Bill O’Reilly’s No Spin News and Analysis - O'Reilly Update Morning Edition, August 17, 2020

Episode Date: August 17, 2020

Democrats want to confiscate wealth... Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill O'Reilly here, and I'm warming up. Stand by for the O'Reilly Update Morning Edition, but first. Let's face it, the U.S. economy is under stress. National debt rising, trade war, shaking the markets. And meanwhile, China is dumping the dollar and stockpiling gold. That's why I protected my savings with physical gold and silver. Thoreau, the only dealer I trust, American Hartford Gold. And you can do this.

Get precious metals delivered to your door or place in a tax advantage, gold IRA. They'll even help you roll over your existing IRA or 401K, tax and penalty-free. With billions in precious metals delivered thousands of five-star reviews and an A-plus from the Better Business Bureau, you can trust American Hartford Gold as I do. Please call 866-3-2-6, 557. or text bill to 998899. Again, that's 866-326-5576-5576 or text bill to 998899. On this Monday, I am thinking about a proposed bill introduced by Senators Bernie Sanders, Kirsten Gillibrand, and Ed Markey,

that would oppose a 60% tax on American billionaires for all money, they made beginning a march of this year when COVID hit. The Uber left senators call it a pandemic tax. The bill will never pass because it's arbitrary, some profits have nothing to do with COVID, but it's important to understand the hidden agenda behind it. First, let me say that I have no goodwill toward wealthy people who have made fortunes by exploiting workers or violating the law, kind of like what billionaire George Soros did when he was convicted of a felony in France. Greedy human beings are the worst, in my opinion.

But the tax system in the USA focuses on the affluent and corporations, taxing them in a rather robust way. President Trump actually taking more money from the wealthy than President Obama did because Trump knocked out high-end mortgage in state tax deductions. Anyway, what Bernie Sanders and his socialist crew really want to do is to seize private property through federal taxation. That is called the wealth tax. And it is clearly unconstitutional. But the far left will try. And if elected, Joe Biden will not stand in their way. Now this. Hey, I'm Caitlin Becker, the host of the New York Postcast, and I've got exactly what you need to start your weekdays. Every morning I'll bring you the stories that matter, plus the news people actually talk about, the juicy details in the

world's politics, business, pop culture, and everything in between. It's what you want from the New York Post wrapped up in one snappy show. Ask your smart speaker to play the NY Postcast podcast, listen and subscribe on Amazon Music, Apple Podcasts, Spotify, or wherever you get your podcasts. That is the morning O'Reilly update. More analysis later on.