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The David Knight Show

Wed 17Aug22 MMT: How AOC Economics Requires Raising Taxes in Recession

The David Knight Show

David Knight

Politics, News, Society & Culture, Religion & Spirituality, Christianity

4.6765 Ratings

🗓️ 17 August 2022

⏱️ 181 minutes

🧾️ Download transcript

Summary

* MMT (Modern Monetary Theory) is the consensus economic theory in DC and what the "Inflation Reduction Act" is based upon. It REQUIRES raises taxes on private sector as the way to address inflation. So will we get hyper-taxes to deal with hyperinflation?
* How does the new IRS Army compare to armies of the world?
Is Novavax NOT tainted by fetal research? The military and government are claiming there's no ethical problems with a vaccine they call "traditional". Is that true?
* "Banana Republic"? Our Political Options are an Insult to Voters
* Just like that, gaps in the border wall are closed. Why didn't AZ or TX governors do it sooner? Why didn't Trump? Will it make a difference?
* Ukraine warmongering is so over-the-top that even war criminal Henry Kissinger can't believe it
* Merrick Garland's History: OK City Bombing, Atlanta Olympic Bombing — a history of questionable prosecutions
* "Self-Driving" Cars: The experiment on public roads continues with more tragic results
Millions of baby rockers recalled after 1 death — so why are we still jabbing babies?


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Transcript

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0:00.0

Using free speech to free minds.

0:25.2

You're listening to The David Night Show.

0:28.7

The David Night Show. At the clock strikes 13, it's Wednesday, the 17th of August, year of our Lord 2022, a 886 of the emergency.

0:55.0

Well, today, as they have passed the so-called Inflation Reduction Act

1:00.0

that raises taxes, one of the biggest tax increases we've ever seen,

1:06.0

we're going to talk about why this actually makes sense from the Democrats' perspective.

1:12.3

We're going to explain to you why they think raising taxes in the middle of a recession

1:18.0

is something you do to reduce inflation.

1:22.7

We're going to break down the modern monetary theory for you.

1:26.2

We'll also talk about the Trump raid. Are we trending

1:29.9

towards a banana republic? Does that mean that we'll be able to buy clothes everywhere? According

1:35.3

to one Republican candidate. And we'll also take a look at whether or not the Novavax is something that uses aborted fetuses, as well as much other news.

1:50.4

We'll be right back. Stay with us. Okay, Biden has signed the Inflation Reduction Act that, in the words of the Daily Mail, raises $740 billion.

2:15.2

No, it spends $740 billion. No, it spends $740 billion, the entire defense budget, by the way.

2:24.0

But it's odd that they would not use that term, right? Because in a sense, when you're doing

2:30.8

this from the perspective of Bernie Sanders and many people in Washington,

2:37.0

that's their money.

2:40.1

When they give you a tax cut, they think of that as spending. When they increase the amount of your labor that they steal from you, that's considered

2:47.2

to be funded.

2:48.5

That's a raise for them.

2:50.2

And it will be a raise for them we're

2:51.8

seeing the salaries of people in Congress skyrocketing how does Nancy Pelosi become a

...

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