>> So a Daily Wire panel discussion
about President Biden's plan
to raise taxes on the rich and
corporations in order to pay for
some of his agenda it devolved into
a discussion about raising taxes on
the poorest of the poor, try and
figure that out.
So this all started when
Ben Shapiro who was on the panel
was sick and
tired of the richest in the country
getting fleeced by the government.
So when he heard, that Joe Biden
was pushing something to raise
taxes to make sure these things
happen, he was screaming at his TV.
So I'll let him do the talking.
>> I was screaming at
the television when he's talking
about taxes, because what he's
saying is so obviously asinine.
When he says that rich people
don't pay their fair
share in this country- >> Yeah.
>> That is just an abject
disgusting lie.
It is a lie, the top 10% of income
earners in this country pay all net
taxes, not some of the net taxes,
all of the net taxes.
Because net taxes
are defined as what you pay into
the government minus what you get
back from the government.
When he says they're not paying
their fair share,
the only thing he means by they're
not paying their fair share is it
should be nearly all of your income
goes to the federal government.
And when he says things like, we're
not going to tax anybody who's
making under $400,000 a year, he is
lying to you through his teeth.
When he says I'm going to tax
corporations, corporations are not
human beings for purposes of taxes.
The money that would have been
passed on to you via
income is being taxed up here.
Corporations are going to have to
raise prices in order to deal with
the taxation effects.
When he says that, I'm going to tax
all of these rich people on their
capital gains taxes, what do you
think those rich people are going
to do rather than put their money
in the stock market where
they get taxed on capital gains?
They're not going to put their
money in the stock market.
So what happens to your 401k?
And what happens to the businesses
that hire you when Joe Biden
decides that your boss needs to be
taxed out of existence in order so
that he can determine where
the dollars go?
This jackass has never created
a single job in his entire life.
>> My god.
So there's a lot there.
I hope you guys took notes for
what you're going to respond to,
but first, I want to get into some
of the points about what he was
talking about with the rich and
the corporations paying too much in
taxes, and maybe they're going to
be taxed out of existence.
So, from the Los Angeles Times,
Laura Davidson did point out
the head of the IRS calculated that
tax evasion in the US may total $1
trillion a year,
a figure that's multiples higher
than previous estimates from
the federal government.
She went on to say,
a study released last month,
which included two IRS officials as
authors, found that the richest 1%
of Americans don't report about 20%
of their income to the IRS.
Those individuals are able
to use pass through businesses and
offshore structures to shield their
income from the IRS' view,
the study also said that.
So collecting that money would
boost tax collections by $175
billion a year is what this
study found.
And let's move on
to the largest corporations and
what they had to do last year.
We've heard about this especially
the fact that we went through that
COVID year when a lot
of people's entire
lives were destroyed economically.
So let's look at what some of
the corporations did last year.
55% of the nation's largest
corporations paid no federal
income tax on more than $40
billion in profits last year.
That's according to an analysis by
the Institute of Taxation and
Economic Policy,
it's a progressive think tank.
In fact,
they received a combined federal
rebate of more than $3 billion,
for an effective tax rate of about
negative 9%.
Last I checked,
negative 9% was less than 0.
[LAUGH] >> One more part,
by all appearances the companies
described in this report appear to
be using entirely legal means
to reduce their tax bills.
Many of the tax provisions these
companies are using exist because
they themselves have lobbied
heavily for the creation.
Again, their money has gone to
lobbying politicians to make sure
that the law is a certain way that
they can have these tax havens,
openings, loopholes, whatever you
want to call them, from the richest
and the corporations.
But Ben Shapiro's still
upset because they're
paying way too much in tax,
in fact they're paying all of it.
So you at home,
who's not a corporation or
the richest 1%,
you're not paying anything,
you're doing nothing for
this country.
>> So I'm going to get to the taxes
that the poor are paying in
a minute, because they're going to
attack the poor in a minute,
we'll show you that too.
But first on the poor,
poor corporations.
First you got these five seemingly
rich guys,
sitting around smoking cigars in
a nice room with nice whiskey,
etc., going, yeah, the real problem
is the poor people ,man.
The rich have it real tough.
And they turn around and he does
a spirited defense of corporations.
I mean, he just has the temerity.
Dude, that's not a popular position
even in the right wing now.
Tucker Carlson is hitting big
corporations because the right wing
is getting crushed by big
business too.
And he's like, my poor friends in
corporate America.
So I want to show you one more
chart here to illustrate the points
that Jayar was making about how
little they pay in taxes.
So let's show you this from 2018
corporate taxes in millions.
So Amazon made $10 billion and,
they have a negative 1% effective
tax rate.
Now that's weird,
look at all these companies.
Combined it's billions upon
billions of dollars that they're
making.
But Delta Airlines,
-4%, Chevron, why is this giant
profitable oil company paying -4%?
Okay, and it goes on and on,
you see the rest, okay?
But guys when they pay -4%,
you know that means?
We're giving them money.
So you pay taxes as a regular,
average American and
it goes to Chevron,
and it goes to Amazon.
It's outrageous they pay nothing on
the billions of dollars they make.
And Ben Shapiro thinks those poor,
poor corporations, they're not
getting enough of a break.
Roland.
>> Here's what Republicans have
done very effectively.
They have convinced broke as hell
white people to rally in support of
rich people.
Mississippi, how much of their
money is from the federal
government?
South Carolina,
Louisiana, Tennessee, Arkansas,
I can go on and on and on.
The brokest states in America
are red states.
All these broke white people keep
supporting Republican policies and
they actually think it's
benefiting them.
And I'm sitting there going,
are you all nuts?
They are not helping you at all.
And so part of this deal is, and
if you want to really understand
how to play, when Dr King gave
a speech in Montgomery after
the Selma to Montgomery march,
he remarked about a particular book
I can't think of right now, but
he mentioned it in his book.
He said where poor white folks
had aligned with free slaves, they
begin to make political changes.
The bourbon class,
that's what it was called, because
it's great that you remarked
the cats sitting there drinking,
smoking cigars, the bourbon
class said, we can't have this.
So what did they do?
King said they used the media to
drive a wedge between poor whites
and freed blacks.
That's how they were effectively
able to use white supremacy and
that's what led to Jim Crow.
So what you have is you have the
likes of white supremacists, white
nationalists like Ben Shapiro,
the Daily Wire, the Daily Caller,
the Daily Signal, Breitbart,
Fox News, all the right wing.
They've got all these broke white
people saying,
that's bad against you.
And it's kind of like no, no,
you all are broke.
So, Biden is actually trying
to help all of you broke white
conservatives while you all instead
would rather stand and support all
of these rich folks who don't give
a damn about any of you all.
>> So, I often talk about if you
want to see who is causing
the problems in this country,
don't look down, look up.
It's the people with the power that
set the rules, and so
if you don't like the rules, it's
the folks that made those rules.
And guess who made the rules?
Rich people, of course, of course,
in campaign contributions and
the lobbyists, etc.
You know how many lobbyists poor
white folks have?
None, poor black folks, none,
poor Latinos or poor immigrants,
none, okay?
Rich folks and
corporations have tons and
tons of lobbyists.
And yes, Roland is right,
they finance these propaganda
outlets like the Daily Wire and
Ben Shapiro and all those guys.
They literally have right
wing billionaires giving them money
to do their shows.
Not an investment,
just cold cash, you keep it as long
as you say what we tell you to say.
What do they tell him to say?
What you just saw,
rich people are awesome,
corporations are awesome,
only the problem is the poor.
Jayar, we got the clip on that?
>> Yes. The only problem now is
you guys haven't been listening
to Jeremy Boreing spit some facts.
So this is him talking about who
the real beneficiaries are of our
tax system in America.
>> The people who don't pay their
fair share in this
country are the poor.
We need to raise taxes on the poor.
[LAUGH] >> I'm not joking,
I'm not joking, the poor in this
country pays zero, the lower middle
class in this country pay net zero.
So we have a group of people who
pay no taxes, a group of people who
pay no net taxes, a group of people
who pay all the net taxes, and
his argument is that it's category
three who don't pay their
fair share.
Fair share means your percentage of
taxes.
We've determined that there
are some people who shouldn't
pay any percent of taxes.
>> Reality on its head.
They've determined, he said who
they is, they've determined that
there's a certain group that should
pay zero in taxes.
You're right it's just not the
group that you're talking about.
So in what way would you raise
taxes on the poor?
Which part of a $10,000 income
a year would you raise?
What percentage of that $10,000
a year income would you raise, Mr.
Boreing?
I'm not sure. [CROSSTALK].
>> Go ahead.
>> Watch this here, and this is my
understanding, the shale game,
few years ago, Alabama,
Wiley I think, guy's a governor,
he says, I'm going to use Jesus
as the example for why we should
change our tax policy in Alabama.
Literally it was what
would Jesus do?
He said, in Alabama, I believe they
start taxing the poor at $5600.
So he said, look,
we need to raise it,
this makes no sense.
In law,
6535, guess who were the folks who
opposed it more than anybody else?
The Chamber of Commerce
supported it.
Guess who opposed it?
White conservative evangelicals.
Why am I saying that?
Because white conservative
evangelicals love talking about
Jesus when it comes to abortion,
when it comes to same sex marriage,
but they love skipping apart when
Jesus talked about the poor.
See, they don't want to deal with
that, they don't want to deal with
the Bible on that, but
they love talking about rich folk.
The Bible was clear what Jesus had
to say about rich being able to
get into heaven and poor folks.
But no, they want to pimp God,
they want to pimp Jesus, and
all of these right wing
white conservative evangelicals
don't give a flip about the poor.
All they care about are rich
donors and that's why they are all
evangelical Christian frauds.
And I'm talking to you, Dr.
Robert Jeffers, Ralph Reed,
Franklin Graham and Paula White and
I can go on and on and on.
You all don't care about
the poor in this country,
because if you did, you will be
supporting Biden's tax plan.
>> So now, let me also
correct them on the record.
So look, just watching those five
guys sipping their bourbon or
whiskey or whatever it is,
by the way, nice charcuterie board,
I'll give them that, [LAUGH] okay,
if you notice on the table,
and going,
the real problem is the poor.
>> They sound like an SNL sketch.
>> Right, yeah.
It's there like a self
parody, right?
But here, let me correct them.
They all say,
the poor don't pay anything,
that's not true.
So they're only talking
about the income tax because that's
convenient.
But there's actually tons of
taxes all over the place.
One that you'll all know is
the sales tax.
So let me walk you through a little
bit of an exercise, okay?
The effect of the sales tax and
what it does to the poor and
the rich.
So let's take a sales tax of about
8%, which is in some of the states,
all the states vary on it, okay?
And let's see what it does to
an average minimum wage worker.
Federal minimum wage in
this country $7.25.
That is a yearly salary of $15,080
bucks, that's $15,000 if you work
every single day,
Monday through Friday,
52 weeks a year,
you don't take a single day off,
okay?
15,000 bucks.
Now the problem is,
if you got 15,000 bucks, you got to
spend the whole 15000 bucks you got
to spend it on food, clothes, etc.
You can't save any money,
you only have 15,000 for
the whole year.
So you pay an 8% sales tax, well,
what does that equal?
Let's take a look at it again.
It equals 1206.40, and that's 8% of
your entire income, okay?
Now, how much do you think it hurts
to pay $1200 in taxes when you only
have 15,000?
I know I've been there.
I've had years where I made
that amount or less, and
it's brutal, okay?
>> Right.
>> Now Roland, let me show you how
the same sales tax affects average
corporate media CEO, because that's
a different story we're going to do
in the show today.
And it turns out, they make over
$28 million, actually nearly 29,
but we gave them the benefit of
doubt and said a $28 million
salary for those CEOs.
Now, if they went nuts and spent
10% of their salary, $2.8 million
on things that you get charged
sales tax for, I don't know how you
spent $2.8 million year, right?
But let's say they did it, we give
them the benefit of the doubt,
they just spent like nuts, right?
You put a 8% sales tax on that,
that's $224,000, wow.
But on a $28,000 salary that's less
than 1% of your income.
So the poor are paying 8% of their
income and it's killing them on
a sales tax, let alone a gas tax,
this tax, that tax, okay, whereas
for the rich it's a tiny, tiny,
tiny percentage of their income.
And then they go, yeah,
the problem is the poor aren't
paying enough taxes.
Now you know the reality.
>> This is the reason why people,
back in the day when Rush Limbaugh
said, hey, you know what?
We're discussing Obamacare and
whether or not we're going to
have health care for
anyone in the country.
And I'm going to remind everyone
now that we have this general sense
of healthcare in the country,
people are acting like that's
been the norm.
Before that argument was, hey,
go to the emergency room,
that's your healthcare.
But anyway, upon that argument,
Rush Limbaugh was one of the people
who said, what's the matter?
If something happens it's like
$15,000, it's ok, just go and
take care of it.
Because they're so far detached
from the regular human being,
that they think the amounts of
money that they have is just what
people are too lazy to accumulate
because they're too busy flipping
burgers because they just enjoy
that rather than living
the high life that they're on.
Or maybe they have a microwave or
a cell phone or a television.
And I can't believe they're living
on these high on the hog expense
things like this, which by the way
have been stacked up on credit
cards which we're not even going to
get into the amount of things that
people have to owe on and
their purchasing power.
because that's how people actually
survive from one week to the next
lot of times is these credit cards
that then end up with high interest
rates and they have to pay back
that then their credit goes down,
and they're really screwed for
every year of their existence
trying to come out of that hole.
We're not talking about school
loans, any of that stuff yet.
All those other things that go into
an expense of people who actually
have to think about their money,
and I've been there as well too
when you're talking about, Cenk,
when I went to the grocery store
and had to say, wait another tax.
If you have to factor in how much
tax is going to go into what you're
buying on necessities before you
buy it because you got to make sure
your bank account's going to
cover it, that's the type of life
that Ben Shapiro and
Jeremy Boreing have no clue about.
>> But keep in mind also, we just
went through the last year and
who were the people who were
the frontline workers?
Who were the people?
My god, what are we going to do if
the grocery stores are not open?
The people they're talking about
are the folks who are sitting
here working in grocery stores,
the folks that are working at gas
stations.
And these same arrogant, arrogant,
white Republicans, they're the same
folk who oppose a living wage.
So let me get this straight,
you oppose a living wage,
you can't stand $15 an hour, then
you get mad at certain food items
that people buy if they actually
are using government assistance.
Donald Trump wanted to
change the food that they received.
And so all of a sudden, so
you want to strip all of that and
then you want to be so
arrogant to sit there and
say, they're not paying their fair
share.
Biden said something, and
if you have the video,
it's great to show it.
When he made the remark that 650 of
the richest people in this country
earned a trillion dollars during
the pandemic and
he said it's time to tax them,
the entire Republican side sat
there on their hands because that
is who their constituents are.
They are liars saying they
are the party of the working class.
They are liars when they're saying
they're standing for
the blue collar worker.
No, what the Republican party has
done is exactly what Howard Dean
said in 2004.
They focus on God, gays and
guns and that gets broke white
people not to be concerned
about their economic condition and
their pocketbook.
And so what President Biden is
doing is a smart strategy.
He's focusing on the pocketbook and
what he's challenging Republicans
saying, what you all going to do?
You're going to stand with the rich
people or you're going to stand
with the folks who are poor and
the middle class?
Democrats should be driving
messaging.
They should be having videos,
putting it out there.
They should be having billboards,
they should be doing local radio
saying, now, who is standing with
the richest of the rich and who's
standing with those most in need.
>> Yeah, and look,
I wish Biden would push way harder.
That corporate tax rate used to be
35% and
now we're talking about 28% or 25%.
But he is good on capital gains,
he's got to get those passed.
If he gets those passed,
then we have the money
to actually create more jobs in
this country which would help
everyone across the board.
So, the Republicans that are so
wrong fights so hard, I wish we can
give the Democrats that talk a good
game to actually walk that walk and
pass these bills.
So let's see how it turns out.
But the one thing we all know is
that everything you saw from that
Shapiro broadcast was
total nonsense.