.

It wasn't speculative. He was convicted of that. People feel that there's evidence of a cover-up. Not -- we're not inventing a conspiracy. There's evidence of a cover-up of this crime.

Pam Bondi as attorney general has exacerbated this trust. And it gives me no pleasure to say this. Because I like to give the benefit of the doubt to people that are on our side.

But going back to that day in the White House, this February. I haven't told this part of the story before.

Attorney General Pam Bondi, when we met with her. We weren't at the White House to meet with her. We just met with her while she was there.

Pam Bondi bragged to us about making that cover sheet on the binder, the one that read the most transparent administration in history.

She said, she had made it. She had printed it. She was proud of it. She placed it on that binder.

Glenn, to call that a severe lack of judgment would be the understatement of the year. There is no way, in my mind, and I've tried every way to Sunday, to square that behavior with the announcement that we got last night with the Department of Justice.

Pam Bondi told us at the time, she said, I've requested the Epstein files, the files in the binder, were the ones given to me. Nothing was in them, she told us at the time. Then a whistle-blower told her, she told us. And said the FDNY was hiding other files. That's the story she had told us, that there's been a Deep State cover-up. So at the time, after we were given these binders, we waited. Right? You give your side the benefit of the doubt. Maybe Pam Bondi will come up with the goods, even though the rollout was botched to say the least.

But she -- this is another thing I have not discussed publicly before. She said, she had not seen the FDNY documents at the time that she was telling us about them.

I asked her directly that day in the White House. When she said, a whistle-blower told us about these truckloads of FDNY documents. I said, have you seen them? She said no, she sent the request and they're brining them to her.

So contextualizing all of this, suddenly this seems like unforgivable behavior.

How could she give the American people -- not just me. I don't care about how this impacts me. How can she give the American people those binders that contain nothing, while at the same time, bragging about the cover sheet that she made.

The most transparent administration in history. And tell us that the FDNY had the real goods, that the binder was just proof of a Deep State cover-up. That was the real story she told us. Only now to say, sorry, there's actually nothing.

So it leaves us with this situation. What are the options? The options are, well, was she herself set up by some Deep State FBI officials trying to make a fool of her? It's possible, maybe even probable.

GLENN: Possible.

LIZ: But here's the thing, if you're smart, if you're savvy, if you're sharp enough to be Attorney General of the United States, you verify such information.

You don't assume its veracity and publicize it for clicks. And that's what she did.

So then we get to the point, that we think, okay. Well, what does this say about her judgment?

Is she just click thirsty? Is she wanting to be a Fox News star? Did she get out over her skis, trying to make news, being a mega champion with those binders, that maybe she had not verified the contents of, and she definitely hadn't verified the contents of the FDNY truckload. You can't square this announcement with the binders. With the binders in February, unless you allow for the idea that Pam Bondi could be operating in a way that is unacceptable, when on Fox News. Said she had a client list on her desk to review, when she hadn't looked at the documents.

And was just saying that to be a television star. I say this. In somewhat sorrowfully. If I'm President Trump, I would not tolerate this behavior anymore. She's become a liability to the administration. I think the administration is probably just now coming to the realization of how much goodwill this whole debacle has cost them with their voters.

And Pam Bondi is not worth it. She's a liability. It's time to move on.

The INCREDIBLE TRUE Story of Benjamin Franklin

Was Benjamin Franklin the greatest and most modern Founding Father? This July 4th week, “The Greatest American” author Mark Skousen joins Glenn Beck to tell the incredible and true story of Benjamin Franklin.

Transcript

Below is a rush transcript that may contain errors

GLENN: Dr. Mark Skousen, friend of the program, friend of mine. America's economist.

He is -- he has written a new book on the greatest American and the greatest American, he says is Ben Franklin. And I tend to agree with him. He's at least in the top five greatest Americans. Welcome to the program, Mark. How are you?

MARK: I'm doing well. We're out here in the Mediterranean Sea right now on a cruise, but isn't it great technology that even Ben Franklin would love?

GLENN: You know, I don't think people really understand the genius of Ben Franklin. I mean, there's this great article in the times of London.

I don't remember when. But he was going back to London. He was going to challenge the king.

And he was going back. And they said, don't let his boat come in to dock.

Because he's been working with electricity, and he has a ray gun, and he will vaporize, you know, all of London.

I mean, he was -- he was the Elon Musk of his day, but he was almost more magical, because people didn't understand it.

Back then. What did you find in writing this book about Ben Franklin, that you think most people just don't know?

MARK: Well, this is the thing. So when I wrote the greatest American, I thought to myself, everybody -- lots of books have been written on his biography.

So what I did was I came up with 80 chapters on how he is the most modern of all the Founders. And how he could talk about the modern issues of today, whether it's trade or taxes or inflation or war. Discrimination. Inequality.

I have a chapter on each one of these, in the greatest American.

And, you know, he was a Jack-of-all-trades.
And the master of all, on top of it!

So one of the things I thought would be really cool, if you put my book, on every coffee table in America, and people came in to visit, they would look at this book. And there might be an argument, as you say, as to who is the greatest American. Whether it's George Washington or Elon Musk, or what have you.

GLENN: Whatever.

MARK: When they see the picture of Ben Franklin, they sit there and nod their head. And say, wow. This is the guy I want to sit down with and talk to.

And have a beer with.

Because if you sat with some of the other Founders, they would get in an argument with you. Or they would refuse to answer the question. Or what have you.

But Franklin was willing to talk to a janitor, as well as the king of France. And that's pretty unique.

GLENN: Yeah. Yeah. He could.

He was an amazing guy. So tell me, in your research of him, you know, you always hear that, oh, Ben Franklin was a notorious womanizer, and everything else.

And he abandoned his wife. Deborah? Was that her name?

MARK: Yes. Deborah. That's correct.

GLENN: Did that -- what's true, or what's not true about that?

MARK: So he certainly was the most liberal-minded when it came to the sexual revolution.

That's why I say, he's the most modern of the Founders. Because he was not prudish like John and Abigail Adams, who thought he was a reprobate. And sinner. And not a churchgoer. And stuff like that.

GLENN: Right.

MARK: So, yes. He was -- the ladies loved him. And he loved the ladies.

There's no question about that, that he was a bit of a playboy. And, in fact, he even admits in his autobiography, of having an illegitimate child, William. But then he settled down. He married Deborah. And, yes, Deborah and him, they did separate because -- and it was really more her fault than his, because when he went to London as a London agent, she had extreme aversion to going out on this -- the seas. It was a dangerous time period.

So it's kind of like people don't like to fly on airplanes today. So they did grow apart. There's no question about that.

But they maintained their -- their love for each other.

And, as a matter of fact, when Franklin died, he's buried right next to Deborah. So I think that's an indication of their -- their love and so forth. But they were very different personalities. She was very focused on -- on more of the home issues. She was not a public intellectual.

She would not feel comfortable in the same conversations that Franklin would have with scientists.

And with public thinkers, and stuff like that. So they definitely differed in their personality.

GLENN: The -- the story about his son William is one of the saddest chapters.

I mean, you know, Thomas Paine kind of looked at him as a father figure. And he -- you know, Ben Franklin did have a son, William, as you said. And they -- they had a really bad falling out.

Can you quickly tell that story?

MARK: Yeah. So I have a chapter on that very issue. Because who were his enemies, and he did have a number of enemies, including John Adams, at one point. But in the case of William, he, Franklin, arranged for William to be the governor of New Jersey. And he maintained his loyalty. He was a loyalist. Billy was throughout the American Revolution!

And at the end of the American Revolution, or during the American Revolution, Franklin writes his son and he said, it's one thing to -- we can differ on various issues.

But when you actually raise money, raise armaments to attack me, this was beyond the pale.

This is not something that you should have done. And then at the end of his letter, he says, this is a disagreeable subject!

I drop it. So you can feel that emotion, that anger.

And, yes. He removed him from -- from his will.

So there -- there -- Franklin got along with almost everyone.

And I have a whole chapter on how to deal in the greatest American. How to deal with enemies and be how to make your enemies, your friends.

But this was one example where he just couldn't cross over and forgive him. For what the -- for what we had done.

GLENN: I don't think --

CHIP: Just like you are saying.

GLENN: I think I would have a hard time doing that too if my son was raising funds and military against me. It would be kind of hard to forgive.

Mark, thank you so much for your work. It's always good to talk to you.

The name of the book is by Mark Skousen. And it is called The Greatest American. It's all about Ben Franklin. If you don't know anything about Ben Franklin, you will fall in love with him. You will absolutely fall in love with him. Mark Skousen is the author. The name of the book again, The Greatest American.