The Dan Bongino Show - Ep. 584 How We Can Stop This Madness
Episode Date: November 6, 2017In this episode - Churches are uniquely vulnerable locations for targeted violence. I address some solutions in today’s show. http://www.foxnews.com/us/2017/11/05/mass-shooting-reported-at-texas-sut...herland-springs-church.html Yes, there is a hidden “bubble tax rate” in the tax bill. Here’s how it works. http://www.forbes.com/sites/ryanellis/2017/11/04/there-isnt-a-stealth-tax-bracket-in-house-tax-reform-bill/ Here’s a must-read piece on the lasting impacts of Communism. https://www.wsj.com/articles/the-communist-century-1509726265 Here’s an unhinged liberal response to yesterday’s horrific attack in Texas. https://buff.ly/2zzagJF Another fascinating piece about quantum computing. https://futurism.com/future-quantum-computer/ Is this the beginning of the end of the iPhone? http://fortune.com/2017/11/02/apple-iphone-x-ai-google-amazon/?utm_campaign=fortunemagazine&utm_source=facebook.com&utm_medium=social&xid=soc_socialflow_facebook_FORTUNE Learn more about your ad choices. Visit podcastchoices.com/adchoices
Transcript
Discussion (0)
The Dan Bongino Show. Get ready to hear the truth about America with your host, Dan Bongino.
Alright, welcome to the Dan Bongino Show. Producer Joe, how are you today?
Man, man, what can I say?
I know. I know. I mean, it's incredible. It's like, like I said, folks, you can't turn away for two seconds.
It's just, the world has seemingly gone mad. It's just crazy.
It's just the world has seemingly gone mad.
It's just crazy.
We have another attack in Sutherland Springs, Texas.
And, you know, let me just get right to the point here. I've been doing a lot of media on this, and I got an email yesterday from a nice enough guy, a gentleman.
And he said to me, I did a hit.
Well, let me just give you what happened in case you missed it.
Of course, I always assume you understand.
But there was a shooting in a church in Sutherland Springs.
About 20 people shot, multiple victims, another tragedy.
Now, I want to get into some stuff here I think is going to help you.
I wouldn't do it otherwise, folks.
And I did that yesterday on a cable news hit on Fox, I did, where I was discussing the shooting and how churches are uniquely vulnerable. And I got an email of, again, nice guy. I'm not being critical of him anyway. He
was very nice too, Joe. And he said to me in the email, he's a security professional himself,
not a secret service, but something else. I didn't exactly get to check his bio, but
he laid out some of his credentials, seemed impressive enough. And he said, I don't think
we should be putting this stuff out there on cable news.
Because again, the same criticism I felt would be levied on my book about the Secret Service.
You're giving the bad guys ideas.
Folks, I can't say this to you enough.
The bad guys already have these ideas.
The only question is, what are we going to do about it to stop and mitigate the
threat from said bad guys? I'm sorry, sir, email me. I appreciate your email greatly. I mean that.
But you are categorically wrong on this. Churches are uniquely vulnerable institutions as soft
targets, folks. And the fact that a lot of these churches don't have this info and don't even know this
is the reason I go on the air and talk about how vulnerable they are so at least they can
do something.
You see where I'm going with this, Joe?
Oh, yeah.
Yeah.
Folks, I would never...
Listen, I don't need to be on the...
This is not...
I'm not in any way trying to be pretentious.
Please don't take this the wrong way.
I don't need to be on the air.
I have more
than enough work.
Joe, can you vouch for me on this one?
Please, as my friend.
I have more than enough work if I never
did another cable news hit again to carry
me through an
eon. Really?
I only go
on the air if I feel like I have something to say.
I have said no to multiple cable news hits repeatedly if I feel like I have something to say. I have said no to multiple cable news hits repeatedly
if I feel like I have nothing to add to a conversation.
Believe me, I'd print you the emails if it was ethical.
Yes, I'll vouch for you on that one as well, yes.
You know it, right?
I know it.
No, I don't.
I said no to the hit.
Joe will say, what do you do?
He asked me to do this.
I won't do it because I don't feel like I have anything to add.
I feel like on this church shooting yesterday, I have a lot to add.
Now, getting right to it, I understand your concerns,
but here's why churches are uniquely vulnerable.
And if you go to a church, if you are a parishioner in a church,
if you are a pastor at a church, a deacon at a church,
whatever you may do, catechist, whatever,
you need to understand that there are people out there casing your locations already.
Why?
Why are churches vulnerable?
Number one, ingress and egress, folks.
This is all we did in the Secret Service is design security plans.
And one of the first things you look at at any location you're going to secure is what is the entrance and exit point.
of the first things you look at at any location you're going to secure is what is the entrance and exit points now why would a church be a uniquely vulnerable target when it comes to
ingress and egress joe when you're in church which i know you go often yeah do people come in from
the back of the church and by seeing them when i mean the back of the church i mean where the
people are seated generally the front of people come in behind the pastor they're wiley speaking
you know the people come in the front of the church i go to and out the same way it's it's only right
the fro well and well but not when i say the back of the church i mean they come in the back right
they don't come in across the uh the pulpit right right yeah the back so yeah i know what you're
saying that's why i tried to but they come in the back of the church. It's the same in every church everywhere. There are a couple of maybe side entrances,
but people who enter a church generally come in, Joe,
correct, through the same spot,
which is, we'll call it the back,
which is where the seating is.
Behind all the seating, yeah.
Yeah, you don't come in behind the pastor.
Right.
A church, folks, is a performance. It is a, I don't mean that in a derogatory way it is a a it is a
it's the equivalent of a performance i mean that in a strategic way like a concert where the the
attention is all in one direction up front right and when the attention, Joe, is up front, the entrance has to be in the back.
Because the people doing the performance or engaging in leading the mass,
the priest or a rabbi or an imam or whoever it is, Joe,
does not want to be disrupted by people walking across the pulpit behind them.
Now, what does that mean?
That means everybody is coming in and out in one direction,
right?
That means if you want to target people,
they are all going to be coming out in that same direction.
Meaning you have a shooting spree.
Churches are uniquely vulnerable.
Second, why churches are uniquely vulnerable. Second,
why churches are uniquely vulnerable.
And trust me, people
already know this.
Why do you think this maniac
from the adjoining town
there went over there and you get engaged
in it? Do you think he didn't know this?
We would
call it a choke point.
It doesn't matter what he called it.
He understood, likely, that people were going to be coming in and out in one direction.
Now, a church, being that there is a ceremony going on,
I don't want to call it a performance.
Performance is a bad, it's not what I mean to say.
I'm just trying to give you the strategery of it here.
This is important.
You have a celebration going on in this case.
In my case, where I go to church, you have a celebration of the Last Supper of Christ.
Do this in memory of me.
Where is everybody's attention?
Up front.
Up front.
Where is a shooter coming in?
The back.
Where is everybody looking the front
folks churches are uniquely vulnerable third what do you not have in a church
you don't have cover or concealment. What is the difference?
Cover is a relatively bullet resistant material wall obstruction that can stop or slow down a bullet so that you can hide behind it. Why does church not have that?
a church is by its very nature an open congregation so that people joe can see the performance the celebration This is not complicated.
There's no cover.
Now, there is limited concealment.
What is the difference?
It's critical you understand this. Maybe I'll cover it on a Rough Cuts episode.
Concealment conceals you, but provides almost...
Now, cover can be concealment.
If you're behind a brick wall, that is cover and concealment.
Strictly concealment, Joe, that is not cover, okay?
Concealment that is not cover will conceal you
but will not stop around a bullet.
A pew, nine out of ten times, is made of wood
or you may be in some kind of plastic seating.
I assure you, 999 out of a thousand times, you are not in bullet
resistant seating in a church. So you may have some form of concealment if you get low, but that
concealment is limited as well because it's an open room where an active shooter can just walk
between the aisles and see you. It's not a closet. It is not a hard room. It is just a bench.
If you get behind it and a shooter is walking around in there, a murderer, he can see you as
he looks over. It's not hard. So it's not even good concealment. Folks, let me go over this again
so you understand this. And please don't email me that we're giving the i'm we're not
giving bad guys bad info these people already know this i'm going to give you a second things you can
do to if you work in a church or anything like that to stop this stuff this is these guys and
women already know this these bad guys you have ingress and egress problems everybody's going in
and out of one location the back of the the church. Therefore, when everybody starts to flee, you have another guy who can pick
them off. They're not going out of multiple locations. Where's everyone looking? Their
attention's up front. Where's the shooter going to come in? He's going to come in the back
and nobody's going to see it till it's too late. Third, there's almost no cover and there's extremely limited concealment for anyone
to be able to hide. It's horrible we have to talk about this, folks, but I feel like I owe you
some amount of my prior expertise that was passed on to me. I didn't invent this stuff. I was taught
it like
anyone else. When I went to the Rowley Training Center for the Secret Service and we had to
understand this, this was our lives. This is what we did every day. I feel an obligation to tell you
that there are people already out there planning this stuff. Do you want to know what's wrong or
do you not? That's the only question. Now, how do you fix it? Folks, if you're in a church, you've got to get some closed circuit cameras.
And someone should be watching those cameras every time there's a mass going on.
There's no excuse anymore to not do it.
We're living in a different time.
I wish we weren't.
There's no reason to panic.
Thank God the likelihood of you being involved in a terrorist attack or an incident like this, a mass attack like this.
Thank God the chances are very slim.
There is no reason to panic.
We're Americans.
We're all tough.
We get through everything.
This was a horrible, I mean, the pastor's daughter, kids, adult.
I mean, the story's just, I don't want to get choked up here on the air,
so I'm going to avoid the gory details for you.
But closed circuit cameras, a high-definition camera monitoring system
that should be watched in a
camera room or by the firebox or whatever it may be, should be mandatory in every church.
Also, at this point, to not have some form of armed guards, and we're not talking about guys
in ninja suits here and BDUs at the door. I don't care how you dress, a sport coat and a pair of khakis.
There has to be some form of an armed guard.
I'm sorry, folks.
It's just irresponsible at this point with everything going on.
And between the maniacs out there and ISIS and the growing use of soft target terror,
closed circuit TVs, and armed security
are just a must.
I mean, I'm sure, I'm absolutely
sure. I volunteer at my church.
I don't say this to pat myself on the back.
I say this to make a point.
If they asked me to volunteer
as security, I would do it.
You don't have to
pay people, but it's just
irresponsible at this point.
Now, secondly,
you have to get some form of a hard room in your church.
There has to be some room somewhere
that has a door, no windows,
and three hardened walls
so that someone can get in there
and at least call the police and do something.
The people on the stage,
the only people on the,
the people up on the altar are the only people who can really see what's going on.
They should be able to flee to a hard room so that someone can communicate with the police
so they at least have some idea.
You see what I'm saying, Joe?
If you're a priest, if you're a deacon, if you're a musical performer up on that stage,
and God forbid there's a shooting,
you should be able to flee to a hard room,
a hardened room, usually a bathroom
that can't be shot into,
that you can stay safe for a moment.
There should be some kind of a phone
or you have a cell phone on you.
You should be able to communicate with the police
from that room and be able to describe immediately
what's going on.
You have to have a hard room.
The Secret Service newsflash, this isn't private information.
We don't go anywhere without a hard room, ever, for any reason.
Also, you need to make big things small.
If there's a section of your church, if there's a section of your church that can be closed off, you should
have an emergency response plan where people can do it.
In other words, if there's five or six side entrances into your church and people can
flee out of those entrances into kind of a hallway, you should have some kind of a roll
down gate so that people can't follow you, notably killers and shooters and terrorists.
I know in a church I go to, there is a hall they use afterwards right next to it where they do coffee and donuts afterwards, which is very nice.
They do drives there, food drives and things of the sort.
People should be able to flee into there and they should be able to close the access to that behind them.
A sealed door, a rolled down gate, or something.
I call it making big things small.
Make big things small.
Make a big church
a small safe area
so that some people can get out.
It's really sick
that on a Monday morning
we have to talk about this stuff, folks.
It's kind of depressing.
Not kind of depressing. It's not kind of depressing.
It is depressing.
But I was taught these things.
I'm a smart guy,
but I'm no smarter than you.
I figured it out.
This is all I did my entire life.
It's time that all of us
have to become like
many Secret Service agents ourselves
and start thinking,
are we in danger too?
Sorry, but this is just where we are.
All right, I got a lot more to talk about, so we're going to move on from that.
I got an unbelievable story.
This is not a subscriber-only piece, by the way.
I'll put it in the show notes at the Wall Street Journal show.
But there was a piece about communism.
It's long, but it's about 1,000 words.
You can read it in 10 minutes.
But there's a piece in the Wall Street Journal you have to read.
I will put it in the show notes today, Bongino.com.
If you go there, you can read the show notes or you can subscribe to my email list.
As most of you know and have done, thank you.
Our email list has exploded, by the way.
I will email the story right to you to your inbox today.
It's a brief history of communism, but it is an amazing
piece. And I have some quotes from this and they are eerie, Joe, straight up eerie as to what's
going on right now with liberal identity politics. Before we get to that, though, we have to pay for
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So here's some info from this piece I was telling you about, which really blew my mind.
You know, on the weekend, I try not – folks, I know this is a little bit disappointing to me,
but I try not to read too much politics on the weekend because I just have to get away from it
because it's infuriating most of the time.
But there's this piece, which incredible again on communism it talks about the you know what the
body count from communism joe is give a rough guesstimate how many millions you think died oh
300 65 million i mean what you're what you're at 65 million right right? I mean, it's like, what did Stalin say?
Was it Stalin who said, you know, one death is a tragedy, a million is a statistic?
And your answer there is evidence of that, that 65, 100, 200.
Yeah.
I mean, we're accounting in millions.
Think about the epic scale, the tragedy.
But the similarity to what's going on right now is absolutely eerie.
Let me read to you this first. This is from the piece, right? And think about what's going on
today. Pay attention now to what liberal Democrats are doing now with identity politics, Joe.
Union employees, minorities, immigrants, everybody's a victim somehow when it comes
to liberal identity politics. Now listen to this quote from the piece and think about where they got the idea from.
From the piece.
In urban areas, the Soviet regime was able to draw upon armed factory workers, eager recruits to the party, and secret police and on young people impatient to build a new world.
and on young people impatient to build a new world.
In the countryside, however, the peasantry,
some 120 million souls,
had carried out their own revolution,
deposing the gentry and establishing de facto peasant land ownership.
So who did they target?
The early communists.
They targeted factory workers and young people.
Now, preying on factory workers, Joe,
is this going to sound familiar?
No.
Based on class warfare rhetoric.
Here's another quote from the piece.
Yeah.
Talking about Stalin, Joe.
Okay.
He incited class warfare against kulaks,
better off peasants.
That's what the kulaks were.
And anyone who defended them.
Listen to this one.
Imposing quotas for mass arrests
and internal deportations of those evil, well-off kulaks, those better-off peasants. Sound familiar?
Yeah.
Those evil, rich people. Fair share. Pay your fair share. Folks, you wonder where this stuff comes from? You think I'm making this up? You think I'm like a total psycho when you listen to this show?
when you listen to this show.
I'm reading this piece thinking,
this is what's going on now.
So they target the factory workers using class warfare rhetoric,
and they target young people knowing,
and I don't mean this as a blanket insult.
Don't take this the wrong way.
Knowing that their youth comes with it,
a certain lack of knowledge about how the world works,
strictly as a matter of chronological time.
Joe, does anybody disagree with that?
The longer you're alive, the more you learn?
Yeah, that's pretty much true.
No matter how, I mean, I'm not trying to you're alive, the more you learn? Yeah, that's pretty much true. No matter how smart.
I mean, I'm not trying to confuse anyone.
I don't have a trick question.
But the longer you're alive through pure experience alone, you just learn more.
If you go to school and enhance that learning, great.
But if you are alive longer, all things given equal, you will generally know more than someone who's not alive as long as you've been.
Just through experience alone.
So they took advantage, the Soviets, of younger people,
impatient, as this piece says, for the revolution.
Sound familiar, Joe?
Oh, yeah.
With these young birdie bros now?
And these suckers in college, these liberal suckers
who believe in this socialist revolution despite 65 million dead?
Folks, class warfare and identity politics
has been a staple of the far left for eons don't be a sucker
gosh i mean do you think these tactics are new i'm going to put the piece in there i strongly
encourage you to read it because none of this stuff is new folks these ideas are not original
they've been doing this forever they got this from the so. Folks, they needed to create victim groups. And what I
like about the piece is it talks about an idea I've been discussing for a while now. It's not
my idea. It's not original to me. It's not proprietary. Matter of fact, I got it from
David Horowitz. Not Dan Horowitz, a conservative of you, David Horowitz, who wrote a book called
Unholy Alliance. Folks, liberals understood a long time ago
what the Soviets did.
And in the piece, they talk about
how the Soviets never knew, Joe,
where this was going to wind up.
Now, why?
Why would the Soviets not know the endgame of communism?
Because it had never been tried successfully, Joe.
They never, it never worked.
The Soviets didn't have a utopia to point to
joe am i making sense here yeah in other words they couldn't point to like look at east tuna
fish over here and this is this soviet this is what it's going to look like they didn't have that
now there were failed societies and then there were failing societies and then there were societies that were on their road to bigger and better things that were generally free market capitalist societies.
Had problems.
Nobody disputes that.
Nonetheless, the early Industrial Revolution, we had problems in the United States, but we were on the way to big and better things where we are now and still moving in that better direction.
The Soviets didn't have that.
They didn't know where any of this was going to end up
so what they did is they relied on what uh what david horowitz called the anti-anti-communist
approach meaning joe they never tried to sell people in the know at least on the benefits of
their communist society by pointing to anything real
why because they didn't have it so what did they do joe they just attack their enemies does that
make sense yeah just made stuff up so where the antics you're damn right so we're the anti-communists
what were they they were the anti-anti-communists that's what liberals are now they can't point to
their perfect society so they're anti-anti-communist they just go after people like us that know their idea of a perfect world
vis-a-vis socialism sucks is this making sense yeah they're sitting in a room imagine a bunch
of dopey communists they have nothing to point to to say to people hey guys vote for us or
there's no voting obviously in communism it's the very opposite of a
of a of a free market and a free electoral market as well but they can't point to people and say
hey support us here's we're gonna get you we're gonna get you paradise and here's what paradise
looks like because it exists they don't have that so all they do is point to the existing system now
joe which we have we can see right capitalism here and they say gosh look at
the united states look what it's doing to immigrants look what it's doing to black people
look what it's doing to muslims looks what it's doing to union workers look what it's doing to
the poor look what it's doing to the middle class but they can't point to anything themselves other
than death and destruction on their side that is why they are the anti-anti-communists. That is why they hate us so much. Because they
don't have anything. All they have is hate and identity politics. Do you understand?
They don't have anything else? Well, jeez, why do they side with, how come they don't
go after people in the Muslim world who are attacking gay people?
How come?
Because they're anti-anti-communist.
They see the Muslim world attacking free markets and capitalism in America, and they're on the team.
There you go.
They don't have anything else.
All they have is aligning with people who hate freedom.
That's it.
They don't have anything else.
Folks, please read the piece.
I know I, obviously it's my website
um i get it and obviously joining my email list benefits us i'm not gonna smoke you up it does i
mean i'm happy to have it we're happy to have so many names but please read the piece just go to
my website and read it it'll take you 15 minutes and everything i've told you in the show about how
liberals don't have anything they stand for other than hating us because they don't there's nothing that will all make sense
they are the anti-anti-communist and when you understand that and the genesis of their hatred
and the genesis of their use of victimology everything falls into line
is that okay Joe yeah it was good Dan the audience. Yeah, it was very good.
I mean, you know, the parallels are pretty self-evident.
This is definitely time for a trading places thing.
It ain't safe being no jive turkey this close to Thanksgiving.
Yeah.
Because I know someone's going to say, Joe, he agrees with you.
He doesn't always agree with me.
You know, that's a trading places thing we bring up on the show.
Remember that guy from the movie?
Yeah.
They think Joe's the yeah guy.
He totally isn't. It ain't safe being no job.
I love that.
It's close to Thanksgiving.
Wait, what?
Yeah.
There we go.
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They love it.
Okay.
Let's see.
Oh, oh, oh, oh, oh, oh.
So, man, if I've been getting emails about this topic.
Do you know the tax bill we talked about at length last week?
I'm not going to readdress the whole tax bill.
You can listen to the shows from last week.
But I missed something last week.
Not in the bill.
I don't want to try to pat myself on the back.
I saw it, but I didn't understand the implications of it. Shame on me. But over the weekend, I got bombarded with emails. Did you see
the bubble tax rate? Now I am going to include an article. It's in Forbes. The guy disagrees with me,
but it's a good piece and explains how the bubble tax rate works that you really, really need to
read at the show notes. Okay. Go check it out. It's from Forbes.
People are saying, Dan, there's a hidden tax rate in there for high earners.
Yes, there is.
There is.
And I'm going to explain to you quickly, one, why it's a horrible idea.
But first up, actually, that's two.
Number one, how it works.
And secondly, why it's a horrible idea.
Now, the author of the Forbes piece disagrees.
He doesn't think it's a bad idea.
It's okay.
But he explains it well. And I still think it's worth reading. So I, the author of the Forbes piece disagrees. He doesn't think it's a bad idea. It's okay, but he explains it well,
and I still think it's worth reading.
So I'll put that in the show notes.
There is a hidden tax rate in the tax bill.
A lot of you picked it up.
Story kind of broke this weekend.
There's been, my buddy Mark Levin
has been going nuclear about this, as he should.
It is an absolutely horrendous idea,
but I'm going to tell you why it's in there
and how it works.
First, why it's in there. It is a hidden horrendous idea, but I'm going to tell you why it's in there and how it works. First, why it's in there.
It is a hidden tax rate for people who are making over, I think it's married couples, over $1.2 million or so.
And it is a higher tax rate, contrary to what people are going to tell you, than the highest rate we have now.
Now, this is class warfare nonsense at its worst, but why is it in there? It is in there because the Republicans only had $1.5 trillion,
based on the rules they're using to tax the bill, to pass the bill.
They only had $1.5 trillion, Joe, to work with.
So they needed somehow to, I'm trying to think of a way to explain this,
buy down lower rates.
Does that make sense?
Like how to keep some high tax rates on high earners
to give lower tax rates to low earners
because they had to fit in that $1.5 trillion window.
Make sense?
Okay.
To buy down that lower rate,
they put in a bubble rate.
Now, here's how it's technically described.
Don't freak out.
I'll explain it.
Don't worry about it.
But how it's described in the four
piece by Ryan Ellis.
That was miniature by Gautier a little bit.
Did you hear that? No.
Yeah. See?
He says no. Yeah. Once in a while.
You don't need no chapter.
Alright. It is a calibrated
6% phase out wedge
on incomes exceeding 1.2 million
for married couples and 1 million for everyone else.
You're like, what the hell does that mean?
Okay, folks.
Once you make $1.2 million or more, and you're married.
Let's just say married for a moment because then you got to go do both for married and single.
It's just most of us at that age would be married anyway, especially at that income rate.
Once you exceed $1.2 million, Joe, remember I was explaining to you how marginal tax rates work?
Yeah. The bill now has a 12, 25, 35, and 39.6% tax rate. You pay those tax rates on the income
in those ranges, no matter what you earn. In other words, Joe,
let's just for the sake of round numbers,
say your first $10,000 was taxed at the 12% rate.
Okay?
I think it's the 90% in the bill,
but let's just for the sake of making it easy,
let's just say your first 10,000 was at the 12% rate,
10 to 20,000 was at the 25% rate, 20 to 30 was at the 12% rate. $10,000 to $20,000 was at the 25% rate. $20,000 to $30,000
was at the 35% rate. And $30,000 of income and above was at the 39.6% rate.
The way it works is you only pay that tax on the income in that range. So if you only make $10,000,
you would only pay the 12% rate. If you make $20,000 you would pay the 12% rate
on the first $10,000 in income
the first six months of your earning year.
Right, Joe?
Okay.
And the last six months
when you made $10,000 to $20,000
you would pay the 25% rate.
Make sense?
Yeah.
That's how marginal rates work.
You only pay the tax rate
on the income you made in that bracket.
I hope this is making sense.
Yeah.
We've done it a number of times.
Oh, yeah, yeah.
The way they wanted to buy back some money,
which is absurd, by the way,
to be able to cut rates for the middle class
is what they did is they phased out.
That's what he says, a calibrated 6% phase-out wage.
What that means is once you hit that 1.2 million, Joe, in income as a married couple, you get
a 6%, basically like a levy, on your 39.6% rate you're paying now.
Now, you're saying, wait, Dan, Dan, Dan, I don't get it.
How is that phasing out a 12% rate if it's a 6% phase-out?
Because, folks, the 12% rate now
applies on up to 90,000 in income. Okay? If you're getting a 6% surcharge levy on 1.2 million or
more, that wipes out what 12% on 90,000 would have been. Simple math. You see what I'm saying,
That wipes out what 12% on 90,000 would have been.
Simple math.
You see what I'm saying, Joe?
12% of 90,000 or 6% of 1.2 million.
You get what I'm saying?
That wipes out your earlier rate.
So it's a slick little trick they did.
Here's what... I know that math wasn't terribly complicated,
but I know it confused a couple of people.
You don't need as high a percentage at higher incomes
because it's a higher amount of money.
Make sense, Joe?
Okay, that makes perfect sense, yes. You don't need it because a percentage at higher incomes because it's a higher amount of money. Make sense, Joe? Okay, that makes perfect sense, yes.
You don't need it because 12% of 90,000, you do the math yourself, folks, and 6% of 1.2 million, you start wiping out any cash benefits of that 12% rate.
So it was designed to wipe out the 12% rate for people who make 1.2 million on their first zero to 90,000 because they get a
surcharge later on. In other words,
hey, yeah, you're going to pay 12%
of that zero to 90,000, Joe, but we're
going to throw a little levy later on over
1.2 million.
Folks, it's
a crap idea.
It's a horrible idea.
And we definitely don't need no
jive turkeys on this one right now.
This is too important of a time.
Why are we playing class warfare politics?
This is simply a clawback.
And by the way, the author of the piece who likes the idea, I hate the idea.
He says it's a good piece.
So he says it's a clawback of the 12% rate.
He doesn't try to hide it.
Why is it a clawback?
Why should people who make $1.2 million,
why should they have to give back the benefits of a 12% rate?
Folks, I dispute strongly, by the way,
and the reason I said this with a note of skepticism when we opened up,
that it was going to buy back anything,
is we've shown, as on this show,
you're probably tired of hearing it, over time, that the Reagan tax cuts, which by the way, Joe,
yes, there was a bubble rate in the Reagan tax cuts, but they lowered the top rate to 28%.
What's the top rate now, Joe? 39.6. So don't cite me the Reagan bubble rates.
39.6.
So don't cite me the Reagan bubble rates.
And under the Reagan tax cuts, by the way, from 70% to 28%, that was the top rate, Joe, before Reagan got into office, 70%.
The rich, I've said to you repeatedly,
they got a tax cut from 70% on the margin at their top rate to 28%.
The rich not only paid more in taxes,
they paid a greater percentage of GDP of the taxes as well than they did before.
Liberals, what part of that is difficult to understand?
The point I'm trying to make is I don't think this bubble rate is going to do a darn thing to raise any money.
And I think it's being scored improperly.
And you can't compare it to the Reagan tax cuts
because the rates were different it was a different time interest rates were different
I think it's just a messy in other words he says that and I say that because Ellis and the piece
as well you know there was a bubble rate in the Reagan tax cuts one he's right he does the homework
he's not wrong but I think the comparison's a false one you see where I'm going with this show? They cut the top tax rate from 70% to 28%.
It was a different time.
And not to mention,
the rich wound up paying more anyway.
Folks, once we fall prey
to this ridiculous class warfare garbage,
this extensive, smelly, hot garbage
that the rich should pay more.
Why should the rich pay more?
Why? What have you done with the money? You've pissed it away. Why should we give you more?
You know what I want rich people to do? I want rich people to go out and invest in their darn
businesses. I don't want them giving the money to the government. It's a cesspool.
I want them to invest in the businesses where we work, a lot of us.
You know why, Joe?
So we could be rich one day, too.
This isn't hard.
Oh, my gosh.
All right, a couple of just quick stories I thought were fascinating I want to put out there.
But please read the piece about the bubble rate.
It does exist.
Don't let anybody tell you it doesn't.
It said the author of the piece
I put in there in Forbes explains it well.
I read a really interesting piece about,
is this the end of the iPhone?
It's on my show notes today.
I'll put it in the show notes as well.
Check that out.
But you know with the iPhone X, right,
coming out, Joe?
Yeah.
This thing's been getting
rave reviews. I want to get one, as a matter of fact.
The iPhone X is like
everybody's going crazy over this thing. Love the iPhone.
Love the iPhone. I'm not a huge
fan of Apple's politics, but
I do like their products. I have an iPhone myself.
I have a 6 Plus. And
the headline of the piece is, is this basically
the beginning of the end of Apple? And I thought,
what the hell? This is going to be one of their crowning achievements, the iPhone X.
But the author makes a really, really, really good point.
And I hadn't really thought this one through, especially in context of the quantum computing
I discussed last week and what I think is the burgeoning growth of artificial intelligence.
He says, listen, I'm going to sum it up for you.
He's like, these things are going to be dumb screens soon.
He said, it's not about, he said,
Apple's addition to the market show, their value added,
was not just the fact that you could play music on a phone.
It was the fact that they integrated a whole app technology, right?
Everything's apps now.
I use apps to work out.
I use apps to listen to Joe in the morning on WCBM as an app.
I listen to Joe when Joe comes on sometimes in the morning on his morning show.
Everything's an app now.
Everything's an app.
Conservative Review has an app.
You can listen on a podcast.
That was one of, and not the only thing, but it was one of Apple's signature value-added moves into the market.
You tracking me, Joe?
Now, the iPhone X is the coup de grace.
This is it, man. They made it. This is is the coup de grace. This is it, man.
They made it.
This is like the best phone ever.
Better screen technology, cameras.
The guy writes a piece and says, no, it's not.
This is the end of it.
You know why?
It's not about apps anymore.
It's about skills.
And he's right.
It's going to be about AI computing in the future.
And it's not going to be about what an app you have on your phone can do.
It's going to be about what the technology in your house what skills they can provide
and these things are going to he doesn't say this part of it but this is me jumping
summing it up for you in my own way that thing in your pocket we call smartphone joe is going
to be a dumb screen soon there's going to be some transportable ai based technology chip or whatever
it is coming in the future,
not very long into the future.
Remember who figured BlackBerry was ever going to go away?
Remember BlackBerry?
That was it, Joe.
If you had a BlackBerry, you would have made it.
Now BlackBerry's been relegated to the dustbin of history.
This guy thinks with the advent of artificial intelligence, chip technology, quantum computing,
all of this stuff,
that this thing is going to be a dumb box soon.
It's going to be nothing but a screen.
It'll all be a chip.
It'll be a chip in your Amazon Echo
in your house or whatever it'll be.
Say you used to go to your phone,
play the Renegade Republican on iHeartRadio, right?
Now, Joe, you're just going to go to Amazon, Alexa, you're going to say, the Renegade Republican, play the damn Bonjito, see I'm stillRadio, right? Now, Joe, you're just going to go to Amazon, Alexa,
you're going to say,
the Renegade Republic, play the Dan Bongino,
see him still using it, right?
You're going to go to Amazon or whatever,
it's the smart chip technology,
hey, play Dan Bongino's show.
Oh, where do you want me to play it on?
Play it on my speakers.
You're not going to have to use your phone anymore.
You want to say, hey, I want to watch CRTV,
our network, which is a convenient plug for our network,
but unintended, but nonetheless.
I want to watch the Mark Levin Show.
I want to watch the Steve Day Show.
I want to watch Gavin McGinnis Show, Phil Robertson Show.
Where would you like to see it?
Play it on my TV.
TV is going to be a dumb screen.
So is the little TV in your pocket, the smartphone.
And I thought it was an ingenious piece, Joe,
that this may be.
And the reason, reason oh by the way
you may say well why is that such a danger to apple ai and dumb boxes and all this stuff and
the point he's trying to make is that google and other companies joe are way ahead of apple i own
apple stock by the way so it's not you know again it's not in my benefit to tell you this and i
think apple catch up they only have 500 trillion dollars in cash on their folks right but you see
the point he's trying to make, Joe,
is that Google and a lot of these other companies
like Amazon are moving ahead of Apple quicker
on the AI front while they're investing in hardware.
And to sum it up,
the point is not going to be about the hardware
in the future, Joe.
It's going to be about the software
and the skills things can do,
not necessarily the piece of plastic
and silicone and stuff in your pocket.
You get what I'm saying?
Yeah, that's pretty interesting.
Yeah, really super cool piece.
Go check it out.
It'll be at the show notes today.
All right, folks, thanks again for tuning in.
I really appreciate it.
Please go to Bongino.com, subscribe to my email list there.
Check us out.
We do a lot of work putting together these articles for you every day, so we appreciate
it.
Thanks a lot.
See you all tomorrow.
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