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

December 11, 2020

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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.

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Top five executive orders Trump plans to sign

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Donald J. Trump has officially been sworn back into office, and the restoration of America begins today!

Over the weekend, President Trump gave a sneak peek into the tidal wave of executive orders he has promised to sign on day one. Judging by the nature of these orders, it appears that Trump will hit the ground running, making massive strides toward his campaign promises mere hours after being sworn in. While the scope of the 200-plus orders is wide-reaching, there is a special focus on the southern border, the energy crisis, and purging DEI policies from the federal government.

Below we have compiled a list of the top FIVE executive orders that will be on Trump's desk today:

Declare a national emergency at the border

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The situation on the U.S.-Mexico border has been in a state of free fall for the past four years as millions of undocumented, illegal immigrants have flooded into our nation. By declaring this crisis a national emergency, Trump will bring the needed attention to the border, as well as free his hands to act decisively.

Designate cartels as terrorist organizations

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Drug cartels are responsible for many of the most heinous crimes committed across the border. These cartels are well-organized and run illicit operations including drug and weapon smuggling and human and sex trafficking. Over the past four years, the cartels have begun to establish themselves deeper and deeper in America, as in the case of an apartment complex reportedly being taken over by a Venezuelan cartel in Aurora, Colorado. By labeling these cartels as terrorist organizations, we can begin handling them with the necessary force required to relinquish their hold on American soil.

Resume construction on the border wall

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Shortly after taking office, President Biden halted the construction of the border wall, a project that was a staple of Trump's 2016 campaign. Over the past four years, no progress has been made on the mammoth structure designed to help secure our border—but that ends today.

Declare a national energy emergency

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During Trump's first term in the Oval Office, America was energy independent, a status quickly lost under Biden. By declaring an energy emergency, Trump plans to cut through miles of red tape and help America tap its bountiful natural energy sources, such as oil and gas. Under Trump, Keystone XL can resume, and new sources of oil and gas can be tapped for the first time, ending our reliance on foreign energy.

Force the federal government to recognize biological sex

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Flying in the face of the woke ideology that has been permeating the American government for years, Trump will sign an executive order that establishes a government-wide acknowledgment of the gender binary—that is, that there are only two genders, male and female. This will require all government identifications, such as passports and personnel records, to reflect biological reality and end the forced use of "preferred pronouns." It will also end taxpayer-funded transition procedures for members of the military and prisoners.

15 MLK quotes the far-left does NOT want you to read

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While members of the far-left often herald Martin Luther King Jr. as an emblem of their movement, it is ironic that many of MLK's core values and teachings are at odds with their values. On this day when we honor Martin Luther King Jr., one of America's most articulate and transformational leaders, it is important that we remember his teachings as they truly were, and not what the modern-left would like them to be. Here are 15 of MLK's most impactful quotes the far-left would like you to forget.

MLK was a firm believer in non-violent demonstration, unlike ANTIFA and many of the modern-left movements today. He also taught the motivation behind these non-violent movements should be love, not hate.

1. I have earnestly worked and preached against violent tension, but there is a type of constructive nonviolent tension that is necessary for growth. Just as Socrates felt that it was necessary to create a tension in the mind so that individuals could rise from the bondage of myths and half-truths to the unfettered realm of creative analysis and objective appraisal, we must see the need of having nonviolent gadflies to create the kind of tension in society that will help men to rise from the dark depths of prejudice and racism to the majestic heights of understanding and brotherhood. So, the purpose of direct action is to create a situation so crisis-packed that it will inevitably open the door to negotiation.—Letter from Birmingham Jail, 1963

2. After contemplation, I conclude that this award which I receive on behalf of that movement is a profound recognition that nonviolence is the answer to the crucial political and moral question of our time – the need for man to overcome oppression and violence without resorting to violence and oppression. Civilization and violence are antithetical concepts.—Nobel Prize acceptance speech, 1964

3. Let us not seek to satisfy our thirst for freedom by drinking from the cup of bitterness and hatred. We must forever conduct our struggle on the high plane of dignity and discipline. We must not allow our creative protest to degenerate into physical violence.—"I Have a Dream" speech, 1963

4. Sooner or later all the people of the world will have to discover a way to live together in peace, and thereby transform this pending cosmic elegy into a creative psalm of brotherhood. If this is to be achieved, man must evolve for all human conflict a method which rejects revenge, aggression and retaliation. The foundation of such a method is love.—Nobel Prize acceptance speech, 1964

5. I believe that unarmed truth and unconditional love will have the final word in reality. This is why right temporarily defeated is stronger than evil triumphant.—Nobel Prize acceptance speech, 1964

6. I still believe that one day mankind will bow before the altars of God and be crowned triumphant over war and bloodshed, and nonviolent redemptive good will proclaim the rule of the land. “And the lion and the lamb shall lie down together and every man shall sit under his own vine and fig tree and none shall be afraid.”—Nobel Prize acceptance speech, 1964

MLK believed just laws are derived from God's law alone. He defined unjust laws as those that do not treat all men equally in dignity, as God's law requires. Civil disobedience is only justified when it involves breaking an unjust law in pursuit of moral law, he taught.

7. How does one determine when a law is just or unjust? A just law is a man-made code that squares with the moral law, or the law of God. An unjust law is a code that is out of harmony with the moral law. To put it in the terms of St. Thomas Aquinas, an unjust law is a human law that is not rooted in eternal and natural law.—Letter from Birmingham Jail, 1963

8. Any law that degrades human personality is unjust. All segregation statutes are unjust because segregation distorts the soul and damages the personality. It gives the segregator a false sense of superiority and the segregated a false sense of inferiority. To use the words of Martin Buber, the great Jewish philosopher, segregation substitutes an "I - it" relationship for the "I - thou" relationship and ends up relegating persons to the status of things.—Letter from Birmingham Jail, 1963

9. We can never forget that everything Hitler did in Germany was "legal" and everything the Hungarian freedom fighters did in Hungary was "illegal." It was "illegal" to aid and comfort a Jew in Hitler's Germany. But I am sure that if I had lived in Germany during that time, I would have aided and comforted my Jewish brothers even though it was illegal. If I lived in a Communist country today where certain principles dear to the Christian faith are suppressed, I believe I would openly advocate disobeying these anti-religious laws—Letter from Birmingham Jail, 1963

MLK did NOT hate America. On the contrary, he loved America's founding principles and fought for the equal application rights of principles and America's Judeo-Christian heritage. He was hopeful rather than hateful of the future of America and mankind.

10. So even though we face the difficulties of today and tomorrow, I still have a dream. It is a dream deeply rooted in the American dream. I have a dream that one day this nation will rise up and live out the true meaning of its creed: We hold these truths to be self-evident, that all men are created equal.—"I Have a Dream" speech, 1963

11. One day the South will know that when these disinherited children of God sat down at lunch counters they were in reality standing up for the best in the American dream and the most sacred values in our Judeo-Christian heritage.—Letter from Birmingham Jail, 1963

12. When the architects of our republic wrote the magnificent words of the Constitution and the Declaration of Independence, they were signing a promissory note to which every American was to fall heir. This note was a promise that all men — yes, Black men as well as white men — would be guaranteed the unalienable rights of life, liberty and the pursuit of happiness.—"I Have a Dream" speech, 1963

13. I accept this award today with an abiding faith in America and an audacious faith in the future of mankind. I refuse to accept despair as the final response to the ambiguities of history. I refuse to accept the idea that the “isness” of man’s present nature makes him morally incapable of reaching up for the eternal “oughtness” that forever confronts him.—Nobel Prize acceptance speech, 1964

Unlike Critical Race Theory and modern leftist movement, MLK fought against applying special privileges to a particular race. Instead, MLK dreamed of both black and white people living together in love and brotherhood as equals.

14. I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character.—"I Have a Dream" speech, 1963

15. When this happens, and when we allow freedom ring, when we let it ring from every village and every hamlet, from every state and every city, we will be able to speed up that day when all of God's children, Black men and white men, Jews and Gentiles, Protestants and Catholics, will be able to join hands and sing in the words of the old Negro spiritual: Free at last. Free at last. Thank God almighty, we are free at last.—"I Have a Dream" speech, 1963

Join Glenn at Donald Trump's inauguration livestream on BlazeTV

Join Glenn and Stu this Monday, January 20th, starting at 11 a.m. Eastern, for an unforgettable livestream of Donald Trump’s second inauguration. Broadcasting live from the heart of the nation’s capital, Glenn will bring you unparalleled coverage during the last hour of his radio program of this historic moment as the United States ushers in what Glenn describes as a "golden era" under Trump’s leadership. After his radio program, join Glenn for BlazeTV's live stream of the inauguration with special guests, live commentary, and the energy of being right on-site at this historic event for coverage you don’t want to miss.

Subscribe to BlazeTV+ today to be part of this historic event. Use the promo code Glenn47 to receive $47 off your annual subscription and gain access to this and more content from your favorite BlazeTV hosts. Don’t wait—this is your chance to witness history live with Glenn and the team as we look toward the future of America with BlazeTV!

4 ways Biden is SABOTAGING Trump on his way out of office

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President Biden has less than a week left in the White House, but that doesn't mean he's down for the count quite yet.

Next Monday, January 20th, President-elect Trump will be officially sworn into office, marking the beginning of his second term. But after such a bitter and contentious election, the Democrats aren't ready to roll over. Instead, they have been working around the clock to ensure that Trump will face as many obstacles and challenges as possible the minute he is sworn in. These political landmines are designed to sabotage his presidency—at the cost of the well-being of the American people.

Biden's job approval rating currently sits around 38.7 percent, one of the lowest approval ratings of any president, he has nothing to lose from these reckless ploys. Here are four ways Biden and the Left are trying to sabotage Trump:

Pardoning criminals

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In November, President Biden customarily pardoned the Thanksgiving turkey ... along with his son Hunter and dozens of other controversial criminals, including 37 felons on death row. Hunter's 11-year-long blanket immunity sets a dangerous precedent for future presidents, and we may never know the full extent of the Biden family's crimes and corruption.

Destroying U.S. energy

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Biden has made several moves that have damaged America's ability to produce its energy independently, including canceling the Keystone XL pipeline on his first day in office. Earlier this month, Biden signed another order that has dire consequences for the energy sector, effectively blocking any new drilling off the U.S. coast indefinitely. This not only further kneecaps the U.S. oil industry during a time when gas and energy prices are on the rise, but moreover, the way the executive order was written means Trump will have a much harder time undoing it. Thanks, Biden.

Escalating overseas wars

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America's involvement with the ongoing war in Ukraine has been tenuous from the beginning, but under Biden, it has escalated to a Cold War-like proxy war. Neither pleas from Americans in need nor threats from Russia have deterred Biden. He has approved countless aid packages sent to Ukraine, totaling billions of dollars. Recently, Biden has decided to up the ante by supplying Ukraine with long-range missiles, despite Putin's warnings that Russia would consider this an act of war. It's almost like Biden wants to start WWIII before handing the reigns over to Trump.

Installing a "shadow cabinet"

It's time we borrow an idea from our British friends. My proposal for a shadow cabinet isn’t just about holding our political leaders accountable - it strengthens and protects our democracy.

Learn more from my speech today on the House floor.⬇️ pic.twitter.com/cjP8pP7fxw
— ARCHIVE Rep. Wiley Nickel (@RepWileyNickel) November 14, 2024

For years Glenn has warned of the dangers of the deep state, and its very existence has been denied ... until recently. Shortly after the election Democratic Rep. Wiley Nickel made a disturbing speech on the House floor where he proposed the creation of a "Shadow Cabinet" designed to hamper the Trump administration and to step in if Trump were removed from office. This "Shadow Cabinet" would be composed of Democrat counter-picks to Trump presidential cabinet members, and they would scrutinize every act made by the Trump administration and propose alternative actions. This just proves that the deep state will do anything to stop President Trump.

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