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Ron Paul Liberty Report

Biden's "Billionaire Minimum Income Tax" Is A Racket

Ron Paul Liberty Report

Ron Paul Liberty Report

News

4.92.3K Ratings

🗓️ 1 April 2022

⏱️ 25 minutes

🧾️ Download transcript

Summary

Since when is a “billionaire” someone who has a net worth of $100 million? What happened to the other $900 million? Nevertheless, envy politics is back again under the Biden Administration. Rich politicians, who are supported by rich individuals and rich corporations are going to tax themselves (even more) ... for you! The dreaded Income Tax was 'only for the rich' at first too. Look how that worked out over the last 100 years.

Transcript

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0:00.0

Hello everybody and thank you for tuning in to the Liberty Report.

0:04.9

With us today is Chris Rosini, our co-host.

0:07.8

Chris, welcome to the program.

0:09.8

Good morning, great to be with you, Dr. Paul.

0:12.2

Very good.

0:13.2

We're going to be talking about money today.

0:16.3

We've talked about money a lot.

0:17.8

We talk about the value of money and trying to point out that it's the destruction of the

0:23.3

value of money that is a principal cause for the many problems that we face.

0:27.9

We think government, the whole works and things have to be made up in the way the system

0:34.9

works is with the destruction of money at the form of taxation.

0:39.0

We want to talk about taxes today because liberals are in charge.

0:44.2

They have the House and the Senate and the presidency and they have a lot of influence

0:49.1

on the Supreme Court, believe it or not, even with a few Republicans there.

0:54.2

But it's a system that doesn't work so well because they never can't give tax enough

1:01.6

to pay all the bills because the people would rebel.

1:05.2

They're in a rebellious mood right now because prices are high and they don't have much

1:10.5

money left.

1:12.0

But this is the whole thing.

1:13.8

People don't see the inflation as a tax.

1:17.0

That's a big one.

1:18.5

Today we want to talk a little bit about one of the proposals from Biden and that is

...

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