Glenn Beck (93:19)
Okay, good, good. Because I was gonna say if, you know, it's a little late if you're a billionaire, it's a little late to get out. I would get out now because if this, if this passes, you're, you're going to lose a one time and only this one time, a one time tax of 5% on your net worth. Now, I don't know, I mean, what are you worth? Well, I'm not worth anything. I don't have anything. Well, do you have a house? You have a car? Do you have anything? Anything? Because that's what your net worth is. Okay, so imagine you're, you're, let's say you're a billionaire. Okay? Do billionaires just have all of their money sitting in a bank? No, they're, they have it invested in different things. So you're going to charge them 5%, which means let's say, let's say you're Elon Musk, you got a lot of money, but where is that money? That money is mainly in stocks for his own company. So he'll have to, he'll have to sell 5% of his stocks, then take that money and give it to the government. Okay, what, what do you think happens if he's taking 5% of his money out of the company and having to give it to the government? Now he's, he's doing that because that's his net worth, but if his net worth ever goes down, they don't give him that 5% back. This is the biggest, most communist kind of starting point you can possibly imagine. You know, and it's. Honestly, it, it happens in every civilization that, that stops asking, how do, how do we, how do we make things? How do we grow things? You'll notice Elon Musk not talking about taxes. He's talking about cutting spending, but he's not talking about taxes because he's, he knows I make money by making things. If I make something and I make it better than everybody else, I'm gonna make lots of money. That's, that's what capitalism is. And real, true capitalism is the most, Is the best charity, because all I have to do is serve you. If I'm thinking all the time, how do I make your life easier? How do I come up with something that you need, you want? Do you think they didn't even have to advertise on the, on television, the fat shot. Everybody was wanted a fat shot or a fat pill since they were born. Someday they're going to come up with a fat pill. So you take it and your fat just goes away. Well, they came up with it. Notice they didn't have to advertise because everybody saw their friends losing weight. They're like, what are you doing? Oh, there's this great fat shot. What can I have that? They couldn't keep it in stock. That's capitalism. Making something that everybody wants that will make their life easier or better in some way, shape or form. That's capitalism. That's why Elon Musk, that's what he does, he's making stuff that make everybody go, holy cow, you did what? And it just gets better and better and better. But at some point, a civilization stops asking how to grow, and it starts asking, how do I take that from him? How do I get that? Because I don't want to work for it. And the moment's always disguised as compassion. Yeah, but we have to take Care of people who aren't like him because he's a billionaire, he's got a lot of money. And it always, it always arrives wrapped in moral language and it always ends exactly the same way. Justice. Some kind of justice. We just need a little more and these people can afford it. But history tells us something. Every time that happens, this is uncomfortable. When a society begins taxing what already exists instead of what is being created, it's no longer building an economy, it's dismantling one. You know, you take that fat drug, you can only take it for so long because what does it do? It starts eating good stuff. It starts eating muscle. And you can't lose the muscle. That's the good stuff. You want to get rid of the fat, not the muscle. Right? That's what, that's what this is. When you start taxing things on not creation, but what already exists and what people have, you're eating at, you're eating into the muscles. You're no longer thinking that I need to, I need even exercise or I need muscles. It's always going to be this way. Think of an orchard. A healthy society plants an ortho, plants, trees, plants an orchard. They protect the soil, they wait, wait for it to fruit. They take care of it. A failing society cuts down the trees because they're angry at the, the people who planted them in the first place. You're like, wait, what? The harvest feels good at first, you know, one season and then the orchard is gone. And that's what wealth tax is. Not income, not profit. Stored value, the roots, the seed corn. And once you do it, once it's gone, this is going to be a one time 5%. Really? What are you going to do next year? You're going to get addicted to that money. You need that money. We need it even more than we did last year. What are you going to do then? You've done. You're only going to do it once. Wow, that doesn't even sound like a good plan. History is merciless on this point. Every time governments have decided that wealth itself is immoral, capital's done the only rational thing that it, it can do. And that is. Okay, well, I'll leave. I mean, California, you think you've seen an exodus yet? You haven't seen anything. Wait until, wait until you start going after the billionaires that have been paying for a lot of your taxes. The ones who have been voting you in. Don't get me wrong, I want those billionaires to stay in California. I want them in California. I don't want em in Texas because they haven't learned a thing. They were fine voting you in. They were fine using their wealth to get you into office so they could get what they needed. Now they don't like it, but they haven't learned their lesson. They're just like, well, they're gonna take it away from me. I'll go and spread my socialist poison elsewhere until they don't get it, and then I'll move someplace else. Ah, yes. This is crap. But this is what happens. This is what happens. It leaves, and it's quiet at first, but then it's all at once. And not because the wealth is greedy, but because what did you do? Honestly? Who are you? The governments are greedy. And France learned this the hard way. France did this years ago. And they were like, yeah, we're going to. We're going to take some of the people who make too much money. And all those people, like, they just. They got on the next ship and they were gone. And also, the tax raised less than projected. Wait a minute. What? Yeah, yeah, because people left, growth slowed, unemployment rose. Eventually the government said, oh, even fresh. I mean, we've got to surrender to something, huh? They surrendered that thing. And Venezuela. Venezuela did not start with fairness. I mean, start with communism didn't start with all of this. They started with fairness. The Soviet Union didn't begin with bread lines. It started with resentment. Notice fairness and resentment, they seem to go hand in hand right before the fall of something really, really good. What are they? So what. What is the left sowing the seeds of fairness and resentment? And every social. Every socialist system that starts with, we know, just going to take a little from those who have too much. It always ends in disaster. Same way. Same. Same way you run out of people's money because rich people go away and the middle class collapses. And wealth taxes don't stay targeted. You know, they never do, ever. Once the principle is established that the state owns what you already have earned, the definition of wealthy can be slid down anywhere. First billionaires, millionaires, then homeowners, who is. I mean, look at what Mamdani is saying in New York. Oh, you know what? You're going to have a different relationship if you're white, you know, even some very rich black people. You're going to have a different relationship with private property. What. What are you talking about? Are we in Cuba? You know, got to take the people who have homes, because there are a lot of people who don't have homes. Oh, the retirees, they got a Lot of saving. They got a lot of saving. Anybody who plans ahead, they planned ahead. They got a lot. That's why wealth tax is. Is nothing but rage bait. It is politically intoxicating because they promise consequences without the cost. You're not gonna pay a cost for it. They're gonna pay. I'm at them. Look what they've done. Yeah, look out, because pretty soon you'll be them. And you know, politicians say you don't. There's no punishment here. We're not. Somebody else is gonna absorb all the pain. And the pain always arrives. And it shows up as fewer jobs and as businesses that don't start. An innovation that happens someplace else. A tax base that shrinks while obligations are growing and growing and growing as public service deteriorates, even as the taxes rise. California already has the highest state income tax in the nation, and they still need more. How much more do you need? California, it's already bleeding population, it hemorrhaging. It's hemorrhaging businesses. And a wealth, wealth tax that's going to fix that. Are you kidding me? That's gasoline on that fire. And here's the dangerous lie at the center of all of it. That wealth is static. Wealth is hoarded. It just sits there. It doesn't. Wealth is future activity frozen in time. Factories that are not yet built, salaries not yet paid, technologies not yet invented. Well, they got it all in stocks. What do you think? What do you think those stocks are doing? Why do we sell stocks in the first place? We sell stocks in the first place because the way it's supposed to work is people believe in that company. They believe they're going to make something great. They believe they're going to do something that really serves people. And so the capitalist dream will actually happen. And I want to help them expand. I want to help them build the next factory. I want to help them hire new people. That's what stocks are supposed to do. And when you tax all of it away, you're not punishing the past. You're sabotaging your future. This way. This way. Socialism. I said this a long time ago. First you have to sell it, then you have to shove, and then you have to shoot. It always collapses into coercion. Because once voluntary participation disappears, force becomes the only remaining tool. You shame, you tax, you regulate. You restrict movement. And then you criminalize resistance. I shame, shove, shoot. You know, sort of happened. California, you're at that fork in the road right now. One path admits hard truth. You cannot spend more than you produce. You cannot punish people for funding your system. You can't. You can't vote yourself prosperity. And the other path is familiar. It's popular, it's very loud. It's. It's also catastrophic. But it's probably the one you're going to choose. You know, history is not whispering here to you. It's shouting, don't do it. You can redistribute wealth for a while, you can blame the rich for a while, but you can't repeal mathematics and economic reality. And once the orchard is gone, no amount of rage is going to bring the trees back. Good luck with that. California. Back in a minute. Let me tell you about Lifelock. Most of us think about our identity the way we think about our health. If nothing feels wrong, we just assume that everything's fine. That's what makes identity theft frustrating. By the time you notice it, the damage is already done. Someone opens an account you never applied for, a loan shows up that's not yours. Credit takes a hit for something you didn't do, and now you're stuck proving a negative. You're cleaning up a mess you never made. LifeLock exists for that reality. They monitor for signs that your personal information is being used in ways it shouldn't be. And if something goes wrong, they don't just alert you, they. They alert you and then not walk away, they alert you, then bring a team in to fix it. That means restoration specialists who step in, stay with you until the identity is yours again. This isn't about living in fear. This is about knowing that somebody is watching the door so you don't have to protect yourself at that door and sleep at that door. You can do it with LifeLock. Join now. Save up to 40% off your first year with a promo code BECK. Call 800-LIFELOCK1, 800, LIFELOCK and use the promo code BECK. 40% off terms may apply. It's lifelock.com, promo code BECK1, 800, LIFelock. 10 seconds. Station ID.