Trump fires 6,700 IRS agents, and somehow, somehow, Democratic activists are angry about this. And a Tesla location was just shot up with stickers saying I don t want to repeat this, but they were calling for harm to Elon Musk.
00:00:29.000He has ordered the firing of 6,700 IRS agents, and somehow, somehow, Democrats are angry about this, and somehow, progressive activists are angry about this.
00:00:43.000Now, what I'm so just darn confused by is these far-left extremists should be very happy with the destabilization or, I guess, the gutting of the federal government, right?
00:00:56.000The other story we have is a Tesla location was just shot up with stickers slapped on the window saying, well, I don't want to repeat this, but they were calling for harm to Elon Musk.
00:01:07.000And I'm just so gosh darn confused about this.
00:01:10.000The Antifa far leftists believe that the U.S. government is a fascistic terror state.
00:01:15.000And Donald Trump gets in and he's like, I'm going to fire everybody.
00:01:34.000Donald Trump has declared the cartels to be terrorist organizations, which opens the door for drone strikes on them in Latin American countries.
00:02:17.000Then Donald Trump says, I'm going to fire a bunch of IRS agents.
00:02:21.000And somehow progressive activists and Democrats are all on board with the federal government now.
00:02:26.000Seems to me they have no real convictions and Trump is exposing them for who they are.
00:02:30.000We're getting into all that, my friends, but before we do, we got a great sponsor, probably the best possible sponsor for this story.
00:02:37.000It's Tax Network USA. The IRS is the largest collection agency in the world, and with April 15th fast approaching, it's more aggressive than ever.
00:02:47.000Well, they're getting a lot of people fired.
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00:03:29.000Talk with one of their strategists today.
00:04:01.000And also, if you guys head over to rumble.com slash timcast IRL, take a look at the playlists, and then take a look at Game of Money.
00:04:10.000Jump to minute 19 and 19 seconds, and there's 25-year-old me hanging out in New York City in this feature documentary, Game of Money, with my buddy Harrison.
00:04:20.000So we got a couple feature-length documentaries.
00:04:40.000You can also go to boonieshq.com and pick up the 28th Amendment skateboard, the right to keep, bear, and breed chickens, which also is interpreted to mean you have the right to grow your own food, and I firmly, I absolutely do believe in that message.
00:04:55.000Don't forget to smash the like button, share the show with everyone you know.
00:04:58.000Joining us tonight to talk about this and so much more is Chloe Cole.
00:05:04.000I am a—I primarily speak on the gender issue, and I advocate for the protection of children and vulnerable people from irreversible and harmful gender-transition treatments.
00:05:17.000And this mainly comes from my own experience as somebody who's been through the system myself as a child.
00:05:40.000Chloe, it's so nice to have you on tonight.
00:05:42.000I've been following your story for years, and I'm happy to see the tide finally turn on this issue, especially with Trump coming into office.
00:05:50.000And we'll dive into that a little bit more later.
00:07:22.000Running a business, it's always down to the very last day.
00:07:26.000Because you've got all these different accounts, you've got all of these different invoices, you're chasing after everything, they're trying to collect everything, and then we're sitting here being like, we've got to wait four months, and then, as business owners, we don't get refunds.
00:07:40.000We get to learn how much more we have to give the government.
00:07:43.000To be fair, I guess it's better that we didn't overpay them.
00:08:09.000I mean, the fact that the Democrats are siding with big government isn't a surprise.
00:08:17.000They have long denied it and said, no, we're not.
00:08:21.000We just want to be compassionate, blah, blah, blah.
00:08:24.000They have consolidated power in the government and they don't want to give it up.
00:08:29.000They like the fact that organizations like USAID were funneling money to their favorite NGOs to...
00:08:36.000Push their political agendas on the backs of all Americans.
00:08:42.000I'm not sure how the average person...
00:08:47.000Any sane person is going, wow, that's really great.
00:08:50.000So I listen to this show called, there's this platform called Two Way, this guy, Mark Halperin, that used to be on MSNBC, and Sean Spicer's on his show a lot, and he gets a lot of normie people that are looking to avoid the partisan stuff that happens a lot in most news outlets.
00:09:07.000And to listen to people talk about Musk...
00:09:10.000And the stuff that he's doing, there are still a lot of people that are very plugged into the propaganda from the standard news media.
00:09:18.000Well, I know a lot is a big fan of the IRS. No, I'm not a big fan of the IRS. Well, you can't afford that mustache, that Bolton-esque mustache.
00:09:26.000Well, but how are you going to fund your wars?
00:10:14.000We go with tariffs, and we go with control of these canals that we built.
00:10:18.000Maybe if we fire these 6,700 staff from the IRS, the West Virginian tax officials won't come after me from trying to pay tax in multiple states.
00:10:40.000I don't want to just keep going over and over on that story, though, but it's almost like the government is broke, and they're desperately trying to squeeze as much money out of you as possible.
00:10:51.000Now, let's just go back in time a little bit.
00:10:53.000Remember when the Democrats hired 87,000 IRS agents?
00:11:07.000The IRS has come out and said that taxing the poor is more effective than going after the rich because the rich can afford to fight in court.
00:11:17.000If you're going after a rich guy for two and a half million dollars of unpaid taxes, he will absolutely blow a million dollars taking you to court.
00:11:58.000You know, Chloe, you're not a heavy news culture and conflict commentator, so I feel like the IRS stuff is probably outside your wheelhouse.
00:12:26.000In this regard, I know you're a specialist in a specific cultural area, but in this regard, you're more of a layman.
00:12:32.000And if you don't like the IRS, then I am right.
00:12:35.000No one likes the IRS. I don't know any American.
00:12:38.000Let me steal, man, I think this argument, I don't necessarily agree with it, but I think the argument goes along the lines of because it's the most difficult to tax and follow up with the highest earners who are able to avoid the taxes in the most lucrative ways that we need all of these people and that the tax revenue that they will bring in will out-earn the kind of cost that it costs to employ these people.
00:13:15.00087,000 agents so they can go after the millionaires and billionaires, blah, blah, blah.
00:13:20.000But then the IRS itself says, we don't go after those people because it's not worth the effort.
00:13:26.000So they're actually hiring those people to go after the regular people.
00:13:30.000Right now, I guarantee you, Democrats and liberals are probably making YouTube videos where they're like, Elon Musk is firing IRS agents so that he and his crony buddies don't have to pay taxes.
00:14:52.000How many letters are they going to send out?
00:14:54.000So if they're going over all these accounts, and they're like, look, I've got 10,000 people that each own an average of $10,000, it's like, oh, wow.
00:15:01.000Well, now we're talking about large stacks of cash, but you need a lot of people to go after it.
00:15:06.000Go after a billionaire, he's going to fight you tooth and nail.
00:15:09.000I think it's actually probably easier to explain like this.
00:15:12.000If a billionaire owes $10 million, he will spend $9 million to save that extra million.
00:16:10.000They're just like, oh, you don't got to pay taxes for this thing.
00:16:14.000So the way it's phrased by activists...
00:16:17.000Particularly on the left, they're like, billionaires use loopholes and not pay taxes.
00:16:21.000And I'm like, when you claim Amazon paid no taxes, what you're basically saying is that they reinvested the funds or their margins were slim and reinvested.
00:16:48.000There's a happy medium and you have to know where it is.
00:16:50.000So if I was told, hey, they're increasing the corporate tax rate to 70%, I'd be like, wow, okay, well, we better reinvest that as much as we can.
00:17:48.000I'm not talking about Amazon the corporation, but Jeff Bezos, for example, was famously paid something like only $100K $83,000 while he worked there, but the shares and his net worth was a lot higher than that.
00:17:59.000So while he was paying a lower marginal tax, his net worth was like...
00:18:36.000I think, what is it, like the top 1% pay something like 47% of all taxes?
00:18:41.000Jeff Bezos pays the same income tax that every American pays.
00:18:45.000He then pays capital gains tax, and the activists argue that capital gains should be income, and that by not paying the same amount on capital gains as you do on your income, that's a loophole.
00:19:09.000I have in my hand a tech deck fingerboard that I put together myself.
00:19:13.000Now, how much do you think someone will be willing to pay for Tim Pool's fingerboard that he actually uses during the show and does dollars with?
00:19:40.000So Jeff Bezos was getting paid $80,000 a year while he was the CEO of Amazon, and he was worth something like hundreds of millions of dollars because of the Amazon, because of Amazon stock and billions.
00:20:19.000If Jeff Bezos could, which he legally can't because there's fiduciary responsibility to a company, meaning, one, he has a contract that bars her from selling stock.
00:20:29.000Unless a certain threshold of stock value is met.
00:20:32.000Two, if he dumps stock, the stock price collapses, and it could cause the company to spiral into a freefall.
00:20:38.000The stock is used to generate revenue for the company to operate if they're not generating substantial revenues.
00:20:42.000If Jeff Bezos was ordered by the government to violate his contract and sell stock so that he could cover the wealth tax they put on it, the company would enter freefall.
00:20:53.000Everyone would dump the stock overnight.
00:20:54.000It would become worthless, and then paradoxically, Jeff Bezos' net worth would be $100 million, and then he wouldn't owe those taxes in the first place.
00:21:01.000The issue at hand here is that there's clearly an issue with how we're taxing people like this.
00:21:06.000If you think Jeff Bezos should only owe money on his $83,000 of income while he was working there, And not anything on any of the hundreds of millions of dollars that he had in stock and net worth.
00:23:14.000If you don't know what those mean, I mean, that's 101. So if you look to a CEO who's running a company and then you go, he should pay money on money he doesn't have, is what you're saying, because the company he runs is worth a lot of money.
00:23:30.000We have a problem here where logic has failed.
00:23:37.000You don't even know what a C-Corp is, so let's not play the game of you think Jeff Bezos intentionally took an action to obfuscate his wealth and avoid paying taxes.
00:23:46.000You don't think that's what he's doing here?
00:24:09.000An individual is doing something maliciously, whereas what's actually happening is he called his lawyer and said, how am I supposed to do this?
00:24:16.000And they said, based on U.S. tax code 531C, you have to do this, you have to file this, and you have to pay yourself this.
00:24:23.000When I first started this company, my accountant told me, here's the range at which you can pay yourself.
00:24:27.000I said, okay, then I'll just choose a number.
00:25:05.000I say, oh, see, because the tax code works like this.
00:25:07.000Okay, it's not a loophole when the government passes a law that makes you do these things.
00:25:11.000The loophole is a term used by activists to go after people who are wealthy and claim they're doing something maliciously when they're doing what they're contractually obligated to do or what the government requires them to do.
00:25:20.000If the government law, if the law exists and is solidified and then a company forms and they say, how do we create a pay structure for for the person who runs this company?
00:25:30.000Well, based on the law, we have to do these 10 things.
00:25:37.000The law was there before we started the company.
00:25:39.000And my lawyers told me that's how I had to do it.
00:25:41.000I think there's an issue with the way our laws in this country are set up to tax in particular the ultra wealthy, the top 100, which are in a different scenario than even the top 10,000 people.
00:26:00.000Tax people on cash they don't have because there is an ascribed market value in the imagination.
00:26:05.000I don't know the exact solution for how to tax people who are in the top 10 amount of wealth, but if you look at the amount they pay compared to the amount that the top 10,000 earners are, is no.
00:27:07.000Well, you know I... Abstain because I try to have journalistic integrity.
00:27:12.000But if we do want to wrap it back around to this Doge story, I think it's interesting what stories a Doge cutting, what news stories of Doge cutting we choose to pay attention to because, you know, on the left, they'll focus on stories like, oh, in the middle of Africa, they're cutting healthcare that saved tens of thousands of Africans and then they talk about that and they talk about how, oh, they're cutting different people, different parts.
00:27:46.000Total real taxes paid in billions by income bracket, and somehow the wealthiest individuals are paying the overwhelming majority of all taxes.
00:28:23.000F. Bayless was intentionally paying himself a million dollars, plus he was getting an additional million dollars in benefits.
00:28:28.000He was getting a million dollar bonus plus a million dollar salary.
00:28:32.000This isn't talking about the specific details that I'm trying to explain to you guys about top net worth individuals that are getting bumped into the top 1%.
00:28:39.000Everybody understands that you want taxes that are specific to the individual.
00:28:57.000Let me finish so I can make sure that I understand.
00:29:01.000For specific people that make an amount of money that you deem as enough, you want specific tax law for individuals specifically because they make too much.
00:29:12.000That's unconstitutional, you psychopath!
00:29:16.000We have a progressive tax law already.
00:29:19.000You want tax law aimed at people that will make people that make money leave the country.
00:29:26.000We're going to go to the next story, but I'm going to say this.
00:29:28.000Elad is simply just trying to say anything that gives him the correct position in the argument, even though nothing he said has even aligned with anything he said prior.
00:31:44.000We don't need a higher bracket than $1 million income per year to show that the bracket of $1 million up to infinity pays substantially more taxes than all other income brackets.
00:31:57.000Despite the fact they make up 1% of the tax base, they are paying somewhere around 60% of all taxes.
00:32:04.000I think within the 1%, the 99% pays more.
00:33:57.000Authorities need to make very clear example out of these criminals.
00:34:00.000This is what happens when people fundamentally misunderstand how the government works, how paying taxes works.
00:34:11.000These people, in their minds, believe that Elon doesn't pay any taxes.
00:34:16.000and ripping off his workers and that now he's going and stealing your private data from the government it has it it has radicalized people to the point where they are shooting up tesla dealerships let me just make sure i iterate this before i know guys i'm ranting but these people are so psychotic they would threaten the lives of floor sales people who probably make 60 70 thousand dollars a year at a local car dealership that's how insane they are yeah
00:34:44.000and this is the same like the the the mindset of oh these billionaires don't pay enough money That's how you get a dude that's worth $40 million killed.
00:34:55.000The CEO of the healthcare company, he got shot in the back because the rich don't pay their fair share, and the healthcare companies are taking advantage of us, even though the issue at hand is that there is the government in between people and their actual healthcare.
00:35:12.000The fact that there's insurance that has to be, you have to use insurance to be able to afford healthcare because there's no actual market.
00:35:23.000The idea that the rich are the reason why people are poor, which you hear frequently.
00:35:29.000The idea that there is a fixed pie that everyone has to go and get their money from as opposed to when a...
00:35:40.000A new product is invented or there's an innovation in the market that actually grows the pie.
00:35:48.000It is not true that there is a fixed amount of money to be shared amongst everybody.
00:35:53.000And the best evidence of that is the iPhone.
00:35:56.000Before the iPhone was invented, before the iPhone came onto the market in 2007, there were smartphones and there were things that did what the iPhone did.
00:36:06.000It was not ubiquitous the way the iPhone was in just a few years, and that's because the revolution in interface that the iPhone was for a smartphone made everybody feel like they needed one, and it made the actual industry grow.
00:36:32.000The pie does grow when you have innovation in a market.
00:36:35.000The issue we have here is fascinating.
00:36:38.000Elon is trying to find and gut the bloat in government.
00:36:43.000I think they said they saved $55 billion already, which could be a couple hundred bucks per person already in this country.
00:36:50.000And the left, the Democrats, the media are claiming that Elon is trying to steal your private data, despite the fact that Elon Musk owns X and already has the private data of hundreds of millions of individuals, like 200 million people, and also ran PayPal.
00:37:06.000And my favorite part of the story is that the government agencies and the people there already have your private data.
00:37:15.000So if John Smith is a raging Trump supporter and working in the Treasury Department, you don't care.
00:37:23.000But if Elon Musk wants to send in a couple of IT guys to go through the numbers and do an audit, now you're concerned about someone taking your private data.
00:37:40.000USAID, these other government institutions dumping money into D.C. And by the way, we have a story for you for today where criminal lawyer, fraud, suicide are all trending in Washington, D.C. Google Trends.
00:37:53.000The people who live there are searching these things.
00:38:41.000And I said, do you think anyone in any capacity of management, senior leadership, executive management, or on the board knows you broke that window?
00:39:34.000They don't understand, and I'm gonna say this too.
00:39:37.000The most important thing about Elon's business, Amazon's business, and paying taxes and employment is that businesses do what the government requires they do.
00:39:48.000And most people don't know this, but usually when your company has a policy that you hate, it's because the government makes them do it.
00:40:03.000Well, the government makes them do it.
00:40:04.000The government has a law called the 1964 Civil Rights Act, which talks about discrimination.
00:40:08.000And if you act in any way against it, you'll be sued into oblivion.
00:40:11.000And so the insurance companies then say, we would accept liability unless you enact these things, because the law says you can't.
00:40:17.000And they go, I guess we have no choice.
00:40:19.000And here we are with them saying, Elon and the billionaires, Bill Burr calling for, look at this, Bill Burr comes out, and he called for the death of billionaires, and now we have this stuff targeting Elon Musk.
00:40:49.000There are heirs to great fortunes who have done nothing for society.
00:40:52.000And there are people who make money off of day trading and not really do anything other than ripping and extracting from the market.
00:40:57.000But Elon Musk has satellites with low-latency internet that can broadcast almost everywhere in the world.
00:41:03.000Now, phones are attaching to them, and we can get cell signal anywhere.
00:41:06.000He makes electric cars, which all the climate change people should be cheering for, and he's working on space technology, which has reduced the cost of satellite launches and space travel substantially.
00:41:15.000Elon Musk then purchased Twitter, turned it to X, Increase the amount of free speech, decrease the amount of censorship, far from perfect.
00:41:22.000He's certainly done a tremendous amount of good.
00:41:24.000In fact, he doubled the margins of Twitter.
00:41:27.000The Democrats like to say, and the liberals like to say, X is worth nothing.
00:41:31.000Remember, it was worth $44 billion when he bought it.
00:41:34.000Well, the reality is, I believe it was the Wall Street Journal came out with a report saying, actually, his costs were cut in half and the margins doubled.
00:41:41.000Theoretically, the company's worth substantially more now because they're turning more profit despite a lower revenue.
00:41:46.000new he got rid of that overhead Elon is doing tremendous work it's working out very well he is generating wealth and jobs and through his leadership many other people are able to live better not all rich people are good not all poor people are good but some and many rich people who are leaders of industry who work relentlessly and run their companies make it possible for other people to have jobs which allow their standard of living to increase hence your dental care today is better than Rockefeller's was the turn of the century
00:42:15.000And it's great that you mentioned dental care and stuff because the industries that don't have the government involved in them on a regular basis when it comes to health care or people's bodies or whatever, your plastic surgery, things like laser surgery for your eyes, rhinoplasty, which is plastic surgery, dental work, all that stuff, those tend to get cheaper.
00:42:41.000As time goes on, because of innovation and the market.
00:42:44.000The things that don't get cheaper are the things that are necessary care that you have to have insurance for.
00:42:50.000So it should be cheaper to set a broken bone nowadays than it was 100 years ago, right?
00:43:10.000Medical care, they don't share it with the consumer, so the consumer can't say, well, I'm going to go to someone else who will do it cheaper.
00:43:17.000You need markets to drive prices down, because that competition is one of the things that makes things get better.
00:43:59.000AOC began to held rallies saying the government is letting them come here for free and giving them a cheaper tax deal.
00:44:06.000Yes, Amazon was looking for a place to set up shop.
00:44:09.000Governments were saying, we will waive taxes of this, that, or otherwise.
00:44:14.000You come here, it'll be cheaper for you if you work here because we want the revenue, we want the jobs, we want the industry because the industry brings wealth with it.
00:44:25.000Amazon decided not to do it, and it destroyed a great opportunity for the people in New York that was going to be used largely to fix their decaying subway system.
00:44:33.000See, these leftists don't understand how taxes work.
00:44:36.000She came out and said, New York is giving Amazon billions of dollars.
00:45:32.000When someone's got $1,000 in debt and you say, I'll pay your credit card off for you, you just gave them $1,000 and that individual owes taxes on it.
00:45:40.000People don't understand how the government works.
00:45:42.000Most people get their taxes taken out of their paycheck and they never see this stuff.
00:45:45.000Then when you're running a business, you're like, someone says, I'd like a raise.
00:46:24.000Before we jump into the next story, just one final thought on this to explain how psychotic the government is and how when I'm running a business and I'm dealing with tax attorneys, corporate attorneys, and accountants, I hear about Jeff Bezos and I go, oh, so that's why he does that.
00:46:38.000Oh, so that's why they're doing that, because legal requirements put them in positions where this out has to be structured.
00:46:43.000Then there's corporate interests, of course, for the health of the company, fiduciary responsibility.
00:46:47.000Publicly traded companies aren't allowed to disclose information, share.
00:46:52.000You're not allowed to, you're not, okay.
00:46:54.000Publicly traded companies aren't allowed to take actions that would cost the shareholders money.
00:46:59.000All of this stuff is locked in by the government.
00:47:01.000So the West Virginia government told us we aren't legally allowed to buy content from Elad.
00:47:07.000So Elad, as an individual of his own volition, wants to go cover a news event and then asks us, hey, would you guys be interested in carrying this?
00:47:15.000And we say, yes, we're not legally allowed to do it anymore.
00:47:18.000I don't understand the leftist talking point of Trump.
00:47:23.000He wants to cut the taxes for the rich, they say.
00:47:30.000And AOC stopped it, but people who live in New York, because of the tax break they're gonna get from the government, whatever, they're gonna create, you know, 25,000 jobs.
00:47:46.000And it may be a bit disrespectful is because arguments from, like, Elad, in that regard, he does not understand legal requirements, tax law, and the structure of how taxes and revenue is generated.
00:47:57.000Okay, Raymond, let me explain to you part of why, what the issue was.
00:48:01.000It's because it's not actually real capitalism.
00:48:04.000If you're going to get a different deal than other companies that decide to come do business in New York City, why do you have different laws?
00:48:10.000Why does Amazon have a carve-out to try to entice them to come to the city?
00:48:16.000So they were getting special benefits.
00:48:18.000The argument would be to entice them to come to this city over another city.
00:48:20.000But then at the end of the day, this isn't something cities should be doing to try to entice over different companies to have them come to their cities.
00:48:32.000So why is it that when I tweeted, we were going to leave West Virginia over their insane laws, which make it so that we can't hire people like a loud force?
00:48:50.000If I can't have a reporter who did a documentary or a video, if we can't buy the rights to that, which we literally can't under this law, then we can't operate in West Virginia.
00:49:00.000Well, this caused a huge backlash in the state.
00:49:03.000Several delegates from the state started reaching out to my family members.
00:49:26.000When the people move here, when all the members of TimCast.com buy a membership, that money effectively pools in the bank accounts in West Virginia.
00:49:35.000We then use that money to pay contractors to fix toilets, to pay IT guys to set up computers, to pay journalists and reporters in New York to produce content, and then from the money we spend in West Virginia, largely, it creates ancillary economic boons.
00:49:50.000So the state says, we need this industry in our state, we need more industry, because that means the guy who is a pizza maker, he's running a pizza shop in West Virginia for 50 years.
00:50:01.000All of a sudden, there are 73 new people living in the area who moved there because not that they work for Timcast.
00:50:16.000So when they went to the grocery store and bought all that stuff up, those stores had to hire more people to accommodate the increase in people, bringing even more people in.
00:50:23.000All of a sudden, that pizza shop owner, his property values tripled.
00:50:26.000All of a sudden, he's selling more pizzas than he can, and he says, guys, we've got to expand.
00:50:39.000I believe that you shouldn't be able to give special incentives to specific companies that our government negotiates with corporations that give them different rules than other corporations in the neighborhood.
00:50:55.000West Virginia passed a law which makes it illegal for us to buy content from Ilad.
00:50:59.000In order for Elad to sell content to us, he has to open a West Virginia business, get permitted, and everything that goes along with it, and it costs a lot of money.
00:51:07.000Then, he has to pay taxes in two states.
00:51:56.000The expanded infrastructure of the pizza shop, including their footprint, the gas, the propane they buy, the electricity, when they get a bigger building, now their mortgage goes up, now their rent goes up.
00:52:06.000All of a sudden, overnight, overnight, their revenue drops by 40-50%, and he says, it's not that I have to fire you guys.
00:52:53.000We have not yet had a conversation, but I'm actually seeking the overturning of West Virginia's Employment Classification Act of 2021, whatever it's called, which makes it literally illegal to be...
00:53:03.000Like, let me just hammer it out very simply.
00:53:18.000They came to us, told us he was a full-time employee, that we now have to pay a penalty.
00:53:24.000They're saying, no penalties, but everything you've paid him, we want you to pay an additional percentage on top for everything you've ever bought from him.
00:53:41.000So now I'm like, okay, so now what's happening is they've sent us this massive tax bill demanding money from us because they're trying to squeeze blood from a stone, and I would rather leave this state than let them rip me off and disrespect me the way they are.
00:54:10.000This next story from the post-millennial, RFK Jr.'s Department of Health and Human Services officially defines woman as an adult human female.
00:54:22.000It's ridiculous that we have to do that.
00:54:24.000It's like something that we can just see plainly with our eyes and...
00:54:30.000How do you feel about the fact that the – I mean obviously it is – I think we mostly agree with you that it is ridiculous.
00:54:36.000But how do you feel about the fact that this administration is taking the ideologically possessed to task with this and making it a part of actual government policy?
00:54:49.000I mean this is exactly what we've needed for years.
00:54:52.000The other side has just gone too far and this is exactly the kind of – this is – It sucks that that's what we need, but I'm losing my train of thought.
00:55:04.000I mean, for people that might not be aware of you, why don't you tell a little bit about your story and your experience?
00:55:10.000So I went through a medical gender transition while I was still a child because I... How old?
00:55:18.000So I was 12 when I started calling myself a boy, and that was after years of going through a bit of an early puberty and the distress that comes with that, a sexual assault, and I was just a tomboy.
00:55:29.000And that's where these feelings of distress came from.
00:55:31.000And because I was so distressed, I wanted to not have a female body, then my doctors in the state of California agreed, no, you're not a girl.
00:55:53.000And children are being, and vulnerable people who do not have, who are not in the mindset to be making major lifelong decisions, are being allowed to have parts of their bodies cut off and be castrated for life because of temporary distress.
00:56:46.000And so the interesting thing is, though, they can't define it, but they can prescribe a surgery to adhere to the lack of a definition.
00:56:52.000Which is, of course, based on the sex-based definition, because that's the only definition of male and female.
00:56:58.000So if they say it's whatever you want it to be, then certainly a female does not need to have a mastectomy to be a boy, because it's whatever you want it to be, right?
00:57:08.000So why are we pushing people to these?
00:57:09.000And why were they prescribing these treatments?
00:57:25.000There weren't people directly guiding me necessarily.
00:57:30.000As I said, I was kind of a tomboyish girl, and I connected more with my male role models, and especially my big brothers and the boys around me at school.
00:57:39.000And there were so many times when I thought, I don't feel like I'm very feminine, I don't feel like I fit in with the other girls around me, and I don't even feel like I'm pretty enough to be a woman.
00:57:49.000And I hate these changes that are coming with puberty.
00:57:57.000Everything I hear about being a woman, it's always about periods, menopause, the fear of aging, and nobody ever talks about the good things, so why would I ever want any of that?
00:58:07.000Eventually I would look in the mirror and think, I'm never going to be a good woman, so why should I just be a boy?
00:58:14.000I would have been so much happier if I were a young man than a young woman.
00:58:19.000To me, the way you're articulating it, it sounds like you're saying you had a discomfort with being a woman more than you had a belief that you're a man.
00:58:29.000And eventually that became a belief that I was a young man, but that didn't naturally come on its own.
00:58:35.000I started using social media when I was about 11 and I got my first cell phone.
00:58:39.000And I would mostly browse stuff that was oriented around my interests.
00:58:44.000But a lot of the kids that were also in these communities online...
00:58:48.000It just so happened to be young girls and sometimes boys who called themselves by the opposite sex.
00:58:53.000And this was nothing I'd ever, like, really read about my whole life.
00:58:55.000So it was very novel, very interesting.
00:58:59.000Well, I wasn't really using Tumblr a whole lot at the time.
00:59:03.000But there was, like, a lot of overlap between Instagram, which is primarily what I was using, and that community.
00:59:07.000There was, like, a lot of cross-posting between platforms.
00:59:10.000So it was basically the same kind of culture between the two.
00:59:14.000Probably after the Tumblr shut down then.
00:59:16.000No, I'd say it was probably five years before that maybe.
00:59:21.000But seeing these other kids so I could relate to more than anybody that I knew in real life and seeing them seemingly become happier through doing this and get through all the same problems that I had was like, wait, this is the logical next step for me.
01:00:09.000It was clearly a mental health issue for me, and it probably came from some of my other social and emotional difficulties that I was going through at the time, and just me being a kid going through puberty.
01:00:20.000Like, they were okay with me just, like, experimenting with the way that I dressed and stuff, and nothing beyond that.
01:00:25.000They didn't believe that I was actually their son, but they had their hand forced when they decided that they were going to send me to a therapist to get me a psychiatric evaluation and mental health help.
01:00:40.000I mean, for one, they weren't allowed in the room with me, so they didn't know what was actually going on.
01:01:58.000A lot of times they don't, or at least if you're separating children from parents, There's an implication to the child that's not communicated verbally, but there's an implication that, hey, maybe there's something wrong with your parents knowing this.
01:02:13.000Right, and I mean, if you're already like a kid who doesn't have a super close relationship with their parents in the first place, then that's going to further divide that.
01:02:21.000And so things, when you start to separate a child from the parent, things will get worse for them in every way.
01:02:27.000So I was going to therapy, but nothing was happening other than me being told like, oh yeah, you are a boy.
01:02:37.000We're going to expect your mom and dad to go along with this.
01:02:40.000There was nothing actually happening to help me with real issues that I had.
01:02:45.000I was going through a bit of a depression at the time because all my friends were older than me and I was in 8th grade, but everybody else, all my older friends had graduated and gone to high school by that point.
01:03:13.000There are a decent amount of kids who claim to be trans.
01:03:18.000It's actually because something in their life, maybe they're young, high school, 14, 15. Let's say because we're in the era of social media.
01:03:39.000And so I was reading this thing about how there are some therapists who believe that when a child in grade school or high school experiences a trauma and it's attached to them permanently through social media, there is only one way to escape that.
01:03:56.000And that they've encountered certain circumstances where the individual who was distressed was actually trying to escape something attached to their name.
01:04:03.000Hence, they wanted to change their name and change who they were.
01:04:06.000And when they went to councils and said, I have anxiety all the time.
01:04:34.000You can't be bullied anymore as long as you go along with this thing.
01:04:38.000I mean, I am part of the first generation of kids who grew up with basically these eyeballs all around us that if somebody catches something stupid that you're doing or saying...
01:04:50.000It's on the internet forever, and people know you forever.
01:04:54.000And I definitely felt that sense of pressure growing up.
01:04:57.000I was bullied not only at school, but also people would post photos of me and say awful things about me online, these other kids who I went to school with.
01:05:07.000And I think it's no wonder that kids want to escape the mistakes of their past when they're not allowed to live it down.
01:05:45.000And immutable is the key word here because no matter what somebody does to their body, whether they have their puberty stopped or they take cross-sex hormones over the course of a few years or they get their sex organs chopped off or reconfigured, you cannot actually change your sex.
01:05:59.000It's something that stays with you for life.
01:06:09.000So, Chloe, was there something that happened that made it click in your head that you are, in fact, a woman?
01:06:15.000So, throughout most of my transition, I was pretty confident in this idea that I was a young man and that this was going to make me feel happy and more fulfilled.
01:06:29.000Although, pre-surgery, I'd say about like a year into my transition, I started to realize that For whatever reason, I wasn't happy again.
01:06:44.000The euphoria that initially came with transitioning and with being recognized as a young man at school and with perfectly passing as the opposite sex was going to go away, and it just became life, and things were worse after the fact.
01:06:56.000But I started really ruminating because it's like nobody had ever presented this idea to me before, not even my own doctors, that...
01:07:04.000I could regret things one day or that could be harmful or detrimental for me.
01:07:08.000So I thought that the issue was still my body and that I still had to change something.
01:09:19.000Wait, so when I have a relationship, am I going to get married?
01:09:23.000Is my partner going to call me a wife or a husband?
01:09:26.000And if I have children one day, which I don't know how I'm going to do that while I'm on testosterone, I'm probably going to have to go off, which is probably going to induce more dysphoria.
01:09:34.000And even if I'm off of it for a while, what risks are there for me being a pregnant mother and any risk of birth defects for my child?
01:09:45.000Psychologically, how is me choosing to transition going to affect my children?
01:09:50.000How am I going to explain to my kids that I'm not actually their second father?
01:09:55.000I'm a mother, but I've chosen to live the lifestyle of a young man.
01:09:58.000I'm taking all these drugs to try and become something that I'm not.
01:10:00.000Is that not going to be damaging for them?
01:10:03.000And then I had this lesson in my junior year of high school about...
01:10:09.000I think it was the Harlow experiments on rhesus monkeys, the wire mother versus cloth mother.
01:10:13.000And it was the first time that I ever really thought about breastfeeding or nursing in depth.
01:12:02.000One of the things that they used to really push my mom and dad...
01:12:08.000And into saying yes to all this was the idea that I would commit suicide if I wasn't affirmed and if I wasn't allowed to do basically whatever the hell I wanted.
01:12:21.000But the truth is that I wasn't even close to suicide before.
01:12:26.000I was lonely, I was depressed, but I wanted to have a better life.
01:12:35.000I had never been closer to taking my life than during the detrenchment process because I thought that life was already over for me, that I wasn't going to make it to 18 years old and that I wasn't going to ever be happy again.
01:13:11.000I'm using this as a launching point to elaborate into a deeper story.
01:13:14.000They say, Google searches for criminal defense lawyers surge at Washington, D.C. with Trump in the White House.
01:13:19.000Now, we did cover this story before, and I want to give a shout-out to Mark Mitchell of Rasmussen Reports because he has continued his investigation here, and it gets particularly worrying.
01:13:30.000The first thing I want to say before we get anything, if you or anyone you know has expressed or is feeling any kind of thoughts of self-harm, please reach out to someone you know and love.
01:13:43.000There's a story about the Golden Gate Bridge where they interviewed survivors, people who had jumped off trying to end their own lives.
01:13:52.000And they asked these people, what was the first thing that went through your mind when you jumped?
01:14:17.000Even though I know there are bad people out there.
01:14:19.000With all that being said, Mark Mitchell has done the search and found that in the District of Columbia, the search term Suicide has been spiking since the USAID story went viral.
01:14:33.000I decided to dig a little bit deeper than that and see how it correlates with other search terms, including criminal lawyer, which I brought up, layoffs, and fraud.
01:14:44.000And that's where things get very interesting.
01:14:46.000These search terms all track very close to each other, indicating their volume is comparable.
01:14:53.000We can see your criminal lawyer suicide layoff fraud in the District of Columbia for the month of February.
01:14:58.000You can see that they're all relatively comparable in terms of their scale.
01:15:04.000Despite the fraud search term reaching 99%, you can still see that the other search terms track somewhat alongside it, sometimes overlapping.
01:15:14.000To show you that this is a direct correlation of comparable volume, I'm going to add the search term Super Bowl.
01:15:22.000Criminal law is a fairly common thing, right?
01:15:24.000When you add Super Bowl, it basically erases all of the other search terms, indicating volume for Super Bowl greatly exceeds the volume for the other terms.
01:15:49.000Search on Google in District of Columbia for pizza is basically the same and drops all of the other search terms down to single digits, sometimes one, two, four or otherwise, whereas pizza remains strong.
01:16:04.000So what this means is criminal lawyer, suicide, layoff and fraud are all being searched for in comparable volume, indicating that at the very least how they are all beginning to trend around the same time.
01:16:19.000And that they're all around the same numbers, it is likely one cohort in the District of Columbia that is experiencing something like this.
01:16:27.000I guess what I'm saying is, this is circumstantial evidence that following the gutting of USAID, now the IRS and these other government departments, the firing of these individuals, and the fear of fraud.
01:16:43.000Has resulted in these people searching for these terms.
01:16:46.000When criminal lawyer was found to be going viral or trending on Google search, a lot of people were like, hmm, I wonder how many people near D.C. knew that they were defrauding the government.
01:16:57.000When you then see that Mark Mitchell searched for the term suicide and saw a comparable trend on Google in the District of Columbia, you have to wonder what is the motivating factor.
01:17:12.000But it seems to be that the actions being taken by Donald Trump has resulted in people panicking, fearing criminal prosecution, searching for the term fraud for any reason, and some people contemplating self-harm, which I will stress, please, you know, seek help.
01:17:29.000But simply, to wrap it all up, there's a lot of criminals.
01:17:35.000Well, I mean, that's going to be hard to find.
01:17:38.000You know, it's a delicate issue, and I don't know that any journalist wants to go to local fire departments in D.C. and start asking them those questions, but maybe.
01:17:47.000I mean, no, I mean, journalists sometimes ask those questions, real ones.
01:17:51.000But I think it's plain to see there's a lot of people who are probably guilty about something or scared of something.
01:17:59.000Yeah, I mean, there's part of me that wonders if people are...
01:18:04.000Freaking out because of what they believe Trump will do once, like, Kash Patel's in, you know, once he gets into his position and he's confirmed and the actual policies that Trump's been talking about.
01:18:16.000I wonder if people think that this situation is they're going to persecute me because I was anti-Trump as opposed to I know that I've actually done something wrong and I have to worry about it.
01:18:31.000There's so many people that have this hyperbolic, like they believe Trump is a dictator.
01:18:37.000They genuinely believe the garbage that they say about him, like Trump is Hitler, etc., etc.
01:18:43.000And so I wonder if these searches are because they're like, oh man, they're on to me and they know what I've done, or if they're like, oh, Trump is...
01:18:54.000The reincarnation of Hitler, and he's gonna come...
01:18:56.000It almost makes me wonder if it's like narcissistic, like self-aggrandizing.
01:19:02.000Like, I work at the IRS, and he's gonna come after me.
01:19:05.000It's like, well, you're not really that big of a deal there.
01:19:08.000I feel like if you're working for the government for the last couple years, for the last whatever, how long they're working in the government, they've partaken in something that has been a kind of bit shady, no matter what.
01:19:21.000I'm sure one little thing they did was a little shady one day.
01:19:24.000Three years ago, they were like, wait, maybe that was wrong.
01:19:43.000Well, sir, in the interest of fairness, I have just pulled up the search for Valentine's Day and suicide for the month of February and found zero correlation on any of the days.
01:19:55.000Yeah, I searched for a bunch of other terms, too.
01:19:58.000I searched for Trump, I searched for Biden, I searched for Democrats, I searched for Republicans.
01:20:01.000When I was doing my story earlier and pulling up this research, I didn't just choose those four words.
01:20:06.000Those are the four words that seemed to correlate to comparable volume.
01:20:10.000As you can see, Valentine's Day maintains a stable Google search trend, and there is no correlation with suicide.
01:20:17.000Even when Valentine's Day spikes to 100%, the suicide term doesn't move at all.
01:21:06.000Like, I did a little fraud, so I'm going to, like, consider...
01:21:08.000Well, I mean, look, I genuinely believe there are people in D.C. who are sweating bullets right now because they know they were sending in fraudulent invoices to the government.
01:21:57.000A couple years goes by, and he's like, this is what we do.
01:22:00.000Start sending in hours himself, saying, what did we do?
01:22:03.000We did 10 hours, call it 20. Trump gets in and says, we're going to look for the fraud.
01:22:07.000And now this person is sweating bullets being like, I must have billed 7,000 hours over the past several years ripping off the government for a million dollars.
01:24:13.000The laws of thermodynamics as we know them is that the universe tends towards chaos, and life is striving to fight against the darkness every single day.
01:24:20.000So we want in all our power to preserve life to the best of our abilities, in every facet, and it's really, really difficult to do.
01:24:29.000So they're looking up fraud and they're worried about Trump.
01:24:32.000And I'm worried about them too because, look, you may have taken money from the government illicitly or for whatever reason, but I don't want bad things to happen to you.
01:24:39.000First of all, we want public accountability.
01:25:34.000Let's jump to this next story, which is...
01:25:36.000This is probably one of the more serious stories of the day.
01:25:39.000This is from NPR. Trump claims expanded power over independent agencies.
01:25:43.000I appreciate the simple narrative from NPR, in all honesty, because what Trump did was he basically said, the Constitution, Article 1 says the executive power is vested in the president.
01:25:55.000Congress, at some point, created independent agencies that they claim Trump has no authority over, despite the fact the Constitution says he has full authority over the executive branch.
01:26:07.000It is fascinating to me that right now the narrative is Trump just made a major power grab to all the progressive organizations because he issued an executive order saying...
01:26:17.000Federal agencies have to report to the Office of Management and Budget, and then we're going to supervise the things they're doing and the money they're spending.
01:26:24.000This is a continuation, or it relates to something that we've been talking about, which is our, or at least my belief, that I think most of the people around the table have said they kind of agree with.
01:26:34.000That Donald Trump is trying to get the authority back into the office of the presidency, the constitutional authority over the executive branch.
01:26:46.000So there's all these bureaucracies that have grown up underneath the cabinet ministers, underneath the Secretary of State, the Secretary of Defense, all the cabinet, right?
01:27:37.000He does have latitude in how they're executed, and that's why there are some rules that can be made in the executive branch.
01:27:45.000All of the executive branch agencies, they've all become de facto legislators because the rules that they come up with have the force of law.
01:27:54.000And these are positions that right now, it's difficult to fire people.
01:28:00.000And when I say difficult, almost impossible.
01:28:02.000So the point that Donald Trump is making with these kinds of moves is to get this question in front of the Supreme Court so he can have the backing of the court to say, no, the executive does have the authority to fire people.
01:28:16.000The executive does have the authority to decide how things are carried out.
01:28:20.000And this is vitally necessary because the executive, as in the president, is elected by the people.
01:29:36.000Yep, so the president can go to war whenever he wants, but can't stop the out-of-control spending and the corruption.
01:29:42.000Basically, Congress has empowered corruption in every aspect.
01:29:45.000And both of those things that Tim's talking about are unconstitutional, right?
01:29:49.000The Congress voted to give President George Bush the authority to decide if he was going to take military action in Iraq.
01:29:59.000And they did it because it was full of cowards that didn't want to actually vote on whether or not to go to war.
01:30:06.000The reason we haven't had an official war and we've only had police actions and the war on terror that was carried out under the authorization to use military force, it's because the Congress has been spineless and afraid to actually vote yes or no on war.
01:30:23.000If they give the power to the president, which they don't have any constitutional authority to do that, right?
01:30:30.000The Constitution says Congress declares war.
01:30:32.000It doesn't say Congress declares war unless Congress is full of chicken shits that don't want to actually vote on it because they're afraid of their constituents so they can give that power to the president.
01:30:42.000You can't give that power to the president without a constitutional amendment.
01:30:46.000But Congress is cowards and the entire...
01:30:50.000So we need to have the president have his constitutional powers, which is not to execute foreign wars or to engage in foreign wars, but is to fire bureaucrats.
01:31:50.000It is remarkable to me that Congress created agencies of the executive branch that operate outside the powers of the president because that's unconstitutional on its face.
01:31:57.000And now they're arguing it's unconstitutional for Trump to try and assert his constitutional authority as president.
01:32:02.000It is clear that their intent was to create a deep state bureaucratic machine that operated outside the confines of any branch and that Trump would try to stop it.
01:32:38.000And I would even go further than what Elad says.
01:32:41.000I would say that it's from the whole leftist ideology.
01:32:44.000So it was the KGB and it was the Soviet Union.
01:32:49.000But after the fall of the Soviet Union, the people that are leftists, the people that believe in communism, the people that believe that that is the goal of...
01:33:02.000That it is an inevitable march towards a global society with no currency and no property.
01:33:10.000Those people didn't just go away and those ideas just didn't go away just because the Soviet Union fell apart.
01:34:07.000Why is Steve Wilcox the new Henry Kissinger?
01:34:10.000Well, Henry Kissinger was viewed as like a realist diplomat who, you know, did he really open China or just was he...
01:34:19.000Not thinking that, pretending that Taiwan was the, you know, how long could we ignore China for before we try to build some sort of relationships with them?
01:34:26.000As I'm thinking, it's this realpolitik school of thought, and he was able to accomplish a lot with his sort of diplomacy, especially compared to the people who came after him.
01:34:36.000Deng Xiaoping was the, I guess, Prime Minister of China.
01:34:42.000He was the chairman at the time that Nixon went over there.
01:34:46.000And Deng Xiaoping had a different relationship with Marxist theory than Mao.
01:35:02.000He believed that he had a saying that was, I don't care if the cat is black or white as long as it catches mice.
01:35:09.000So he didn't care if it was purely Marxist-Leninist or what type of communist was, as long as it provided for the people and kept the Communist Party in power.
01:35:20.000And so that's why they opened up markets, and that's why you have things like...
01:35:28.000China has massive industry and they have what looks like markets in China, but they're all controlled by the CCP, by the actual Communist Party.
01:35:40.000That's why ByteDance has an official CCP representative.
01:35:47.000In their office, like in the building, they have someone that represents the CCP. And they all know that if the CCP says do this, they have to do this, or the CCP will take their property.
01:35:59.000Trump just signed an executive order terminating all taxpayer-funded benefits for illegal aliens and the end of subsidization of open borders.
01:36:07.000So that's actually much, I think, more massive than people realize.
01:36:11.000With things like TPS and housing, jobs, vouchers, I mean, I'm curious about what's going to happen to these luxury hotels in New York.
01:36:21.000I believe also illegal migrants get health care through the city, in New York City, if I'm not mistaken.
01:36:26.000In Pennsylvania we did, but you had to be a minor.
01:36:28.000We would give, even if, no matter who you are, we'd give in Pennsylvania.
01:36:32.000Not if you're an American citizen, though.
01:36:36.000And then there's the right to housing laws in New York City, which is why all the migrants had to be housed in these different hotels and whatnot by law.
01:37:16.000Because I just don't have time, don't want it.
01:37:18.000But now I'm trying to sleep more, and it's actually very difficult.
01:37:21.000Like, normally I would sleep six hours a night, and I hear Trump does too.
01:37:25.000And my sleep tracker was always like, you're doing great.
01:37:29.000But now I'm like, I'm going to try and just get more sleep, although my tracker's now saying you can't force more sleep if your body doesn't need it.
01:37:51.000And then for like a few years while doing this stuff, like, I would get maybe like a total of like five hours per night, which is not good.
01:38:02.000That was pretty messed up for a while, as you can probably imagine.
01:38:04.000When I moved down here in my apartment, I bought a nice bed, like a really nice mattress, and...
01:38:09.000I, that thing, I sleep for like nine hours if I don't set an alarm, and I shouldn't be sleeping that long, because like, you know, as you get older, you're supposed to get less, you're supposed to require less and less sleep, I thought.
01:40:42.000For me, the issue is I work, you know, basically 16 hour days.
01:40:45.000So when I'm going to bed, if I'm not, it is like, if for some reason I'm forced to stay awake, like I have to work till one in the morning for some reason, and then I go to bed.
01:41:35.000So if you want to get the straightforward story from Chloe, it's up on rumble.com slash timcast IRL. But for now, we'll grab your Super Chats.
01:43:03.000Fifty years from now, every single person in this country will be taxed on anything they own, including a chair.
01:43:08.000I don't know how else to say this, so I'll say it one more time.
01:43:11.000The top net worth individuals in our country need a special case, and the laws that we apply to them will not apply to people who earn less than...
01:43:22.000I just feel like you didn't listen to anything I just said.
01:43:27.000I literally read a super chat that said, the income tax was sold...
01:43:30.000Based on exactly what you just said, following the course of history, it will be applied, no matter what we do, to everyone.
01:43:37.000And then you said again, as if you didn't listen to anything I just said.
01:43:41.000No, the way I was expressing the mechanisms and how I want these laws to work, I mean, yeah, you're saying a bastardized version of what I'm advocating for.
01:43:50.000That's like saying, if you ever advocate for any sort of censorship at all, don't you know that censorship could be used against things you like?
01:43:56.000Therefore, we shouldn't censor anything.
01:43:59.000The income tax was originally sold as only on the wealthy, and the fear then is, following that, it will be the same.
01:44:06.000Whereas, the censorship argument is a moral argument over what we censor when we decide to censor it, and could go one of other directions.
01:44:15.000Taxes are only voted in one direction.
01:44:16.000The mechanisms that taxes are done through can be used improperly.
01:44:56.000We are a mixed economy that applies certain socialist principles to capitalist markets.
01:45:01.000That's why we're not a capitalist country, nor we are a...
01:45:04.000But it's called a mixed economy because it applies both.
01:45:07.000And the argument often is the battle between the two and which direction we want to go.
01:45:12.000So the left advocating for the socialist tilt, which is increased taxes more and more, and the free market side, which includes some Republicans and many libertarians to decrease taxes.
01:45:23.000So I disagree with the argument that taxes or increasing taxes and having different types of taxes on different income earners or net worth people is communist or socialist.
01:45:33.000I think it's like a misunderstanding of what socialist is.
01:45:36.000Socialist is when people seize the means of production.
01:45:40.000And just to say countries have taxation.
01:45:58.000That is, stock the wealth Bezos owns is his equity and ownership of the company and you are advocating for seizing his means of production.
01:46:06.000I said there should be a mechanism in which we have these high net worth individuals pay more in taxes.
01:50:02.000We need to find a mechanism in which we find a way to tax people who are the highest net worth individuals who purposefully use these rules.
01:51:30.000He's not legally allowed to sell based on contractual obligations.
01:51:34.000You want to tax when he's legally allowed to based on performance issues, meaning the stock reaches a certain value, he can sell a certain amount.
01:51:42.000That's when he can cash out some of his equity.
01:51:45.000What you have explained to us is that you want to tax Bezos on what's called unrealized gains.
01:51:51.000That is, Bezos owns a portion of his company and that portion of ownership equals an imaginary value.
01:51:59.000Because that imaginary value is very high, he should have to find a way to acquire cash to pay the government.
01:52:05.000The only means by which that could be accomplished would be if he sold equity stake in his company.
01:52:11.000That would mean the government put a requirement for him to relinquish a degree of control of his company.
01:52:19.000It doesn't have to be, and I'll explain to you why.
01:52:21.000Because certain stocks have more voting rights than other stocks, so they don't have to make him relinquish specifically stocks that have voting rights in his company.
01:52:29.000So there are ways around this, and that's why I'm saying there needs to be a mechanism.
01:52:32.000My larger point here is that there are ultra-wealthy people in our country who do not pay any reasonable, understandable share of tax, even compared to their fellow 1%ers.
01:52:42.000So the 1% of the 1% ends up paying less than the other 99% in that 1%.
01:52:50.000The issue with how these people are taxed needs to change is my point.
01:52:53.000Okay, so you are advocating for a tax on unrealized gains.
01:52:58.000In some way, we don't know how yet, but somebody who generates imaginary wealth should have to pay the government based on the perception of that wealth.
01:53:06.000For the ultra-wealthy once you pass a certain threshold in our country?
01:53:33.000Jeff Bezos has to be able to pay as much taxes as you know people who earn millions of dollars.
01:53:39.000So if someone bought a Spider-Man comic for a dollar, and then 20 years later it was worth $10 million because it was a rare Spider-Man comic, and it was graded 10, sealed in a box, they now have an imaginary net worth of $10 million.
01:53:53.000Should we tax them for having that Spider-Man comic?
01:55:03.000And if you don't see an issue, Phil, if you want to, I think it's abundantly clear that somebody with the net worth of Jeff Bezos should be paying more than just his income tax on $80,000 a year.
01:55:32.000The progressive tax argument is that the wealthier you are, the less money you require for standard living and the more money you have for capital investment.
01:55:42.000The reason we tax you at a progressive rate is because you require less money the more money you have.
01:56:58.000Not that you were a socialist, but the socialist argument is we should tax the wealthy because they have access to wealth and power more than the working class.
01:57:19.000Liberals in the modern colloquial context have socialist tendencies in the mixed...
01:57:26.000One could make the argument, we should tax the wealthy, not just because they are wealthy, but because we want to fund government programs or because we want to remove money from the market that's inflationary due to mass spending or money creation of the U.S. government.
01:57:41.000Those are mechanical reasons to tax people.
01:57:43.000One could argue, like Bloomberg, we should tax the poor because poor people make bad decisions.
01:57:48.000And if we take their means of purchasing from them, we can determine through government programs what they should do.
01:57:55.000I explained to you that the socialist precept was that wealthy people do not need that much money beyond.
01:58:03.000And after they've already met their needs, which is to each according to their needs from each according to their capabilities, the extra money levies undue influence.
01:59:14.000So one could argue that we are becoming socialist, as they often do.
01:59:18.000Some could argue that we are becoming more laissez-faire, likely under Donald Trump.
01:59:21.000We're moving in that direction, which means you end government programs, you end government subsidies, you stop taking from one group to give to another.
01:59:28.000The United States is a mixed economy, meaning I think the average is that around 45% of all income is taxed, of all tax brackets.
01:59:37.000If you are a regular working class person, through property tax, through income tax, through sales tax, excise tax, service tax, etc., road tax, gas tax, you're paying about 45% of your income in taxes.
01:59:49.000That's why some argue we're not a totally socialist nation, or we don't lean socialist because we actually lean slightly less because we're taxing it less than half of your income rate.
01:59:59.000Simply put, taxing the wealthy for the sake of it because they have too much, that is the socialist argument.
02:01:05.000Well, with all due respect, I do actively monitor viewership during the show, and it is comparable to any other time.
02:01:11.000And I do know that a lot of people don't like when we get into arguments like that, although many do.
02:01:18.000And I think it's important to have those conversations, and this is why we have eclectic voices on the show, because there are a lot of people who have never heard the argument articulated as to why these taxes should or should not exist or how they function.
02:01:32.000That is to say, there are a lot of people out there who genuinely believe that Bezos pays less taxes than the average American, which is a fact statement that is false.
02:01:42.000There's a lot of people who believe the wealthy aren't paying their quote-unquote fair share, which is an opinion-emotional argument.
02:01:47.000Fair share is a meaningless nonsense term.
02:01:51.000The fact is that the top 1% pay around half of all income taxes or more in this country.
02:01:56.000And the lowest income earners pay almost none.
02:01:59.000In order to be a net taxpayer in this country, I think you have to make around like $150,000 to $200,000 a year.
02:02:05.000So these things are important to understand because we have a country that heavily subsidizes people in a variety of ways, from health care benefits to the fire department, police.
02:02:18.000All of these things are paid for that the average person isn't actually paying back.
02:02:22.000So when people call for the death of billionaires like Bill Burr, they're basically saying, destroy the mechanism by which we actually fund the tax base, and that would be catastrophic for the structures of this government.
02:02:34.000There are always going to be the top one, the top 0.1% of human beings.
02:02:38.000No matter what laws you make, no matter what you do, they will always find the means to maximize their potential, to maximize control, either because they're naturally charismatic, they have social currency, or hard currency.
02:02:53.000She says, I don't make that much money.
02:02:55.000But she is actually, in the full metrics of social economics, one of the wealthiest people in the world, in that with her 10 million followers on X, She could destroy economies, like she did in New York City with Amazon.
02:03:08.000She was able to snap her fingers and rip $30 billion from New York.
02:03:13.000She may not have cash, but her social currency is more powerful than anything Bezos can do, or arguably as powerful.
02:03:20.000We're going to go to that members-only show, my friends, so smash the like button.
02:03:23.000It's going to be on rumble.com slash timcastirl.
02:03:25.000You can follow me on X and Instagram at timcast.
02:03:27.000Chloe, do you want to shout anything out?
02:03:30.000So I'm on X and Instagram primarily, but I'm also on YouTube.